Profile picture for gregr9500

How can zestimate vary so much for identical homes, built at the same time? My home shows -$80k less

Both homes are approx. 4,450 sq. ft. Both are on corner lots with same size property. The only real difference is that one home (mine) has a screened in, in-ground swimming pool w/ spa. The home without the pool has a zestimate of $444,500 and the home recently sold for $465,000. My home has a zestimate of $367,500. Why?
  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.
April 07 2009 - Orlando
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (4)

I just don't think zestimate is up to date. It shows by home is worth $470,000 though i just bought it for 300,000 and if I was to resell it today it would not sell for more then 350,000.  Now we are talking a difference of over 100,000.
  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.
May 01 2009
There are may variables.

One idea is to customize your home value on zestimate and be sure to select recent comps sold in your neighborhood.  This is one of most important things you can do for an accurate value.  Most neighborhoods have mico-neighborhoods and there can be as much as a 20% difference in estimated values.  This can be true even with identical homes across the street from each other and could be something as simple as a slightly more desirable view out the back windows.
  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.
May 01 2009
Terry has a very valid point in saying that a home owner should go in and claim their home and input any upgrades or points that Zillow may not know about. The Zestimate is merely a starting point when assessing a home's value and should not be taken as an actual appraisal. A professional should always be brought in when determining a home's acutal value.

There will be differences in home values from neighborhood to neighborhood due to the fact we draw from the county's tax records. So, if Neighbor A reports all upgrades to their home we can pull from those records. If Neighbor B chooses not to, then we will not have them hence the variance in prices. There is an algorithm or mathematical equation that factors this in as well as many other factors including sale history when computing the Zestimate.

I would also suggest claiming your home and updating any pertinent information on the home such as remodels or addtitions.

If you would like to check how accurate Zillow is in different areas around the country, scroll to the bottom of any page and click on the grey link labeled "Zestimate Values&Accuracy" for more information.

Elizabeth Munson
Zillow.com
  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.
April 07 2009
We have found great discrepancies with Zestimate for homes in our area. The SF Bay area just as they have weather micro climates also has vastly different values between city to city as well as from one neighborhood to the next. Zestimate does not take into account school districts which can either add value and/or take a value from the homes.
Walnut Creek with the name automatically demands more than the name of Concord which is right on the border.
On Zestimate the values can be manipulated by going in and playing with upgrades etc.
  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.
April 07 2009
 
Related Questions
How do I find out what price houses sold for in my neighborhood.
Profile picture for rpg934
Latest answer by rpg934
January 24 | 17 answers
Is Wadeview Park Orlando Area Safe (32806)?
Profile picture for Tim Haley
Latest answer by Tim Haley
May 08 2013 | 3 answers
is north lake park, lake nona in orlando a safe neighborhood?
Profile picture for Pearl Johnson
Latest answer by Pearl Johnson
May 03 2012 | 5 answers
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.

Homes for Sale
  1. 6453 Hill O Sands Ct, Orlando, FL Home For Sale
    6453 Hill O Sands Ct, Orlando, FL 32819

     For Sale: $269,900

    • Beds: 3
    • Sqft: 1
    • Baths: 2.0
    • Lot: --
  2. 7300 Everleigh Ct, Orlando, FL Home For Sale
    7300 Everleigh Ct, Orlando, FL 32819

     For Sale: $255,000

    • Beds: 2
    • Sqft: 1796
    • Baths: 2.0
    • Lot: 7335
  3. 5712 Dogwood Dr, Orlando, FL Home For Sale
    5712 Dogwood Dr, Orlando, FL 32807

     For Sale: $70,000

    • Beds: 2
    • Sqft: 1405
    • Baths: 1.0
    • Lot: 10200