Buying a house with sink hole mitigation.
 

I'd be interested in any and all opinions as to whether or not this is a good idea. The sink hole was 6 years ago.
Thank you in advance.

Been told safest home you could possibly buy

Why risk it, there are many other options?

i'd be concerned about location--Calumet Grove has had ongoing sinkhole issues that literally scared us away from that area

The big question would be will you be able to get insurance on the house?

If you are asking the question, you must have misgivings.
Ask your insurance agent what they think!

IMO Developers had on going ground collapse problem from Rotted out pipes on couple retention ponds on Lopez. district has corrected the problem with street drains. The only reason two houses was involved was ran drain/transfer lines between private property. And we know how close houses are around here. So not just calumet grove. IMO 99% of sinkholes are retention pond/street drain related, odds are can happen anywhere? We can argue over how high or low the odds are?

As long as hole was completely filled in?

The question IMO will I be able to sell the house down the road? I think buyer opportunity would be limited? With very questions OP asking?

There are so many homes available, why risk it and re-sale may well be a problem when the time comes as you will have to disclose it.

I heard the same thing, Karostay.

I talked to a ground collapse engineer inTampa several years ago.We were considering a home that had had a sink hole and had been repaired. No problem with getting insurance. He said once repaired the home would be more stable than one that hadn’t had a sink hole. The Villages should be able to provide the name of the firm that repaired the sink hole so you could talk directly with the engineers.
Bob

There are difficulties associated with buying a home with a previous sink hole. What caused it is very important, if natural, eg. earth instability it would be difficult to mitigate permanently. But if it was a man made problem that would be easier to correct.

Financing and insurance can be expensive:
‘The engineer report, the repairs performed on the home, and any information regarding your insurance pay out on the property. This will be extremely helpful when it comes time to put it on the market, and it’s going to help your resale value. Right now (2014), repaired sinkhole homes still take a slight hit when they are up for resale. Roughly, it’s about ten percent less the value* assessed for property. So if you home is worth $100,000, it’s going to take 10% right off the top and it’s now worth about $90,000. Part of the reason for this is because even though they are repaired most big banks WILL NOT do mortgages on the properties. It can, also, be challenging, although not impossible, to get homeowners insurance. Thus, the reason the paperwork is so crucial and must be kept in a safe place. (Read between the lines and make copies and put in a safe deposit box, etc.)’

You should get a deal, even if you buy near a previous sinkhole home. Good luck!

Remember 7 years back plus or minus helicopters over head for days cameras trained on sink hole in Buttonwood
I know that owner house was temporarily condemned for over two months truck after truck concrete was brought in steel supports reinforcing the slab
You would never know it even happened they are still there safe and sound didn't cost a penny just aggravation

It was two homes on the left side of the 6th fairway Par 4 on Jacaranda nine at Cane Garden. I played that course a couple of times, they had yellow police tape around the entire yards, so you could easily see them from the golf course. I remember the helicopter, I could hear it at my house when I went outside, I live a 1/2 mile south. In that section that surrounds Jacaranda there is not one home for sale with TV right now and only one with MLS on Zillow, so they must love the area.

It's two homes in the middle of the block on the left side of the fairway on this map. I had thought that might be Pennecamp, it could be Buttonwood, it's hard to say since it's on that side of St. Charles.

Google Maps