They are paying the premium for “walkability” which for some people ends up near the top of their list when searching for a home. There’s a lot to be said for the ability to walk 5 minutes to restaurants, bars, coffee shops, grocery stores, etc. So while the house may be “meh,” the location is great with tons of stuff along Adams Ave.
Those of us who enjoy a walkable neighborhood have the opposite view of many in this thread — why pay all that money to have to live out in the boonies where I need to hop in the car and drive for 15 minutes to pick up a 6-pack of beer?