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.
Sold
$22,000
1510 E Locust St, Petersburg, IN 47567
2beds
1,184sqft
Residential, Single Family Residence
Built in 1920
3,484.8 Square Feet Lot
$22,700 Zestimate®
$19/sqft
$1,177 Estimated rent
Home value
$22,700
Estimated sales range
Not available
$1,177/mo
Zestimate® history
Owner options
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$1,177/mo
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$1,177/mo
Rent Zestimate®
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$108/mo
Est. payment
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$108/mo
Est. payment
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List your homeWhat's special
Future developmentTwo adjacent parcelsAmple space for expansionSignificant outdoor livingNewer windows
Zillow last checked:
Listing updated:
Listing Provided by:
Steven Koleno 804-656-5007,
Beycome Brokerage Realty LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22048353
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 132 Square Feet
- Dimensions: 12x11
Bedroom 2
- Level: Main
- Area: 132 Square Feet
- Dimensions: 11x12
Kitchen
- Level: Main
- Area: 110 Square Feet
- Dimensions: 11x10
Living room
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11x11
Heating
- Natural Gas, Hot Water
Cooling
- Central Air
Appliances
- Included: None
Features
- Hardwood Floors
- Flooring: Hardwood
- Has basement: No
Interior area
- Total structure area: 1,184
- Total interior livable area: 1,184 sqft
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 3,484 sqft
Details
- Parcel number: 630226412002001012
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Residential, Single Family Residence
Materials
- Other
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Water: Public
Community & neighborhood
Location
- Region: Petersburg
- Subdivision: Sub Not Found In Table
Price history
| Date | Event | Price |
|---|---|---|
| 9/5/2025 | Sold | $22,000-4.3%$19/sqft |
Source:  MIBOR as distributed by MLS GRID #22048353 Report a problem | ||
| 8/12/2025 | Price change | $23,000-4.2%$19/sqft |
Source: MIBOR as distributed by MLS GRID #22048353 Report a problem | ||
| 8/5/2025 | Price change | $24,000-4%$20/sqft |
Source: MIBOR as distributed by MLS GRID #22048353 Report a problem | ||
| 8/2/2025 | Price change | $25,000-13.5%$21/sqft |
Source: MIBOR as distributed by MLS GRID #22048353 Report a problem | ||
| 7/25/2025 | Price change | $28,900-3.3%$24/sqft |
Source: MIBOR as distributed by MLS GRID #22048353 Report a problem | ||
| 7/21/2025 | Price change | $29,900-0.3%$25/sqft |
Source: MIBOR as distributed by MLS GRID #22048353 Report a problem | ||
| 7/18/2025 | Price change | $30,000-14.3%$25/sqft |
Source: MIBOR as distributed by MLS GRID #22048353 Report a problem | ||
| 7/1/2025 | Listed for sale | $35,000+250%$30/sqft |
Source: MIBOR as distributed by MLS GRID #22048353 Report a problem | ||
| 5/19/2011 | Sold | $10,000$8/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $269 +6.5% | $28,400 +6.4% |
| 2024 | $253 +9.4% | $26,700 +6% |
| 2023 | $231 +12.7% | $25,200 +10% |
| 2022 | $205 +5.1% | $22,900 +12.8% |
| 2021 | $195 +4.3% | $20,300 +5.2% |
| 2020 | $187 -34.4% | $19,300 +4.3% |
| 2019 | $285 +60.7% | $18,500 +1.1% |
| 2018 | $177 -53.6% | $18,300 +2.2% |
| 2017 | $382 +24% | $17,900 +1.1% |
| 2016 | $308 | $17,700 |
Find assessor info on the county website
Neighborhood: 47567
Nearby schools
GreatSchools rating
- 7/10Petersburg Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 5/10Pike Central Middle SchoolGrades: 6-8Distance: 4.4 mi
- 5/10Pike Central High SchoolGrades: 9-12Distance: 4.3 mi
Schools provided by the listing agent
- Middle: Pike Central Middle School
- High: Pike Central High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$22,700
2% more
+$454
With Zillow Showcase(estimated)
$23,154
- Indiana
- Pike County
- Petersburg
- 47567
- 1510 E Locust St
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