The Bridgeport evening farmer., 1913-02-11
NO MONEY IN
MAIN ST. REALTY
Continued from First Page1


Assessor Lawrence J. Gill, at his ell
bow. answered: THAT matter was en-
tirely between the city engineer and
the Budau heirs.
a front foot, instead of $2,75O, was
fair valuation for the corner: The
J years. said Mr.. Boardman, The
new assessment would allow an in
come of less than per cent. from the
property and would also mean that
| the estate would lose it's largest ten
| ants because of the necessary increase
/ in rental. The appraisal of this prop
( ertv has been raised 100 per, cent. in
six years. In comparison with rates
/ obtaining for similar properties in
other cities. I think the assessment is
| DR.. Budau was asked by Capt. Lewis
what value he placed On the property
The doctor said he wasn't prepared to
sell the land. The doctor said the
property wouldn't be sold, because of
sentimental and personal reasons
! David N. Armstrong who owns the
southeast corner Of Main street and
Gold street, said his property former
creased assessment would be a hard
ship" he said. 1.-THE tenants are pay
ing as high rental as they can afford,
and yearly give seven months reve-
nue. to the city for taxes. etc.
Would you sell your property TOT On,
the present assessment ($78.0329 p
T would not sell at any price, for
personal reasons" said Mr.. Arm
strong.
t.Were you recently offered 100000
for it?''
YES. on the street, but I did not
consider it a bona hde offer, as have
not since heard from the man who
suggested that price" said the own
er.
He said he thought the property was
worth $4,000, but he wouldn't sell Tor
Isaac Moss, owning the property on
the opposite corner, asked a reduction
the building on the property was an
old structure out of repairs, and 81, GOO
was q fair valuation for it. The build
, ing Is assessed at 1000,
Judge Patrick Kane, owning the
property at 1886 Main street, said that,
having owned the piece for 35 years,
he felt capable of Judging its value
This property brings a revenue Of
$3.50 a month"; said the judge. The
tenants are paying all they can afford.
in n9 that n block, to my knowledge, that
ever brought s7eo front foot, While
it is now assessed at $500 = front foot
at So, $780,. is worth about a third of
that sum-
ssWhat do you consider a fair value
/ for the property?'' asked Thomas F.
7 can tell you that the Judge an
! a<ered. 'I carried one building at
| !
possibility of better things in the fu-
rure, ann I compelled to set a price
on it. SO that someone else may get
the benefits for which I've struggled
stwa1i YOU tell what your idea of a
| fair price is?'' asked Mr.. Poland
About 800 q front foot" was the
''You Wouldn't sell for that?'' he shot
back
Now. see here" said the Judge, ''1
the time it was a cabbage patch to
what It Is > now: Have 7 got TO set a q
be a possibility of it finally proving
worth som ethtng as an investment"
rsu uF Who a owns L. i6a4-inss Main
street, said the assessn er9ts were too
high on that property He told the
board ne would furnish them with
specific data showing Just what the
revenue from the investment is.
George Berger, who owns the Caesar
Misch corner. asked a reduction of
$6,772- 50 from the assessors value OF
$57, 40.
'@rhis property has been raised hf-
stand it." said Mr.. Berger. I believe
the property is worth $1,000 a. front
foot, but we will accept 1900 as a
compromise to the assessors $1,000 a
foot.'
In reply to a question, Mr.. Berger
said he didn't remember what he paid
| Tor the property he fSd1d. tneTe was
a private mortgage against his hold
ings.
what rent do you get for the
placer" he was asked.
| ct couldn't say that said Mr.. Ber-
ger. ssAnd anyway. I was told recent
ly by the Relief board chat rents did
not count. in figuring up a property
| assessment
} s'The Contention has been made IS
said MT. Poland, that this is a ground
floor city, so far as Main is concern
: ed. We want information regarding
rents, ETC., not to pry into your per-
! sona1 affairs, but to give you every
benefit and consideration that is
! righffuliy you're"
Mr.. Berger said he'd send the board
: a. statement of revenues from the
) property
J. H. s. Jones. representing Mary E.
Jones and Sarah Burroughs, who own