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Ask Curbed: How Did a $20 Million House Sell for $57,000?

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A reader perusing the MLS is a bit baffled by the sales history of this six-bedroom, ten-bath gated home in Bel Air: "According to Redfin, it sold for $2.6 million in 1988, almost $11 million two years later, then $57,000 in 1996. Now the asking price is close to $20 million. What happened there? Was it some sort of transfer between trusts? Some sort of inheritance? How does a house like that have such a wonky sales history? " Indeed, one sees these sale discrepancies on many listings. Perhaps one of our realtor readers can help a confused soul.
· 525 Perugia Way Los Angeles, CA 90077 [Redfin]