NOT LISTED FOR SALE

1524 Lusters Gate Rd Blacksburg, VA 24060

Estimated Value: $795,000 - $805,497

26.9 Acres
$29,749 Price per Acre
1,171,764 Sq Ft Lot

Last Sold May 02, 2022

Last sale price $729,000

Est. 10% increase in value since last sale

Current estimated payment $4,710/month

34 Days on Market

Highlights

  • On Golf Course
  • River View
  • Country Style Home
  • Margaret Beeks Elementary School Rated A-
  • 26.9 Acre Lot
  • No HOA

About This Lot

As of May 2022

Online Only Auction Ending March 17th @ 4 PM. Price is starting bid not reserve. Great property for sale in Blacksburg VA. The property features 26.9 acres of prime land for sale next to the Blacksburg Country Club. North Fork Roanoke River runs through the middle of the property, making it a very serene and peaceful setting. There is an old farmhouse on the property which could be fixed up or removed. This would be awonderful development property; it is in a prime location next to the golf course and just a short drive from the town of Blacksburg VA, Christiansburg VA and Virginia Tech! The property is currently zoned A-1 agricultural but has the potential to be rezoned for development. See bidder pack for details.The property is accessible on Lusters Gate Rd and Arrington Rd. The surrounding neighborhood is quiet and peaceful, making this an ideal location forfarming, building your dream home, subdividing or building multifamily residences.

Last Agent to Sell the Property

Matthew Gallimore

United Country Blue Ridge- Floyd License #0225062681 Listed on: 02/14/2022

Last Buyer's Agent

Matthew Gallimore

United Country Blue Ridge- Floyd License #0225062681 Listed on: 02/14/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,019

Lot Details

  • 26.9 Acre Lot
  • River Front
  • On Golf Course
  • Property is zoned A-1

Parking

  • No Garage

Home Design

  • Country Style Home
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Laminate Flooring
  • River Views

Schools

  • Blacksburg Middle School
  • Blacksburg High School

Utilities

  • Well

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$3,019

Lot Details

26.9 Acres

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Residential
  • Horses: No
  • Lot Size Acres: 26.9
  • Subdivision Name: None
  • Directions: Directions – From Christiansburg - Head northeast on W Main St toward S Franklin St - Take Ellett Rd NE approximately 6 miles - Left ontoLusters Gate - Property on right, before Clubhouse Drive.
  • Architectural Style: Country Farm
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Efficiency: None
  • Building Stories: 1
  • ResoBuildingAreaSource: Estimated
  • Special Features: Auction
  • Stories: 1

Interior Features

  • Appliances: None
  • Has Basement: None
  • Fireplace Features: None
  • Flooring: Laminate
  • Interior Amenities: None
  • ResoLivingAreaSource: Estimated
  • Room Kitchen Features: None

Exterior Features

  • Lot Features: On Golf Course
  • View: River
  • View: Yes
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Foundation Details: None

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage, None

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: None
  • Heating Yn: No
  • Sewer: Private Sewer
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Other
  • High School: Blacksburg
  • Middle Or Junior School: Blacksburg

Lot Info

  • Lot Size Sq Ft: 1171764
  • Additional Parcels: No
  • Zoning: A-1
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 3018.88
  • Tax Lot: 0
  • Tax Map Number: 055-A-44
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2022
Closed on
Apr 29, 2022
Sold by
Pence Harry J and Livin George
Bought by
Blacksburg Country Club Inc
Seller's Agent
Matthew Gallimore
United Country Blue Ridge- Floyd
Buyer's Agent
Matthew Gallimore
United Country Blue Ridge- Floyd
List Price
$729,000
Sold Price
$729,000
Current Estimated Value
$800,249

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,249
Avg. Annual Appreciation
2.41%

Purchase Details

Closed on
Nov 2, 2006
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Blacksburg Country Club Inc $729,000 Fidelity National Title
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2022 05/02/22 Sold $729,000 0.0% --
03/21/2022 03/21/22 Pending -- -- --
02/14/2022 02/14/22 For Sale $729,000 -- --
Source: Southwest Virginia Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,203 $684,600 $562,500 $122,100
2024 $5,135 $684,600 $562,500 $122,100
2023 $4,792 $684,600 $562,500 $122,100
2022 $1,444 $339,200 $255,000 $84,200
2021 $1,444 $339,200 $255,000 $84,200
2020 $1,444 $339,200 $255,000 $84,200
2019 $1,444 $339,200 $255,000 $84,200
2018 $1,398 $334,000 $255,000 $79,000
2017 $1,398 $334,000 $255,000 $79,000
2016 $2,973 $334,000 $255,000 $79,000
2015 $2,973 $334,000 $255,000 $79,000
2014 $1,419 $336,300 $255,000 $81,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwest Virginia Association of REALTORS®

MLS Number: 81499

APN: 026770

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