Amy obviously your realtor did not do much research on the home. That particular home was listed for sale back in October of 2006. It was listed for 1.295M-1.395M. The listing did not sell and expired in April of 07. The listing then went back on the market 2 months later in June of 07 at 1.429M! Currently the property has a Lis Pendens filed on it so that would need to be dealt with before anybody bought the home.
Anyways the listing has expired, the house is not in escrow.