foreclosure

Under $75K Thursday ~ c.1860 West Virginia Brick Foreclosure $72K ~ Sold

69 Springfield Pike, Springfield, WV 26763   

$72,000 ~ Sold for 64k

OHU50K NOTES

This c.1860 stunning brick home is a foreclosure in the town of Springfield, West Virginia (pop. 477). The home has beautiful hardwood floors, mantels, doors and trim, and staircase. The land the home sits on was originally owned by William and Samuel Abernathy, who sold their land by auction into quarter and half-acre lots in 1790.
According to the National Register of Historic Places:
Springfield was one of the earliest settlements in Hampshire County. It was located at a major intersection of the Springfield Grade Road, which connected Winchester, Virginia with Cumberland, Maryland, and a road through Green Spring Valley that connected the town of Green Spring on the North Branch of the Potomac to Romney. The first stage line in Hampshire County was established in 1830 along the Springfield Grade and the town was in a prime location for development. However, the Northwestern Turnpike was constructed to the south in 1837 and supplanted the Springfield Grade as the area’s primary east-west route. The community was known as Cross Roads until 1790 when the Virginia General Assembly chartered it as the town of Springfield.
Land owned by William and Samuel Abernathy was subdivided into half-acre lots and a board of trustees was appointed to sell the lots at public auction. The charter specified that purchasers “were to build on each lot a ‘dwelling house sixteen feet square at least, with a brick or stone chimney, to be finished fit for habitation within five years from the day of sale.” If the requirements were not meant, the lot could be repossessed by the trustees and resold. A second act that passed in 1792 stated that because the Abernathys had in fact divided the land into quarter-acre lots prior to 1790 and had already sold some of them, the size of the lots would be amended to a quarter acre each rather than the half acre specified in the 1790 charter. Streets were also laid out, along with a town square.4 The town plan was recorded into county Deed Book 67 in 1891 (see continuation sheet page 11). The town square and many of Springfield’s oldest buildings were demolished in 1928 when two-lane highway West Virginia State Route 28 was built through the town.

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