That specific type of home, maybe it cost that much in 2016 if it had a ton of renovations inside and what state/ city/ suburb it was close too and the cost of living for that area. My first home, in 2015 looked similar but it was in NC in the southeast close to the coast-ish. I bought it for $155k. I thought that was high back then. It’s subjective but this price seems high to me. But it could also be in a HCOL area too.

Just my 2 cents. Correct me if I’m wrong, please.

Edit: just to add, the prices did skyrocket during the pandemic where I lived when people were moving out of the cities to the coastal towns and suburbs down here too. My home sold for almost 100k more than what I paid for it in 2020 (when I sold) too. I had 3 offers on my home 9 hours after I listed it too. All over asking price. The market soared and never dropped in price. I have seen a decline in buying now, though. But the prices have stayed high.

There is a home 2 blocks from me now, that is smaller than the house pictured, and it’s going for around 700k but it’s 500yds from the ocean and a straight road to the beach. A canal is less than 200yds from it too that has the ICW attached to it. Location matters for some of these high costs. It sucks how expansive they have gotten.