Your eyes do not deceive you. You are reading the price correctly. Before you get TOO excited, make sure to take a look at the pics for this major project. We will start with the good, then move on to the exciting! The good: The house is on one of the best lots in the subdivision. Two HUGE yards are great for parties, sports, gardens, a pool, or whatever you can think of to do outdoors. More good: the house seems to be free of leaks and foundation issues - but do your own due diligence of course. There is a full sized laundry room, a flexible living-dining area, and a wood burning fireplace. The exciting part, other than the price, is that you will be completing a total cosmetic renovation. The house needs all new floors, some sheet rock, paint and texture, new appliances, a kitchen renovation, and some work on the curb appeal. Best of all, you have a fresh start in the master bath, because the shower surround is down to studs. Buy a grand adventure with this investment today!