The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-06-16
real ESTATE AND
BUILDING Il NEWS
Agents Will Probably
HavcNo Summer Hol-
iday This Busy Year.
ACTIVE INQUIRY;
SALES LIMITED
Continuous Rain Played Havoc
With Busil1cssH. S. Waller
stein Invests in Main Street
Property Renters Dis
turbed by Advanced
Tolls.
Continuous Rain Played Havoc
1ty;+1, puc;,,ccc II G NNaller-

-1t'fl .HftEtsi lois. I.t, tat.
There viii be no summer vacation
Tor the real estate agents this year
said one OF that Class Of business men
yesterday His explanation OF this
distressing state OF affairs was about
us follows:
There4is active demand for real cs-
tate. both by investors and home
builders. The poor business in stocks
md bands Is driving investors TO look
for good real estate. and they can
lind it in Richmond. The spring has
been so backward and the weather SO
continuously bad, business In the real
estate line has been held back. In
fact. for some time past 1t has been
almost impossible to take would-be
Investor out to look at property. The
property Is here for sale. and, the
money is here to buy 1t. and when the
weather does open UP, business VIII be
30 lively and there VIII be no time for
the agents 10 take the usual summer
holiday.
business of the Week.
Owing to an almost continual down
pour OF rain all Of the past week.
nuctlon sales were knocked out en-
lircly, and many more private sales
would have been made but for the
lcaky clouds 1t was utterly imp ssh
bio to show property to tho inquirers
who wanted to buy. but would not do
30 without Investigation. Then. also,
sevcral deals that Were on the string
were held or because OF the absence
from the city OF some OF the inter-
estcd parties.
AS it was something like $4,000
worth OF Richmond property changed
hands during the week. The most Of
IT was small property. small houses
and lots on which smaller houses are
TO be erected.
The most notable sale OF the week
4 within tho city limits was that OF the
swinelnrd Guiding. 10. 1l1t East Main
I Street. The sale was made by ]. A.
Connolly s. Co.. for II. Swineford G.
Son, and Mr.. H s. Wallerstein was the
purchaser. This Is about the only
building on Main Street that now
stands on leased land on the old-time
4 rinety-nine-year lease plan Tho land
belongs to tho Williams estate, and
has lease value OF $500 per year.
Stnnds On Leased Ground.
The structure, which Is an Office
building, in which there are about
twenty tenants was owned by II.
6wineford & Son. Mr.. Wallerstein
bought the property as an Investment
and will hold It to rent tho Offices on
the three floors. The price paid for
the building was $500. During the
week Mr.. Wallerste!n made several
pther Investments, all OF which Were
small properties located in vurio,n,
parts OF the city.
The property at tho corner Of Third
pnd Main Streets, owned by Colonel
G. p. Z. BurgwyE, was offered at auc-
tlon by IL Seldom Taylor & Co., and
was knocked out to w. c. Schmidt for
the sum OF s1s,750. but the parties ut
3 interest were not satisfied with the
figure and at their request tho commits
Hioners declined to confirm the sale
The property is still on tho market,
Tut tho date for tho auction sale ha s
hot been set.
Rent Question In Up.
The Indications point to bette,
Weather for next week. and there will
DO many announcements Of auction
Sales Quite q number have already
been made. among them that OF the
brick dwelling No. 1902 West Grace
Street A1essrs. II. Seldom Taylor & CO
Will offer this home at o'clock to.
morrow afternoon.
II. L. Denoon will sell the dwellInl
NO. Sll 1-2 st. James Street.
The rent question Is disturbing
great many people. Tho scarcity O
houses for rent and the.advanccd fr
nres some OF the owners are demand
ing arc serious questions with tn,
people who have to live In rcntet
houses. Several OF the agencies, at tn
command Of their clients have had +,
advance rontals-some as high as Il
per cent. and others down to 10 pc
gent. q
There is q splendid opening In Rich
mond for some capitalist or numbe
Of them, to go into the business Q
building houses by the Wholesale 70
rent.
There is no cessation In buildin,
operations, and the boom continues
notwithstanding he advanced price
demanded for building material.
Darton Heights.
Suburban property continues active
and tho general boom affecting NJ
suburban localities is noticeable to /
marked degree In Barton Heights TIL
fact that Barton Heights has man
more advantages than the average sub
urban retreat is attracting number O
home seekers. There are more no,
houses In course OF construction no,
than at any other time for Il numbe
Il pf years. IA
In addition to the homes now bein
built for Mr. t. II. Harris. Mr.. w. l
Rngland, Mr. John FrIschkorn, Mr., s
y Nj O'Eannon and DIR, b. a. Dawson
contracts have been lot for tho erec
Zion OF a beautiful residence on Wick
nam Street for Mr.. Seth Gayle and
handsome home for Mr.. George S. Sip
bn Barton Avenue.
The now building company that liza
& rccently been organized In Barto
Heights, with $4,000 capital intend
"a TO begin operation Immediately. w
(, FIRST house will be built on the Il
recently acquired on Wicki.~m stree
This company was organized for til
purpose Of financlering homes for poo
(coatinucd on Sixth Page.)