Sherlock v. Chicago, Burlington & Quincy Railroad

Citations

• 130 Ill. 403
• 22 N.E. 844

Syllabus

<p>1. Evidence—to prove value of land—offers to sell other property at a given price. On the assessment of the compensation to be paid for city lots for railway purposes, the petitioning company called a witness, who testified that he was engaged in the real estate business in the same city, and had in charge a certain lot, which he was offering for sale at a certain price per foot: Held, that the evidence was not competent.</p> <p>2. Mere offers to sell real estate at a given price are not competent evidence of its value, or of the value of like property. The rule admitting evidence of value is confined to actual sales or acts done.</p>