Project Highlight – Andover Residence
Today we are highlighting a remediation project that occurred at a single family residential property. Previous owners had converted to natural gas heat from #2-fuel oil, which was stored in an underground storage tank (UST) that was likely installed in the 1950s when the house was built.
Upon the passing of the previous property owners, the family removed the tank to place the property on the market for sale. During the tank removal, numerous holes were discovered in the tank causing a release of fuel oil into the environment. By law these types of releases are reported to the Massachusetts Department of Environmental Protection (MassDEP) and an Licensed Site Professional (LSP) must be hired to oversee the clean-up of contamination. Such cleanups require soil sampling and reporting to MassDEP at a minimum, and typically require excavation of the contaminated soil and proper disposal.
This home ended up in foreclosure, partially because of the burden of the environmental cleanup cost. While in foreclosure and bank-owned, the cleanup remained unfinished for many years before being purchased by our client. Prior to purchase, Cooperstown estimated the cost required to finish the environmental cleanup, which helped our client negotiate the purchase price of the property.
This client purchased the property as an investment with full knowledge of the impact of the contamination on the property value, but without proper due diligence this type of previously existing contamination can be financially devastating. Cooperstown helped clean the site to a level of No Significant Risk. Now, instead of being an eye sore in the neighborhood, the property is now able to be renovated and support another family in the town.
Environmental contamination from heating oil tanks is an all too common problem at residential properties and many homeowners are caught unaware. If you are purchasing a home with an oil tank, or a history of heating by oil, do you know what to look for so you are not stuck with a property has been contaminated? If you own a home with an oil tank, do you know what to look for to ensure that you do not contaminate your property? Cooperstown Environmental can help you answer these questions.
Cooperstown Environmental LLC is an environmental engineering consulting firm based in Andover, Massachusetts that provides high-quality, practical, and cost-effective engineering and environmental consulting services to businesses, property owners, institutions, government agencies, and the legal community. We also are an acknowledged authority on the Brownfields Tax Credit program. The program began in 1998 as part of an effort to encourage and provide an incentive for the cleanup of contaminated sites, sometimes known as Brownfield sites, by allowing environmental costs to be recovered.