Use of Somers System for Appraisal of Railroad Land Sites

Cover Use of Somers System for Appraisal of Railroad Land Sites
Use of Somers System for Appraisal of Railroad Land Sites
Walter William Pollock
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The decrease in values on Filbert Street is even more marked. From a desirable retail and transient hotel location, now somewhat impaired by the beginning of a parkway, it rapidly becomes a second-rate business and lodg- ing house district. The railroad has acquired many of the properties in this section of Filbert Street and the cross streets. Values have been stationary for several years, and some owners have been glad to dispose of their holdings at low prices.
West of Fifteenth Street the v
...alues of the cross streets are invariably less than the value of Market Street, and more than that of Filbert Street at the points of intersection. There is not a constant ratio, but it approximates one-third to one-half.
The values of frontages on the Schuylkill River and the Baltimore & Ohio Railroad north of Market Street are somewhat uncertain. There is little active —12— *********+****-H^^ PROPERTY OF THE PENNS: BETWEEN BROAD STREET AMO 3 MOWING METHOD Or CAL 200 o O c !?1 o n i r appr: MANUFACTURERS' APPRAI5A BY THE 50MER3 UNIT J UN MAP OF BROAD STREET STATION OF PENNSYLVANIA RAILROAD IN PHILADELPHIA.


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