“Edgar County Watchdogs”
December 28, 2014
Vermilion Co., IL.
Wind Farms Cause Property Value to TANK by FIFTY SIX PERCENT in Vermilion County Illinois.
We have been witnessing a lot of issues with wind farms for the past 2 years. We are now monitoring and watching to see what happens to a property when wind turbines are constructed nearby.
This summer, APEX Wind Energy constructed a wind farm which is now owned by IKEA (the build-it-yourself furniture company).
This real life example of property value loss due to wind turbines constructed nearby is a 5.19 Acre tract of land featuring multiple outbuildings, grain bins, mature trees, nice home, and swimming pool situated on a very attractive well-maintained property. The address is 36178 N 990 East Rd, Rossville, Illinois.
This property sold approximately May 27, 2014, at $295,000 BEFORE any wind turbines were constructed.
During June/July/August/November, the landscape surrounding this home took on dramatic changes. Giant industrial wind turbines, which are known to cause sleep depriving noise and terribly uncomfortable shadow flicker, were constructed in adjacent fields, perhaps 1,500 feet away from this property.
Now, on December 21, 2014, just 6 months after selling for $295,000, this property was listed for sale at a starting asking price of $129,900.
Continue reading Wind Turbine Wind Farms Cause Property Value to TANK by FIFTY SIX PERCENT in Vermilion County Illinois