As you know, a similar sized 4-bedroom REO home (shown below) is pending in escrow at: 690 Thomas St, in Oak View... The property you see has a notice of default filed on a mortgage lien. It won't be listed at this price for obvious reasons. I had a listing around the corner, too, at 80 High Street (as a short sale). That now REO owner of record is still looking for a buyer... Good luck in your home search!