Valuable Residential Real Estate For Sale @ Online Auction

Bidding Closes July 9, 2025 @ 1:00 PM

We are offering at online auction the real estate and improvements located at 457 McGahey Ln, McGaheysville VA 22840. This 3 bedroom, 2 bath home sits on a 0.78 +/- acre lot composed to two tax map parcels. The house features 1,883 sq ft of living space and is located in a quiet country setting just minutes away from Harrisonburg, Massanutten, and Shenandoah National Park.

Attention investors, flippers, DIY and vacation rental owners - this is your kind of property! It has some challenges for sure, but with a little work and some money would make an ideal vacation rental property or DIY homeowner fixer upper.  As always, we will tell you the good, the bad, and the ugly but please do your own due diligence to make sure you understand the condition of the property and the likely repairs and work that needs to be done.

The challenges:

1. This property is in the 100 year flood plain although the house itself has never flooded according to the seller. 

2. Parking is at the street and there is only foot bridge access to the house. There are concrete bridge abutments on both sides of the stream but currently no vehicle access to the house itself. We did get a quote from a bridge builder for $15-17k to install a steel vehicle bridge across the stream.

3. The property is served by a drilled well and county sewer. However the well water has lots of iron and sediment in it. Fortunately county water is also available at the street, but it would need to be hooked up. Current hook up fee from the county is $3,750. 

4. The house itself is in the midst of renovations and needs some significant work. The roof is good and the house is dry but it needs plumbing repairs (new water heater, Pex piping, and fittings are present).  The rear deck and lower edges of siding are not in good condition.  Doors and some windows will need to be replaced.  (There are some new interior doors that go with the house).

This original front part of this home was constructed in 1960 and a large addition put on the rear in 1985. There are 3-4 bedrooms depending on how you count, three are on the first floor and one upstairs. Two full baths on the first floor. The older part of the house features hardwood and tile floors, the newer part of the house had carpet some of which has been removed. There is a soapstone wood stove and gas fireplace in the two larger living areas. Propane gas heaters are present along with some electric baseboard heat in other rooms. Appliances convey with the house and are relatively new.  There is no air conditioning or ducted HVAC. The house is on a crawl space (see photos).  An outbuilding in the backyard and a storage building near the parking area are included with the property.

This is not a foreclosure auction. Our seller has moved out of state and elected to use transparent and competitive bidding to establish the sales price of the property. Don't miss this great opportunity to own real estate in a desirable neighborhood.

All Bids Must Be Submitted Online. Click The "Bid Online Now" Button To See Property Details and To Bid

The bidding for this property will close at 1:00 PM July 9, 2025 with a two minute auto extend.  This means that if a bid is placed within the last two minutes the bidding will be extended for an additional two minutes.

This property is being Sold To The Highest Bidder With A Starting Bid of $10,000

Property Tours: Please do not visit the property without being accompanied by an agent. We do have property tours scheduled for 4 PM Monday June 23 and 4 PM Saturday July 5 or at other dates and times by appointment. Please Call or Text Linford Berry - 540-476-3309 for more information or for an appointment to see the property.  

Property Highlights:

• Spacious 0.78 +/- Acre Lot
• Small stream named Stoney Run goes through the property
• 10 Miles From Harrisonburg, 5 Miles From Massanutten, 13 miles to Shenandoah National Park
• Home Built In 1960 With Addition In 1985
• Zoned R2
• No HOA 
• 1,883 +/- Sq Ft Of Living Space
• 3-4 Bedrooms, 2 Bath
• Appliances Convey
• Wood Stove and Gas Heaters
• Outbuilding and Storage Building
• County Sewer Connected and County Water Available ($3,750 Connection Fee)
• 200 Amp Electrical Service
• 2025 Tax Assessed Value $185,500

Additional Information, Photos, And Video Can Be Found At The Tab Or Dropdown Menu At The Top Of This Page or By Clicking The “Bid Online Now” Button

Terms and Conditions:

• WE GUARANTEE A FREE AND CLEAR DEED TO THE PROPERTY
• This property is being sold in AS-IS condition with no financing/appraisal/inspection contingencies. Bidders are strongly encouraged to inspect the property themselves and/or enlist the assistance of professional inspectors or contractors in evaluating the condition and value of the property. All inspections must be performed prior to the auction. 
• Buyers Premium: There will be a 10% Buyers Premium added to the high bid to determine total contract purchase price. (For example a 100,000 bid would have a buyers premium of $10,000 added for a total purchase price of $110,000).
• Payment Terms: Payment will be in the form of Cash or Cash Equivalent with a $10,000 non-refundable deposit due the day of the auction (within 24 hours for online bidders at a distance) and the balance due at closing within 45 days of the auction.  Deposit will be applied to the purchase price at closing. Please do not bid if you are not able to close within 45 days.
• Financing can be obtained for the property, but the sale is not contingent upon obtaining financing.
• All information provided by Mountain Valley Auction Group was obtained from sources believed to be reliable but are not guaranteed. Buyer shall rely on their own information, judgment, and inspection of the property.
• View the sample purchase agreement and complete terms under the "Docs" tab or drop down menu at the top of the page under the photo.

Note For Real Estate Agents: Preapproved (No later than 5:00 PM on July 8) buyers agent participation will be compensated. Click Here For Form