1532 Crescent is somewhere close to the same boat. It was listed at $550K a few months back as a short, then went off the market. The owners haven’t paid their 12/07 taxes.

The ‘best’ houses in this area have been going for 615K in recent months. Given the Crescent reference above, I would expect the new price in SEH to be between 550-575 this fall and probably lower in the spring as the rest of the shadows go on the market.