I believe it's 5 acres of land in a very rural part of town. 

Are you an investor in town as well?

I needed to make a decision as closing was just over a week out, and I was going to be out of town for the rest of the week.

She just got a new job about 1 hour from here (normal commute for this town) but I think she might be underestimating the traffic on I95 (its really only 20 miles). 

2) Investing in college towns?

I own a quad in a C-2 zone that has 4 freestanding tiny homes ~325 sf each, the city was VERY clear that these are grandfathered (built in 1918) and if they were ever demoed we could not rebuild the same size units. 

Below are the details:- Single family home, 3 bedroom 2 bath- 1464 square feet- $310,000 asking price- built in 2003- 20% down with an est. mortgage of $1,347The home is in great conditions and won't need any major repairs.

The other thing is the homes all around my property are getting bought and scraped and row homes are being built in their place and I think that will make my little old house less desirable when it is towered by these townhomes. 

It could be a syndicate has ran it's course, a bad partnership, a divorce and a split of assets, investor is bringing investments closer to home, needs money for another project, etc.Sounds like you are competing with home buyers who will pay a premium and are fine with just a little built in equity.

This is a sold built house, but not the Hilton.