- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (7)
- Neil R
- Contributions:2899
Hi Linda -
I checked your property and it seems that the Zestimate has just been updated today. As wetdawgs and Michael mentioned, you might have looked before and after the update.
Zestimate, by the way, is not an appraisal. Special/unique features, materials used etc. are not included in the Zestimate thus it is only used as a starting point to know a home's market value. You can place the appraisal value in the owner comment section (which you did) for reference.
You also mentioned the 2005 transaction as being erroneous, so I went ahead and double checked it from county records and sent it for correction. We'll email you for updates on that.
Thank you.
Neil
Zillow Customer Support
I checked your property and it seems that the Zestimate has just been updated today. As wetdawgs and Michael mentioned, you might have looked before and after the update.
Zestimate, by the way, is not an appraisal. Special/unique features, materials used etc. are not included in the Zestimate thus it is only used as a starting point to know a home's market value. You can place the appraisal value in the owner comment section (which you did) for reference.
You also mentioned the 2005 transaction as being erroneous, so I went ahead and double checked it from county records and sent it for correction. We'll email you for updates on that.
Thank you.
Neil
Zillow Customer Support
- HomeSand.net, "White Picture"
- Contributions:4394
There are many home valuation websites (google on the 'Home valuation' keyword) and none of them agreed with the others on your home value estimate, that is not meant that your home has the value as same as all of those figures (some estimate as low as $150K and $250K on the others) since it didn't make sense, there is nothing to worry about, the following is an example. http://homesand.net/QuickComps.aspx?9009+Avondale+RD+NE+UNIT+A101+Redmond&citystatezip=98052?Map=1
- LindaShort
- Contributions:8
Six acres is the size of our condominium complex.
King County Assesssor's office sent me the official property value notice. 2011 value for taxes due in 2012.
My assessed value is $187,000.
King County Assesssor's office sent me the official property value notice. 2011 value for taxes due in 2012.
My assessed value is $187,000.
- wetdawgs
- Contributions:26817
The most recent King County appraisals were their estimated values for 2011, however, they too are not making site visits for most properties.
Sharing the appraisal value (with a date of the appraisal) and tax assessor's value in the owner's comment is useful thing to do.
Is your lot size really six acres, or is that of the entire complex?
Sharing the appraisal value (with a date of the appraisal) and tax assessor's value in the owner's comment is useful thing to do.
Is your lot size really six acres, or is that of the entire complex?
- LindaShort
- Contributions:8
Well that is disturbing as I just had an appraisal done and am looking for a much better number than this. If the assessed value is $187,000, would this more likely be what the appraisal comes out at?
- wetdawgs
- Contributions:26817
The Zestimate is recalculated 3x a week, so you must have looked before and after today's recalculation was posted. The property values of the eastside, including redmond, are continuing to decline.
- Michael MacDonald
- Contributions:25
You may have simply visited Zillow just before new sales info for your area was posted and figures recalculated. Timing is everything :) .
How did my home decrease in value in the space of a few hours? This morning it was $171,000!
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.