A good deal?

[Candice Gold]

So, i've been lurking BP and reading as many books as possible; (currently on Think & Grow Rich) but i'm no where near ready to start investing. Or, I don't feel ready. Well, I noticed this pop up near me and I'm curious on your thoughts just from looking at the listing page. 

http://www.realtor.com/realestateandhomes-detail/1...

1) I don't see on the listing that it's a foreclosure, any idea *why* it may be priced $225K below the 2014 appraisal? 

*The market appears to be decent in my area, we just went through the house buying process and ones we were interested were jumping off the market in days.

2) If you saw this in your area, what would your next step be? Would you be interested? 

I'm not completely clueless on this, I have a general idea of what to do - but I am curious to your individual thoughts. 

Thank you all from a first time poster!