Hello Mr. Jones,
This house has been up before at $170k for a lengthy time, then went into foreclosure. As a foreclosure listing, it has only been up for 3 days.
You seem to have a good eye for a deal and this one on paper looks pretty good. If you are interested in it, don't hesitate in checking it out. Great deals like this don't last too long. You will never know until you check it out.