One family home for sale in auction. Build in: 1972, Square footage: 1,516, Lot size (acres): 0.4, Bedrooms: 3, Bathrooms: 2. Auctions offer a 1st chance to snap up certain properties, some of the best properties get purchased at auctions. Also, because of the extra risk involved and because fewer people may be interested in the property than if it were available through traditional channels, prices can be lower.