I thought it is a better buy than the houses in MM I listed above. I have lived near the freeway before. Double pane windows help a lot.
I think it is a good buy for the current market but I am still waiting and hoping for some additional price reduction. A similar home for $350K should be ideal just in case one of us get laid off we can still handle the payment. 1400 sq ft (single story) is about right for four people (although I have no children yet). I hate cleaning, so I prefer smaller homes.