Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-12-09
REAL ESTATE RECORD
AND COURT CALENDAR
With Approach Of Christmas Holt
days, Trading In Local Mar
ket Slumps.
LARGE DEAL ON BROAD STREET
III. s. Binswangcr, DR.. c. a. Iaben-
burg and Mrs. Russell Raab Pay
$4,000 for Store Owned by
.AnucrSonS.
YESTERDAYS SUMMARY.
THE WEEKS RECORD.

Richmond's real estate market fell OF
considerably during the irst week of
December. which ended last night. The
record OF the previous siX-day period
was way above that 80 the past week.
property in the suburbs and the city
proper. while the volume of business
last week was about half that Of the
previous period.
This slump In the market Is not sur
prising at this season. as ii Is an an
nual occurrence for the market to be
s,agnant during the winter period. The
unsettled condition of the country at
This time also caused du!lncss.
Featuring the local real estate buy
ing was the purchase OF one of tho
most valuable tracts Of land in the re-
tail district on Broad Street by II. S.
BinSwangcr. DIR. G.. y. Labenburg and
Mrs. Russell Raab from General Charles
j. Anderson and James II. Anderson.
The purchase price of the property
was $4,000. and the deal was COM
plcted by Raab & Co.
This transaction clearly shows the
increased value in local real estate.
The same property. without the inn
provcmcnts which are now erected on
it. WAS bought by the Anderson
brothers for $1,000. That was twenty
five years ago, when the Andersons first
opened their carpet firm. which retired
from business several years ago.
IIOLDEnBY SELLS PROPERTY
On EAST MAIN STREET
The lot is situated on the south line
OF Broad Street. between Second and
Third Streets. and fronts on Broad
Street twenty-sx and one-half feet,
n
AT tho present time the four-story
brick store Is occupied by the Freed
Co. The deed denotinG the sale of
the property has not Yet been placed
on record.
a. r. Holderby. Jr. and his wife and
the Richmond Realty Insurance Corpo-
ration figured in the largest individual
deal OF the week: when former sold
to the latter Il lot OF land and. i'm
provcments. known n 4lG-4lS East
Main Street, for s33, 900. This property
fronts on the north line of Main Street.
thirty-nvc and Onc-half feet, and has
depth OF siHty-four and one-half feet.
The Woodrow Apartments, one OF the
most modern apartment-houscs in the
city. located in the best part of Rich
monds residential section, were sold
during the week by Charles * Willis
and his wife to Wallace G. Saunders
''i S-p'oOV. ne property Is lOCate0
the boulevard. and is known as 213
North Boulevard.
GILMAN AND SANDS
FIGURE IN SWAP
Real estate located on Bacon Road
and Barton Avenue was sold for SIS
900. when Walter L. Wills transferred
to Irwin Balm lot OF land at the
southwest line of Bacon Road and Bar
ton Avenue. The property fronts on
Barton Avenue for sixty feet, and cX-
tends back TO a depth Of 1873 feet
W. j. Gilman and o. ]. Sands figured
in real estate swap involving prom
crty valued at $4,000. Gilman became
the owner of two lots of land having
valuation of $1,000. The first lot
is located on the north line of Cary
Street, 500 feet west Of Auburn Ave-
nue.. and has Ii frontage of sixty feet
on Cary Street. and a depth Of 1875 feet
The second lot is situated at the
northwest corner of Cary and Dooley
Streets, and has a frontage on Cary
street OF $50 feet and a depth of 1875
feet. These two lots were purchased
by Sands for $4,000 from Royal p.
.Aylett
In exchange for these lots of land
Gilman transferred to Sands a lot of
land seventy-five by 1894 feet on
the south line of Hanover Avenue,
154 % feet west of Cleveland Street,
and another ninety-nine and two-thirds
feet by 1875 feet on the north line of
Main Street. seventy-four and five
siIths feet east of Auburn Avenue a
tax valuation of $4,000 was placed
upon this property.
Building permits showed slight in
crease in volume. but the amount or
money showed decrease Of the pre-
vious period.