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It appears to be legit according to city records. You never know what $$ was put in to it though. It very well could have been a major rehab.
Did they make it bigger? Zillow has it as a 2/2, 1064 sq. feet. That’s a pretty fast sale/rehab/sale in this market. Something’s going on, just not sure what. Zillow lists some screwy stuff sometimes.
The earlier sale could have been from one divorcing spouse to the other. Those always look low to a casual observer. I would do a title search if I were seriously interested. I totally agree that Zillow lists some screwy stuff sometimes. Caveat emptor.
Another suspicious sale — this one’s a condo in Hillcrest. It sold in June 2005 for $390K and then in June 2006 for $525K. That’s over a 35% increase in one year, and I didn’t think condo prices were increasing much between 2005-2006, but I could be wrong.