What type of information do you need? Of course I should ask are you already working with a buyer's agent? If you are just ask them for a CMA of the home/neighborhood. As far as the listing I cannot comment yet since I have not seen it nor do I know what kind of upgrades they have in the home. It is not uncommon for residents to over improve their home and think that they can recoup all of the improvements that they have put into their home. So you may be correct in stating that the price is high.
Are you relocating from CO? I just helped someone buy a home here in Greensboro from the Denver area.
Well Good Luck and let me know if you have any questions or need any help.
Coldwell Banker Triad
That area has become one of the most sought-after in Durham by people who want to live in a friendly, tree-lined, relatively safe central neighborhood. I do not doubt that someone will pay that much for a big, beautiful house in W-H (I probably would if I could afford it). I'd be happy with a 2 br, 1 bath house on a single lot in Watts-Hillandale, but I can't find one for less than $200,000--which is already way over my budget ;-)
I know that neighborhood very well, grew up there, and have family still living there. That price does not really surprise me, especially if the lot is that huge. The neighborhood has historical status, and many of the homes are old and grand. It is a very sought after neighborhood, and though many homes seem incredibly over-priced (compared to other areas of Durham), people often get what their asking, however exorbitant. Bottom line - great neighborhood, good luck!
$178 per square foot? That's insane. Here you should be paying about 120 for something nice, 150 for something swanky. You're paying, it would appear, for the big lot.
Are you working with a local buyer's agent? If so, they should be able to pull the comps and do a CMA for you.
If you are not working with a buyer's agent, you need to get one as quickly as possible. The service is free ( most of the time), will save you time, energy, and money especially if you live out of town.
I would be happy to work with you if you do not already have an agent.