What should I offer bank owned?

[Billy Heinrich]

Good morning ! This is a great place I am enjoying all the information. Thank you all for sharing.

There is a cash only bank owned property that I am interested in. I have a propstream 7 day free trial and it says it is worth 95k.

Looks like the bank has 32k into it. They listed at 90k.  It has been on the market for 60 days. 

It is in a very bad area. The neighbor has a lot of junk in there yard and it looks like a car wreckage yard. This puts me off. The positive is.. it is a double lot so the neighbor is  2 lots away.

There is work to be done to it but I can do that myself. I feel like 10k is enough to get it in beautiful shape..if I do the work myself.

I felt like offering 45k to 50k? Is this realistic offer?