My zestimate and my square footage are incorrect. The prior sale was for just the building lot.

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July 22 2011 - Solon
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Well, I don't know what DOES affect it then, because after having a thorough market analysis done of actual, recent, true comp sales they are still way off (I have it priced a little high, but not by 100% as the Zestimate would indicate).  By their own writeup and charts, almost 30% of the zestimates in Cleveland are off by more than 20%!
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July 22 2011
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Zillow show last sale for your ADDRESS whether it was improved or not. The relatively low sale price does not affect your Zestimate. Read this.

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July 22 2011
 

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