Can you tell me why this property has a very low zestimate?

One property on the same street, with less updates and 1/5 of the square footage, has a higher zestimate. Also MLS 12052960 was completely renovated and restored to National Park guidelines with all modern utilities added. We would like the zestimate to reflect the true value of the property or remove the zestimate. After the completion of the renovation in 2003 the property was appraised as new. This was called the effective date according to appraised value. 
  • October 03 2012 - Arcadia
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Answers (1)

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Read the FAQ: "what is a Zestimate".

Zillow doesn't provide appraisals, but provides a place for you to post your appraisal and explanation next to their automated machine opinion.

A major factor in the estimate is what it was last purchased for, adjusted for date purchased.  If you would like the machine opinions to be higher, you likely will need to sell it first to change the purchase amount.

If you would like other "free" automated machine opinions without site visits, here are some of the multitude of other choices:

Realestate.com/homepricecheck

finestexpert.com

homes.com

Homesand.net

Eppraisal

realquest.com express

cyberhomes.com

trulia

chase

homegain
  • October 03 2012
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