I was browsing through the Hot Sheet to see what's new/sold/expired in the market - and found a 2 bedroom, 2 bathroom condo conversion in the Grand Reserve, 1078 square feet, that just sold at absolute auction for $42,000. 

Previously the best price condo I've been involved wiht was $85K, and that was a 40 or 50 year old building!

Now, this particular conversion community has some issues, there are assessments and the monthly condo fees are $493 (which is HIGH for a an older community that does not offer some of the currently popular amenities, such as high speed internet, etc).

Anyone else seeing such surprising numbers?  How do we find auction numbers if they are NOT recorded in MLS? And, for the appraisers out there, what is the impact of auction numbers on appraisals??