I've been offered $200K for the place. I'm considering it. What is your bottom cut-off point? Or do you have one? (BTW, the house has been assessed by city to be $200,000 -- that's what my taxes are based upon.) My feeling is that this place probably needs $25K to bring it up to the level of a condo. According to http://www.quickenloans.com/lpHouseValue/CnHouseValueByHPI/ql/content_3col/hec_calc_home_value.en.html , the estimated value of this place is $219,465. http://www.laurelacker.com/brokerage_estimate.cfm says $282,543.64. http://www.homestore.com/finance/housepriceindex/yearly/37.asp#projectioncalc says $233,603.