The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-05-08
A Realty Man Unbosoms
Himself to the News
paper Man in Style.
LAST MONTH WASA
RECORD BREAKER
Possibly $2,ooo,ooo Worth OF
Richmond Dirt Changed Hands.
Business Property in Active
Demand-So Also Are
Residential Sites and
Suburban Home Places.

1T will tell you one thing: The real
estate business in Richmond for the
past month or six weeks has beer,
simply enormous. OF course, the court,
records may not verify this statement,
but remember that the court records
do not always tell the whole story; in
fact, they rarely do. For instance. /
know OF a firm that has sold during
the past month a piece OF property
five times and made a good commission
every time. and yet the court records
will show only one transaction. And
then again the court records rarely
ever give the full value of trans
action. Seven times out Of ten the
record speaks OF consideration OF
one dollar. or ten dollars and other
valuable considerations The other
valuable considerations may be a
cash payment OF $4,000 or more. /
should not wonder ifsNle transactions
In Richmond and suburban realty for
the month OF April Just closed would
really foot UP 3l.5oo.o0o. possibly Sa.-
900, 600. but the records will not show
this. In the first place the records
for the month will not show all OF the
deals for April For instance. the big
transaction on Broad Street, whereby
the firm OF Straus & Gunst became
tho purchasers OF the zimmerman
property for 33o5.ooo did not get TO
record until last Friday, and two other
biz, deals that ] happen to know about
are in the Same category. In the Sec
ond place. every man who buys prop
erty as an Investment. or more proper
" speaking. who buys TO speculate
uses every possible effort to keep the
figures he paid In the dark. and ne
WIN not let the records show the
actual price paid"
Thus spoke real estate agent 10
The Times-Dispatch man YESTERDAY.
Tho probability Is that he Is dead
right. for the best information OBJ
.ainable leads to tho conclusion thai
April was indeed record ereaker IN
the matter OF real estate TRANSACTIONS
A Rccord-Brenker, Indeed.
In this connection. Mr.. James D.
pollard, of the firm OF Pollard Bag
BIZ: told me yesterday that the DOORS
of that concern showed that they sou
in April si54.a5o worth o. Iea..s
."This," declared Mr.. Pollard. "hits .ie
hieh-water mark for any month M ~.
history of our agency ana as ioI w
,of a
,ya,er mark for any other agency IN .ne
,,;story NJ Richmond" Continuing, MT.
po,,.rd said his firm sold in February.
1one .ome,hing over $4,000 worth OF
,,ronarty which was record marx up
a. tba, time, but that was Jus, az
tS,,a when Lee District was on lts
h,-hest boom, and they We're hanonhs
vast deal Of property IN that ols-
+r,ct hut these April doings were NOR
a. ,he nature Of general business w.
+.rritory covered being circumstance
sn,, nv the city and suburban limits
erd no, confined to any particular ~
ea'1tv OF course. the big zimmerman
c.raus.Guust transaction, which "as
sarrsd ont by Pollard & Bagpy'
t,gnred In this big months business
va ran the figures UP accordingly
Other Big Deals.
An interesting transacuoh VI ~.
let wrek. which has not yet oeen en-
tdrslv perfected, was the pract1cal sag
=, .b,rtv-nine acres OF suburban prop
80. IN the Broad Street Road. begin
49, a., a point Just 1000 feet IRON,
49, ,sw CITY limits. 1t Is understooo
~. ~ mat syndicate which has signed
~ for this property, paid Ss5,ooo Ior
e. and will proceed at once 10 oeveioH
a. makinc it new suburban seleie-
1nent. ..,.L .aw mar.
t;c,,lars could be obtalneo, VIZ s,d I,
sineered by Richeson q crueciii'et -. :
involved business prope erEtb o., The con-
s s,iaar,tinn being something close 10
snonoo The name of the purchaser -
,Ht1hheid until the documents get '"
record. rat,,n 81 Co
nm old concern, enlarged Win M .lse cat al
iinn made deal during the pas:
Week that means much In ne way =,
residential development. They sola ~
Henri Solomon nearly a Wnole pto ~,
~ vacant land on Harrison street, pc
tween Beverly and Wallace Streets cts, ! to OF
Ihat Mr. Solomon has already con
1racted for the building OF number
of residences for rent on sthls prop
II, L. and G. I. Demon report gr : ! !
diliret,t inquiry. for much more Of feet
on itfe great white way than is fot
sale, During the past Week thes
sold two pieces Of Broad Street prop
erty. aggregating so0.0oo a,u,,a
the Week in the business and residen-
tia1 sections OF Richmond proper ~
as a general rule the agents are T 8
cent and SLOW TO give out particulars
The suburbs have been active, toi
there never was a prettier week y
which to show suburban property u
advantage However, the suburban
proposition is treated OF In other col.
nmns this week. and at considerable
length
OF the week was made by Golsan 6
Nash, who sold to the College Terrace
Company. new, corporation, sixty
five acres on the Three Chop Road, ad
Joining the Richmond College PROPERTY
for $4,000 cash. The College Terrace
Company proposes to get into the su
burban swim. and as soon as they cal
utilize the civil engineer CORPS anc
tho landscape artists they will be put
ting suburban lots on the market.
Golsan & Nash also sold TO the West
hampton DEVELOPMENT Company TIL,
property heretofore known as TIL,
4 LowrY. tract. containing fifty acres, fo'