Profile picture for iamdummy

What are the factors to estimate home value? Two similar units in the same building valued big diff

325 Lenox Ave, Oakland

Unit 207 is estimated as $180K
v.s.
Unit 403 is estimated as $240K

while they have similar features/size, etc..
  • February 16 2010 - Adams Point
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Answers (3)

Profile picture for corthree
Zillow Zestimates are useless crap! Zillow doesn't care about the fact that there so called base value calculator has a VERY wide margin of error.



Zillow PLEASE get rid of Zestimates!!!
  • February 17 2010
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Profile picture for Pacita Dimacali

So many factors are taken into consideration when valuing a property, and depending on the circumstances.

If for sale
- bank-owned?
- short sale?
- regular sale?

Condition
- trashed?
- pristine?
- fixer?
- tip top shape?

Upgrades
- wood versus carpet
- tile versus vinyl
- granite versus formica
- stainless steel appliances versus builder's special

Orientation
- views?
- or does it face a busy street

  • February 17 2010
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Zillow Zestimates are only estimates of homes/condos based upon info contained in Public Records.
  • February 16 2010
  • 1Yes

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