BiggerPockets

Doesnt matter what it sold for, even if was recent if its FMV isn't in line with that, could of been some scam or fraud. If its on MLS most times its not gonna be a deal, as most real wholesale deals dont linger on the MLS, there gone in hours, maybe a day or so, Unless its like a REO with a 7 day period to bid or something on that line. Been on market for 3 weeks, quite some time for a true steal of a deal. The bank purchased the property or forclosed on the property?
Comps well above 100k?
$500K is well above, this case it might be a steal!
to some people 105K might be well above. this case maybe not.
Not much info in post. Doubt if its 20K lower then the other properties in area its move in ready, since its been on MLS for weeks by that time a owner occupant could of looked and made offer, guessing it needs some work. 20K isnt much of a spread for a $100k flip, depends on the work needed, then you have to add realtor comissions and such.
Is property overly big for area? does it fit in with most of the other recently sold properties, cant use price per sq ft to compare 800sq ft houses with 3000 sq ft
Depends on what you want to do with property? No money isnt a problem as short term HM is normally a possibility if the property is low enough LTV. Wholesale or bird dogging the property is probablly your best bet, but I'm willing to bet most investors looking for bird dog properties in your area have seen this property.
-Scott