Here in Aus it would go for way way more than that, well over a million
I mean, my house is 400 km away from Melbourne, 20 minute drive to the nearest small town, 100 km to the nearest shopping centers and would sell for $350k. My nan's super tiny pokey single story house in an outer suburb of Melbourne, built during WW2, super tiny bedrooms sold for $700k 3 years ago. Heck, My son is paying close to $200 rent a week just for a room at uni in Melbourne.