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How can our neighbors land (same size as ours) be worth more,when we have a fairly new home on ours?

aibonito
Contributions: 2

aibonito

Contributions: 2

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:2

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We have a well constructed home and many upgrades to our place, and there is nothing but junky, wooden animals sheds on his land. Z Estimated shows his land is worth more than $50,000 more for his land. Something is wrong somewhere????

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June 06 - US

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Spencer Rascoff, "spencer"
Contributions: 1344

Spencer Rascoff, "spencer"

Seattle, WA

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Zillow All-Star

Since December 2008

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Hi,
Here's a video with information about the zestimate
and here's a video about how to claim and edit your home's info

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June 08

akoi
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akoi

Real Estate Agent

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No Mike, this site is just an estimate

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June 07

Michael Russell, "real estate mike"
Contributions: 1704

Michael Russell, "real estate mike"

Real Estate Agent

View my 3 listings

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Zillow All-Star

Since May 2009

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If you think it's worth more cause this site says so..WRONG! This site is just a public records guess. You can show improvements and updates to your house on this site though and may see some increase in the estimate. To really know, get a local pro to get you a cma or even better hire a qualified appraiser to get you the current value.

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June 06

Rhonda Gilkey, "rgilkey"
Contributions: 28

Rhonda Gilkey, "rgilkey"

Real Estate Agent

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Land value is different than the value of the existing home or structures which occupy the land. I am not familiar with your location, but it could be the location of the land, it could be the aesthetics of the land itself ie. rolling, grassy hills versus dirt. It could also be an error on the part of the county assessor. You can always research the history of the property via county records. Hope that gives a little insight for you.