The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-11-25
MANY PLAN
To BUILD HOMES
NEXT SPRll||
Homeseekers Constitute l
creasing Element in Real
ty Transactions
SHEPHERD AUCTION
WEEKS REALLY EVEME
Land Sold Fifteen Years Al
a, $1,000 a Foot Tops
Market al sos. 5O--Real q
EstIte- GoSs, ~

More people are planning homes
ri. nnono and it's suburbs than 60
before in the history OK the city. Th4<
may be numbered far UP IN the thC91
anus and 1t is a forecast worthy =
notice that the spring Of iSlz N. 4
witness the erection of more hpu90 Z
by actual home-owners than oMa
previous period. VIII
One weak spot in the wond1gfu
real estate NOV ement OF the prom4x
.ea1 has been the comparatively sunM T
number of buyers from the I1MN T
OF the men OF average income, Ma4Sl
chanics and working people gensreI
Many Of these, Of course, have b0W9l a
vacant lots during the year. NeN
year Will see them building ana G&%
nancing reasonable cost homes. Rtc1x%
mond will next year be . harvest GAA q
for the man with money to loan 31
reasonable interest rates ON first mo14S@
gage security.
! 1t II generally appreciated that IA
city OF homes - the IDEAL city Am$
the rapid increase OF home-Own9sv t
the city and suburbs 10 . cause 1oSs3
| congratulation. sS
Weeks Great Realty Event.
The great real estate event O1 49,
week, the sale at public auction 0&&
twenty nine lots belonging to tAA
Shepherd estate. In the neighborhDo4s
Of Monument avenue and the B0u1oN
ward. fixed new figures on neighhoSs
ing property and concentrated attal
ton upon the locality,
The sale. which was conduCea4
| Jointly by Golsan & Nash and 3S
Thompson Brown 4 Company. Tor J1ss
| Lane Stern, special commlau1ono9Sssa
Melted $4,000. Five lots we're aa
on Monument avenue ~ prices Eano
Ing from Slx7.50 to $1s3.60 tro1
foot When It II considered that t4k
same ground sold fifteen years Co.
at public auction at 311.so . foot, H.
wonderful enhancement OF Richsa0ll
suburban property. and especially t.
great West End. can be readily ap&
preciated
Some ten or . dozen OF the 49,
were located on the Boulevard Ax1
brought splendid prices No otAQ
lots Of the Shepherd estate will eQ
marketed at this time. The h0ldinoN
worth In the neighborhood Of 4 Aalt&S
million OF dollars.
Much Acreage Sold.
Golsan & Nash report the sale 81 Il
four Mo1umcnt avenue lots at e14@N
900. the Shepherd lot sales nakt&
property in the netghborhOod loo1 M
cheap at standing quotations. xA1#
Arm reports the sale OF = two hunSS
dred acre tract on River Road. 2
erty, at $4,000. The property NJ
be divided into large suburban Aon
sites. They report the sale Of thtG1
acres In addition thereto near WNG&
hampton to prominent RichmNM
business man. who will erect . hAn 81
some residence. He does not don11
to have his name made public at tA
time. NIL
Messrs. Green 4 Reed report Z uuro s$
Der of sales in Virginia Place. an
are gratihed at the large number e
people who are contemplating bu3t&
ing homes in this beautiful 0r
suburb. S#
The Abbey Realty Corporations p011S
port good progress in Colonial p14m
Shrubs and trees are being set AM08
III large number. and among the DMn%
chasers are many who plan to bu1hn NA
early In the future. NE
Amcs K Poindexter report that laFrS
deals are pending. hut had nothing t~#
give out at this time.
J. Thompson Brown & Co.. in ai31ks
ton to participating in The Ghnp&a&
herd lot sales, report y nice 49,
general sales. *S
ksnsinston Avenue Popular
Gtbboney Il Nuckols report Z ~
weeks trade. They sold 341 feat
kensington avenue at $4,000: nh
feet on " est Broad at 5000; 910 foG
on the boulevard, at 5000, l56 by
feet on one of the railroads. at $50
Il Floyd avenue property. near Ho6
meath road, at $500; and ~
barton Heights, at 500.
W. E. Purcell. Jr., & Co. repG
an aggregate weeks business OF IN
900. the greater part of which IA
done in the West End.
Many other agencies expressed q
opinion that the week had been q -
one, but were not In position 20 -
definite information as to deals pGl
ing.
Now Realty Corporations.
Real estate continues to be the 6H
orfte sphere of il. estment actiV
In Richmond and weekly new corr
atoms are being organized for
purpose OF handling real estate o.
ing real estate business. Yest0ey
the only two charters granted hr
State Corporation Commission war&
two real estate movements. Tia
ninsula Land Company, Inc.
granted charter With capital rnd1S
ing from $1,000 to $4,000. JOhn
Holmes, of New York City, n III
ident; n. r. Brown. Of KinKntcn
Y, Is vice-preaident. End He0rG
Lockley. of New York City. n ~
tary and treasurer. Ss$S H.
The other real estate cOrp0eNf
chartered was the River Road n
poration. Of Richmond. Va. thu q
OF which ID TO do real estate
ness. The capital II fiom 3E;AG
$4,000 The OF Gers are ven
city real estate men. H. LneaM
san. 10 president. 4 Pope NSS
Vice president; and. Willia1u ~
secretary and treasures. s
coasides Ness oeructaGi
Considerable intAseot 81 S1f IN
aroused a sthA 1epeet TT