The foreclosed home you are seeing on Trulia is 204 Cedar Lake Drive. MLS#212906 listed at $524,900. The value you are seeing on Trulia of $484,125 is the market value that they have assigned to this property but that is not always accurate. It is just an estimate of value. I looked this property up on another site that I have access to and that valuation showed $602,000, so you can see there are variations in these numbers. This home is priced $100,000 below tax value but you can still negotiate with the bank on an offer. If you have interest in this home or other foreclosures in the Statesville area, I am happy to help. I can set you up with a free automated search that will send them directly to you as they come on the market. If you have additional questions, feel free to contact me. Have a great day!