Owner Occupy Property - Family Trust

[Thomas Ebenhoch]

First time investor here, looking to invest in a multi-family property that I plan to owner occupy.

I am currently looking at a triplex listed for $135K. Looking at the county tax assessment, the property was assessed last year at $159K. Digging deeper into the tax information I have found that the house is now owned by a family trust after having been owned by a single person for 20 years prior. I am assuming that the previous owner passed away (my family has something similar set up for my grandfather's house). 

The property has been listed for over 200 days, am I right in thinking that with the trust owning the property combined with the long time on the market, that the sellers may be a bit desperate?

Also, with the purchase price vs assessment value, would I immediately be walking into $25K of equity? 

Any help or advice for investing in an owner occupied property or purchasing from a trust would be much appreciated.