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House value barely increase in 20 years? Suspicious?

Looking at a listing, I noticed a few things. 1. The home was purchased in 2003 and was sold last month for 5k more than it was purchased. This seems very odd considering the house doesn’t look like a train wreck. 2. Zillow reports no “listing for sale” event in the price history from the most recent sale, only a public record of sale. 3. The new owner has done some minor changes in the month they’ve owned it and are now listing for sale 200k over the purchase price.

Particularly point #1 is most baffling to me. Any idea why this would be the case? Is something sketchy going on?

submitted by /u/track0x2
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source https://www.reddit.com/r/RealEstate/comments/12yhfv7/house_value_barely_increase_in_20_years_suspicious/
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