The lots comprise 15,375 sqft. The sold price of the nearest property in the 5000 block of Tuckerman Street in June of this year was $83,000 for 11,349 sqft. This leaves roughly 7.31 per sqft based on this price. The equivalent value for the combined properties in question is $112, 450 approximately. This estimate obviously oversimplifies the question of building value but does work as a thumbnail snapshot. I think that we are all in agreement about the fact that all of our properties are undervalued but my estimate leaves some doubt about whether your conjecture is correct on the possibility of this being a back room deal. If it is, the town is getting the good end of this deal. <div>
<br></div><div>I think the appropriate question is whether this is in the long term interest of the town or not based on many factors outside the value of the property. </div><div><br></div><div><br><br><div class="gmail_quote">
On Wed, Oct 6, 2010 at 10:55 PM, Melissa Avery <span dir="ltr"><<a href="mailto:m.avery@rocketmail.com">m.avery@rocketmail.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex;">
<div><div style="font-family:times new roman, new york, times, serif;font-size:12pt"><div>Quote from Patch regarding the towns administrations idea of selling off one of the last remaining bits of land actually owned by Riverdale Park.</div>
<div> </div>
<div>"There will be a public hearing on Oct. 25 at 7:30 p.m. regarding whether the town should take park and planning's offer to buy the property near the old boys and girls clubhouse for $150,000."</div>
<div> </div>
<div>This should be a referendum. </div>
<div>A decision of this magnitude should not be left up to back room deals. </div>
<div> </div>
<div>$150,000 for two lots on the park?</div>
<div>Does who ever proposed this deal think it's 1975?</div>
<div> </div>
<div>Melissa<br> </div>
<div style="font-family:times new roman, new york, times, serif;font-size:12pt">
<div style="font-family:times new roman, new york, times, serif;font-size:12pt">
<div> </div></div></div></div><br>
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