Past Auction

Coolfont

This auction was on Jun 21 Berkeley Springs, WV 988± Deeded Acres

Executive Summary

Nestled in the foothills of the Allegheny Mountains, in the shadow of Cacapon Mountain, lies the beautiful 988+ acre Coolfont Property. Purchase a year-round treasure with beautiful scenery and abundant area activities.

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Just the Facts

Manor House 
  • National Register of Historic Places
  • Built in 1916
  • Colonial Revival Style w/stucco facade
  • Built by celebrated author, social reformer and Editor John Herbert Quick
  • 2 1/2 Story Mansion  
Commercial Property - 99 N Washington Street 
  • 2,383 SqFt
  • 2 Story plus attic and full basement, freestanding building
  • Year Built 1915
  • Construction Type - Masonry
  • HVAC - Heat Pump 1st floor, Baseboard electric 2nd  
  • Located on one-of-two major Commercial Blocks in Berkeley Springs, WV

General Description

988 Acres divided into 8 Tracts with an additional Tract being located in the Town of Berkeley Springs, WV. Was at one time a large resort that catered to travelers from the surrounding areas of Maryland, Virginia, Pennsylvania & West Virginia. The area is known for its’ long history, George Washington visited often and was one of the first to survey the area. From atop the local hills George Washington was able to take in the vast views spanning miles to the West and fueling his desire to expand westward. The property has many small buildings, Chalets, what was once a restaurant, the administration building for the resort and 2 Homes. One home is on the Registry of Historic Places. Water is known to flow from the rocks here and is even capture to provide water to the Historic Manor House.  Some Tracts are large with abundant timber, while others are smaller tracts that would make for perfect weekend getaway locations.

Learn about the locale

Location

Morgan County is in the foothills of the Allegheny Mountains which have a North/South pattern of
valleys and ridges. Cacapon Mountain divides the county North/South and runs along the Northwest
boundary of Coolfont Resort; Sleepy Creek Mountain defines the Eastern border of Morgan County
which is located 6 miles due East of Coolfont Resort. The Potomac River defines the Northern border
of not just Morgan County but the State of West Virginia as well and is only 2 miles Northwest of Tract
#1. Cacapon River runs North on the Westside of Cacapon Mountain and empties into the Potomac
River at the Town of Great Cacapon which is located only 1.5 miles from the property boundary.

Locale

• Abundant hardwoods including hickory, red
oak, white oak, poplar and ash
• Excellent hunting for deer, bear and turkey
• Extensive development entitlements available
to a whole property buyer
• Beautiful secluded property within a two hour
drive of major cities
• Historic Berkeley Springs has been
recognized as one of the top small arts towns
in the U.S.
• Permitted for construction of infrastructure that can support 1200 residential units and a large
commercial component.
• Original development plan integrates a mix of homes to create a more varied and interesting street
scape, including 606 single family; 250 duplexes; 95 townhomes; 36 live/work units and 110 condo/
apartments.
• Formed a Community Enhancement District (CED) that provides opportunity to secure $45 million in
bonds to support the infrastructure development.
• No Zoning in Morgan County, in which Berkeley Springs is located.
• 2 story freestanding Commercial Building located on one of the two prime commercial blocks in
Berkeley Springs

Aesthetic Considerations

Views that span across WV, MD, VA & PA & can see the Potomac River Valley. State Park across the road and adjacent to property. Perfect location for viewing of the Fall Colors and winter beauty

History

Manor House is on National Registry of Historic Places; John Herbert Quick House.
Surveyed by George Washington
80 Miles from Washington DC
45+ years as Family Resort

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Acreage (Deeded & Leased)

Deeded Acres: 988±

Total Acres: 988±

* All acreages are approximations.

Water Resources

Many water features such as: Sir John’s Run a tributary of the Potomac River. A Large Lake on Tract #6. Many natural springs including Coolfont Spring, the name sake of the property and also consider part of the source water for the Berkeley Springs in the Town of Berkeley Springs, WV

Timber Resources

Abundant Timber, but no information on harvesting history

Learn about the recreational amenities

Wildlife Resources

Adjacent to State Park where hunting is not allowed, also within 6 miles of Sleepy Creek Wildlife Management Area. Area is populated with White Deer, Black Bear & Turkey. Also in close vicinity is Quail Hollow Hunts, a 300 acre hunting preserve for upland birds.  

Recreational Considerations

Could be restored to once famous resort area, with winter tubing hill, restaurant and many chalets. Or use for family retreat with some work. Hiking, biking and horseback trails surround the property

Learn about the general operations

Leases and Permits

Verizon Ground Lease for Cell Tower & Associated Access Easement

Terms

b. An earnest money deposit of 10% of the Total Purchase Price will be due immediately following the auction upon signing the contract. The remainder of the Total Purchase Price will be payable at closing. Closing will take place within 45 days of the auction date or as soon thereafter as the required closing documents are available. Possession shall be transferred at the date and time of closing. c. The 2016 taxes shall be prorated to the date of closing. Buyer will be responsible for all subsequent taxes. The sale of the Property will include any Mineral interest appurtenant to the Property, to the extent owned by the Seller. d. The Seller will furnish the successful Buyer(s) a current Title Commitment for an owner’s policy of title insurance in the amount equal to the Total Purchase Price, and Seller will pay the premium for issuance of such policy. Seller agrees to convey merchantable title to the Property, subject only to the Permitted Encumbrances as defined in the Sales Contract. Transfer tax paid upon recording the deed will be split half by the Seller and half by the Buyer. The Seller will pay to record any mortgage/DOT releases and the Buyer will pay to record the deed and any other documents. All additional fees charge by the title company/closing agents for handling the closing will be split half by the Seller and half by the Buyer. e. Acceptance or rejection of any auction bid is subject to approval by the Seller. f. The Auction Company, associated Brokers, and their representative are exclusive agents of the Seller.