"How could she get a Sunset Park lot essentially $300,000 under market?"

I last featured 1328 Hill back in October 2010 right after it sold via short sale for a suspiciously low $575,000.

Well, my sharp eyed readers have noticed that it is back on market...the lot has been readied and you can now buy it with plans for the bargain price of $950,000.

From greengroovymom: Gaby Schkud, the realtor who lives next door to 1328 Hill bought the house after seeing it slowly fall into the banks hands. I think it is a little suspect. I think she had inside information, and was able to broker a deal at that price....something doesn't quite seem like that was a regular sale on the open market. She must have known the banker's agent and had other 'ins' with the bank....kinda sucks for us regular folk looking for a deal too.

Is this type of thing not regulated? How could she get a Sunset Park lot essentially $300,000 under market?
Remember, it SOLD on 10/14/10 for $575,000 when it was listed as a short sale for $999,000. It was on the market for just 8 days before going into escrow and selling for 40% less than asking.

Property Shark shows that on 10/14/10 the Schkud family trust was listed as the "seller" who deeded over the property to a "buyer" listed as Bruce Mitchell/The 1328 Hill Street LLC. This raises flags for me and I don't understand exactly what happened. Remember, Bruce Mitchell is a real estate agent in the same office as Schkud and he was the original owner who bought this place back in 2007 for $1.05mm and supposedly short saled it here. So why is he (and the Hill St LLC) listed as the most recent "buyer"? Maybe Schkud family was an investor in it with Bruce originally and they deeded over their interest (seen here) just prior to the short sale going through? And maybe the current owner isn't listed on Property Shark? I don't have enough access to records to figure it out. I would very much like to know who the current owner is. If it is either of these parties then I wonder how they would be able to explain buying this via short sale essentially from themselves at half the price? Maybe they cut a deal with a second lien holder or something...I don't know. There are possible explanations but something doesn't look right here. Maybe a smarter more plugged in reader can help out.

Aside from all this, the current listing is overpriced. Too much airplane noise there for the empty lot to be worth north of $900k.