A new report has identified the locations of more than 300 natural gas underground storage facilities with a 10-mile radius of homes and apartments across the country, according to a release from RealtyTrac.com and its website www.homedisclosure.com.
One such facility – in Aliso Canyon in Porter Ranch, California – became national news in October 2015 when it began leaking methane gas into the air, causing over 2,500 families in the Porter Ranch neighborhood of Los Angeles County, California to evacuate their homes.
Many residents reported illnesses believed to be caused by the exposure of the excess levels of methane gas in the air, reportedly up to a 10-mile radius of the Aliso Canyon facility. Consumers can now use HomeDisclosure.com to find out if a home they're interested in buying or renting is near any one of these facilities, according to the company.
300 underground storage facilities
Michael Sawtell of RealtyTrac.com
"There are more than 300 underground storage facilities across the country, many of which are near populated areas," Michael Sawtell, executive vice president and general manager at RealtyTrac.com said in the release. "Of course most will never suffer a leak or will ever have an issue, but our feedback indicated the home buying public was very interested if a property that they live in or were looking to purchase was located anywhere near such a facility. The HomeDisclosure report will identify all properties within a 10-mile radius of the 300-plus underground storage tanks across the country."
HomeDisclosure.com is a pre-diligence website recently launched by RealtyTrac that enables the real estate industry and consumers to conduct due diligence on a property early in the process of buying, selling or renting a home or apartment. Its popularity has taken off since its Jan. 26 beta launch, generating more than 85,000 reports for 37,000 users across the country.
Information before renting or buying
"Consumers want as much information as possible before buying or renting a home," Sawtell said in the release. "Home buyers are no longer satisfied just getting disclosure information at closing of the property. If consumers want to research the history of a $30,000 car, they will all the more want to research the history of a $300,000 home and the neighborhood where it is located – opening a niche for a comprehensive property and neighborhood report like HomeDisclosure.com."
In addition to the new underground natural gas storage facilities, the HomeDisclosure.com report also provides over 42 categories of home and neighborhood data – including addresses of nearby registered offenders and former meth labs, natural hazard risks, environmental hazard risks, crime ratings, school test scores, median income andmore hyper-local data.
RealtyTrac built Home Disclosure from the ground up using public record real estate data (sales deed, mortgage, tax and foreclosure data), along with neighborhood risk data.