Analyze this deal - 15,000$ home?

[Morgan Jarman]

Straight up - I'm BRAND new to this. I have zero idea what I'm doing.

So can anybody explain this: https://www.coldwellbankerhomes.com/ut/layton/48-9... to me?

15,000$ and it's listed that way on multiple sites. It is small (730 sq feet is the estimate) but even so, how is this possible? What's the big catch? I'd expect obvious repairs will be needed and updates, it's clearly not a luxury home. But 15,000$? Am I simply reading it wrong? I know it says the HOA fees are 515$ monthly, so that's definitely adding to the price.

I know most of the area and Layton isn't the lowest income place either. It is lower end financially, but certainly not the lowest. 

I'm sorry if this is a dumb question and there's a clear and obvious catch - or that it's just simply not worth that much, including our time, but I'm just trying to learn what I can. Thank you!