Ugly Neighbor - how much to discount ARV (or stay away completely)?

[Henrik Frank]

We are looking at a place in our farm that's appealing, but the neighbors aren't great. They aren't terrible (war zone or horders), but certainly not nice either (one neighbor has an old car sitting in the front yard).

Overall, the neighborhood is hit or miss. There is a huge mix of houses ranging from old and beat up 60s houses that can be had for $60K to brand new and reasonably high end houses that will run $250K+ (for bigger ones). On any given street, you may have a cluster of really nice places and then an old and worn one, or the opposite.

We have the ARV for the house in question as $170K. How much would you subtract for two ugly neighbors (one next door, the other across the street)? Or would you kill the deal because of this?

Thanks!