Profile picture for Scarabviper

Per ZILLOW Empty Lot worth more than MY House on same lot!

Now explain how lots are worth $170K more than the adjacent lot with a house on it! Per Zillow we should all tear down the new houses... since empty land is worth more.

 

CAPE CORAL , Florida

1205 SW 54TH LANE, 33914

And yes I listed a Make Me Move price that was very high ($799K)....

My House at peak was valued at $832K. When I bought it in June of 2007, It was appraised at $730K. Since then I added 70K in improvements. Zillow valuation has gone from Nov 2007 of 680K to now $530K (below 2003 price excluding 2 buyers $150K in improvements since). They dropped my house another $55k (11 percent) last 30 days and for the first time ever I'm below my neighbors smaller house which dropped only $5.5K in the last 30 days,  The difference is not explained in the tax data. This was after I complained about the previous huge drop. In either case the empty lot near us is priced at $170K more than our houses. Interestingly they are valuating my house at $33 less per sq ft than the comparatives. And some of those comparatives are not even on the water or in our neighborhood , which lowered that COMP.

Regards

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
March 25 2008 - US
We think we've answered this question for you!
 
 
Related Discussions
Why is my home's zestimate declining rapidly while my neighbor's stays the same?
Profile picture for szalkerous
Latest reply by szalkerous
1 day ago | 72 answers
I see the Zillow estimate of my home's value dropped 20% literally overnight!!
Profile picture for user937790
Latest reply by user937790
6 days ago | 12 answers
Zestimate's are F***ing worthless
Profile picture for user0088383
Latest reply by user0088383
July 24 | 10 answers
  • Posted by jaycee2004
  • In Zestimates
  • December 06 2007
Zillow sucks
Profile picture for user3307882
Latest reply by user3307882
July 22 | 99 answers
Can zillow be so wrong in its esimate?
Profile picture for scmorelli
Latest reply by scmorelli
July 18 | 10 answers
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.