The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-01-29
REAL ESTATE AND
BUILDING NEWS
y. w. c. A. Property on
East Franklin Bought
by Restaurant M an.
@ UIET ACTIVITY
TONE OF MARKET
Few Large sales-Many Small
Ones-Iniquitous Deed Taxes
RuHling Decision in Roun-
trce-Saville Case a Starter
in Right Dir ction.
Other States Charges.

atS prevails IN the real estate realm
at least that is the wav one OF
the leading agents expressed 1; to me
yesterday j. may be said that this
agent is one OF the older men in the
business and has for many months
past, even year or more past, con-
Tended that swapping properties ana
speculatlng that Is buying to-day to
sell tomorrow, was not IN altogether
healthy thing for the general market.
and that after the specuis tive fever
winch IN days not long past was rag
Ing to some extent, abu,cd there would
be much real good and soliu business
and much buying by hone builders
and permanent investors This some !
agent tells nc this thing has about
come TO pass, and to him. and indeed
10 most Of the agents thu skies arc
looking Very bright.
snles That Were Made
1t IL now an assured fact that what
Is known as real estate money" has
looscned up IN good fashion and the
man who wants to buy a hone ana has
some OF the cash does not have to
run around and beg for loan to com
riete the job, but tho lender seeks him
q the sales for the past week were in
the main small. but there were a
Eoodiy number or them ana they total
something like $4,000 l,crhaps the
largest single sale OF the week vas
the store No. SIG l5as, Broau street,
which sale was engineered by Pol
lard q Basby DR.. J. r. Davidson was
the seller and Fl. S. Walierstein the
buyer. the price being s?5,c0n The
Charles a Rose Company sold Grove
Avenue residential propert: for sIe,-
occ. and C, l. & IL, l. Deacon sold
the ga me kind OF property on the sa me
m n A 4
the former owner. The Demons also
sold Hanover county farm, fui c. 4.
Smith for $4,000.
Y. VIC. \. SOLD Homo.
PAYNE & Corling made A yer. inter.
esting sale that Will WORK Il change
IN things around on East Franklin
street. They sold TO Preston Cobb. q
well known restaurant and lunch room
man. the property No. 709 ara I'll East
franklin Street, which has been long
owned and occupied by TIE Young
tWomcn's Christian Assocloilon the
price paid being $4,000. Is prob
able. In fact. almost ccrtai5, that Mir
Cobb Will remodel and al,nos. entire
~ rebuild the mansion and convert
~ into an up-to-date mems and wo-
mems restaurant and lunch rooms
OF course. the Young Womcn's
Christian Association, which is now
We'll fixed financially, Will Luy quarters
elsewhere or more likely bu, an cliei-
bic lot and build q modern house Tor
Inc work IL has in hand. J. Il under
stood that the assoc!a ton has options
on property already. but 50 III, as can
he learned no deal has yet brtn clos.
ed
All of the other sales TIA, went TO
make up the gratifying total for the
week We're on the small order and
spread over large space. from Full
ton. through Church Hill 10 The far
West End. the larger proportion OF the
sales being IN the Lee District and
West End regions.
In the Charming Suburbs.
There was considerable cct!yity in
the suburbs, although the real season
for selling suburban property is yet
a month off. Sales were made in Bat
terry Court. Highland Park, Norwood.
Westhampton Woodland Heights and
elsewhere.
building operations. esrecirlly in
the suburbs. continue quite active In
Ginter Park q numbc- Of ne, ~ homes
have recently been started Hotwith-
standing the recent bad weather the
houses that arc now under cnnstruc-
ton arc making rapid progress among
them being those Of r. c.. Wight, s.
j.. Lindsay, O. G.. Peers nno others a
home was started last week for Mrs
+. IT. Lyons. and 1t will be- erected
on Seminary Avenue near Westwood
The citizens of Gnter Park seem to
be determined by united action TO
make their surroundings moro and
more beautiful and to have every
necessary convenience and pro-
lection. They have recently pur-
chased a reel with 500 feet Of hose
and they expect to put up number Of
street signs. and have the par. made
generally moro attractive. Tno Gues-
ton Of paving the sidewalk along
Chamberlayne Avenue has also been
discussed. and it Is expected that sew
eral thousand feet of sidewalk will be
laid on that avenue within the next
few months
Record Taxes and Tccs.
When skirmishing around for real
estate news I ran into veritable hor
nets nest, so to speak, In the Offices
OF j. Thompson Brown. There met
several ''inqurers" and prominent In
vestors, and they were discussing the
deed tax question in all of its bear
ings. THE best news of the week that
the firm, SIS the decision of the Su-
preme Court Of Appeals confirming
the decision Of Judge j. Carter Scott
in the Rountree- Savillc case. which I
hope. Is but the beginning OF the end
OF one Of the most shameful imposI-
ttons that was ever perpetrated by a
State upon its unsuspecting citizens,
and which long suffering people
have endured without murmur. until
this last straw put on the camel's
back by tho Attorney General This
decision continued he, only lifted a
straw (the paltry sum of $D, whereas
there arc hundreds, and in some cases
thousands OF dollars daily mulcted
from men who buy homes or lots and
81, s,oeo,,1l T.. CO