Profile picture for ddlewis7

The same property is posted twice on Zillow, but has a different Zestimate of $300k -- why?

Property 2446 N. Racine #1F Chicago, IL 60614 and 2446 N. Racine #1E are actually the same property, but the Zestimate on Zillow is almost $300k off between the two properties.  Why the discrepancy?  The correct address that is recognized by the city of Chicago is #1F.  Why is the #1F property estimated to be nearly $300k lower than the other record of it?  
  • August 20 2012 - Wrightwood Neighbors
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Answers (4)

Profile picture for Blue in d Nile
By the way, after editing the home details page info, it takes about 2 months to fully impact the estimates.  I see the estimates for your condo are rising presently, so maybe in a couple months it might be closer to purchased price.

I see the other units in the building were sold for a lot more, (a few years earlier), and are estimated higher; but they are not indicating any details on the units, thus using different estimating models.  (No square footage, bedroom count, nor bathroom count is indicated for those).
  • August 20 2012
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Profile picture for Blue in d Nile
The reason the #1E  home details pages has a higher estimate is because everything posted on the page is "bogus" information provided by a deceptive dishonest "Realtor".    It doesn't have any of the county information, but only the Realtor provided info.  It was a duplicate page created by the Realtor.  It should be flagged for deletion.  The property is a "condo", not a "single family residence".   Simply, the Realtor intentionally "lied".

The property can't sell anywhere close to the estimate for the "single family residence" that it is "not".  That is the reason the property was taken off the market.
  • August 20 2012
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Profile picture for Evelyn S. Fred
Hello,

You may want to contact Zillow directly.  Even though their estimates are rarely spot on, buyers do look at them.

Good luck!
  • August 20 2012
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Profile picture for Matt Laricy
Oh the highs and lows of Zestimates. Maybe something in the description threw a loop hole in it. Regardless, the Zestimates are worthless and you would be better off paying no attention to it.
  • August 20 2012
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