![[e-mail]](http://wwwcache.wral.com/presentation/v2/images/header/email-15x10.gif){kind=small}
Subscribe
DURHAM, N.C. — Realtors knocked off another $100,000 from the asking price for the former house of convicted murderer Mike Peterson.
The mansion on Cedar Street is now listed for $695,000. It was initially offered at $1.1 million.
It is the third time the price was lowered.
Last year, Mike Peterson was convicted of killing his wife, Kathleen, inside the house. He is serving life in prison.
![[e-mail]](http://wwwcache.wral.com/presentation/v1/images/icon_email-story.gif){kind=icon}
Get News Alerts to your Email & Cell Phone
![[READ STORY]](http://wwwcache.wral.com/asset/news/national_world/national/2013/05/14/12445890/12446751-1368816960-100x75.jpg)
![[VIEW PAGE]](http://wwwcache.wral.com/asset/news/local/2013/05/13/12441232/hahn-100x75.jpg)
![[GALLERY]](http://wwwcache.wral.com/asset/entertainment/2013/03/28/12278304/LNL-100x75.jpg)
![[VIEW PAGE]](http://wwwcache.wral.com/asset/traffic/2009/07/23/5645694/beltline-100x75.jpg)
![[GALLERY]](http://wwwcache.wral.com/asset/entertainment/2013/03/04/12182235/12182236-1362457268-100x75.jpg)
WRAL.com welcomes your comments on this story. All comments are moderated prior to publication based on our posting guidelines. Please review them prior to posting and if your message is not approved.
This story is closed for comments. Comments on WRAL.com news stories are accepted and moderated between the hours of 8 a.m. and 8 p.m. Monday through Friday.