1) Site for sale:
The site for sale is recently launched Hur.ly. It's an image sharing website for Twitter, all code is custom made, it uses Twitter OAuth for authentication.

We had a beautiful design made and coded, and is currently on the website.

http://hur.ly

Features:
- Twitter Authentication
- Commenting (with Twitter posting)
- Image uploading and scaling.
- Twitter hashtag detection for tagging photo's.
- User pages.
- Statistic Tracking (for users and photos).

2) Asking Price (or if auction, starting bid plus end time in days):
$850.00 Auction Starting Price.
End Date: 30th August

Valued based on $70 domain cost, + custom code + design.

3) Payment method (ie: Paypal, Escrow etc):
Paypal.

4) Additional Info, such as traffic details, revenue, cost of upkeep:
Traffic is reasonably minimal at the moment, but I haven't at all promoted it. Domain registration for .ly domains is around $70 per year. Hosting is currently costing me about $10 a month, but would need to get bigger as the site grows.