Valuable Residential Real Estate For Sale @ Online Auction

Bidding Closes April 23, 2024 @ 1:00 PM

We are offering at online auction the real estate and improvements located at 103 Cherry Ave, Grottoes VA 24441. This brick ranch home sits on a 0.33 +/- acre corner lot in a quiet neighborhood. It features 2,281 sq ft of living space with 4 bedrooms, 2 1/2 baths, large deck, partly finished walkout basement, and two car garage. This home could use some interior updates and landscaping work, but it is functional and solid with new roof and recently replaced windows.

Click Here - For A Virtual Tour Of This Home

Don't miss the opportunity to own this desirable property located within walking distance of Grand Caverns Park and local stores. Just 20 minutes from Harrisonburg and Waynesboro and 25 minutes to Staunton VA.  Easy access to major highways yet located in a quiet neighborhood.  There are lots of possibilities with this home. Finish out the basement and create more useful space. Redesign the interior to suit your style.

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 April 23, 2024 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 Subject To Seller Confirmation With A Starting Bid of $25,000

Pre-Auction Offers Will Be Entertained

Property Tours: 1 PM Saturday April 6 and 1 PM Friday April 19 or at other dates and times by appointment. Please Call Linford Berry (Auctioneer) at 540-476-3309 for more information or for an appointment to see the property. 

Property Highlights:

• Spacious 0.33 Acre Corner Lot
• Home Built In 1971 - Same Family Owned Since New
• Zoned R1
• 2,281 Sq. Ft Of Living Space (1,631 upstairs and approx. 650 in half of walkout basement)
• 4 Bedrooms, 2 Full Baths, 1 Half Bath
• Two Car Garage
• Deck (Needs some work)
• Partially Finished Walkout Basement (1,214 sq ft total)
• Paved Driveway
• New Roof - November 2023
• New Windows - 2020
• 200 Amp Electric Panel
• Electric Baseboard/Radiant Ceiling Heat (No Air Conditioning)
• Municipal Water, Sewer, and Trash Service
• Dominion Electric Power
• Tax Assessed Value $263,000

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.

Do You Need Financing For This Property?  We Recommend The Following Lenders:

• Jordan Branner - F&M Mortgage
• Julie Yoder - Integrity Home Mortgage Corp
• Michelle Fix- Alcova Mortgage

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. We have a current home inspection report on file for this property but this should not substitute for your own due diligence.
• 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 on or before 30 days. Deposit will be applied to the purchase price at closing. Please do not bid if you are not able to close within 30 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 April 22) buyers agent participation will be compensated. Click Here For Form