Background:5 years ago my wife and I bought our starter home. 3 bed./2,5 bath w in-law apartment, 2200 squ/ft in New England.

Those new windows might be top of the line but i bet they'll break just as easily as the old ones.9) comps. i believe the general idea is if you can't find solid comps in the immediate area, you go with average price per sqft in the neighborhood.

I wish I could have expanded the garage to an 800 sq feet 2 bed 1 bath. 

Is an offer of $130k-150k out of line?

The info provided is from a wholesaler Please note he states its a teardown and the asking price is more than the comps he provided which are larger properties than the subject property.SFR2 bed / 1 bath 792 sf Lot: 8,599 sfPickup Price: $475KEst Rehab: $775KAfter Repair Value: $1.8M ($450K per unit)Tear down existing home to build 4 brand new townhouses with 3 bed 3 bath and approx 1,500 sf each unitComparables: 12307 Cheshire St # A Norwalk, CA - 3 bed 3 bath 1,322 sf Sold Price: $435,000 14786 Pioneer Blvd Norwalk, CA - 3 bed 3 bath 1,483 sf Sold Price: $422,000 12309 Cheshire St # C Norwalk, CA - 3 bed 3 bath 1,142 sf Sold Price: $417,000

@Simone NicholasTaking $50k out is no problem if the numbers line up.

Do you have an inspector lined up prior to close?

Just spouting out here, but definitely get that clarified as you do not want to cross the line where a friend is planning on paying you commission from the sale as if you were an agent if you don't have your license. 

I ignore the price, step 1 is to get to the front of the line. 

I am also planning to likely do a flip to see how it goes as I have already built some relationships with local wholesalers and have a private lender or 2 lined up for once I land a good deal.