All of the other homes on the street sell for over 400k, and the house is on one of the best lots on the street, with an excellent yard.

Wall Street bankers are looking at low bonuses this year, hedge fund returns are flat and some buyers of high-end real estate from China, Russia and the Middle East are cutting back.

Driver around all the streets and look for vacant houses.

The first is 21 Lyons Street which was a short sale for $169,000 on a $185,000 bank appraised value.

Do the same with the neighbors on each side and across the street.

The street seems pretty nice.

I've had streets where I couldn't find a single property to add to my list and I've had individual streets where I add 10 houses over the course of five minutes.

Seller is calling for best and final offer (multiple offers) and I am going up to 61K.I have gone above asking before but never more then 1000.I know the street the house is on very well and ARV is easily over 100 and it needs about 20K worth of work. 

Yes that is the fishtown area, could also be kensington depending on what street its located on.

The best thing I've found is going on the county auditors page and searching the street your potential property is located on as well as a few nearby and identifying sales in the past 6 months.