1) This home sold back in October 2006 for $565,000. 2) It was subsequently listed as a short sale in May 2008 at $475,000. 3) The listing apparently "expired" and went into foreclosure on 11/12/08. 4) It was then re-listed as a bank-owned/REO on 11/26/08 at $377,500 and was in escrow within 5 days. 5) It closed at $380 on 1/5/09. Looking at some of the photos from May 2008, the home had not been updated. I hope that helps.
If you are looking for a good deal, they are out there.