I passed this home up with another couple I was working with in Blaine because it was a short sale, and we saw some other houses that we liked more. That does not mean you should not look at it (we all have different tastes in homes after all).
Says that it is at a "pre-determined price". That should hopefully mean it is a "pre-approved short sale" where the bank has already approved that price. That can drastically reduce the time it takes to close down to only a couple month's. It would need to show better than the pictures, but I don't think it is at MV. I thought the home was just over 200k.
The list agent may be willing to submit a lower offer, or they may just hold out hoping a offer comes in that the bank wants.
We can talk till we are blue in the face, but ultimately my advice is to show the home and see what you think. People don't really buy homes off the internet lol! Go take a look and see if you like it, and if that DOES happen we can talk about market value and how to best proceed with negotiations. That is essentially a Realtor's job, and you don't need to worry about paying us sense the seller/bank does in MN.
We can schedule some showings of other homes in Blaine as well so you have something to compare to. I am available for showings just call or email me!
Realtor North/NE suburbs