Given the nose-dive the local market is taking, I would have thought we'ld have seen some sales below $500,000. 7 Windy Knolls sold today and it turns out this 2 bed/2 bath Cape is the first. Then again there have been only 16 sales year to date.
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If my recollection is correct, the house is a real fixer-upper or in other times a teardown. The land is flat to gently sloping to the street level, which means easy access and easy to build on.
Here is some perspective on single family sales below $500,000.
(Click on image to enlarge)
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