Neighbors want Latham lot to stay vacant

Tallmadge said that he was under the assumption that a house would not be built in that lot, but Poleto said it would be wrong of people to presume that nothing would be built there.

"You can't assume that a lot will be vacant for the rest of your life," he said.

The lot was bought by Robert Loftus when it was put up for public auction in 2006. While he does not actually live in the neighborhood, Loftus offered the lot to residents near the property for what he said was market value, according to Poleto. He had paid around $4,000 for the lot and was asking for a market value price between $40,000 and $60,000.

Poleto said he paid market value for the property.

"They all had an opportunity to buy it at the auction," he said. "The property value of the house went up over the years and he paid for surveys and lawyers costs. So market value is between $40,000 and $60,000."

Both Raeihle and Tallmadge said that Poleto's interest in building there is to make money at the expense of the people who live around the lot.

"The guy's interested in one thing: making money," Raeihle explained. "We might even feel differently if he was in here to try and build a house to live in. But that's not what he wants to do. He wants to make as much money from it as he can."


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