I can tell you from being a homeowner, buyer, seller, renter and agent that gas stoves in the basement are gerenally illegal. it is a housing violation, if reported you can even get fined. I once sold my own house with a stove in the basement - the condition has to be corrected for the bank to lend.
My understanding is that as long as the asbestos is not disturbed (i.e. cut, scraped, moved, etc.) it shouldn't be a problem to the homes residents.
You can sell your home 'as is', but just make sure to disclose this to your buyers (anyone buying a home that is almost 100yrs old will probably be understanding).
I would also get a couple of quotes from certified asbestos remediation companies for removing the asbestos, that way if there is an issue, you can then decide how you want to proceed (having it removed, maybe a credit to the buyer & let them do it, or waiting for a buyer that will accept it) based on your offers.
Good luck & have a great day!
As for the asbestos being incapsulated- usually the cost is almost the same as if you had it removed.
Terry K 718-614-3167 cell
I am just trying to verify removing the stove. I live in another state, and am not familiar with this law....if it's really a law, where can I find it?