The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-04-13
TONE Of REAL
ESTATE MARKET
IS IMPROVING
While Not Decidedly Active by
Amy Means, Agents Are
Optimistic
--~
OUTLOOK IS GOOD
BUT MONEY TIGHT
Some Interesting Single Trans
fers Made and Much in the
Wind---All Report
Good Inquiries

While the past week has not been
one of notable activity In real estate
circles, IN that while some Of the
agents turned over some good deals
and a good weeks business in small
stuff, 4 number Of them--quite a
number-did nothing 70 speak of it
was not inactive by any means, and. In
spots there were transfers of real
interest.
All Of the real estate men are OPP
timistic over the outlook. saying that
inquiries are good, but most of them
agree that money is tight. and hold
this fact up as handicap to bigger
and better business. One agent said
he went to a bank with $50 900 in
real estate security on which he de-
sired a loan of $4,000 and was turn
ed down A little loosening up Of
ready cash and the adjustment Of
the mortgage tax, they point out.
would result in greatly increased ac-
tivity.
Interesting Transfers.
People Interested in real estate like
10 read Of notable single transfers of
residence or business property either
and there were several of these the
past week The handsome residence
OF S. Bendheim, No. 22l3 Monument
avenue, was sold the other day TO l.
J. MarCuse. the consideration being
$4,000 Raab & Co. we're the agents
in the transfer. and the same agents
sold q group of small stores on East
Main street. which represented the
passing Of $4,000 in cold cash.
The fine home. No. eli West Grace
street, was sold TO a gentleman from
South Carolina. who has just moved
to Richmond. by Gihboney & Nuchols.
The price was SIT. 500, and the new
conner viii make extensive improve
ments.
invest In West End lots.
+. Thompson Brown s. Company
sold seventy-fiye lots in one bunch
TO a group OF investors who will add
it to other holdings In the southwest
section and develop ii. The names Of
the gentlemen interested, and loca-
ton of the property is withheld for the
present. This firm also sold lot
fronting 101 feet on Monument ave-
nue. TO William Ashby Jones, and IL
is understood that Mr. Jones intends
to at once erect residence thereon
which will comport with the other
fine homes on that beautiful thorough
fare.
Brown & Company also disposed Of
a number Of vacant lots in the rail
road valley" section TO spectators
who foresee the great possibilities
there II the recommendation of the
city engineer as regards the opening
up or Fifteenth street. and the i'm
provement Of Shockoe creek are car
ried ont. The proposed improve
ments will transform an unsightiy and
unattractive section into valuable
manufacturing and warehouse sites.
With the Chesapeake and Ohio on one
side and the Seaboard Air Line on
the other. the valley Is the most at
tractive section around Richmond for
these purposes.
Coming Auction Sales.
T r Schmidt & Company report
the sale of property on Clayborn and
Grace streets; Jackson ward and
Highland Park amounting to 100000.
On Wednesday next they will sell at
public auction the desirable suburban
residence. No. sol York street, Bar
ton Heights.
Green Il Redd will have an inter
esting auction sale on Wednesday
week. April 23d. at which time they
will offer the nine remaining vacant
lots on the south end of West ave-
nue.. That street. which is one of the
most attractive and desirable in the
West End, is built now with pretty
Continued on Second Page>