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$35,000

1510 E Locust St Petersburg, IN 47567

2 beds
1 full, 1 partial
1,184 sqft
0.08 acres
$30 / sqft
House

Property details

About 1510 E Locust St

Exceptional opportunity awaits in Petersburg! This property offers a projected high After Repair Value (ARV) , making it an outstanding prospect for a savvy investor's next fix-and-flip or a homeowner ready to create their personalized dream residence. A rare find, this home includes two adjacent parcels, expanding the total lot size to a generous 7,000 sqft - providing ample space for expansion, significant outdoor living, or future development. The price point offers tremendous value. Key updates already in place include newer windows, a recently installed hot water tank, and a furnace that is approximately 5 years old, reducing initial capital outlay. This 1920-built home currently requires a new roof, comprehensive cosmetic updates throughout, and new plumbing. Don't miss this unique chance to capitalize on a property with substantial potential for equity growth in a desirable location.

Highlights

Home typeSingle Family Residence
HeatingNatural Gas, Hot Water
StatusActive
Size1,184 sqft
Lot size0.08 Acres
Year built1920
MLS #22048353

Summary

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Appliances: None
  • Basement: No
  • Interior: Hardwood Floors
  • Total Bedroom Count: 2
  • Architectural Style: Other
  • Heating: Natural Gas, Hot Water
  • List Price: $35,000
  • Price/SqFt: $29
  • Annual Tax Amount: $262
  • Tax Year: 2023
  • Directions: GPS Friendly
  • Year Built: 1920
  • Living Area: 1,184 SqFt
  • Lot Size: 0.08 Acres
  • MLS Number: 22048353
  • MLS Name: MIBOR
  • Office Name: Beycome Brokerage Realty LLC
  • Office Email: contact@beycome.com
  • Listing Agent: Steven Koleno

IDX Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

DMCA Notice

Copyright ©2025 MIBOR REALTOR® Association. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/2/2025, 11:46:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2023$25,200$262
2021$20,300$215
2020$19,300$195
2018$18,300$187
2017$17,900$177

History based on county public records data.

Nearby schools

6

Petersburg Elementary School

Public District PK-5

0.2 mi

1415 E Alford St

4

Winslow Elementary School

Public District PK-5

8.1 mi

301 E Porter St

6

Veale Elementary School

Public District KG-6

9.1 mi

326 E 450 S

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $44,288. Typical income of Petersburg, IN residents is between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

How much money do the neighbors make?

32%
<35k
56%
35k-100k
10%
100k-200k
2%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

41%
Single, No Kids
12%
Single, with Kids
29%
Married, No Kids
18%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

13%
<11 yrs old
7%
12-17 yrs old
22%
18-34 yrs old
40%
35-64 yrs old
18%
65+ yrs old

What do the neighbors do for fun?

  • NASCARNASCAR
  • Monster TrucksMonster Trucks
  • HuntingHunting

Where do the neighbors shop?

  • Dollar GeneralDollar General
  • Wal-MartWal-Mart
  • Academy Sports & OutdoorsAcademy Sports & Outdoors

Where do the neighbors go to eat?

  • Hardee'sHardee's
  • Jimmy JohnsJimmy Johns
  • ApplebeesApplebees

What do the neighbors drive?

  • GMCGMC
  • ChevroletChevrolet
  • RamRam

What do the neighbors listen to?

  • Classic CountryClassic Country
  • CountryCountry
  • New CountryNew Country
All data provided by Home Junction and Claritas

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Frequently asked questions

About 1510 E Locust St

The listing price of 1510 E Locust St property is $35,000.

The property 1510 E Locust St is a house located in Petersburg, Indiana, 47567.

Active Listing: 1510 E Locust St is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 1510 E Locust St are: Petersburg Elementary School (GreatSchools Rating 6/10), Winslow Elementary School (GreatSchools Rating 4/10), Veale Elementary School (GreatSchools Rating 6/10), Pike Central Middle School (GreatSchools Rating 4/10), Waldo J Wood Memorial Jr High School (GreatSchools Rating 5/10), Washington Junior High School (GreatSchools Rating 5/10), Pike Central High School (GreatSchools Rating 5/10), Waldo J Wood Memorial High School (GreatSchools Rating 6/10), South Knox Middle-High School (GreatSchools Rating 6/10).

According to the records, the last property tax for 2023 is $262 (source: MLS/based on county public records data).

The property at 1510 E Locust St has 2 bedrooms and 1 full and 1 half bathrooms.

The property 1510 E Locust St is 1,184 SqFt (source: MLS/tax record).

The year of construction for 1510 E Locust St is 1920.

This home is located at 1510 E Locust St in Petersburg, IN and zip code 47567. This 1,184 square foot home, which was built in 1920, sits on a 0.08 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 1, 2025 and is currently priced at $35,000.

In June 2025, from all listings sold in Petersburg, IN there were more than 0 sold above asking price, over 2 sold below and more than 3 were sold right at the asked price. The inventory of homes for sale in Petersburg, IN between May and June 2025 did not move.

From Rocket Homes Real Estate and based on county public records data.

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