At $1,450 for a waterfront unit, you're looking at a property priced well below the current median condo sale (~$375K–$412K), which should raise questions about condition, title, or what inspection reveals—especially given that the 1974 building likely faces upcoming reserve assessments that are already depressing median prices down 7.4% year-over-year. The real trade-off here is location (direct waterfront in a established beach town) against age and the structural/mechanical gamble of a 50-year-old condo without an HOA buffer, so get a full engineer's report and ask for the reserve study before assuming this is a steal rather than a warning sign.

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