This page should re-direct you to The Effects of Open Space on Residential Property Values ,
if it does not go to http://aede.osu.edu/resources/docs/pdf/2980622B-6000-11D5-ABED00C00D014775.pdf.

Category_ID - 21
Doc_Title - The Effects of Open Space on Residential Property Values
Doc_Author - Elena G. Irwin
Doc_Number - AEDE-WP-0005-01
Doc_Start_Date - 06/13/2001
Doc_End_Date - 06/13/2002
Doc_URL_AddLocal - C:\WINNT\ACF1551.tmp
Tag_Functional - AED Econ Working Paper
Tag_SubUnit - Development Economics,Regional and Community Economics
Tag_Program - NULL
Tag_Industry - Development Finance
Tag_Misc - NULL
Tag_Resources - Land Use
Tag_Practice - Community,Development,Policy,Regional Economics

Using residential sales data from central Maryland, this paper employs a hedonic pricing model to test whether different types of open space land uses have different marginal effects on the value of neighboring residential properties. The identification problems that arise when the surrounding open space is privately owned and developable and therefore part of the residential land market are addressed using an instrumental variables estimation technique. The results show that most types of open space are valued attributes of residential location, and that different types of open space have significantly different effects on residential property values. Keywords: open space, land use, hedonic pricing model, valuation