If you like this home just watch it for a bit, I expect it will come down. I just sold a home significantly larger than this on a full finished basement with in-law set up for $525K, it was fully updated to include an all new kitchen and all baths. I also just completed a sale appraisal on Breakwater, that home was also larger with a full finished basement, not as updated but with more desired features - you can update a kitchen easier than digging a basement or building an addition.
Let me know if you want any additional information - hope this helps
Hank Miller, SRA, ABR
Associate Broker & Certified Appraiser
Prudential GA Realty
David Brower, Assistant Manager/Realtor