Every evening, Wilmington daily commercial. (Wilmington, Del.) 1878-1928, 1922-03-03
COMPLETING UNION PARK
GARDEN SALE LIST
K Will be Made Public When
Approved by the Gov
eminent.

The entire Union Park Gardens, In
Guiding buildings and building lots,
we're sold for $l.b73.23l, or S2I6 less
than the amount first specified by the
United States shipping Board. Emer-
xency Fleet Corporation. Not until
this morning were members OF the
0erths Realty Experts. who auctioned
of the property. able to ascertain the
actual total.
Although all sales Of the property
made under plan "" were approved
yesterday by the shipping Board, an
official list Of the actual purchasers
will not be forthcoming until approved
by the United states Shipping Board.
Charles :. Gerth, chief executive of
the Gerth's Realty Experts. today de-
c,ared that IN all probability he would
submit his official report TO the gov
eminent either late today or tomorrow.
This list. when approved by the Ship
ping Board. will be returned 20 the
Gerth agency I'm this city. The ap-
proved list will then be made public.
Edward Kramer. a representative Of
the shipping Board. today stated that
81 will be about thirty DAYS before
the deeds for the properties sold will
be ready for delivery. Yesterday AZ
ternOon Mr.. Kramer visited the Gar
dens. AZ the result OF his inspection.
he said. he found that the sale had
met with the approval Of practically
every tenant
Pending the transfers OF titles 70
the new owners OF the properties. the
shipping Board. with offices at Union
Park Gardens. will continue TO re-
ccivc rents from tenants. make needed
repairs and conduct the Gardens tract
tn the same manner "a Il has been
operated prior 10 the sale.
last night the Gerth organization.
comprising a large corps of account
ants and clerks worked practically
all night in an effort 20 complete the
list
The Gerth's Realty Experts will re-
main IN this city until the early par;
~ next week. During this time. It
was stated IL is hoped that the official
and approved lists will have been re-
Iurned from washinston.
MAY Reduce Assessment.
Members OF the Board or Assessors
have been very busy this week. check
ing up the prices obtained in the sale
OF the homes az Union Park Gardens
and comparing the figures with Tho
values at which the houses have beer
assessed. II is expected that within
a few days officials Will be able 10 max,
some definite announcement relativ,
90 whatever changes they may fint
necessary in valuations,
As a whole the auction prices wer,
about half million dollars less thar
the assessed valuation for the realty
This does not mean that the assess
ment will be reduced half million
dollars AS a matter Of fact, II is be
neved that the reduction In valuation
VIII be about half that sum. Even thi
would mean a loss 10 the city OF ap
proximately $4,000 a year IN taxes
The auction developed the usual cd
dities. Some homes in the middle o
a block sold for a higher price thar
corner houses. one purchaser Of home
for others bid only on corner houses
and he got many OF them.
Some % the houses sold above thei
value. but the great majority wer
lower than they had been assesse
al. There are many details 70 be take
into consideration and the valuation
suit In appeals being taken.