A reader sent this listing to me with the note:
MLS®: V617050 A/P:$539k (2006 September) +$151800 more or +39.2% above Ass value [hse# 3786]
I can't verify the assessment (without paying for it), but such exuberance to list at 39% above that.
This place actually has a big lot (7906 sqft), and the house actually looks to have some character, so it's not as stark a "deal" as some of what is out there.
How about offering 40% below assessed "value"?