However houses in my neighborhood (comparable to mine) are selling upwards of $300,000. 

You will likely need an architect to create some plans and elevations and/or renderings to show your proposed building will fit in with the neighborhood.

This is a 3BR 1.5 bungalow in a B class neighborhood.

In my opinion, I wouldn't limit yourself to type of house or even neighborhoods.

Aside from family issues, this is a lousy cash flow investment, and nothing but a prayer to be bailed out by appreciation.He could go out to the closest underwater neighborhood and sign up deals this bad ALL DAY LONG.

We are selling at the top of the market for the neighborhood.

The area where the Beverley Farms Elem have some homes in the $550K range (older style ranch homes) but their neighbours who have torn down their older homes have built these mansions that are going for $800K-$1million.

I purchased a house in early June in a class B working neighborhood for $30,001.

Nice neighborhood.

What works for a upper middle class neighborhood is not going to work for a lower income area.