07/25/03 $356,000.
12/09/03 $375,500.
05/04/05 $485,000.
On market $279,000.
House is nicely fixed up on the outside, don’t know about the inside. Maybe something severe but hidden like foundation problems if they’re recommending a tear-down. Or, (back to the original argument), maybe banks are getting serious at what it will take to make sales.
That said, it’s on a depth-split lot, so the set-backs required for modern construction would seem to preclude rebuilding anything bigger (as does the tiny 3000sf lot size).
County records says it’s 650SF, MLS says 800SF: maybe someone enclosed a porch in back, or re-measured with a more generous tape-measure.