Basement Perimeter Drain
If it's not causing any damage and performing properly, why remove or disable it?
If you are nervous about potential buyers seeing the water actually come into the drain (although you shouldn't be), my only advice would be sell during a dry time (summer as you said) but MAKE SURE you note on the disclosure statement that water DOES come into the drain during the wet seasons.
These systems are usually found in homes where the naturally occuring water table is or can be higher than the depth of the foundation. The houses around your home probably have the same or similar systems installed. If the other homes in your neighborhood do not have the system, your home is at an advantage from a selling point of view. The buyer has one less critical system to install or upgrade.
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