The home, if it was in better condition would be worth more but I agree with you, even at that price...and due to the condition of the home, it's ridiculous to be asking for that much. On top that, they are looking for all cash buyers. I would say good luck to them and look for something else. If you like, I can email you the detailed listing.
Please feel free to call or email me if I can be of further assistance.
sorry, had to retype due to a typo. :)