Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-11-07
SALE OF LOTS PRESAGES
SPRING BUILDING BOOM
Heal Estate Men Have Faith In
Richmond Realty and Prepare
for Annual Rush.
FAIRFIELD PROPERTY READY
Village Taken Over by Railway
Company Is Ready to Be Placed
on Market-OfYcr Many Pretty
Homes and Factory Sites.

Unlimited faith in real estate In
Richmond and the continued heavy
Investments being made In vacant
lots and building site property pres
ages building boom next spring
greater than ever before in the his
tory of tho city. according to state
ncnts OF well informed agents here
yesterday.
Several investors have instructed
agents through whom they do bust
rcss to keep Il sharp lookout for
desirable building sites and good
un!mproved property in the popular
sce,ions OF the city. It Is said. Fac
Tory sites also nave been In demand
turing the past few weeks. although
no deals OF any size in this kind of
property have been recorded in the
past few weeks. Several are knowg
{, be pending.
Suburban property, which is the
most reliable gunge on tho situation.
has continued to sell. although not
az briskly as usual. Much of the
Dy realty men who arc in touch with
tho situation to the fact that less
property is offered for sale on pay
mcnts and the tightness OF money.
which causes the agent to demand
larger payment on his property than
was true In former times.
Prepare for spring Hush.
Another optimistic view OF the
present realty situation is the cheer
;ul aspect with which the agents
themselves view II. Instead OF slow
ing up their efforts. practically all
az tnrm are taking advantage OF
the lul. to prepare for the expected
boom In the spring.
one OF the most attractive offers
which now Is being made TO sttmu-
late the own your own home" move
~ the announcement OF Carrot and
company that the Village of Fair
held. on the Richmond Fairfield
hallway. now Is ready for sale.
Purchased by the Fairfield Rail-
way Company. headed By Oliver j.
sands. president OF the American Ma
tlonal Bank, the village orfers an cx-
c-ptional opportunity 20 the home
Lu!lder OF any suburban property
within easy reach OF the city. The
Village cost the road $4,000. accord
ing to authentic information. and
improvements which are being made
VIII cost mulch more. All OF the
ZONES are Ideally built and situated.
All improvements Made.
Sewerage, light and water were
installed in all OF the homes b. the
United States Housing Corporation
when the Seven Pines Ordnance
Depot was operating during the
world war. Many OF the houses were
left unfinished by the government.
hut have been placed In the best of
condition by their new owners. They
are all new.
Several small factory sites also are
offered by the company. as shipping
facilities arc OF tho best. and the
Chesapeake and Ohio and the South
crn Railway both are convenient.
The property Is located within a few
minutes car ride OF the heart OF the
city.
Among property transfers recorded
during the week are included the
transfer NJ property known as 27o1
Chaffin Street by the Virginia Hous-
ing Corporation to j.. L. Mears. The
consideration was $4,000.
l.. Thornton also transferred to H.
ID. Lefford property known as 32l1
Monument Avenue. The real estate
in question consisted OF a piece of
ground % to 1870 and the price was,
$1,000.
Lewis NJ .owardin sold TO Jennie
Legec for $4,000 property at 1922 Eas,
Main Street
.The Virginia Machinery & We'll
Company has closed a contract for
the construction at Red Springs. n.
c.. of an electric light and water
system. Exact cost OF the work has
not been divulged, but the contract
is said TO be large one Mayor
Ernest Graham. of Red Springs, has
charge OF the details.