Historic 1900 Farmhouse in New Palestine, Indiana – 3 Bedrooms, 0.77 Acres, and a Rare Real Estate Auction Opportunity
Historic 1900 Farmhouse in New Palestine, Indiana – 3 Bedrooms, 0.77 Acres, and a Rare Real Estate Auction Opportunity
Discover a Historic Farmhouse Auction in New Palestine, Indiana
Located at 5538 W 300 S, New Palestine, IN 46163, this historic farmhouse presents an intriguing opportunity for buyers interested in older homes, rural residential properties, and real estate auctions.
Built in 1900, the residence offers three bedrooms, one full bathroom, one half bathroom, and approximately 2,232 square feet of reported interior living space.
The home occupies a generous 0.766-acre corner lot surrounded by mature trees, providing a setting that combines traditional farmhouse character with outdoor space.
According to the listing, the property will be offered at a multi-parcel auction on October 28, 2026, at 12:00 noon.
It is being auctioned alongside another property located at 5552 W 300 S in New Palestine.
Interested buyers may have the opportunity to bid on one property or both, subject to the official auction terms.
The displayed estimated price of $1 should not be confused with an actual asking price or expected sale amount. The final purchase price will depend on the auction process.
The residence is being marketed as an as-is property with renovation potential.
Its traditional farmhouse architecture, attached two-car garage, covered porch, dining room, and additional office space contribute to its appeal.
The property also features a crawl-space foundation, aluminum siding, natural gas heating, central air conditioning, and a private water source.
For buyers who appreciate historic residential architecture, this home may offer an opportunity to restore an older property while adapting it to contemporary needs.
However, the listing does not provide a complete inspection report or a detailed renovation estimate.
Prospective buyers should carefully evaluate the building’s condition, understand the auction rules, and prepare a realistic financial plan before participating.
This comprehensive guide explores the property’s architectural features, interior layout, outdoor setting, location, renovation considerations, financial details, and important auction information.
Property Overview – 5538 W 300 S, New Palestine, IN
The property combines an older farmhouse design with a substantial residential lot and attached garage.
Key Property Details
| Property Feature | Listing Information |
|---|---|
| Property Address | 5538 W 300 S, New Palestine, IN 46163 |
| Sale Type | Multi-Parcel Real Estate Auction |
| Displayed Estimated Price | $1 – Not a Confirmed Selling Price |
| Auction Date | October 28, 2026 |
| Auction Time | 12:00 Noon |
| Property Type | Single-Family Residence |
| Architectural Style | Farmhouse |
| Year Built | 1900 |
| Bedrooms | 3 |
| Bathrooms | 1 Full, 1 Half |
| Total Bathrooms | 1.5 |
| Interior Living Area | 2,232 Sq. Ft. |
| Stories | 2 |
| Lot Size | Approximately 0.77 Acres |
| Garage | Attached, 2 Spaces |
| Porch | Covered |
| Exterior Material | Aluminum Siding |
| Foundation | Crawl Space |
| Heating | Natural Gas |
| Cooling | Central Air |
| Water | Private |
| Basement | None |
| Subdivision | No Subdivision |
| HOA | None Reported |
| Sale Condition | As Is |
| Tax-Assessed Value | $242,600 |
| Annual Property Taxes | $1,756 |
| MLS Number | 22128511 |
All information reflects the supplied listing and should be independently verified.
A Century-Old Farmhouse With Distinctive Character
One of the most compelling features of this property is its age.
Built in 1900, the house represents an earlier period of residential construction in Indiana.
Farmhouses from this era often reflect practical design choices intended to accommodate daily household activities.
However, the listing does not provide detailed architectural plans or a history of previous renovations.
The residence is identified as farmhouse-style, with two stories, a covered porch, and a traditional residential layout.
Its historical character may appeal to buyers who prefer older homes over modern subdivisions.
Nevertheless, age alone does not establish architectural significance or historic designation.
Buyers interested in the property’s history should research available local records.
Why Historic Farmhouses Continue to Attract Buyers
Older farmhouses can offer architectural features and layouts that differ from contemporary suburban houses.
Some buyers appreciate the opportunity to preserve traditional residential character.
Others may be interested in updating an older building with modern kitchens, bathrooms, and mechanical systems.
However, renovation work should be approached carefully.
Older homes may require specialized repairs or additional inspections.
The actual value of a farmhouse depends on its condition, location, land, and market demand.
Approximately 2,232 Square Feet of Interior Living Space
The property includes approximately 2,232 square feet of reported living area.
This provides a substantial amount of space for a three-bedroom residence.
However, buyers should verify the square footage through official records or professional measurement.
The listing does not provide a complete floor plan.
A property tour can help establish how the rooms connect and whether the layout meets the buyer’s needs.
A Two-Story Residential Layout
The farmhouse is described as having two levels.
According to the listing, the primary bedroom is located on the main floor.
The other two bedrooms are located upstairs.
This arrangement may provide separation between different sleeping areas.
However, buyers should inspect the stairway and accessibility of the upper level.
Older staircases may differ from modern construction standards.
Three Bedrooms With Different Dimensions
The residence includes three reported bedrooms.
The listing provides the following dimensions:
- Primary bedroom: approximately 8 by 13 feet.
- Second bedroom: approximately 10 by 12 feet.
- Third bedroom: approximately 5 by 9 feet.
The third bedroom is notably small.
Buyers should verify whether this room meets applicable requirements for a legal bedroom.
It may have practical limitations for furniture placement.
The actual suitability of each room should be evaluated in person.
Main-Level Primary Bedroom
The primary bedroom is located on the main level.
Its reported dimensions are approximately 8 by 13 feet, representing about 104 square feet.
A main-floor bedroom can provide convenience for residents who prefer not to use stairs for every sleeping area.
However, buyers should inspect the room’s windows, storage, and overall condition.
The listing does not describe a private ensuite bathroom.
Upstairs Bedrooms
The second and third bedrooms are located on the upper floor.
The second bedroom measures approximately 10 by 12 feet.
The third measures approximately 5 by 9 feet.
These dimensions suggest that the rooms may serve different practical purposes.
However, buyers should verify ceiling heights, windows, and legal room classifications.
The smaller room may require particularly careful planning.
One Full Bathroom and One Half Bathroom
The home is described as having one full bathroom and one half bathroom.
Although the property summary displays two bathrooms, the detailed listing clarifies the actual configuration.
The bathrooms are reported on the main level.
However, the listing does not describe their fixtures or renovation history.
Buyers should inspect plumbing, ventilation, waterproofing, and overall condition.
Traditional Dining Room
The farmhouse includes a dedicated dining room.
According to the listing, this room measures approximately 11 by 14 feet.
That represents roughly 154 square feet.
A separate dining room may appeal to buyers who enjoy having a designated area for meals and gatherings.
However, buyers should inspect its condition and relationship to the kitchen.
The listing does not describe the dining room’s finishes.
Main-Level Living Room
The living room is reported to measure approximately 14 by 14 feet.
This represents about 196 square feet.
A dedicated living room provides space for everyday residential activities.
However, the listing does not describe the room’s flooring, windows, or decorative details.
Buyers should evaluate furniture placement and the condition of the finishes.
Eat-In Kitchen
The listing identifies an eat-in kitchen.
The kitchen itself is reported to measure approximately 7 by 12 feet.
Ceramic tile is listed among its features.
The included appliances reportedly consist of a gas oven and refrigerator.
However, buyers should confirm that the appliances remain present and operational.
The listing does not identify the age of the cabinetry or countertops.
Kitchen Remodeling Possibilities
The property is being marketed for renovation potential.
A future owner may wish to update the kitchen.
Possible improvements could include new cabinetry, countertops, appliances, lighting, or flooring.
However, the feasibility of changes depends on the existing structure and plumbing locations.
Buyers should obtain professional advice before altering walls or mechanical systems.
No specific renovation plan has been approved by the listing.
Main-Level Laundry Area
The residence includes a laundry area on the main floor.
Its reported dimensions are approximately 3 by 6 feet.
Ceramic tile is identified as a feature.
However, the listing does not confirm whether a washer and dryer are included.
Buyers should inspect plumbing, electrical connections, and ventilation.
The space’s small dimensions may influence appliance selection.
A Versatile Office or Hobby Space
The seller describes an additional office area.
This may be useful for remote work, hobbies, or other permitted household activities.
However, the listing does not provide the office’s dimensions.
Buyers should verify its location and condition.
The room should not automatically be counted as an additional legal bedroom.
Attached Two-Car Garage
One of the home’s practical features is its attached two-car garage.
The listing reports two garage spaces.
This may provide parking or storage convenience.
However, buyers should inspect the garage structure, doors, electrical connections, and roof.
The listing does not provide the garage’s dimensions.
Its actual capacity should be confirmed during a visit.
Covered Porch and Farmhouse Appeal
The property includes a covered porch.
A porch can contribute to the traditional appearance of a farmhouse.
It may also provide a sheltered outdoor area.
However, the listing does not identify the porch’s dimensions or condition.
Buyers should inspect the flooring, railings, roof supports, and structural connections.
Older outdoor structures may require maintenance.
A Generous 0.766-Acre Corner Lot
The residence sits on approximately 0.766 acres, rounded to 0.77 acres in the property facts.
That equals roughly 33,367 square feet.
The lot is described as a corner property.
Its size may provide room for landscaping, gardening, and other permitted outdoor activities.
However, buyers should verify the boundaries through official records or a survey.
The lot should not be assumed to support additional buildings without zoning approval.
Mature Trees Surrounding the Property
The seller highlights mature trees as a notable feature.
Established trees can contribute shade and visual character.
They may also help create a more natural residential setting.
However, buyers should evaluate tree condition and maintenance requirements.
Large trees near buildings may require professional assessment.
The listing does not provide an arborist report.
Rural Setting Outside a Subdivision
The property is described as rural and not located within a subdivision.
The listing also reports no homeowners association.
This may appeal to buyers who prefer a setting without a conventional subdivision structure.
However, the absence of an HOA does not eliminate zoning rules, easements, or deed restrictions.
Buyers should verify applicable requirements.
Living in New Palestine, Indiana
New Palestine is a community in Hancock County, Indiana.
The surrounding area includes residential neighborhoods and rural properties.
The listing highlights the home’s location within the New Palestine school district.
However, buyers should verify current school assignments directly with the appropriate district.
School boundaries and enrollment policies may change.
Why Location Matters for Older Homes
Location is an important part of real estate valuation.
A historic farmhouse may attract different buyers depending on its surrounding neighborhood, transportation access, and nearby services.
The listing describes the New Palestine location as desirable.
However, buyers should evaluate the property based on their own needs.
Travel times, nearby amenities, and neighborhood conditions should be researched independently.
Natural Gas Heating
The home is reported to have natural gas heating.
However, the listing does not identify the equipment’s age or operating condition.
Buyers should request maintenance records.
A qualified HVAC technician can evaluate the heating system.
Any necessary repairs should be included in the ownership budget.
Central Air Conditioning
Central air conditioning is also listed.
This may provide convenience during warm weather.
However, the listing does not confirm the system’s age or recent servicing.
Buyers should arrange an inspection.
The equipment’s condition can affect future operating and replacement costs.
Private Water Source
The property facts identify private water.
However, the listing does not specify whether the source is a well or another private arrangement.
Buyers should request documentation.
They should also investigate water quality, supply reliability, maintenance responsibilities, and any required testing.
No particular water system should be assumed without verification.
Crawl-Space Foundation
The farmhouse has a crawl-space foundation.
Crawl spaces can provide access to structural supports and mechanical components.
However, they may require monitoring for moisture, drainage, and ventilation.
Because the home was built in 1900, foundation inspection is particularly important.
The listing does not identify any specific structural defect.
A qualified professional should evaluate the condition.
Aluminum Siding
The home’s exterior material is listed as aluminum siding.
This material is used on many residential buildings.
However, the listing does not provide the installation date or maintenance history.
Buyers should inspect for damage, loose sections, and moisture concerns.
Any necessary repairs should be included in the renovation budget.
No Basement Reported
The property facts indicate that the home does not have a basement.
Instead, it has a crawl-space foundation.
Buyers should not assume the presence of below-ground finished living space.
Storage and mechanical access should be evaluated based on the actual layout.
An As-Is Property With Renovation Potential
The listing identifies the sale condition as “As Is.”
This is a critical detail.
An as-is sale generally indicates that the seller is offering the property in its current condition, subject to the specific contract terms.
However, the exact legal implications depend on the auction documents and applicable law.
Buyers should not assume that repairs will be completed before closing.
Professional inspections and contract review are especially important.
What Does “Good Bones” Really Mean?
The seller describes the farmhouse as having good bones.
This is a common real estate expression suggesting perceived structural potential.
However, it is not a professional engineering assessment.
The listing does not include a structural inspection report.
Buyers should independently verify the condition of the foundation, framing, roof, and major systems.
The phrase should be treated as marketing language rather than proof of structural soundness.
Renovating a Home Built in 1900
A century-old farmhouse may require a different renovation approach from a newer home.
Buyers should evaluate the roof, foundation, electrical wiring, plumbing, insulation, and HVAC equipment.
They should also investigate whether previous alterations were properly completed.
However, the listing does not identify which systems need replacement.
A professional inspection can help establish the scope of work.
Environmental and Safety Considerations
Older homes may contain materials that require specialized handling during renovation.
However, the supplied listing does not confirm the presence of any hazardous substance.
Buyers should consult qualified professionals about appropriate testing.
Renovation plans should prioritize safety and compliance with applicable regulations.
Building Permits and Renovation Planning
Major renovations may require permits and inspections.
Buyers should contact the appropriate local building authority before beginning work.
Structural alterations, electrical upgrades, plumbing changes, and additions may be subject to approval.
The listing does not establish that any proposed renovation has already been permitted.
The October 28, 2026 Multi-Parcel Auction
The property is scheduled to be offered at auction on October 28, 2026, at 12:00 noon, according to the listing.
The auction is described as a multi-parcel event.
Another property at 5552 W 300 S will be offered during the same event.
The seller indicates that buyers may have an opportunity to purchase one or both properties.
However, the official auction terms should be reviewed to understand how bidding will work.
What Is a Multi-Parcel Auction?
A multi-parcel auction involves more than one property or parcel.
Depending on the rules, bidders may be able to bid on individual properties, combinations, or both.
However, the supplied listing does not provide the complete bidding structure.
Buyers should obtain the official auction documents.
They should also confirm whether combined bids could affect the outcome.
The Nearby Property at 5552 W 300 S
The listing mentions another home at 5552 W 300 S, New Palestine.
It is being offered in the same auction event.
However, no detailed property facts are provided for that second residence.
Buyers should not assume that it has similar dimensions, condition, or features.
Anyone interested in both properties should obtain separate documentation.
Scheduled Auction Preview Dates
The listing provides two preview opportunities:
- October 17, 2026, from 1:00 PM to 3:00 PM.
- October 21, 2026, from 4:00 PM to 6:00 PM.
These are the advertised preview times and should be confirmed with the auction organizer.
A preview can help buyers evaluate the property’s visible condition.
However, it may not replace a professional inspection.
Understanding the Displayed $1 Estimated Price
The listing displays an estimated price of $1.
This should not be interpreted as a realistic valuation or a guarantee that the property can be purchased for one dollar.
The final price will depend on the auction terms and bidding process.
The supplied listing does not establish a reserve price or minimum acceptable bid.
Buyers should request clarification before participating.
Tax-Assessed Value of $242,600
The property facts identify a tax-assessed value of $242,600.
However, this figure is not necessarily the property’s current market value.
Tax assessments may use methods that differ from real estate appraisals.
The assessed value should not be treated as a prediction of the auction result.
Buyers should evaluate recent comparable sales and the home’s actual condition.
Annual Property Taxes of $1,756
The listing reports annual property taxes of approximately $1,756.
However, future taxes may change.
Buyers should confirm current amounts with the appropriate tax authority.
They should also investigate whether any unpaid taxes or liens exist.
Auction Costs Beyond the Winning Bid
The final winning bid may not represent the complete acquisition cost.
Depending on the official auction terms, buyers may face additional transaction expenses.
These could include closing costs, title expenses, taxes, or other charges.
However, no specific buyer premium is confirmed in the supplied listing.
Buyers should obtain a written breakdown of all required payments.
Hypothetical Purchase Price Scenarios
Because the final auction price is unknown, the following table illustrates different possible bid amounts.
| Hypothetical Winning Bid | Approximate Price Per Sq. Ft. |
|---|---|
| $50,000 | $22.40 |
| $100,000 | $44.80 |
| $150,000 | $67.20 |
| $200,000 | $89.61 |
| $250,000 | $112.01 |
| $300,000 | $134.41 |
These figures are purely illustrative.
They do not predict the winning bid or establish the home’s value.
They also exclude renovation and transaction expenses.
Could This Be a Fix-and-Flip Opportunity?
The seller markets the property to investors and renovation buyers.
A buyer might consider renovating the home for resale.
However, profitability depends on the final auction price, repair costs, and future market conditions.
Carrying costs, insurance, taxes, permits, financing, and selling expenses must also be considered.
No investment return is guaranteed.
Long-Term Rental Possibilities
The property’s three-bedroom configuration may interest buyers researching long-term residential rental opportunities.
However, the listing does not provide rental income estimates.
It also does not establish that the home currently meets all rental occupancy requirements.
Buyers should investigate local demand, applicable regulations, and necessary repairs.
Rental income should never be assumed without market research.
Financing an Auction Purchase
Auction transactions may have different financing requirements from conventional home purchases.
Some auctions require deposits or relatively short closing periods.
However, the specific requirements for this property are not included in the supplied information.
Buyers should review the official auction documents and consult a lender before bidding.
Insurance for a Historic Farmhouse
Insurance costs may depend on the home’s age, construction, condition, and location.
The listing does not provide insurance quotations.
Buyers should contact insurers familiar with older residential properties.
Coverage availability and premiums should be evaluated before purchase.
Important Questions to Ask Before Bidding
Prospective buyers should investigate the following:
- What are the official auction registration requirements?
- Is there a reserve price?
- Is a buyer premium charged?
- What deposit is required?
- What is the closing deadline?
- Can buyers obtain professional inspections before bidding?
- What is the condition of the crawl-space foundation?
- When was the roof last replaced?
- Is the natural gas heating system operational?
- Does the central air-conditioning system work?
- What is the exact private water source?
- Are water quality records available?
- What is the condition of the plumbing?
- Have electrical systems been updated?
- Are there any outstanding code violations?
- Is the attached garage structurally sound?
- Are the advertised room dimensions accurate?
- What are the current school attendance boundaries?
- Are there any unpaid taxes, liens, or easements?
- How will bidding on the two properties be handled?
These questions can help buyers make informed decisions.
Who Might Appreciate This Property?
The farmhouse may appeal to buyers interested in historic residential architecture.
It may also attract experienced renovators and contractors.
The attached garage, covered porch, mature trees, and relatively large lot contribute to its appeal.
However, the property is being sold as-is through an auction.
Buyers should be prepared for the uncertainties associated with both older homes and competitive bidding.
Final Thoughts – A Historic Farmhouse Auction in New Palestine
Located at 5538 W 300 S in New Palestine, Indiana, this 1900 farmhouse offers three bedrooms, one full bathroom, one half bathroom, and approximately 2,232 square feet of reported living space.
The property sits on approximately 0.766 acres and includes mature trees, a covered porch, and an attached two-car garage.
Its traditional farmhouse design may appeal to buyers who appreciate older homes.
The residence also offers a dining room, eat-in kitchen, main-floor primary bedroom, and additional office space.
However, the property is being sold as-is and is marketed for renovation potential.
The auction is scheduled for October 28, 2026, at noon, alongside another nearby residence.
The displayed $1 estimate is not a confirmed selling price.
For interested buyers, the most important steps are to inspect the property, review the auction documents, verify the condition of major systems, and establish a realistic maximum bid.
With careful planning, the property may offer an opportunity to restore an older farmhouse in the New Palestine area.
However, no future resale value, rental income, or investment return is guaranteed.
Listing Information and Contact Details
Property Address: 5538 W 300 S, New Palestine, IN 46163
Sale Type: Multi-Parcel Real Estate Auction
Displayed Estimated Price: $1 – Not a Confirmed Sale Price
Auction Date: October 28, 2026
Auction Time: 12:00 Noon
Preview Date 1: October 17, 2026, 1:00–3:00 PM
Preview Date 2: October 21, 2026, 4:00–6:00 PM
Additional Property in Auction: 5552 W 300 S, New Palestine, IN
Property Type: Single-Family Residence
Architectural Style: Farmhouse
Year Built: 1900
Bedrooms: 3
Bathrooms: 1 Full, 1 Half
Interior Living Area: 2,232 Square Feet
Lot Size: Approximately 0.766 Acres
Stories: 2
Primary Bedroom: Main Level
Garage: Attached, 2 Spaces
Porch: Covered
Basement: None
Foundation: Crawl Space
Exterior Material: Aluminum Siding
Heating: Natural Gas
Cooling: Central Air
Water: Private
Included Appliances: Gas Oven, Refrigerator, Gas Water Heater
Subdivision: No Subdivision
HOA: None Reported
Sale Condition: As Is
Tax-Assessed Value: $242,600
Annual Property Taxes: $1,756
Parcel Number: 301018300009001012
Date Listed: October 2, 2026
Listing Agent: Marc Huber
Listing Email: huber.enterprises@yahoo.com
Brokerage: Huber Auction & Real Estate Group
MLS Number: 22128511
All information is based on the supplied real estate listing and is provided for general informational purposes. The property is being sold as-is through an auction, and the displayed $1 estimate does not represent a confirmed selling price or market value. Buyers should independently verify the auction schedule, bidding rules, deposits, fees, closing deadlines, title status, square footage, lot boundaries, structural condition, utilities, school assignments, taxes, and renovation requirements. Preview times and auction details may change. No purchase price, financing approval, rental income, resale value, or investment return is guaranteed.
Listed on Zillow
