Oil tank leaks and potential environmental hazards

[David Beltz]

I am looking at a duplex in Chambersburg, PA that has several major issues. The home inspector noticed the sump in the basement (which is just a chiseled out hole) had still water with an orange tint to it. The current owner’s have the pump unplugged, which seemed strange because there is a problem rain water flowing into the basement. He investigated further and found that the oil tank, while unused, was damp on the bottom and the old oil was leaking out. From there, it seemed that the rain water would carry it to the sump, and the pump, if operational, would empty it into the yard. I am very hesitant to pursue this deal any further, as it will be our first investment property. Digging through the forums, I have found similar issues where underground oil tanks were leaking directly into the ground. There seemed to be a general consensus that the EPA would get involved and this would escalate into a nightmare.

Anyone have any thoughts on the matter?

Thanks!

[John Warren]

@David Beltz I would run, not walk away. Oil tanks can easily cost 6-8k to remove if they are buried, and then you have the environmental cleanup...