NOT LISTED FOR SALE

264 Prospect Peak Ln Berkeley Springs, WV 25411

Estimated Value: $396,000 - $545,000

3 Beds
2 Baths
1,701 Sq Ft
$271/Sq Ft Est. Value

Last Sold July 14, 2022

Last sale price $415,000 $244 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,804/month

31 Days on Market

Highlights

  • Contemporary Architecture
  • Fireplace
  • Property is in excellent condition
  • No HOA
  • Central Air
  • Heat Pump System

About This Home

As of July 2022

Prospect Peak cottage is situated on the perfect spot to view the breathtaking view of the mountains of West Virginia, Maryland, and Pennsylvania, overlooking the Potomac River, that is rated by National Geographic Magazine as one of America's "Outstanding Beauty Spots" and one of the top five scenic views in the East. At this beautiful cottage, you can pull up a chair on the spacious deck, or, from the many windows inside, watch the ever-changing skies from dawn to sunset over the mountain peaks and valleys. This delightful vacation home is privately located in a serene wooded setting only three miles from the wonderful attractions in the town of Berkeley Springs. Whether you are a family or a couple looking to explore the area's rich history, nature settings, or Cacapon State Park, or seeking relaxation away from the bustle of daily life, or if you're a writer, artist, or individual seeking solitude to create and rest, this cottage is the place for you. Prospect Peak Panorama cottage has three bedrooms: a master bedroom with a queen bed, a second bedroom with two twin beds, and a third with a double bed, as well as two full bathrooms. The astonishing panorama opens before you as you cook in the full service kitchen, share a delicious meal at the dining table, cozy up in the living room with a pellet stove fire, and enjoy the same expanse, that was one of George Washington's favorite views, from all these areas, including the master bedroom with an upper deck. With Berkeley Springs' skies clear of pollution, Prospect Peak Panorama cottage is the perfect place to stargaze on a wonderful night. The cottage is located on the ridge just above the public scenic overlook on Highway 9W. Enjoy your own, even better, private view! Leave the world behind to enjoy the unparalleled vista and quiet setting.

Last Agent to Sell the Property

Ryan Rebant

(304) 702-3086 rjrebant@hotmail.com Mountain Home Real Estate, LLC License #WV0028275 Listed on: 05/03/2022

Last Buyer's Agent

Art Holbrook

(304) 620-7477 arthurholbrook@kw.com Keller Williams Realty Advantage License #wvs200301303

Keller Williams Realty Advantage

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,212

Year Built

  • Built in 1988

Lot Details

  • 1.17 Acre Lot
  • Property is in excellent condition
  • Property is zoned 101

Parking

  • Driveway

Home Design

  • Contemporary Architecture
  • Combination Foundation
  • Block Foundation
  • Frame Construction

Interior Spaces

  • 1,701 Sq Ft Home
  • Property has 1.5 Levels
  • Fireplace
  • Basement

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • On Site Septic

Community Details

  • No Home Owners Association
  • Prospect Peak Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 7
  • Assessor Parcel Number 02 5002600000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,212

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Year Built: 1988
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: Yes
  • Foundation Details: Block
  • Levels Count: 1.5
  • Basement: Yes
  • Basement Type: Combination
  • Total Sq Ft: 1701
  • Living Area Sq Ft: 1701
  • Price Per Sq Ft: 243.97
  • Above Grade Finished Sq Ft: 1701
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 139700.00
  • Land Assessed Value: 62200.00
  • Lot Size Acres: 1.17
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 50965.00
  • Property Condition: Excellent
  • Zoning: 101
  • In City Limits: No

Rental Info

  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 20415175
  • School Tax: 860.00
  • Tax Annual Amount: 1212.00
  • Assessor Parcel Number: 02 5002600000000
  • Tax Lot: 7
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

MLS Schools

  • School District Name: MORGAN COUNTY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2022
Closed on
Jul 13, 2022
Sold by
Booth Peter R
Bought by
Brown April and Brown Jeffrey
Seller's Agent
Ryan Rebant
Mountain Home Real Estate, LLC
Buyer's Agent
Art Holbrook
Keller Williams Realty Advantage
List Price
$415,000
Sold Price
$415,000
Current Estimated Value
$460,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,900
Avg. Annual Appreciation
3.09%
Original Mortgage
$332,000
Outstanding Balance
$316,836
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$144,064

Purchase Details

Listed on
Jun 19, 2012
Closed on
Sep 13, 2012
Sold by
Dinning Kathleen G
Bought by
Booth Peter R
Seller's Agent
Sabrena Funk
Kesecker Realty, Inc.
Buyer's Agent
Sabrena Funk
Kesecker Realty, Inc.
List Price
$249,000
Sold Price
$205,000
Premium/Discount to List
-$44,000
-17.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.43%

Purchase Details

Closed on
Jul 25, 2005
Sold by
Patton N Thomas and Patton Betty W
Bought by
Dinning Kathleen G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Brown April $415,000 Luttrell Christopher C
Booth Peter R $205,000 None Available
Dinning Kathleen G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown April $332,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/14/2022 07/14/22 Sold $415,000 0.0% $244 / Sq Ft
05/03/2022 05/03/22 For Sale $415,000 +102.4% $244 / Sq Ft
09/13/2012 09/13/12 Sold $205,000 -8.9% $121 / Sq Ft View Prior Sale
09/05/2012 09/05/12 Pending -- -- --
08/06/2012 08/06/12 Price Changed $225,000 -9.6% $132 / Sq Ft
06/19/2012 06/19/12 For Sale $249,000 -- $146 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,581 $230,400 $111,060 $119,340
2024 $4,581 $213,300 $109,320 $103,980
2023 $2,508 $125,340 $37,320 $88,020
2022 $1,244 $124,320 $37,320 $87,000
2021 $1,212 $121,140 $37,320 $83,820
2020 $1,149 $114,840 $37,320 $77,520
2019 $1,142 $114,120 $37,320 $76,800
2018 $1,117 $111,660 $37,320 $74,340
2017 $1,137 $113,640 $37,320 $76,320
2016 $1,137 $113,640 $37,320 $76,320
2015 $1,149 $114,840 $34,920 $79,920
2014 -- $109,920 $36,120 $73,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: WVMO2001610

Bright MLS

APN: 02-5-00260000