Can someone explain the pricing on this home?

[escrowbear_IHB]

http://www.redfin.com/CA/Santa-Ana/12345-Singing-Wood-Dr-92705/home/4757445

Sold on Aug 29, 2005 for 3,050,000

Sold on Aug 30, 2005 for 1,475,000

 

[zovall_IHB]

Looking at the title history, the grant deed recorded on 8/29 was rerecorded on 8/30.

 

[escrowbear_IHB]

Looking at the title history, the grant deed recorded on 8/29 was rerecorded on 8/30.

Sorry not sure what that means but does that mean they actually paid 3mil for this home?