Profile picture for VishalGupta0

The home value?

Zeastimate is showing very low Home value for 1529 Boyd St Troy, MI compared to other houses in that area for e.g. 1362 hartland Dr troy, MI. in fact the actual sale price for 1529 Boyd when newly built was much more than 1362 hartland dr Troy. also in map it is pointing to a wrong house for 1529 Boyd St Troy. 1529 Boyd is the corner lot at Cal-de-Sac location (on roundabout). So how accuate is the Zeastimate value for this house.
  • October 26 2011 - Troy
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Answers (5)

Profile picture for TedFriedmanRI
Zestimates don't take into account a lot of information about the house.  Your best bet is to have a Realtor create a comparative market analysis for the property.  Most Realtors will provide this service for free and it will give you a much better idea of what the property is worth.
  • October 26 2011
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Profile picture for SoCal Engr
Zillow provides information on the estimated accuracy of it's Zestimates. If you look here, Zillow indicates that only 35% of Zestimates in Oakland County are within 5% of actual sale prices. To get to 75%, the error margin increases to +/- 20%.

I believe you can also get a feel for the error margin by looking at the "range" shown on your home's detail page.

Zillow shows a Zestimate of $249K, with a range of $199K-$299K, which conforms to the +/- 20%.
  • October 26 2011
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Can't help you there. Are you looking into refinancing or just curious about your value?
  • October 26 2011
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Profile picture for VishalGupta0
this is better than zeastimate shown on zillow website which is $248,800 but I am wondering why it is pointing to wrong house in zillow map.
  • October 26 2011
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Hi,

I checked using our system and came up with $267,000. Is this better or worse?
  • October 26 2011
  • 0Yes

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