Nice area, but I admit that is a small house, and a small lot. Pluses are that it is far north of Adams and is well-kept up. Price per sq ft is still pushing it.
I recently had a real-estate person come by, and say that for the first time in a while, she now had a lot of homes under $500K. My best guesstimate is that this neighborhood will end up with most homes in $350K-$450K range when the dust settles (though the bottom may be lower, esp. for some of the cheap condo-conversions).