This is a bank owned property that has been on the market since April 2010. It came on the market at $189,900 and is currently offered at $164,900. Taxes are slightly over $4000.
The house was actually on the market in 2006 for in the 300's, secured a contract, but it fell apart. It came back on the market for $275,000 but never sold.
I would assume there are some problems here.....and also, perhaps, oppty for those who can accept the challenges of the problems. Due diligence will be on the shoulders of the buyers, as there are no disclosures.
Hire a very good inspector for this one, and see if the challenges spell opportunity or walk-away.
If you have further questions, you can reach me at 732 784 8450