How much would 2.65 acres cost in Hagerstown, MD?

[Kevin Washington]

Hey guys I need some advice. I have a guy looking to sell me 2.65 acres in Hagerstown, MD for $500k. The land comes with a run down 3 bed / 2 bath house with about 1,800 in sqft. I’m a rookie when it comes to investing in real estate especially when dealing with land. Do I have a deal or should I negotiate for a lower amount? Thanks!

[Benjamin Seibert]

@Kevin Washington it depends on where the 2.65 acres is located in Hagerstown, but I doubt it should be worth $500k. That seems like its definitely too high for the area (unless it's right downtown)