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One deciding factor could be your insurance. Check with your agent and see what he/she says your insurance would be and any advice they have. You could check with your lender as well. Where it's good to live near a fire hydrant...maybe not so good with your pipeline.
I see you say the gas line doesn't cross the property.
It seems like it's all underground with an improved wider pipe and with the yellow post indicators of the buried pipe.
I lived on a street where I knew the first house on the street. And in front of that house was the gas hookup that the owners were worried about since it was said to be the more serious place for a car not to hit or the area would blow up. It was a metal box above ground. It was about 3' tall, about maybe over a foot wide and a foot deep. It was surrounded with serious metal piping on the corners and in metal pipe circle around it. The idea being any vehicle would be stopped before reaching the actual box. It was said if that box got hit the effect would run down the pipeline down the block and the street would blow up. Who knows.
No one ever came near it but the neighbors weren't crazy about it. It, too, was not on their property but near the curb.
I think you said you weren't worried about an explosion. Then what are you worried about?
If one is asking about something being an issue, you know other buyers will ask the same thing thus for resale value I say walk away.
This^^^. Walk away from this property. My first concern would be safety, but my second concern would be resale. This is exactly why the house has been on the market 6 months as no one willingly wants to live next to a major gas line. When you go to sell the house you can expect it to take much longer to sell than other homes in your area and you can expect it to sell for much much less than comparable homes not near a gas line. I would walk away even if this house was half the cost of other comparables in the area. I assume the only reason you're considering this house is that it's much cheaper than other comparable houses?
The only way I would maybe consider buying a property with a major gas line running on/next to it is if the property was enough acres so that the house could be at least 1/2 mile away from the gas line. And even then the property would have to be significantly discounted for me to even consider it.
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