The Birmingham age-herald., 1924-09-07

This property, admitted for years to offer exceptional possibilities for resi- dentlal development, was sold to east ern capitalists and Birmingham asso- ciates at a price near $125,00O. The acreage will be sub-divided and the lots improved at a cost of S50,00O, it has been announced The deal was handled through William H. Tharpe and com pany.
 second outstanding event of the day was the report of sales by the E. k. McDavid, Jr., Real Estate and In- surance company, which, varying from residential to business property, to- tailed $140,000. This firm, a compar- atively new one, is rapidly beginning to take commanding position in the real estate field.
 Big Deal On Third
 Downtown property sold by McDa- vid included, as me most important. the southwest corner of Third avenue and Twenty-fourth street which went at figure near $47, 500. The property holds a two-story brick business black and residence, measuring 5Ox1OO feet. It was sold by H. l.. Anderton to Dr. D. c. Donald.
 
 was the southwest corner of Eleventh avenue and Thirteenth street, a trian- gular plot running 67x111x147 feet. This site, containing three brick stores. was purchased by W. +. Martin, of Coal City, from Dr. D. c. Donald at 1,5OO. The company also reported practically consummating the sale of q piece on Third avenue near Twenty fifth street, with 50-foot frontage for $20,000.
 A Fourth avenue site handled by the company was a 150-fOot piece between Sixth and Seventh streets. This sold for $7,75O from J. E. Cain to W, H. Singley.
 Northeast Active
 Other deals in the market stressed important activity in the section to the northeast of the present business dis trlct where there are a number of building developments in progress. Mark Hodo, of the Smith-Throckmor ton-Schultz Realty company, one of the leading students of this section. turned two sales in the neipbborbood for around $50,0OO.
 One of these witnessed a change in ownership of property at 24O9 Fifth avenue, a 50x140 foot lot improved bv a residence. This was bought by Joseph Patterson from NJ. E. Meldin of Chattanooga.
 A second of Hodo's deals WAS tbe sale of three residences at 2412-16 Fifth avenue for $25,00O from William ONeill to l.. o. Weir. Measurements or this property are 50x14O feet,
 IheMcCary-Farley-Plummer Real Estate and Insurance company, another tlrm which has enjoyed considerable popularity ln the active market, re- ported the sale of 50-foot piece at z42I Fifth avenue for S25, 900 in com Junction with the Haggard Real Estate agency. C. H. Abbott purchased this property from Mary Pearce.
 Another Corner Goes
 One of the other corners of conse- quence which was turned during the udy tradlng was vacant lot at Ave nue U and Eleventh street. Price on thIs property was reported at $8,5OO. It was wa sold by <. E. Gillespie, ct al., to Dr. Il. A. Elkourie with Walter Mur- doch, of the Smith -Throckmorton. fer. ''ie ''""S-
 Property at 2121 Sixteenth street south, was sold as one of the features of the residential property market, Tbis was bought by Mary E. Pearce from .; Il. Abbott at figure near SIG, GOO. inc deal was made through the Me Cary Farley-Plummer and HaernrJ agencies.
 Statement of the McDavid eompopv 1lnds homes moving at pace well on n plane with other properties. They re- port around $35, 900 worth of residences sold this week and $3O,OOO of lots in their subdivision at University Heights.
 Small Plant Sold
 One of the smaller deals swung bv this firm was the sale of the AGoley Construction companys plant at Teln- lah street on the A. B. & A. railroad to the Alabama Power company. This sale was declared to be distinct bar. gain, going at $3,500. The power com pany will use the plant for the mann. lacture or barrels and boxes, it is said.
 MCLURE ENTERS REALTY.