Just a simple question. If you were looking to purchase hunting land with a house on it, would you have any qualms about it buying if you knew that there was an underground mine running through the property & under the house?
Is it safe to assume that the mineral rights have been severed, and that the coal mine 300' below your feet will not belong to you? If so, then you would be standing on a rug another person owned who could pull it our from under you at any time.
personly i would think it would cause trouble down the line.if it wasnt priced out of this world might be worth taking a chance but its a big chance IMO.that is a big space to have nothing holding whats above it up.
I agree 100% with Regulator623. Being around coal mining all my life and the way mineral rights around here are, I guarantee someone else owns the mineral rights and not the current landowner. I bet if you do a search you will find that they were sold years ago.
I'd for sure talk to an insurance agent about subsidence insurance. I did when I was looking at a piece of property in Ohio Co. and was sure glad I did. There was already evidence of some subsidence on it when I looked at it and what I learned from the insurance agent scared me off. I lived in Madisonville a few years and can remember Hardee's sinking some and the Madisonville Mall also. They drilled in the mall parking lot and pumped grout in for about a year to stabilize it. Had some friends that had their front porch drop about 3' one night and another lost half his driveway. I can't remember the name of the street in behind Hardee's (in Madisonville) but a number of the houses there had to contend with broken gas lines from subsidence. The houses didn't sink but the yards did. The last I heard most of Providence is sinking too. Hunting on the property might be all right but don't think I'd want to live in the house.