The expression "throw and see what sticks" is best demonstrated in this listing.

[Jack Deer]

One doesn't have to try hard to figure out that some of the most inept creatures run the Real estate market. See this listing: https://www.zillow.com/homedetails/705-Peach-St-Floresville-TX-78114/78921338_zpid/?

[Bill B.]

Everything is weird about that listing. It’s under the tax valued, which would mean a steal in NV where the actual value is usually 2-3x the taxed value. It’s also listed for the 2017 value which seems like a steal. 

I have no idea what the land is worth or if there are any decent comps. $100k can easily by you a livable home on 1-3 acres in Midwest small towns but it wouldn’t buy you 1/8th of an acre in in some “affordable” markets. 

The sad part is someone is or was living there very recently. Hopefully someone buys it and either fixes it up or replaces it. Those girls in Indianapolis definitely save some homes in worse condition, sometimes paying more than $100k.