On site auction... worthwhile?

[Zachary Martin]

So while looking over the MLS'y sites (FranklyMLS if you're curious) for properties in my area I found one for 100k that is going to be an on-site auction. I believe its worth far more than 100k and while it has some pictures and needs some cosmetic work and a kitchen re-work, it looks pretty good.

As I'm very new (yet to find a property yet or even an agent), is this deep water territory/high gambling and I should avoid it?  Do I need to put down more details ?