Fixer Upper Cabin for Sale at Auction in Pilot VA

Real Estate Investment Opportunity in Pilot VA

The property features a log home on 2 wooded acres. The
structure was built in 1980, offering approximately 1,487 sq ft, 2 bedrooms, 1
bath and a full unfinished basement. A very accessible shared driveway
from a paved state-maintained road. A spring serves as the water source for the
log home. While the spring is not on the 2-acre property, deeded spring
rights are of record and convey. The home will require some labor to get
it back to where it needs to be. Take on the challenge and the
possibilities are endless!

Click Here for Bidder Packet

Click Here for Interactive Map

Click Here for Property Video

Online Auction Ends Wednesday, April 15th,
at 4 PM

1704 Coles Knob Rd., Pilot, VA 24138

CONTACT: Auctioneer Matt Gallimore at
540-239-2585 or email Gallimore.Matt@gmail.com.
You can also contact Realtor Levi Cox at
540-230-7162 or email LeviCox87@gmail.com

DIRECTIONS: Travel
Floyd Hwy N (221), Left on Stonewall Rd NE (612), Left on Coles Knob Rd NE
(673), Driveway on the right. See Sign.

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 June 1st, 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. The Auctioneer is
allowed to bid on behalf of the Seller up to, but not beyond the Seller’s
reserve price. Auction starts ending at 4 PM on April 15th,
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. Download Bidder Information Pack for complete
terms and conditions, purchase contract and maps.