Thank you for your quick reply!
The recent parging had me a little worried too. However, the entire home was recently rehabbed (previous owners only took so-so care of it). Since they replaced all the plumbing/wiring/equipment in the basement, they said that they wanted to have it match the rest of the house.
We are actually at the top of a hill. The steepest part of the hill drops off about 35 yards behind the edge of the property at a high grade and at the bottom is a small stream. I am hoping that with some outdoor modifications, I can reroute most of the water in that direction.
I guess my major question is how important is it to drain the water that could be within the walls? If I decrease the amount of water that is draining near the foundation, will the water within the walls decrease on its own?