According to the listing, the lot is described as "value in land", which is understandable because it is 1.1 acres on Fox Island with a view of the water. According to the listing, the building condition is "very good", which the photos seems to affirm with beautiful woodwork throughout and hardly any sheetrock. The radial ceiling decoration over the claw foot tub is particularly distinctive. The surprise is that the two combined have a price of $350,000, low when compared to a Seattle house with an acre, a water view, and solid construction. One of the caveats may be that the house is on Fox Island (probably no relation to the TV network), but not everyone has to commute, and Tacoma is reachable by a bridge. Being close and far away has its advantages. Another caveat or feature is the size; it is a 1 bedroom, 1.5 bath, 624 square foot Northwest Contemporary that was contemporary in 1982 and continues to look like it fits the space. It may be hard to fit into a casual house shopping tour, but being out of the mainstream and off the mainland is evidently something lots of islanders have proved has value to someone.