I wouldn’t necessarily call this one a flip. It could be someone whose situation has changed, like if they were involved in an RE-related occupation. Or, it could be someone who changed their mind afterwards. I’d bet on the former over the latter or the flip.
The MLS listing indicates “recent” improvements, which probably means they were improvements made before the prior sale. If they can sell within the listing range they might break even or come close after selling costs. It could be worse.