Lally v. Central Valley Railroad
Supreme Court of Pennsylvania
Appeal, No. 281, Jan. T., 1905, by defendant, from judgment, of C. P. Luzerne Co., May T., 1902, No. 738, on verdict for plaintiff in case of Thomas Lally v. Central Valley Railroad Company. Appeal from award of jury of view. Before Lynch, P. J. At the trial several witnesses were called on behalf of the plaintiff to testify as to land values.
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Appeal, No. 281, Jan. T., 1905, by defendant, from judgment, of C. P. Luzerne Co., May T., 1902, No. 738, on verdict for plaintiff in case of Thomas Lally v. Central Valley Railroad Company. Appeal from award of jury of view. Before Lynch, P. J. At the trial several witnesses were called on behalf of the plaintiff to testify as to land values. They all testified that they were familiar with the land in question and the value of land in the neighborhood, and prices at which properties were held. Only one of the witnesses, however, testified as to an actual sale in the particular neighborhood.…
1Opinion of the Court
Per Curiam,
The market value of land even in cities is not capable of exact proof, like that of stock or the staple commodities of trade, such as flour, or sugar, or pig iron. At best it is matter of opinion not strictly of experts, but of those who are shown to be familiar with the neighborhood, the situation and availability of the particular tract, the buying and selling value as shown by such sales or transactions as have occurred under circumstances to make them fair bases for inference as to the particular matter in issue. In neighborhoods where sales are few and at long intervals it…
2Cases cited3 opinions
- Hope v. Philadelphia & Western RailroadSupreme Court of Pennsylvania · 1905
- Smith v. Pennsylvania RailroadSupreme Court of Pennsylvania · 1903
- Leiby v. Clear Spring Water Co.Supreme Court of Pennsylvania · 1903
3Cited by12 opinions
- Appeal of Pennsylvania Co. for Insurances on Lives & Granting AnnuitiesSupreme Court of Pennsylvania · 1924
- White v. Western Allegheny RailroadSupreme Court of Pennsylvania · 1909
- Chauvin v. Superior Fire InsuranceSupreme Court of Pennsylvania · 1925
- Stevenson v. East Deer TownshipSupreme Court of Pennsylvania · 1954
- Whitekettle v. New York Underwriters Ins. Co.Supreme Court of Pennsylvania · 1928
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