If I was the listing agent, I'd tell you to offer at least $96,000. If I'm your buyerâ€™s agent, I'm going to do research about the recent sales of comparable homes. Guessing how much is a dangerous game. The price may be high, low or fair but without solid research on the property knowing it current condition, upgrades and whether the seller has any equity or if it's a short sale no one should give you specific advice.
Have a local agent show you this home and any they feel are similar so you can make an informed decision and then work with them on an offer strategy to get you a good value.