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Replies (2)
- Beth Fread, "Beth Fread"
- Contributions:11
The debate about this issue rages in several markets. In some, everyone has plenty of acreage or none, and size is irrelevant. In rural markets, acreage becomes a bigger factor. Generally, it depends upon the buyer. I don't believe Zillow has an acreage parameter, because the 2 other comparison tools I use don't. But, in the market in which I work, I will include an adjustment for acreage. It's usually about 1/4 the value for raw land.
- bmstallings
- Contributions:2
Thanks for the reply Beth.
The market I am looking in (western Washington) has a mix of rural neighborhoods and some traditional subdivisions. My struggle is in researching likely property values using the online tools, comparing one house with a small, say 1/2 acre lot, to a home with more land.
Any other suggestions out there?
The market I am looking in (western Washington) has a mix of rural neighborhoods and some traditional subdivisions. My struggle is in researching likely property values using the online tools, comparing one house with a small, say 1/2 acre lot, to a home with more land.
Any other suggestions out there?
Do I need to adjust Zestimate to account for acreage?
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