Five people will be able to name their price for a historic home in Jeffersonville, provided they make the best offer.
The Indiana Department of Transportation is accepting bids for five homes relocated in downtown Jeffersonville as a result of the Ohio River Bridges Project. The homes were moved earlier this summer out of the path of the new downtown Interstate 65 bridge and corridor.
INDOT agreed to relocate the five homes, built in the late 1800s and early 1900s, as part of a 106 Memorandum of Agreement commitment. And all but one of the homes was relocated to another spot within Jeffersonville’s historic district, placed on new foundations and are up for sale.
“The work’s pretty much finished,” said Kevin Hetrick, design director and deputy project manager with INDOT.
He added that there were fairly minimal rehabilitation projects completed inside the homes, fixing any damage caused during the move and bringing the electric up to code. The bulk of the rehabilitations included creating the foundations for the homes, new painting and new siding on some of the properties. New water heaters and furnaces were also installed in the homes.
Mike Bosc, Indiana spokesman for the Ohio River Bridges Project, said the state is accepting sealed bids for the properties, for which there is no minimum price.
“There’s no low bid, but the state can refuse an offer,” Bosc said.
Another provision tied to the purchase of the homes is that it must be owner-occupied for five years. If the winning bidder decides to sell the home before the five-year term is up, the provision would be passed on to the new purchaser.
“We want people that are going to fix up those homes and be there for a long time,” Bosc said.
The money collected for the auction of the properties will go back into the state’s general fund coffers and be used to offset some of the expenses to move the homes, Bosc said.