Is There A Standard Adjustment For A Residential Appraisal With A New Environmental Issue With In 90

[Mike Kennedy]

KickBack "I think it's time to invite some zoning inspectors, building inspectors, and maybe even some Board of Supervisors over during the next blast?"

AND the Editor of local newspapers and magazines and local tv station reporters too.

 

[Kick Back]

Is there a standard adjustment For a residential appraisal with a new environmental issue with in 900 feet?

I have certainly enjoyed the conversation in this form and the information so far has been invaluable!
I want to say thank you again.

Could anybody tell me if this information is a valid argument and if there is any validity to it?

This is a public article that I have found in doing my research. In fact the links that are in this article I have found in numerous places on the internet. They all have to do with property values around open pit mining sites.


https://stopthequarrycascadetownshi.../25/property-values-decrease-around-a-quarry/

http://www.stopthequarry.ca/documents/US Study on the impact of pits quarries on home prices.pdf

http://conestogo-winterbourne.com/ROCKFORD QUARRY FINANCIAL IMPACTS.pdf

 

[Kick Back]

Is there a standard adjustment For a residential appraisal with a new environmental issue with in 900 feet?

I have certainly enjoyed the conversation in this form and the information so far has been invaluable!
I want to say thank you again.

Could anybody tell me if this information is a valid argument and if there is any validity to it?

This is a public article that I have found in doing my research. In fact the links that are in this article I have found in numerous places on the internet. They all have to do with property values around open pit mining sites.


https://stopthequarrycascadetownshi.../25/property-values-decrease-around-a-quarry/

http://www.stopthequarry.ca/documents/US Study on the impact of pits quarries on home prices.pdf

http://conestogo-winterbourne.com/ROCKFORD QUARRY FINANCIAL IMPACTS.pdf

 

[Michigan CG]

We have about ten quarries in my county and I can tell you for certain, no one cares. New houses are still being built within 1/5 of a mile from one and those houses sell just like ones not close to the quarry. Different parts of the country may have different outcomes but here it is not an issue.

 

[Kick Back]

We have about ten quarries in my county and I can tell you for certain, no one cares. New houses are still being built within 1/5 of a mile from one and those houses sell just like ones not close to the quarry. Different parts of the country may have different outcomes but here it is not an issue.

Michigan I respect your opinion which is why I like this forum. This is a brand new quarry and the only Quarry in the county. Had this Quarry been here before I purchase the perfect property and built dream home to raise my family and for retirement, I wouldn't have bought the property. That's just my personal preference as we all have one. I picked the property I'm on because it is peaceful quiet beautiful and safe. I never would have expected to have to listen to the constant beeping of equipment backing up, a rock Crusher 5 to 6 days a week, to hear great big huge tractor trailers, trucks and dump trucks coming in and out banging their tailgates nonstop within a short distance and view of the back of my house, to hear the siren prior to the blasting, to have my whole house vibrated and shook by blasting of explosive once a week or to even have my house full of gritty gravel dust more than the pollen I'm blessed with on a regular basis. This is definitely not my opinion of my quality of life. But then again I didn't buy property or build downtown New York, New York either, of course this is just my choice.

The question I have asked ... will there be a reduction in the value of my home and property? Are these articles, opinions and study valid in the eyes of the appraisers on this forum?

 

[Michigan CG]

Like I said, no one HERE cares. Your area may be different. All real estate is local.

 

[George Hatch]

^^ I was just going to say that.

Here's the thing about the big location factors - if it's a big enough deal in the local market to make a difference in the value or marketability - in either direction - then the local brokers will be mentioning that in their listing comments. The difference will be noticeable in the pricing and readily attributable to that issue.

comments such as
"this property is not located within earshot of the mining operations"
"This property is located outside the airport landing zone"
"This property is close to the highway but the road passes overhead so you can't hear the noise"
This property is located in the "rail quieted zone", so the trains don't sound their horns when they pass by.

etc, etc.

When nobody is talking about the issue and properties are not getting noticeably penalized for their location then it doesn't matter what some academic study (often paid for by someone who is on one side or other of a dispute) said about a similar issue that is located 1500 miles away in another state.

To be brutally honest, I usually don't even bother asking the brokers what they think about values or specifics because I don't much care what their opinions are. If I can't identify a trend in the data then the data is inconclusive.

"In God We trust. All others bring data."

 

[Meandering]

But to be fair,
Not all quarries are created equal, and much new blasting is needed for a new quarry, than one that already has access opened to the minerals they are mining.

So the comparison should not be to old quarries that have been mined for years and years, but rather for new quarries that are being opened now.

Another thing to consider is how long will it be, until the blasting subsides and you're just down to the noise and dust of the mine operating along the veins it has opened? The Department of mining should be able to give you some information on that, as much depends on what they are mining and how deep it is. We have mines, you never hear anything from them. Yet we have construction sites that rock neighborhoods.

.

 

[Terrel L. Shields]

We have red dirt farms. The roads are covered in rocky mud...bad as harvest season in sugar cane country...muck up a road real fast.

 

[Meandering]

We have sand mines,
no blasting required.
ditto slate mines
and portland cement mines.

We have cadium mines.
Ugly, toxic, dirty.
ditto
coal mines
and just rock quarries
with crushers going 24/7

.