3221 COVINGTON LAKE DR
Covington Lake Estates · 2.3 miles from quarry site
Long-Term Impact
| Without Quarry | With Quarry | Your Loss | |
|---|---|---|---|
| Day One | $1,613,900 | $1,479,900 | -$134,000 |
| Year 5 | $1,826,000 | $1,675,000 | -$151,000 |
| Year 10 | $2,065,900 | $1,895,000 | -$170,900 |
| Year 30 | $3,385,300 | $3,105,000 | -$280,300 |
Methodology: Continuous exponential decay (base = 0.1166 × e−d), log-linear least-squares fit to Hite et al. (2001) quarry-only anchors (14%@1 mi, 9%@2 mi, 5.5%@3 mi) at the Aboite Township median home ($288k, ACS 2023). Industry factor 1.0× applied on top for quarry + asphalt + concrete + rail loading (informed by Simons 2006). LOS +10% for unscreened view (Boyle & Kiel 2001). Estimates carry a ±% uncertainty band.
⚠ For awareness purposes only. This estimate is derived from published hedonic pricing research and is not a certified appraisal. Actual impact will vary based on site-specific conditions, market trends, and regulatory outcomes. Consult a licensed appraiser or environmental economist for legal or financial decisions.
Environmental Exposure at 2.3 Miles
- Elevated particulate matter (PM2.5/PM10) — documented at distances up to 1.5 miles from active quarries under typical wind conditions
- Heavy truck traffic on shared neighborhood roads — diesel exhaust, road wear, and safety concerns
- Noise from rail spur — loading and switching operations for the proposed rail line
- Light pollution from 24-hour industrial facility lighting
These impacts would persist for the 80–100 year operational life of the quarry. See the full research.
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