Why is the is home selling for so low? It is a small home on a small lot. Lot's of improvements made to this property. Brand new furnace two weeks old. Modern kitchen and bathroom (shower) only. Full basement with laundry. I have seen water in the basement twice in 33 years. There is one car attached garage with two open spaces. This parcel is being subdivided from another. I don't have the exact land area but I will in the next few weeks. I guessed at the assessed value.