The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-11-03
GREAT PROBLEM SOLVED
BY WASHINGTON TERRACE
Here the Workingman May Buy His Own Home and Pay
for it on the Instament Plan--Propery Long in Ltgs
ton Be Opened for Development-Effect OF Campaign
Still Visible Evident in Local Real Estate Market

GLIDING electricity. water. gas aA4
sewerage, and a recent appropriations
of $1,000 ensure means that work ~
tn begin at once on street improve
ment- Owing to its elevation ana.
convenient accessibility It 10 only
and on the car Iine-the property
offers ideal home sites and promises
to be rapidly developed. In fact On
the probability of the early release
from litigation, Golsan & Nash. who
are handling the property, have al~s
ready opposed Of $4,000 worth ~
Ints.
Another--and to the wage-sarnog;
the most interesting feature OF tht1S
Washington Terrace development 49,
and so q plan entirely new to Rict-s
mond. Is the proposition Of the do
velopers to build homes for thoSe whDs
buy lots which the home seekers may
pay for on the instalment plan. TIE
promoters will build Gle homes ae~s
cording to the plans OF the buyers ~
provide the plans, IL the purchassrDs
desires IL, erect the home and turn
1t over to the home seeker. who may.
occupy 1t when completed and pay
for II on easy terms--terms that arr
less than average rental prices, ana
the beauty OF 1t IL that In q feW
years the home-seeker has home -
his own to show for the money sxsss
pended OF . bundle Of rent recetpt1
instead.
Business Not Booming.
While business IN real estate C3Is5
cles the past week has been SnyN
thing but dull, the effect OF q pre9t@
de Ltiai campaign is still in evfdAucq
with no hope of betterment tire ct.u1s
ing week, but with bright yrospec1m
OF a great revival tire week follow.
ing, after Wilson Is elected, 81
things quiet down to normal con0ts
+ tn ns 1t s'reaffy funny ttEnt tina pFU1sf
emit campaign should have any c:reee
on Richmond real estate--everybody
knows or thinks he knows--which r
all the same, that Woodrow WilADn
will be the next president. and ~ y
result OF that confidence business
generally has been better til thin
am3aign than during any cans
paign within the memory Of the
oldest inhabitant." Yet real estate
agents frankly admit that Soma
really interesting deals are held ~
pending the formal and official an
nouncement Of the verdict, and some
Of those who hesitate are believing
and hoping that Wilson will be the
next president Funny. isn't it,
Despite the campaign dullness same
OF the real estate men enjoyed =
good week, but the recapitulation cE
the week would be really interests
ing, but for this campaign notion.
for that's all 1t is. For instance, Col
san Il Nash have a big deal hung
UP and so have W. NJ. Miller 4 Co..
and the details cannot be published
because the interested parties want
to wait until after the elections.
Foolish, isn't Il?
Some Good Sales.
Gofsan & Nash had good M~6E
outside Of pending propositions. They
disposed Of lots aggregating $10.n0D
in Washington Terrace and f:lrn lm
Goochland county that brought sir
900. @
Bowles & Jones. too, turned OVop
some interesting and profitahla deaja
They report the sale of four bs4n
at Sixth and Stockton streets u 6. ~
r.. Sprenkie for &12,500: two 11I
Thirteenth street to c. B.. 0arrsQ
for $500; No. 10 r atraef ~ M
r. Robbins for $e,seo, and : No.
on Twenty-eiGhth etrest fof 43S1&G
Incidentally ther taYnad ever O.
Stuart avenue homA M the 4x&&
block twice, the second time tn 81
s. Galeski for $9.z00. IN,
Gibboney n NuckOls weren't ea1s y
planning either. Thsy dIspoead & 49,
worth 5000 III Greetse Alditfngi: T.
Barton Heights ho1nA Sur s3.440: n
home on North Thifd sereet far IN.
zoo. and 100 feet on Grove avemt
for $500.