Strange Dealings: Paid 3x market value?

[Hiromitsu Masuda]

I'm looking into properties (Ohio) and comparing similar SFH in the neighborhood and came across something I don't understand. The average price in this neighborhood is about 75k. But there is this one property across the street from the one I'm looking at that sold for 225k. Same size as the others, nothing apparently special about it at all. If anything, it looks a bit older than most. I looked up the corporation (seems to be listed as a "Ohio Foreign Corporation") that bought it and they bought a few other properties around the city (not close by) at WAY over market value (like 300%) as well.

Is this a green flag? Can this neighborhood be suddenly skyrocketing in value (which I strongly doubt)? Or is it a red flag? Like foreign investors that are buying up random properties with no intention of improving them or even renting them out? Or just ignore it?