11/01/88 - Laserfiche WebLink

Home

neighborhoods "near" landfills (at a distance of less than one mile) were found to rise more rapidly than prices of homes "far from" landfills (at a distance of more than 2 miles from a site); in others, the reverse was true. Ambiguity may have been a result of small sample size, failure to be precise about definitions of distance from the sites, failure to use smaller units for distance, or the decision made by the authors to consider neighborhoods as units of study instead of houses as units of study. It may have been that the comparative units (neighborhoods) had insufficient similarity and differences were not controlled for in the study. In order to avoid as much as possible the ambiguities of the Callaway and Price results, discrete distances expressed in units of .05 miles rather than neighborhoods are being used. Five zones (0-~ miles; ¼-½ mile; ½-1½ miles; 1½ to 3 miles; 3-5 miles) are also being used. A comparison will then be made of the average price change per month between the first and second sale of the same home. In this EIS research, homes have been identified in the Andover, Oak Grove, and Ramsey site areas which were sold in the period 1980-1986. Previous sales records are being examined for these properties from public files for the period 1975-1987. Comparisons are being made for a sample of 564 homes at varying distances from the proposed landfill sites. This is less than one-third of the overall sales, as shown in Table 3. 3. Research Procedure in the Hedonic Value Approach The procedural steps which are being followed in the development of the residential real estate data base are as follows: 1 ) Conduct landfill visibility survey for overall areas. 2) Select entries and copy data from MLS sold books. The variables included address/street, month/year, price, age, style, foundation size, fireplaces, and possiblylot size, trees, and additional features. 3) Map properties on county plat maps to determine the following variables: zone, section/quarter-quarter, probable view from house, and travel road, travel distances, and lot size. Cross reference data entries to County Property Reports by address.· Verify and update (if necessary) PIN number, age, foundation size.