Big differences in exact property.

Profile picture for the58guy
I don't understand how the value and supporting information of the home located at 1600 Sophie Lane Escalon, CA could be so different than the exact same model across the street at 1625 Sophie Lane, built at the same time by the same builder; same amenities, same floor plan, lot size, square footage, room count and so on..
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October 18 2010 - Escalon

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Where are you getting your value information from?  Online valuations are not exact.  They are estimates.  Many online sites provide the value but those are not exacts, they are estimates only.  True value can be based on a full appraisal.  If the homes are exact in terms of location, size, year built then I would ask what is on the interior of the home.  Granite counter tops, stainless steel appliances, tile flooring, blinds, etc all are things that add value to a home.  While these may not be visible from the outside, they make a difference when it comes to price.  A good place to learn the value of a home is to get a full appraisal and pull comps on a home. 
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October 18 2010
One is at 293k and the other is at 282k. A difference of roughly 4% is not that large.

Besides the lot of the one Zestimated at 293k is ~ 6% bigger, I would think this is not too bad for a computer generated estimate.
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October 18 2010
Profile picture for wetdawgs

1600 Zestimate today is $293,000
1625 Zestimate today is  $281,500

With the lot size difference, they are not exactly the same.

It is your opinion that a 4% difference is a big difference?   I'm actually amazed how close they are.

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October 18 2010
Profile picture for Sarah Bond 1

Is one house backed to a greenbelt or is one backed to a street?  Is the landscaping the same?  There can be different reasons as to why there is a price difference.

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October 18 2010
 
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DiscussionBig differences in exact property.
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