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My neighbour and I have exactly the same house. Why does zillow estimate show a 25,000 difference?

My main concern is they property still shows appreciation while mine has not changed ( and depreciated tiny bit).

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April 28 2009 - East Windsor
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Answers (4)

Due to the fact that you are the third owners, there has probably been reassessments done and you should compare / check your taxes.  If they are different it could impact on Zillow's appraisal etc.....
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April 29 2009
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Thank you very much for the answers. I guess its jus the way it is.

Jonathan, I live in a cookie cutter like construction. So the plot and house are very same.

Will sale of a property depreciate its value?. We are the 3rd owner's of the house and they are the orginal owners.

-itsmenaz
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April 29 2009
As with any automated system there will be differences we can't explain.  The 'Zestimate' is an estimate, not based on a personal inspection of the property.  Contact a LOCAL real estate agent and ask for a comparable market analysis, as well as neighbohood trends over the last 12 months. 
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April 29 2009
The most common causes of varying zestimates are due to lot size and home square footage.
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April 28 2009
 
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