My home is larger & has more options than many of neighbor's homes, why is my "zestimate" lower?

Profile picture for kevclark555
Our home is very comparable to the model in our developement, why is the "zestimate" lower than many of my neighbor's homes who have smaller models and less options?
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0Yes

December 30 2009 - Fallston
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Profile picture for sunnyview
Zillow relies mainly on numbers like the assessed value, taxable value, last sales price, price per square foot, sales trends etc. Houses that have a low assessed value, sold for a lower price than the average in the past or were bought just before the market dropped sharply can have lower Zestimates than other houses nearby that are similar. The Zestimate is not an appraisal so it works best to use recent sales on the site to try to get a range of value instead of relying on that one number.
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January 01 2010
Profile picture for AdvantageRobert
HI Kevclark555, I also live in Fallston and have found it is more difficult in rural areas to get an accurate picture of the value of your home. I don't mding sending you a Comparable Market Analysis by email. Just visit my profile then my website. Thank you!
http://www.zillow.com/profile/AdvantageRobert/
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1Yes

January 01 2010
 

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