Home for Sale at Auction in Blacksburg VA

Home for Sale at Auction in Blacksburg VA

Check out this rare opportunity to own 2 lots and contemporary home on the corner of Toms Creek Road and Kelsey Lane in Blacksburg VA near Virginia Tech. Home is on one lot, and adjoining lot may be built upon or kept vacant.

The home has 2,915+/- square feet of living area, 4 bedrooms and 3 bathrooms with public water and sewer. No Homeowner’s Association.

This home features a large eat-in kitchen, living room and family room, each with a wood burning fireplace. Home has radiator / hot water heat, shingle, and metal roof, T-111 siding with brick to grade, hardwood, ceramic tile, and slate floors.

There is over 1,200 square feet of expansive garage space in the partial basement and behind the home which would make a great place to work on projects or restore cars.

There is also an additional 612 square feet of unfinished basement area.

This property consists of 2 separate lots that will be sold together. One lot is the site of the existing house on .34 – Acre at 603 Kelsey Lane, and the other is a BUILDABLE corner lot of .26-Acre at 601 Kelsey Lane. If a new buyer desires to build on the corner lot after purchase, a survey would be required per Zoning Administrator at Blacksburg Planning and Building. Refer to the map section in the Bidder Pack for Lot details. The property is zoned R-4. Don’t miss your opportunity to acquire this rare property!

The property is located across the road from Gilbert Linkous Elementary and is within walking distance of Virginia Tech and downtown Blacksburg.

Online Auction Ends Friday, July 28^th at 3 PM
603 Kelsey Lane, Blacksburg, VA 24060

Click Here for Bidder Packet
Click Here for Interactive Map
Click Here for 3D Property Tour

Download Bidder Pack for Online Bidder’s Agreement, Maps, Sample Contracts, and Property Information. 

ONLINE BIDDING – Online bidding is now active and runs through 3 PM July 28^th, 2023. SOFT CLOSE.

PREVIEW DATE – Friday, July 7^th at 4 PM

DIRECTIONS – From 460 West, right on Prices Fork. Left on Tom's Creek. Left on Kelsey Ln. It is the first house on the left.

CONTACT– Broker & Auctioneer Matt Gallimore at 540-239-2585 or email gallimore.matt@gmail.com. You can also contact Realtor Bruce Morris at 540-808-9103 or email bruce@gravitygroup.us­­

BIDDER PACK: Download Bidder Pack for complete information on each offering. The Bidder Pack has maps, complete terms and conditions, floorplans, property information, zoning, sample contracts, and tax cards.

SOFT CLOSE: If a bid is received within the last 2 minutes of the auction, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates “snipers” and encourages fair and impartial bidding from all participants.

BUYER’S PREMIUM – TEN PERCENT (10%): Buyer’s Premium shall be added to the final online bid, which will determine the Total Contract Sales Price. Bidders hereby acknowledge and understand that the Buyer’s Premium will be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 10% buyer’s premium = total purchase price of $110,000). Buyer’s Premium is not due on day of auction, it’s added into high bid to arrive at a final contract price.

PRE – AUCTION SALES: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform.  Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest money deposit. Properly submitted offers will be presented to the Seller in a timely manner.  Seller may accept or reject such offer at their sole and absolute discretion.  When a pre-auction offer is submitted, all properly registered online bidders will be notified that “an offer” has been submitted on a specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for seller’s acceptance.  A Buyer’s Broker Participation Fee of (2%) is offered on any pre-auction offers that are properly completed and submitted on the appropriate forms provided by the auction company.

TERMS & CONDITIONS: 10% Buyer’s Premium will be added to the final high bid to arrive at the contract price. Earnest Money Deposit of $5,000 is required by 5 pm on July 28^th, 2023. Close on or before September 12^th, 2023. Subject to seller confirmation. Property sold “as is, where is, with any and all faults.” Buyer is expected to complete their own due diligence. If confirmed Buyer will be expected to sign a Real Estate Purchase Agreement. Auction starts ending at 3 PM on July 28^th, 2023. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Be sure to register to bid early to ensure you receive notifications regarding any changes to the Auction, Bidder Packet, and/or Pre-Auction offers received. Download Bidder Information Pack for complete terms and conditions, purchase contract, and maps.