The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-03-31
REAL ESTATE AND /
BUILDING J Il. j! / 6 news S.
Various Rumors of3Large4
and Interesting Sales
Of Property.
|SKYSCRAPERS NOW
TALK OF THE TOWN
Active Inquiry for Small Homes
and Lots on Which to Build
Them Continues-The
Suburbs Are Busy.
Out-of-Town S5
Investors. s:5.


One OF the unfailing signs Of ac-j 81
tivity in the real estate business IS an 4 @
oysterlike dumbness on the part OF
cal estate agents when newspaper Ky
man is about. The agents have good s
reasons FOR not talking out In meeting.f
but some Of them-indeed. the most
OF them-sometimes, quite often, over
work the old adage, which teaches, thes583
wisdom of keeping the left hand iii
total ignorance Of what the right nay ss
be accomplishing. When business isg
dull with them. they do not keep Sos N
mum; but when the average real estate
agent gets real busy, 1t is next TO- |
impossible to draw him out as to the 81
large deals that arc on the strne, or $
are about to be consunma ted, or that
have just been consumma ted They Fa
VIII not say a word until the deeds TX
t.et on the record an. the i,l'> Is SNcIl sssS
dried on the books OF the clerk of tho .
court VINO writes them down. s5ss
Exciting Runors. .sl3
There have been all sorts of reports
on the streets within the last few days
/ ol important sales Of valuable prop-S
erty. Among other apparently WE'LL
4 founded rumors was one that West
Franklin Street residence property had .sa
been sold Friday for as much al I'd
100000 cash: but the parties said to-
be Interested would not confirm the
4 ,ruinor. Another Interesting lrepcs Z si sj
TO the effect35that the splendid d prop Is
.erty at the northwest corner of Fourth B
and Main Streets had changed HANDS
\ the considerat ton being $4,000. M r.}ss
Il ftnton Taylor. was said to be the pur N
4 chaser and Mr.. q. II. Cllappell4 thoS
4 seller. This report could not be CO Is {;
A firned yesterday the ag cent who Was
said to have en- gineered n the deaf rs,-ss
Il lu ussin 6 to open his mouth on the b.
ii |jetl. 3s $ isSa
q, This report started the guessing g
Il pie to locating one q L AZ the ropuscciH u
Il skyscrapers on this lot. ds This gu:.sY
may turn out to b; true some sweet
4: day, but at present It is only a s. ne So
y About the Skyscrapers.
, The publication IN The Times Isl H.
. patch concerning Forthcoming sky
n scrapers have put a large number%or8
:. suess:rs in 20 tive hus1nass 81 and theya
! have pu t ten nd TIVE I've a nd 10 urteens
story bui ID insss 81 sliea1 iy every avail
able corner lot on Brna fy and q am
Streets. OF course all these gue e,s:,en
! cannot come true for q good MANY
s Years yet, but tile $fact5is thatathef ten-s
!. dency In Richmond 5nowais toward tall
< and massive business houses, and Main
/, and Broad Streets are the logical$il To-
cat tons for them. There Is scarcelyslsa a.
5donbt at&this{ good year 4 9O7 will SEES
: many splendid business buildings
!. started, and some Of them completed
z perhaps, but all of them will not be
4 ten, twelve and fourteen story35struc-
I lures. rs M Dbl q
s a deed was recorded IN the Chancery4
Q & Court yesterday conveying to Al j. /,
q E and l.. Kaufman from Mrs. Ann ~
Rankin the property No. "A 03 East Broad
{ Street, the consideration being sac, 900.
7. This Sts one of the lots with store on
T It. bought by these gentlemen a few
r weeks ago, notice Of which deal ap-
I peared at the time in this column
4 Messrs. Kaufman have also purchased
Il the next lotaa store, No. 4O5, but
It the deed has not yet gone to record M
II They already own the corner lot ana
= store No. 4O1. They are still reticent
t rs to what use they Will put the pro-
=. they Will tear down the present ibuild-
10 lnss and erect a splendid millinery
IN store, with ample room for theit.
s.. growing business. It has been limited
v that that property would make a mag
T. nihcent site for u skyscraper. nv j5l58H
y Many Small Sales. ~
: Notwithstanding the reticenceS of6the
q, property. 1t Is known that during the
N past week small houses and lots upon
which small houses are to be built
Is have been very active, and there ia
I'd yet much inquiry for such property,
In especially In the western part OF tho
city. II
Among other sales reported, theAfol-
, lowing, Nos. 1851 and 2603 East Frank
70 lin Street, which was the property 81
nc Mrs. NJ L. Davies. for s4.650; 70. "a ~
~ North Seventh Street. by William TT
lie swartzchild, for $4,000; a residence on
e. East Clay Street. between Third and
no Fourth Streets for $4,000. These deals
ne We're engineered by ]. a. Connolly g
ed Co. Il G..
~ Highland Park. 5lis
y, The suburbs have been active thu
- past week and the agents report mucl
u inquiry.
ne Following a year of remarkable sue.
" cess in lot sales In Highland ParE
e. comes an unprecedented demand fol
Is small houses with modern Improve,
~. ments. NJ S
With one exception no such thing q,
ow .'renter' Is to DO had in this section
OF of Richmond. Therefore the prospec,
,r- tive home seeker, desiring to Iocat,
there Is confronted with the neces
ready built or building to suit Sht
RAJ own personal requirements. House,
r. for sale are nearly as scarce As 8Eou USE
lc- for rent. there being only three o
ESQ fcIlr now offered.
I'd Those who are best acquainted Will
ls; the situation declare that the tleh
lse is an attractive one for investors q
ro- build on speculation; to rent or sell
M Small houses with six to eight rooms
biz, costing from yl,So0 70 1000. can read
Iso i liz he rented at y price which W II
se- assure a good return on the Invest
---, ment. Only a few weeks are REQUIRE
Ito construct such housed; hanaA q Z
Il