73 erin dr jackson nj 08527 why is the value of my house lower then my neighbors house ?

Profile picture for 33SG33
why is the estimated value of my house lower then the same house 5 doors away when i have many more upgreads! Pool, pool house, walkout basement, finished, more property, biger living room biger foyer extra bed room???
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August 19 2011 - Jackson
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Answers (1)

Profile picture for BrianMorgenweck
Zestimates rely upon county tax records, recently recorded sales, etc... They do NOT take into account improvements, condition, in some instances location, (in a more hyper-local sense) and other variables. You'd be best informed by calling a quality broker or agent to "get inside" and give you a detailed opinion of value. You can always hire an independent appraiser, as well.
Long story short...Don't be too upset over the Zestimate as it's RARELY indicative of true market value on an individual home level.
Hope that helps.
All the best to you Mr or Ms "33SG33"!
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August 19 2011
 

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