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Old 03-29-2016, 07:07 PM
 
Location: Texas
2,394 posts, read 3,745,291 times
Reputation: 1410

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Quote:
Originally Posted by JMagliola View Post
How much did that cost about? I'm going through the same thing as the seller and am pretty bummed that my family didn't remove this tank the moment they knew it was leaking (about 20 years ago)... even worse is that it looks like it would have been done almost free up until 2002.
We didn't know the state of our underground tank, but we took it out around some time before 2002. The reason we did it then was the state had a fund to cover remediation if it was leaking. It turned out ours wasn't leaking, but that fund got depleted fast, and after that you were on your own.
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Old 03-29-2016, 07:40 PM
 
2,596 posts, read 1,305,685 times
Reputation: 1717
Quote:
Originally Posted by HeadedWest View Post
We didn't know the state of our underground tank, but we took it out around some time before 2002. The reason we did it then was the state had a fund to cover remediation if it was leaking. It turned out ours wasn't leaking, but that fund got depleted fast, and after that you were on your own.
Yes... and here I am..on my own with a leaking tank it was 1400 to remove the tank, which isn't a big deal... it's the remediation that might put us in a no-win situation..
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Old 03-29-2016, 07:53 PM
 
Location: AZ, CT no longer
577 posts, read 491,080 times
Reputation: 1580
Ugh. A cleanup could cost 5k, 10k, 20k... or more, depending on how long it leaked, what kind of soil you have (contamination won't travel as far in clay), and where the water table is. If the tank was emptied as soon as the leak was discovered, that would reduce the amount of contamination, but if it leaked for years and stayed in use...

You can't estimate the cost without some soil boring so around the tank to find out the extent of the contamination.
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Old 03-30-2016, 04:11 PM
 
815 posts, read 839,011 times
Reputation: 516
I would suggest walking away until the tank is a non-issue. We had an accepted offer on a house where the owner ended up spending well over 70k for removal and associated clean-up (including basically removing the entire front yard). The house then had a neighborhood stigma despite being clean certified and ended up selling for 84k less than our offer, as land for a new construction.
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Old 03-30-2016, 06:25 PM
 
2,596 posts, read 1,305,685 times
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My estimate came in at a max cost of 14k... crossing fingers it stays under that!
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Old 03-30-2016, 06:50 PM
 
Location: AZ, CT no longer
577 posts, read 491,080 times
Reputation: 1580
Quote:
Originally Posted by JMagliola View Post
My estimate came in at a max cost of 14k... crossing fingers it stays under that!
Fingers crossed!
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Old 04-21-2016, 03:07 PM
 
2,596 posts, read 1,305,685 times
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Well.......what was a one day job seems to have turned into a 4 day job. Current bill appears to be 21k as of today with one day left to go (estimated +7000).

Some estimate that was! I'm a little miffed because the company I used decided to have the trucks leave the yard at 715 on the first day and they of course got stuck in traffic. They had the trucks leave at 6am the second day and got a LOT more done.
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