The house down the street listed for $160,000 is basically underpriced at $55.83 per square foot. The average in that area is approximately $75-80/square foot. That house is a short sale listing, which means that ultimately, the bank will decide the price it will sell at. That listing price was just an attractive number to get an offer. I hope this helps!
Hope this answers your question......have a great day Jan DeTomaso, Realtor
I hope this will help you answer to your question.
Jose D.C Romero
Tesa Noonan 661-717-3394
Coldwell Banker Best Realty