g2006, you have entered the “popcorn phase.” I have no specific knowledge of this house or this area but this is my new theory that I think will apply to all areas, so look for it (it was developed during the world famous “three car garage monitor” research).

This house broke a mystical pricing level, it probably has it’s drawbacks and there are things wrong with the property, it may be a short or a repo, it may be the smallest one on the street and have the smallest lot. You may try to talk yourself into it, but wait. A month may go by and no others join it below that level, wait further. Then another brave soul will join it, then two more then another four, then another eight, then the next thing you know there are 26, then the race is on to reach the next level, 550k. It’s microwave popcorn, one pops, then another, but after a while it sounds like a machine gun. The trick is to turn off the micro before it burns, I haven’t go that part of the theory worked out yet.