C2 The Fan
- 2 Description of Terrain
- Flat
- 3 Favorable Influences
- 4 Detrimental Influences
- 5 Inhabitants
- Better people moving out; trades people moving in
- $2,000 - $4,000
- Renters-working people
- none
- increasing: no; decreasing: no; static: yes
- 6 Buildings
- Every conceivable type of brick houses; all mixed up
- Brick
- 25 - 40
- Fair to good
- 7 History
Year Sales Values Rental Values Range Predominating % Range Predominating % 1929 level $4,000 - $50,000 100% $40 - $125 $50 - $65 100% 1933 low $45 - $55 1937 current $50 - $55
- 8 Occupancy
- 100%
- 100%
- 15%
- 9 Sales Demand
- Limited
- $4,500 would be paid for a $50 rental house
- Limited
- 10 Rental Demand
- Good
- $25 - $75
- all filled
- 11 New Construction
- none
- none
- 12 Availability of mortgage funds
- 40% of appraisal
- No building
- 13 Trend of desirability next 10-15 years
- Declining
- 14 Clarifying remarks
- This area, though seemingly most desirable, is in conversion to rental. Owners are moving west. Along Monument Avenue on both sides for 30 years has been concentrated the culture and wealth of Richmond. The peak has passed. Though this is a boulevard with a parked center and monuments to Confederate celebrities at important intersections, the offspring of these homes are moving west and 40% of reproduction cost would be hazardous in the event of acquisition. Too many three-story houses, high sellings, high hauling costs, obsolete. High reproduction costs. There are 2, 5, 12 and 20 family apartment bulidings. Hospital, churches, schools, big homes being converted to apartments.
- 15 Information for this form was obtained from