A nearly century-old home in Evansville, Indiana, is drawing attention as it enters the auction market without a publicly disclosed asking price. With two bedrooms, a detached garage, and a history of unusually low listing prices, the property could interest buyers searching for a renovation opportunity.
Located at 1516 E Indiana Street, in the Garvinwood-Rosedale neighborhood, this modest residence was constructed in 1927 and offers approximately 693 square feet of living space.
The house features two bedrooms, one full bathroom, and a detached garage reportedly capable of accommodating two vehicles. It sits on a 3,049-square-foot lot.
An Auction With No Advertised Price
What makes this property particularly interesting is its unusual selling situation.
Instead of advertising a traditional asking price, the property is associated with Auction.com, and its current listing identifies the price as unknown.
This leaves prospective buyers wondering how much the home might ultimately sell for.
However, there is an important detail that could significantly affect the property’s appeal.
The listing states that before closing, the buyer must meet with the City of Evansville and obtain approval for a plan addressing outstanding property violations.
This requirement means that anyone considering the home should carefully investigate potential repairs, compliance expenses, and other obligations before participating in the auction.
A Small Home With Renovation Potential
The interior offers a simple, compact arrangement, with both bedrooms located on the main floor.
Historical property details indicate that each bedroom measures approximately 10 by 10 feet.
The residence contains four rooms altogether, including a main-level living room.
Property records also describe forced-air heating, central air conditioning, and a combination of carpet and tile flooring.
Rather than a full basement, the home rests on a crawl-space foundation.
Although the interior is relatively small, its layout may appeal to someone seeking a manageable renovation project or a compact residence.
However, the actual condition of the building and its systems must be verified.
A Detached Two-Car Garage Adds Possibilities
One of the property’s more appealing features is the separate garage.
According to public property information, the structure has space for two vehicles.
Depending on its condition, this area could provide parking, additional storage, or workspace for home improvement projects.
For a property with only 693 square feet of interior space, having a separate building could offer useful flexibility.
The surrounding lot is also relatively small, potentially making outdoor maintenance easier than on a larger property.
An Interesting History of Low Prices
The home’s previous sales and listing records reveal another intriguing part of its story.
Public records indicate that the property sold for just $12,450 in February 2014.
Later that year, it appeared on the market for $47,000 before experiencing several price adjustments.
By June 2019, the advertised price had fallen to $10,900 and was subsequently reduced to $9,900.
These figures are historical and do not represent the current auction price.
The property’s reported 2025 tax-assessed value was $65,600, while annual property taxes were approximately $1,252.
Neither figure establishes what a buyer would need to pay at auction.
Could This Be a Hidden Opportunity?
For investors and experienced renovators, older homes can offer possibilities, but they also come with uncertainty.
Because this Evansville residence dates back to 1927, prospective purchasers should carefully examine the roof, foundation, plumbing, electrical system, and other structural components.
The city’s outstanding property violations are especially important because they may require corrective work before the transaction can be completed.
The combination of two bedrooms, a detached garage, and a small city lot could make the property appealing to someone prepared for a substantial renovation.
Still, its final value will depend on the auction outcome, property condition, required improvements, and associated costs.
For now, the biggest question remains unanswered: How much will someone ultimately pay for this nearly 100-year-old Evansville home?
Listed on Zillow
