This property was or may still be in foreclosure. The previous trustee sale date was 11/27/07, but without further research, I don't know if it was postponed or actually sold at trustee sale.
The home has had some remodeling and according to the MLS information, the status of the sale is pending since 3/2. The original list price was $215K and has been reduced to $189,999, once reduced to that price, it went pending in 18 days.
A comparative market analysis reveals that homes in that particular area are selling for $104K - $199K depending on condition, garage or pool.