Opinion · Massachusetts Supreme Judicial Court
Fourth National Bank v. Commonwealth
Fourth Nat’l Bank v. Commonwealth, 212 Mass. 66 (Massachusetts Supreme Judicial Court 1912)
- Type
- Opinion
- Court
- Massachusetts Supreme Judicial Court
- Jurisdiction
- Massachusetts
- Date
- 1912-05-24
- Topic
- bankruptcy
Braley, J. The petitioner’s land having been taken "in fee for the use of the public under the St. of 1909, c. 535, and a jury having been asked for and damages assessed as provided by the statute, the case is before us on the respondent’s exceptions, which were confined at the argument to alleged errors in the admission and exclusion of evidence.* The land, comprising a tract of nearly thirty acres divided into building lots, fronted on the northerly side of a public way, and the tier of lots abutting on the way, being more attractive to purchasers, would command a higher price in the market than the portions not so advantageously located, † If the measure of damages was the fair market value of the whole parcel, yet the petitioner would not have been precluded from introducing evidence of the price received from actual sales of these lots. But, *68as no sales had been made, evidence of this character was not available, and it was permitted to offer evidence of sales of lots for cash, or where the purchase1 price was payable partly in money, and the balance secured by a mortgage back from the purchaser, which abutted on the' south side of the way directly opposite the land in question. It long has been settled, that in the assessment of damages where lands are acquired by eminent domain evidence is admissible of the price received from sales of land similar in character, and situated in the vicinity, if the transactions are not so remote in point of time that a fair comparis…
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The petitioner’s land having been taken "in fee for the use of the public under the St. of 1909, c. 535, and a jury having been asked for and damages assessed as provided by the statute, the case is before us on the respondent’s exceptions, which were confined at the argument to alleged errors in the admission and exclusion of evidence.*
The land, comprising a tract of nearly thirty acres divided into building lots, fronted on the northerly side of a public way, and the tier of lots abutting on the way, being more attractive to purchasers, would command a higher price in the market than the portions not so advantageously located, † If the measure of damages was the fair market value of the whole parcel, yet the petitioner would not have been precluded from introducing evidence of the price received from actual sales of these lots. But,
The respondent in the cross-examination of a witness called by the petitioner introduced without objection the sale at public auction of a tract of eleven acres adjoining the petitioner’s land and the price received and also elicited testimony of the similarity of the tracts, and that during a period of thirty years both parcels had been unoccupied except for agricultural purposes. But with the consent of counsel, and accompanied by them, the judge took
Exceptions overruled.
The Fourth National Bank of Boston (called the petitioner) filed the petition on March 26, 1910, and alleged that it was the owner in fee simple of the land in question. Thereafter various mortgagees and claimants of interests in the land were allowed to intervene. The case was tried before Stevens, J.
In the petitioner’s plan, private streets were shown running into the interior of the tract, with building lots on both sides of them.