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4273 Navajo

Hi, 

I was researching "Zestimates" in Toluca Lake, CA 91602 and noticed that 4230 Navajo just sold for $2,450,00

Beds: 2
Bath: 4
Sqft: 2,558
Lot: 17,859
Last Sold: June 27, 2011 for $2,450,000

Yet you are listing 4273 Navajo as $783,000, however the house statistics are similar and located on the same block.

Beds: 2
Bath: 3.5
Sqft: 1,902
Lot: 6,940 sqft
Last Sold: September 28, 2008 for $1,115,000 


Comparing two 2 Bedroom houses with similar building square footage on a block not 300 feet from each other as $2.45MM (just sold) to a "Zestimate" of $780K seems quite a bit off.  

Land just sold on the other side of this block (house behind) for almost $1MM...and the house was just torn down.

I would think this would change the Zestimate of value, correct?

Thanks 



  
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March 02 2012 - Toluca Lake
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Answers (3)

I agree that the 786k value is incorrect. As a premier Zillow agent, one of my tasks is to assist homeowners with updating the zestimates online to reflect the correct estimated values. Call me to discuss how to best proceed with this task. Are you looking to resell your property and need the local comps to be better reflecting of the current market? Just want to better understand the reasoning behind your request to correct a specific property and its value.
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August 06 2013
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Thank you Rafael.  Something interesting to note though, the house behind us (land value only) sold for $1MM, and a new house was constructed and recently sold for $2.875MM.  This is not a lake-view property.   So if the land was $1MM, the improvements are certainly more.  This should stipulate a value well above $780k...more like (at least) the purchase price. 

Thoughts?
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August 06 2013

Hi Blix,

I am very familiar with the Navajo property as my clients were considering purchasing it before it sold.  If you need to change the zestimate and are linked to the new owners please let me know and I would be happy to update the price of the home with our own Zestimate.

One thing to keep in mind is that in Toluca Lake you have 34 very unique properties as they sit right on the lake.  These homes typically sell for three times the price of the same exact home right across the street with no lake access.

Location Location Location

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August 06 2013
 
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4273 Navajo
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Latest answer by Rafael Gevorkian
August 06 2013 | 3 answers
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