Profile picture for fwkeith

Does a refinance affect the zestimate of my property?

House value has plummeted over 25% since Jan 2012. I just refinanced and the new zestimate value just happens to be the amount of my new loan.
  • May 22 2012 - West
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Answers (2)

Profile picture for fwkeith
House was valued at 160,000 in Jan 2012 by zillow. Appraisal done in March 2012 in conjunction with refinance was $148,000. Most recent zillow value is 116,000(same amount as refinance loan amount). Appraisal district assessed at 136,000 just recently.
  • May 22 2012
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Profile picture for wetdawgs
Refinance information is not used in Zillow's calculations unless somehow the county recorder accidentally recorded it as a sale.     Did you notice on your home details page if this happened?

  • May 22 2012
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