Does Zestimate on neighbours home affect my Zestimate?

Profile picture for balajiraman
Hi:

I am in new developement where many house (less than .5 miles away) are still being sold for $170+ per sq/ft these homes are in lot smaller lots and the smaller homes with fewer bedrooms and my zestimate is around $118 sq.ft (2 year old home) when i see zillow it only shows the land value but it also shows that it was sold for $. how does this affect my Zestimates?

thanks,
Balaji.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
August 25 2011 - Pittsburg
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (1)

Profile picture for wordsmth
From your description, it sounds as if Zillow doesn't have the information on the improvements (the structure), just the land. That's probably the difference. If you can go in and edit your information, put in the correct information on the structure.

One set of estimates shouldn't affect another set of estimates. However, both (if they're close by and comparable) are drawing off the same set of data.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
August 26 2011
 

Have a question? Ask it here.

What's this?
Close

By starting a discussion, you can expect more of an interactive, back-and-forth experience where the conversation can go in many different directions.

Or start a discussion
Related Articles
GuideHELP
GuideHELP - Site Errors
Be A Good Neighbor

Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy