The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-04-07
Great Demand for Small
Houses and Cheaper
Lots Continue
MORE BROAD STREET
SOLD To INVESTORS.
Richmond Needs Real Estate
Exchange Every City Con- 7
tractor Has His Hands Full
and the Suburbs Have
Building Boom
on Deck.

Notwithstanding the unfavorable
weather during some of the days Of
last week the real estate business was
quite active. There were many sales
made, more than the agents will tell
the newspapers about. and, as has been
the rule for some time past, the ma
5ority of the sales were OF small prop
erty.
There never was a time In the his
tory OF Richmond when there was such
active demand and such urgent inquiry
for small homes both by renters and
home makers. The fact is that Rich
mond never! before had as many new
Corners and as many people wanting to
locate here as now. a large number OF
them, perhaps u majority are skilled
workmen who wish to come here to
work in the various manufacturing es-
Establishments, and are men with faIni-
lies who want to buy or rent nice
and comfortable homes on the smaller
ORDER. They have difficulty in finding
them and the lack of them are driving
men away from here who would other
wise come and make good citizens.
Broad-Street Property Sold.
There were but few sales OF the
larger and more expensive property
made. or IL they were made they are
being kept secret until the deeds
are recorded. Among the larger sales
made was one by II. w. Bowe & Son.
They sold the property at the north
west corner OF Tenth and Broad
Streets for $4,000. It was bought by
real estate agent for a. customer
whose name he does not care to give
Mt present. This firm also sold several
small houses. among them one on the
cast side OF Seventeenth Street, be-
tween Venable and-CArrington. for $500;
two small brick houses on Walnut, be-
tween Seventeenth and Eighteenth, for
s2,vJ0, and vacant lots on Nineteenth
street, extended, for $4,000
Another Broad Street sale was that
of4the store, No. 40 East Bsoad. which
was owned by William Tobien. Jr. Mr..
J. b. Elan, Judge of real estate and
values, became the purchaser. He took
st as an Investment. thinking 1t was
cheap enough at $4,000. The lot
fronts twenty feet on Broad Street.
The sale was made by c. l.. and II, L..
Denoon. This firm also sold a two
story brick dwelling on West Grace
Street for $4,000. They will sell at
auction next Tuesday afternoon two
very valuable pieces of Broad Street
property
Many Small Sales.
A.. j. Chewing Company report the
outlook very bright for the coming
season. They have number Of new
residences Iust completed and are
finding ready tenants for them. This
firm does an extensive business IN
loaning upon real estate and say they
lave made larger number. OF both
large and small loans recently than
for any like period In q long time.
This is a sign of activity in the build
ing line This firm, like all the oth-
I. crs. finds an active demand for small
houses. Among their recent sales may
be named the following:
Donald Quarry, with So acres, in
Chesterfield county, $4,000: dwelling
on Kensington Avenue. $4,000; No. 5o1
South Pine Street, s1,75o; No. % West
Z Leigh Street, s2.325; Nos. 914-016 Nortl
Seventh Street. s1,25O; dwelling or
Beverly Street, $1,000; No. 1905 Lewis
street.. $780,, No. 1907 st. John Street
s645.
j. Thompson Brown & Co. repor
activity along all lines and not 44ttl
inquiry from outside investors con
corning business property In and abou
lichmond. Among the sales made b,
this firm the past week may be men
toned Lee District property to tn
amount Of $4,000, a storchouse on Yves
Cary Street for $4,000 Laurel Stree
dwelling for s1,1o0, and suburba
residence near Home Place for $4,75'
An Exchange Some Sweet Day
& Several auction sales announced 70
the past week had to be postpone
on account of bad weather. The tim
may come in the future sometime
the future. far away perhaps, whc
the real estatts men in Richmond wi
Il catch Up with their brethren in othe
cities OF like size and have rei
estate exchange, in which auction sa,e
ray take place at any time advertise,
rain or shine,
Whenever an auction sale Is pos
. roned on account Of rain, especial
IL 1t be a court sale, the property an
the postponement have to BIO advel
tised again, and the cost of the SD
Ilcrcnsed that mach, 1t has been est
mated that this additional cost save
would pay for an exchange IN te
years.
There is nothing new In huildin
picrations 1t Is the Same old stol
Mat has been told here for the pa
two years, Every contractor in Ricl
uiond has his hands fn1la ond buildir
y lperations arc Visible in every pa
r, VI tho city,
a vertable building boom Is OIL in Il
suburbs. III all Of them around Rlc
nond residences are going IN like mag
Md be builders are yet besieging t
contractors to figure on homes for then
i Ginter Park.
April has brought renewed activity
Yinter Park business. Mr.. Williams
Calley and Mr., John G. Miller have /,
4ently purchased property In this me
Continued on Fifth page.H