Simple Noob ? about property sale history

[Account Closed]

Hi guys, I am new to all this and am analyzing deals just for experience purposes. The following is not for an offer but just for me to learn. I found this property listed for foreclosure at $148,000 but it appears the market value is only $109,845. Why is a foreclosure so much higher in price? Also in the sales history, what does qualified or unqualified mean? What is the difference between Vacant or Improved? And lastly , I do not understand hte sales history sale price. Clearly 17 million was not paid, so what are these 3 numbers then? Was it really sold in 2014 for $83k and back in 2004 sold for $139k? Any help understanding all this would be greatly appreciated. 

THanks!

[Daria B.]

@Account Closed

I have more information for you.

I called my appraiser office and asked about the unqualified designation that has dollar amounts of $100 or more.

What was explained to me:

1-if it's an arms-length transaction (I asked what this was and they said a transaction between a willing buying and seller) the it's considered a qualified sale.

2-an unqualified designation is one that could be a parent selling to a child so the amount seen is not what a true market price would be.

May have more later...