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I have spent 125K in this house since I purchased it in 2003 for 643k. This is not a true estimate.

My address is 184 Concord ave Lexington, MA 02421. Please correct the listing price.
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April 22 2010 - Lexington
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Answers (4)

A zestimate is not a listing price. It is merely an online ESTIMATE compared to other homes that have recently sold and uses tax values as well. Be sure to claim the home and update all the pertinent facts. Zillow will not change an estimate but updated the facts could change it over time.
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May 03 2010
You are correct, concord2, this is not a true estimate and it most certainly not a listing price. It is simply zillow's estimate, period. Do you know what your properties market value is? If not have your realtor show you comps. best of luck. 
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April 23 2010
Profile picture for wetdawgs
A zestimate is not a listing price, a zestimate is not an appraisal, a Zestimate is not a value.   A Zestimate IS a number generated by a computer model using publicly available data and is a starting point for comparisons.      (Remodeling rarely gives dollar for dollar return when you sell your home).

The Zillow FAQs will help.
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April 22 2010
Profile picture for rockinblu

If you're talking about the zestimate, click on this link .

Probably should do the one below as well.

http://www.zillow.com/wikipages/What-is-a-Zestimate/

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April 22 2010
 
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