The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-03-04
REAL ESTATE AND
BUILDING NEWS
Week Shows Slight Lull in the
Real Estate Busi-
ness.
DEALERS ABLE TO CATCH UP
Speculation Not So Brisk, But
House Builders Are in the
Market.
DEALERS ABLE TO CATCH UP

Tho week Just closed shows something
q, n lull in the real estate business.
The weather for the past week has not
been altogether favorable and has un-
doubtedly cut off a number of deals that
might otherwise have been contaminated
Other conditions, not necessary to men
tion. have had the effect to soften the
real estate enthusiasm. But the lull Is
gladly welcomed by the real estate men,
who take 1t as meaning that speculation
has about run its course. and buyers as
we'll as sellers. are getting down to real
business >,
The danger of speculative boom. II
there ever was such danger, has been
lI,a ssed. True there has been lot OF
speculation during the past few months,
hut It has been demonstrated that specu-
iativc figures have at no time been run
beyond the actual values of Richmond
property As long as this remains true.
there can be no danger of a wild boom.
The lull. therefore. simply means that the
spectators have failed to boom realty
beyond Its intrinsic value, and is, OF
course. n good sign of the times.
This condition brings the home buyer
prominently to the front. and IT is a
fact that most of the sales made the
past week were to actual settlers-home-
rlIrlsers-and not to spectators.
1t turns ont that the big sale made
last week TO Captain Joseph p, willard
was not n purchase on speculation, as
Mt first reported. hut 1t is now reported
that Captain Willard bought the $50 feet
on Monument Avenue for friend, whose
purpose is TO build upon the ground
magnificent residence, TO be surrounded
By beautiful grounds.
The Lull Welcomed.
THE real estate men seemed to welcome
the lull of the week as giving them an
onportunity TO close up number of
deals that We're merely on the string.
They made use of the opportunity. and
thus 1t happens that in dollars and cents
the real estate business of the past week
footed up quite as much as any previous
week of late.
The snowstorm Tuesday played havoc
with all auction sales advertised that day
and the big sale of West End lots adver-
tised in The Times-Dispatch by j. Thomp-
son Brown and Company. for that day.
like the rest had to be postponed. This
was not only disappointment to the
agents, but to many prospective buyers
as we'll. some of whom came from distant
cities and elsewhere. In spite of bad
weather that day. the same firm closed
some important deals at private sale.
notably block>of Monument Avenue lots
for $4,000; several scattering lots and
West End dwelling for 6.250. amounting
altogether to about 5000. which was
some solace for their disappointment. The
same firm sold ut auction Thursday after
noon a number of Jackson Ward lots
and small frame dwelling.
Messrs Brown and Company Will sell
w 4. II, \ fnf. - h
at 4:30 p. NJ, some good-paying brick
property Nos. 1905 1907 and 1909 North
Second street AS this character of prop
erty is In big demand, good attendance
of investors is expected, consisting of
two brick stores and double brick
fiat dwelling.
Other Sales.
Henry S. Wallerstein has recently closed
the purchase of nineteen lots in the West
End nine being on the south line OF
Grace and the other ten on the north line.
all being between Addison Avenue and
Cedar Street. The property was bought
from Messrs. Addison and Moore spe-
cial commissioners, s26s0s.3S being paid
In consideration.
The lot fronting forty-three feet on
the north line of Grace Street. 175 feet
west of Addison Avenue. the property of
w. ii. Parrish, has been sold to Henry
T. Darlington Jr., and James s. Swan
for the sum of S9,652.50.
c. L. and w. G. Gwatiins have sold to
A. r. Steinbrechers trustee a lot 'front.'
ing thirty feet on the north line OF Grace
Street, 100 eject west of Laurel Street,
for $4,000.
George d. Priddy nas closed the sale
of his lot, fronting fifty feet on the south
line of Grace Street, 215 feet west of
Allison Avenue, to George O. White,
$3.50 being received in consideration.
The a. j. Chewing Company yester-
day closed the sale of the three brick
houses Nos. 1902. 1905 and 1872 Hanover
Street, in Lee District the property of
w. j. Ready, of this city to Byron Bear.
for the sum of S1s,75o. These houses are
IN excellent condition and are among the
best in that section Of Richmond.
Sutton and Company and McVeigh and
CHM will on Tuesday ut 3 P. NJ. sell
the house and lot 40 West Broad Street
Has Clear Title.
Tomorrow G. l.. and II. l.. Depoon> will
sell at auction seven and a half acres of
splendid suburban property on the
Meadowbridge Road and Henrico Turn
pike.
The property AT the southwest corner
Of Grace and Monroe Street, known as
The Monroe Market. has recently had It's
title perfected and the owner Mr. w.
w. Tally, is now in quiet possession
Fronting sixty-nine feet on Grace Street
with a good depth on Monroe street
makes this one of the most desirable
lots in this locality for an apartment
house or modern flat building. Greer
and Reid have the management Of Tho
property.
Elams Recent Sales.
Messrs ]. b. ELAN and Company, soil