Def seems like a great deal. If I was ready to move back to the concrete jungle I'd snap it up.
Buy this house about 3 hours from Manila. 100K USD
http://loadmebaby.com/blog/philippin...e-philippines/
Check my "Best of Philippines" Pictures if you want a feel for the area
https://picasaweb.google.com/pihomep...ppinesPictures
enjoy!