Despite the loss of home value around it, this house is now priced at "fair market value"--meaning the mortgage is the same as what it would fetch for monthly rent ($1000-$1200).
A couple of houses on Banbury Street sold for $225-$235k in 2010/11. And a couple of houses the same size sold for $290k during the bubble. Those buyers aren't "moving up" any time soon.
2007 price $275k
2000 price $190k
The house was lost to foreclosure auction on August 30.
Today's price: $153k or 45% less than 2007's price.
Today's price: 20% less than 2000's price.
Fannie Mae Homepath. It may be purchased for 3% down, and if it goes under contract by Oct. 30, Fannie Mae will pay 3% in closing costs. It's eligible for a reno-only loan, so it does need some work.
The old listing, via/copyright Trulia: