Wait for the foreclosure


188 Bedford Road, four acres and a tear-down and asking $1.2 million reports a contract.

The late owner paid $1.5 for it in 1999, put some renovations into it in 2012, and put it up for sale in 2014 at $2.996 million. That was an ill-advised price for this location and house, obviously, but $1.2 (or less, depending on how negotiations went with the bank) isn't bad, assuming you want to live in this location.