Online-Only Auction
“Online-Only Auction: 3-Bedroom Country Home at 457 McGahey Ln, McGaheysville, VA”
Discover a promising investment opportunity or a DIY-lover’s dream in this 3-bedroom, 2-bathroom home located at 457 McGahey Ln, McGaheysville, VA, nestled on a 0.78-acre lot composed of two separate parcels.
With 1,883 sq ft of living space, this property rests in a serene rural setting yet remains just minutes from Harrisonburg, Massanutten, and the breathtaking Shenandoah National Park—making it ideal for vacation rental, renovation, or fixer-upper ventures.
➤ Auction Details:
Online-Only Auction, conducted by Mountain Valley Auction Group
Bidding starts at $10,000
Auction ends at 1 PM ET on Wednesday, July 9, 2025
Final sale price determined by the highest bidder
Subject to 10% buyer’s premium added to the hammer price
Sold “AS IS” with no contingencies for inspections, financing, or appraisals
➤ Key Purchase Terms:
Buyer’s Premium: 10% of final bid added to total purchase price
Deposit: $10,000 non-refundable—required immediately after auction close (within 24 hours for online bidders)
Closing Timeline: Balance due between November 18 and December 2, 2024
Free & Clear Deed: Title transferred without liens or encumbrances
No Contingencies: Buyer must complete due diligence and inspections before bidding
➤ Why It’s a Great Opportunity:
Investor-Friendly: Perfect for flippers or landlords, located in a sought-after vacation destination
Vacation Rental Potential: Close proximity to Massanutten and Shenandoah National Park boosts appeal
DIY Enthusiasts Beware (and Welcome!): Property needs work—but with effort, it could yield strong returns
Rural Convenience: Country tranquility with easy access to town amenities and outdoor recreation
🛠️ Due Diligence Musts:
All inspections (structural, mechanical, environmental) must be completed before the auction ends—no backtracking allowed
Clearly understand all auction terms, including buyer’s premium and deposit requirements
Review full auction documents and disclosures at the Mountain Valley Auction Group website
➤ Final Thoughts:
This online auction presents a compelling opportunity for selective buyers: investment-minded individuals, flippers, or DIY homeowners ready to take on certification and renovation responsibilities. With no reserve price stated beyond the $10,000 starting bid, coupled with the 10% buyer’s premium and strict closing timeline, it rewards those who plan carefully and act decisively.
Interested? Visit the Mountain Valley Auction Group site for full terms and conditions and register to bid today.
From Zillow
