Auction Property on 11.75 Acres in Virginia: Custom-Built Home, Creek, Spring and Multiple Outbuildings

Auction Opportunity With a Private Rural Setting

An interesting real estate opportunity is coming to auction in Pilot, Virginia, offering buyers the chance to pursue a custom-built rural home on approximately 11.75 acres of private land. The property features a 3-bedroom, 2-bathroom home, a full basement, hardwood flooring, a wood-burning stove, multiple detached outbuildings, a creek, and a spring-fed water source.

The property is being offered as a pre-foreclosure sale with a motivated seller, creating a different type of buying opportunity from a conventional residential listing. The auction is scheduled to end on September 9 at 4:00 PM, and prospective bidders should understand that the advertised list price represents the starting bid rather than an indication of the property’s final sales price or market value.

For buyers interested in rural Virginia real estate, agricultural land, investment properties, homesteads, or properties with substantial acreage, this listing offers several features worth examining carefully.

The home was built in 1979 and provides approximately 1,647 square feet according to the property description, while the listing’s interior-area field reports a larger total structure figure associated with the property. The residence includes three bedrooms, two full bathrooms, a full basement, and a cottage-style design.

With approximately 11.75 acres, a private setting, agricultural zoning, and several existing improvements, the property offers considerably more than simply a house and a residential lot.

Important Auction Information Buyers Need to Know

Before considering the property itself, potential buyers should understand the auction terms.

The listing states that the list price may not reflect the final sales price. Instead, the list price is the starting bid, and it should not be interpreted as an appraisal, valuation, or guaranteed purchase price.

This distinction is extremely important for anyone researching auction real estate.

An auction can produce a final sales price that differs substantially from the advertised starting amount depending on bidder participation, market conditions, property characteristics, financing considerations, and other factors.

The auction is scheduled to end September 9 at 4:00 PM.

Potential buyers should review all auction documents, deadlines, deposit requirements, financing rules, inspection opportunities, title information, and closing conditions before participating.

Auction purchases can involve different procedures from ordinary residential transactions, so understanding the terms before bidding is essential.

Pre-Foreclosure Sale With a Motivated Seller

The property is being marketed as a pre-foreclosure sale, and the listing identifies the seller as motivated.

That may attract investors and experienced buyers who actively search for properties with potential value outside the traditional retail market.

However, a pre-foreclosure transaction can involve additional considerations. Buyers should carefully review title information, liens, taxes, legal obligations, occupancy status, and all terms associated with the sale.

The property’s current occupancy is another important consideration.

The listing states that the home is currently occupied.

If the tenant remains in place after closing, removal of the tenant will become the buyer’s responsibility.

This means potential buyers should not assume that the property will automatically be delivered vacant.

Anyone considering the property as an investment should account for the possibility of tenant-related costs, legal procedures, delays, or other complications when calculating the overall investment.

Approximately 11.75 Acres of Private Land

One of the most significant features of this property is the land.

The property contains approximately 11.75 acres, according to the listing, creating a substantial private setting around the residence.

For buyers searching for rural land in Virginia, acreage can be one of the most attractive aspects of a property.

A parcel of this size can potentially provide room for gardens, recreational activities, outdoor projects, animals, equipment, trails, and other rural uses, depending on applicable zoning regulations and property restrictions.

The listing also states that the acreage should be verified by survey.

That is an important point for prospective buyers.

Anyone placing a bid based on the property’s acreage should verify the actual boundaries and total land area through appropriate due diligence.

A professional survey can help confirm property lines, acreage, access, easements, and other important details.

A Creek and Spring-Fed Water Source

The natural features of the property add another layer of appeal.

The property includes a creek and a spring-fed water source, creating a more distinctive rural environment than a typical residential parcel.

Water features can contribute to the visual character and recreational potential of rural land.

A creek can provide a peaceful natural setting while also creating opportunities for enjoying the outdoors.

The spring-fed water source is another noteworthy characteristic, particularly for buyers who appreciate properties with natural water resources.

However, prospective buyers should carefully investigate how the spring is used, whether it is currently functional, whether it serves any utility purpose, and what rights or restrictions may apply.

The listing identifies the property’s water supply as a private well, so buyers should verify the relationship between the private well and the described spring-fed source.

Custom-Built Home Dating to 1979

The residence was built in 1979 and is described as a custom-built home with a cottage architectural style.

Older homes can offer characteristics that are difficult to reproduce in newer construction, including established surroundings, mature landscaping, larger parcels, and traditional building details.

The cottage-style design may give the home a comfortable rural character that fits naturally into its acreage setting.

At the same time, a property from the late 1970s should be evaluated carefully.

Buyers should consider the condition of the roof, foundation, electrical system, plumbing, HVAC equipment, windows, insulation, septic system, well, basement, and other major components.

An auction property should never be evaluated solely on appearance or list price.

Three Bedrooms and Two Full Bathrooms

The home includes three bedrooms and two full bathrooms, providing a practical layout for families, guests, or an investment property.

One bedroom and one bathroom are located on the main level, which can be particularly useful for buyers who prefer having some living and sleeping space without relying entirely on stairs.

The remaining bedrooms and spaces can provide flexibility depending on the home’s existing layout and future needs.

Three-bedroom properties can appeal to a broad range of buyers because they can function as primary residences, weekend retreats, rental properties, or family homes.

The two full bathrooms also add convenience for household members and guests.

Hardwood Floors Add Character

The home features wood and laminate flooring, with hardwood floors specifically noted in the property description.

Hardwood flooring can be an attractive feature in older homes because it contributes warmth, character, and a traditional appearance.

For buyers considering renovations, existing hardwood can potentially become a focal point of an updated interior.

Depending on its condition, the flooring might be refinished, repaired, or incorporated into a larger renovation strategy.

Preserving original materials can sometimes help maintain the character of a cottage-style property while still allowing buyers to modernize kitchens, bathrooms, lighting, paint, and other interior elements.

Full Basement Provides Additional Space

A full basement is another major feature of this property.

Basements can provide valuable storage and utility space and, depending on construction, condition, ceiling height, moisture levels, and local requirements, may offer opportunities for future finishing.

The listing reports a substantial total structure area, making the basement particularly relevant when evaluating the property’s overall footprint.

Buyers should inspect the basement carefully for water intrusion, moisture, mold, foundation movement, drainage concerns, electrical components, insulation, and other issues.

Because the property includes a creek and spring-fed water source, drainage and moisture conditions should receive particular attention during due diligence.

Wood-Burning Stove Creates a Cozy Atmosphere

The home includes a wood-burning stove, which can contribute significantly to the atmosphere of a rural cottage.

A wood-burning stove can create a warm gathering area during colder months and reinforce the home’s country-living character.

For buyers who appreciate traditional heating features, it may be an appealing part of the property.

However, the stove and chimney should be professionally evaluated before use.

Inspection should include the condition of the stove, flue, chimney, clearances, ventilation, and any applicable safety requirements.

Electric Heat Pump for Heating and Cooling

The property uses an electric heat pump for both heating and cooling.

A heat pump provides an integrated approach to climate control and can be particularly practical for a home that needs both heating and air conditioning throughout the year.

The condition and age of the system should be confirmed as part of the inspection process.

Buyers should also request information about utility costs and maintenance history when available.

For an investment property, operating expenses can have a meaningful impact on long-term returns.

Detached 31-by-23-Foot Garage

One of the most valuable improvements outside the main residence is the detached 31′ x 23′ garage.

This is a substantial structure with enough space to serve a variety of purposes.

The garage has electricity, making it potentially useful for vehicle storage, equipment, workshop activities, hobbies, or agricultural projects.

For a rural property, detached garage space can be extremely useful.

The structure could provide storage for lawn equipment, tools, recreational equipment, farm supplies, vehicles, or other belongings.

Buyers should verify the condition of the building, electrical service, doors, roof, foundation, and overall structure.

Large Equipment Shed Adds Rural Functionality

The property also includes a large equipment shed.

This feature may be especially attractive to buyers interested in agricultural or rural living.

With nearly 12 acres and A-1 Agricultural zoning, having dedicated equipment storage can increase the property’s practical usefulness.

The shed could potentially accommodate tractors, lawn equipment, trailers, tools, or other large items, subject to its actual dimensions and condition.

For someone looking to establish a small homestead or maintain acreage, this type of existing improvement can save significant time and construction expense.

Additional Detached Shed

In addition to the garage and equipment shed, the property includes another detached shed.

Multiple storage structures can make a rural property much more functional.

Instead of keeping equipment inside the home or exposed to the elements, buyers may be able to organize tools and outdoor belongings across the existing structures.

The exact uses and condition of these buildings should be verified during the inspection process.

Agricultural Zoning Could Appeal to Rural Buyers

The property is zoned A-1 Agricultural, which is an important characteristic for anyone interested in rural Virginia real estate.

Agricultural zoning may provide opportunities that differ from standard residential zoning, although the exact permitted uses depend on the applicable local regulations.

Potential buyers may want to investigate whether the property can support activities such as gardening, livestock, agricultural projects, additional structures, or other rural uses.

The listing also states that the property is not enrolled in the Land Use Program.

Buyers should understand the tax implications of this status and investigate whether enrollment could be available in the future or whether certain requirements would apply.

A local zoning or land-use professional can provide the most reliable guidance regarding permitted uses.

Not Enrolled in the Land Use Program

The property is specifically identified as not enrolled in the Land Use Program.

For buyers comparing agricultural properties in Virginia, this distinction may be relevant to the property’s tax situation and future land-use planning.

Prospective owners should research the applicable county or local rules to understand how agricultural land classifications and tax programs work.

Any assumptions about future tax savings should be avoided until eligibility has been confirmed.

This is particularly important when evaluating an auction purchase because the total cost of ownership extends beyond the winning bid.

Private Well and Septic System

The property is served by a private well and private septic system.

These systems are common in rural properties, particularly on larger acreage where municipal water and sewer services may not be available.

Before bidding, buyers should investigate the condition and performance of both systems.

A well inspection can help determine water quality, flow, pump condition, and other factors.

A septic inspection can provide information about the tank, drain field, components, and potential maintenance requirements.

These systems can represent significant expenses if repairs or replacement are needed, so they should be incorporated into any investment analysis.

Garden Space and Outdoor Potential

The property includes garden space, providing another opportunity for buyers interested in rural living.

A garden can support vegetables, flowers, herbs, or other plantings and can complement the property’s agricultural zoning.

With nearly 12 acres available, the property offers considerably more outdoor space than a conventional suburban home.

Depending on local regulations and land conditions, owners may be able to create additional outdoor improvements over time.

The creek, natural surroundings, garden area, and mature rural setting could make the property particularly appealing to buyers seeking a more self-directed lifestyle.

Front Porch Offers a Traditional Country Feel

The home features a front porch, adding to its cottage-style character.

A porch can serve as a simple but valuable outdoor living space.

It can become a place for morning coffee, relaxing after working on the property, or enjoying the surrounding landscape.

For a rural home, these transitional indoor-outdoor spaces often contribute significantly to the overall atmosphere.

With the property’s private setting and natural features, the front porch may offer a particularly pleasant vantage point.

Located Near Floyd and Christiansburg

The listing states that the property is within approximately a 30-minute drive of Floyd, Virginia, and Christiansburg, Virginia.

That location provides an interesting balance between rural privacy and access to nearby communities.

For buyers who want acreage but do not want to be completely isolated from services and amenities, proximity to established towns can be an important consideration.

Floyd is known for its distinctive rural character, while Christiansburg provides access to a broader range of everyday services.

The exact travel time will vary depending on the route, traffic, weather, and final destination.

Potential for an Investment Strategy

The property may appeal to investors for several reasons.

The combination of acreage, an existing residence, a garage, equipment shed, additional shed, agricultural zoning, and rural location creates multiple components that can be evaluated independently.

An investor might consider a long-term rental strategy, rural retreat, renovation project, agricultural use, or personal-use property.

However, the occupied status of the home introduces additional considerations.

If a tenant remains after closing, the buyer will be responsible for the tenant’s removal.

That possibility should be considered carefully when calculating acquisition costs and projected timelines.

Could This Be a Rural Homestead?

For buyers looking beyond investment potential, the property could also be considered as a rural homestead.

The combination of acreage, agricultural zoning, garden space, water resources, storage structures, and a detached garage provides many of the basic characteristics people often seek when looking for country property.

A homestead buyer may appreciate having space for gardening, outdoor projects, equipment, and recreational activities.

The existing improvements mean the buyer would not necessarily be starting from undeveloped land.

Still, every potential agricultural use should be checked against local zoning requirements and property restrictions.

An Opportunity for Renovation and Personalization

Because the home dates to 1979, buyers may see opportunities to modernize and personalize the property.

Potential improvements could include updating the kitchen, refreshing bathrooms, improving lighting, repainting interiors, upgrading flooring where necessary, enhancing outdoor spaces, and improving energy efficiency.

The goal does not necessarily have to be a complete renovation.

For some buyers, preserving the property’s cottage character while selectively modernizing important areas could produce a more attractive balance between old and new.

The hardwood flooring and wood-burning stove may be worth preserving as character elements.

Due Diligence Is Especially Important

This is not a property where buyers should rely solely on the advertised starting price.

Because it is being sold through auction and is currently occupied, careful due diligence is essential.

Potential buyers should investigate:

• Property boundaries and actual acreage
• Title and ownership status
• Existing liens or encumbrances
• Property taxes
• Occupancy and tenant status
• Septic system
• Private well
• Electrical system
• HVAC system
• Roof and exterior
• Basement condition
• Foundation
• Garage and sheds
• Creek and drainage conditions
• Agricultural zoning
• Land-use status
• Permitted future improvements
• Auction terms and deadlines

The listing itself states that acreage should be verified by survey, making professional verification particularly important.

Understanding the Reported Price Per Square Foot

The listing reports a price of approximately $53 per square foot.

However, because this is an auction property and the advertised amount is a starting bid, buyers should be cautious about using that figure as a traditional market valuation.

The final purchase price will depend on the auction process.

Furthermore, conventional price-per-square-foot comparisons may not fully capture the value of the property’s 11.75 acres, creek, spring-fed water source, garage, equipment shed, additional shed, agricultural zoning, and other improvements.

Rural properties are often influenced by land characteristics as much as by residential square footage.

Property Taxes and Assessed Value

The listing reports a tax-assessed value of $217,800 and annual property taxes of approximately $1,871.

These figures can be useful when evaluating the property’s ongoing carrying costs.

However, buyers should independently confirm current tax information and determine whether any changes could occur following a sale.

The property’s lack of enrollment in the Land Use Program is another factor that should be considered when estimating future expenses.

Investors should calculate not only the acquisition cost but also taxes, insurance, maintenance, utilities, potential repairs, tenant-related expenses, and any improvements planned after purchase.

Final Thoughts on This Virginia Auction Property

This Pilot, Virginia property presents an intriguing opportunity for buyers searching for rural acreage, agricultural land, an investment property, or a private country home.

The combination of approximately 11.75 acres, a custom-built 1979 cottage-style residence, three bedrooms, two full bathrooms, a full basement, hardwood flooring, a wood-burning stove, and multiple outbuildings gives the property a distinctive profile.

The detached 31′ x 23′ garage with electricity, large equipment shed, and additional shed provide valuable storage and workspace, while the creek, spring-fed water source, garden space, and private setting enhance the property’s rural character.

Its A-1 Agricultural zoning may also make it particularly interesting to buyers seeking more than a conventional residential lot.

At the same time, the auction structure means buyers need to approach the opportunity carefully. The advertised price is only a starting bid and should not be interpreted as the property’s final value. The September 9 auction deadline at 4:00 PM adds urgency, but urgency should never replace due diligence.

The current occupancy is another significant factor. If the tenant remains after closing, the buyer will be responsible for removal, making it important to understand the legal and financial implications before bidding.

For an experienced investor, rural-property buyer, or buyer seeking a larger tract of land within driving distance of Floyd and Christiansburg, this property could offer an unusual combination of acreage, improvements, agricultural potential, privacy, and recreational possibilities.

Ultimately, the appeal of this property comes from the complete package rather than any single feature. It is not simply a three-bedroom house. It is a rural property with substantial acreage, existing outbuildings, natural water features, agricultural zoning, and a location that provides a degree of separation while remaining within reasonable driving distance of nearby communities.

Anyone considering the auction should review all available documentation, verify the property’s acreage through a survey, inspect the structures and major systems where permitted, understand the occupancy situation, and carefully review every auction condition before submitting a bid.

For the right buyer, this could be an opportunity to acquire a distinctive piece of Virginia countryside with the potential to become a private residence, rural retreat, investment property, or long-term landholding.

From Zillow