Matt Gallimore
Broker | Owner | Auctioneer
Ask Matt Gallimore
Check out this beautiful 4-bedroom, 2.5 bath home for sale in Blacksburg, VA! Sitting on +/-1.72 acres, the property provides a nice balance of usable yard space while still maintaining a sense of privacy.
The home is a brick, contemporary-style residence built in 1966 and features +/- 3,622 sqft of finished living space. On the main level you will find 2 bedrooms, 1.5 baths and +/- 1,811 sqft. The garage is attached and provides direct access to the main level. The basement area is finished and offers plenty of room for comfortable living. There are 2 bedrooms, 1 bath and another kitchen making it great for hosting!
The home features central heating and cooling with an electric heat pump, and a fireplace. Interior finishes consist of a mix of hardwood and carpet flooring, with plaster walls. The home is in good condition and is ready for you to make it your own!
Blacksburg, VA is a vibrant college town in the scenic Blue Ridge Mountains of SWVA. Home to Virginia Tech, the area offers a blend of small-town charm and lively culture, with a sense of community, beautiful outdoor recreation, and a thriving downtown filled with local shops, dining, and events. Even though this property is just minutes from Virginia Tech, it remains very secluded while still being within walking distance of grocery stores and shopping.
Property is accessed by a 50' ROW off Lakewood Dr and is subject to deed restrictions. The property is zoned RR-1 (Rural Residential). Click Here for Zoning Ordinances.
Property is being sold with a 1-year Home Warranty, Standard Plan, which covers heating & air, plumbing, electrical, appliances, and much more. Click on link below for more details.
Click Here for Bidder Packet
Click Here for Interactive Map
Click Here for Home Warranty Packet
Online Auction Ending Thursday, June 25th, at 4 PM
1200 Lakewood Dr., Blacksburg, VA 24060
PREVIEW DATE: Friday, June 19th at 4 PM
CONTACT: 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 brucemorris.realtor@gmail.com .
BIDDER PACK: Download Bidder Pack for complete information. Bidder Pack has maps, complete terms and conditions, sample contracts, tax cards, and restrictions. Some of the plats in Bidder Pack may have notations and boundaries created by Auctioneer for illustration purposes, however unchanged surveys are in Bidder Pack as well.
SOFT CLOSE: If a bid is received within the last 2 minutes of the auction or after 4 PM, 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 until closing.
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 off the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest 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 and on which 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 Referral Fee of 2% of the high bid is offered to a cooperating VA State Licensed Real Estate Salesperson/Broker on any pre-auction offers that are properly completed and submitted on the appropriate forms provided. Download Bidder Pack for Online Bidder's Agreement, maps, sample contracts, and property information.
TERMS AND CONDITIONS:
10% Buyer's Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $5,000. Close on or before August 10th, 2026. Subject to seller confirmation. Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence before placing a bid. Auction starts ending at 4 PM on June 25th, 2026. 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. Bidders are expected to download and review Bidder Information Pack for complete terms and conditions, purchase contract and maps.
Directions:
From College Avenue, take the second exit at the traffic circle onto Prices Fork Road. Turn right onto Old Glade Road, left onto Glade Road, right onto Shadow Lake Road, and then right onto Lakewood Drive. Property will be at the end of Lakewood Dr marked by sign.
