Buying a house in NY with an old underground oil tank leak
Looking at a house in a NY VHCOL area. Just found out there was a large underground oil tank leak decades ago (prior to most recent owners). Really nice house...I would have never guessed based on the neighborhood, no smell, etc
Records obtained show the spill was remediated, with closure letter, and case status marked as "closed" with NYS DEC.
Planning on meeting with lawyer about this, but would really appreciate outside input on those who have gone forward and still purchased the home. How did you come to this decision? Worried about the potential for lingering health impact...
Also, from a legal perspective, if the case is closed, will I assume responsibility of any issues going forward if something ends up being detected? We will do additional soil and water testing (no wells being used in this area).
What else should I be thinking of?
Lastly, what percentage can oil spills de-value a property?
Thanks in advance for your comments/input. Sincerely appreciate it.