Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-09-09
REAL ESTATE RECORD
and COURT CALENDAR
Virginia Trust Company Buys Site
Adjoining First National
Bank.
WILL LATER ERECT NEW HOME
Building Plans Deferred Until Con.
ditions Are More Stable-Real Es-
tate Market Opens Strong for First
Week In September.
Real Estate Summary
YESTERDAYS RECORD.
THE WEEKS RECORD.

For the purpose of building n per-
manent home when conditions become
moro normal. the Virginia Trust Com
pany has just acquired the property
fronting nfty-two and one-haf feet
on East Main Street, adjoining the
First National Bank Building. 1t was
announced yesterday by Herbert w.
jackson. president Of the trust COM
pany. The property was acquired from
the First National Bank Building Cor
porntion. which purchased IT at the
time the site OF the office structure was
selected in order to guarantee light and
air facilities for the skyscraper.
No announcement OF the purchase
price was made, but in downtown busi-
ness circles 1t was reliably stated that
the consideration was $4,000. Presi-
dent jackson said that no attempt
would be made to improve the property
at this time, because OF the existing
cxorbitant prices demanded for all
building material. Definite plans for
the home OF the trust company have
not been prepared but the building.
It was stated, will not be moro than
four stories high. 1t will have solid
stone front, massive In structure ana
imposing in design.
Tho building on the property &C
quired by the trust company was for
merly used by the Chesapeake and
Ohio Railway Company for storing
records and stationery. but was gut
ted by Are last winter. Because OF
it's age, no attempt was made to re-
build to the old walls. and the prop
erty has remained in that condition.
The Virginia Trust Company is the
oldest concern doing strictly trust
business in the South. having been Or
ganized in 1892. and is backed by sew
eral of the city's leading business
men.
MARKET OPENS STRONG For
FIRST WEEK IN SEPTEMBER
The fall real estate market opened
strong during the first week, OF sep
TENDER, and there was good deal on
activity. Although the volume OF
deeds placed on record was not az
large as that OF some OF the summer
periods the amount OF money spent LOT
real estate In the city and suburbs was
larger than any period during the last
three or four weeks. The real estate
trading was featured by unusual ac-
tiyity in large lots Of land. The real
estate sales for the past week aggre-
gated 3a11,o6I against S155.s55 for the
previous week. This increase Is I'M
usual, as the number OF deeds was not
as largo as that Of the foregoing Pc
Rod.
executors Of the estate OF Henry Clay
Reattie. The estate sold to Eubank
four buildings and n lot OF land located
on the north side OF Hull Street South
Richnond, for $4,000. The land has
a frontage on Hull Street OF SIS IL feet
and extends back for depth or 155
feet In exchange for this lot OF land
the Beattie estate becomes the owner
OF a lot Of land on Mulberry Street
valued at $4,000. This lot has a
frontage of AZ feet on the east line OF
Mulberry Street and extends back for
a depth of 60 feet and is situated
179 "a feet north of Hanover Avenue
The largest transaction of the week
was made between Harry B. Baker and
his wife and Charles H. Phillips. when
the former transferred to the latter a
lot of land at the southeast corner OF
Grace and Foushee Streets for $4,000
The lot Of land has frontage Of 60 1-2
feet on the south line OF Grace Street
and extends back a depth OF $50 feet
BAKER AND PHILLIPS
TRADE VALUABLE PROPERTY
Charles II. Phillips sold to Harry
B. Baker a lot of land on Park Avenue
for $1s.500. The property has a front
age of 81 5-12 feet on the north line OF
Park Avenue and has a depth Of 7C
sig feet. Henry A. Phillips also
inquired III q laTSe Qcdl WuSu ne SOlu
to Garry B. Baker a lot OF land on
the south line Of Leonard Street for
S12,750. The property has frontage
of so feet on Leonard Street and a
depth Of 88 feet.
Seven dwellings on South Plum
Street brought a good price when Harry
A. Baker purchased them from Henry
A. Phillips for price reported to have
been $2o.500. The property has front
age on the west line of Plum Street OF
104 11-12 feet and extends back for q
known as IL. 14-A. 16. IS. 90, 90 and
PA South Plum Street.
The transaction of the Baker prop.
erty at the southeast corner of Foushee
and Grace Streets to Charles H. Phillips
was practically a swapping OF prop.
erty. Phillips paid $4,000 for the
Baker property, but gave In exchange
three houses on Park Avenue, two or
Leonard Street and the row of dwellings
on Plum Street.
Bishop D. ]. O'Connell has purchased
from Elicit NJ. Hudson property known
as IA North Laurel Street for $4,000
The land on which the property stands
has a frontage on the west line OF
Laurel Street Of 35 "a feet and extends
back depth of 155 feet.
Richmond's annual moving period Is
now at an end, and the local real estate
market is sure to be great deal more
active than was the case In the sum.
mer period from June until Septcm.
Der.