I’m in the process of trying to sell my mother’s house in the town of Mamaroneck, and have discovered a frustrating and expensive obstacle that many home sellers may be unaware of: the underground oil tank.
Let me take you down the nightmare trail. First, a good portion of the housing stock in Westchester is old. My mother’s house was built in the 1920s when people used coal furnaces for heat. Later they were converted to oil, and most of the time they put the oil storage tanks underground. And that was it. No one thought about the possibility that the tanks would corrode over time and leak.
Because a lot of these tanks are more than 25 years old, they do leak.
To get my mother’s house ready for sale, we were told we needed to have the outdoor tank inspected and given a clean bill of health. This is where the “fun” began.
The oil company doesn’t do the inspection we learned. You have to go to a company that exclusively does inspections. But as we found out, the inspection guys won’t do the inspection if the tank is outfitted with an old vent. The vent has to be removed and replaced with a modern vent, and only the oil company can do that.
But the oil company won’t do that unless the pipe connecting the vent to the tank is exposed. So I dug a four-foot long trench. The oil guy came and replaced the vent, which cost about $85.
Then the tank inspector came, and of course found a leak, but we won’t know how bad the leak is until we dig the thing out of the ground. Next, the state Department of Environmental Conservation was notified, and we were given 30 days to complete the tank removal.
So then we went back to the oil company and they said they’d install a 250-gallon tank in the basement and arrange for the old one to be dug out of the ground. That operation, will of course, mean destroying that new vent that was put in at a cost of $350.
The cost of the new tank and removal of the leaking tank plus permits will cost $5,000 and change. And by the way, the old tank is 1,000 gallons and still has 750 gallons of unused oil in it. There will be no credit for the oil, which will be disposed of.
OK, ready to go. Right?
Nope. Now I’ve found that I need to get yet another permit for “street entry” from the town for $100. Also, I have to secure a $1,200 bond in case of damage to the street.
What next? I’ll soon found out and will follow up on this blog. In the meantime, take this as a cautionary tale.