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Answers (25)
Best Answer
- Rachel Rosen, "RachelRosen"
- Contributions:1500
Latest update. We found the correct property. The actual zestimate is $304K. The duplicate property with an incorrect address will be deleted.
- Rachel Rosen, "RachelRosen"
- Contributions:1500
Hi, This is what I see:
Gales house:
This is a user generated property and not from public record. We have no sales history or tax history for this property.
For unit #118, we have past sales history and tax history:
Last sold price of $617K sold on 07/31/2006
Tax assessment of: $266,000
http://www.zillow.com/homedetails/118-Bay-Bridge-Dr-D-Gulf-Breeze-FL-32561/47871201_zpid/
This is the reason there is a huge difference in these properties. It looks like we are missing a lot of data for this condo community. I'll ask our data team to look into why.
So, first, if your condo has a unit number or letter, we need to find that property and see what it says.
If there is no unit number for your condo, it looks like we don't have it on Zillow (from public record).
We do have over 100 Million homes, but we do not have all of them. What we want to do is get the public record property up on the site and delete the user generated property with no data.
So, bottom line, the reason for the discrepancy is lack of data.
Gales house:
This is a user generated property and not from public record. We have no sales history or tax history for this property.
For unit #118, we have past sales history and tax history:
Last sold price of $617K sold on 07/31/2006
Tax assessment of: $266,000
http://www.zillow.com/homedetails/118-Bay-Bridge-Dr-D-Gulf-Breeze-FL-32561/47871201_zpid/
This is the reason there is a huge difference in these properties. It looks like we are missing a lot of data for this condo community. I'll ask our data team to look into why.
So, first, if your condo has a unit number or letter, we need to find that property and see what it says.
If there is no unit number for your condo, it looks like we don't have it on Zillow (from public record).
We do have over 100 Million homes, but we do not have all of them. What we want to do is get the public record property up on the site and delete the user generated property with no data.
So, bottom line, the reason for the discrepancy is lack of data.
- Rachel Rosen, "RachelRosen"
- Contributions:1500
Hi all,
Gayle emailed me directly yesterday and I let her know I will investigate this. I'll post my findings in this thread.
As noted from others, if there is missing information that directly affects the zestimate. So for anyone with a zestimate question, the best first step is to check the facts we show. This includes basic home facts such as bed/bath/sq ft/lot size as well as past sale history and tax history.
We are aware and agree we need to do a better job of explaining zestimates and getting to all the questions in advice. I wish it was a simple answer of hiring more people to get to all the questions, but that doesn't tackle the issue of making the zestimate explanations easier to understand and zestimate information easier to find as Debra pointed out.
I'll be back with what I find out!
Gayle emailed me directly yesterday and I let her know I will investigate this. I'll post my findings in this thread.
As noted from others, if there is missing information that directly affects the zestimate. So for anyone with a zestimate question, the best first step is to check the facts we show. This includes basic home facts such as bed/bath/sq ft/lot size as well as past sale history and tax history.
We are aware and agree we need to do a better job of explaining zestimates and getting to all the questions in advice. I wish it was a simple answer of hiring more people to get to all the questions, but that doesn't tackle the issue of making the zestimate explanations easier to understand and zestimate information easier to find as Debra pointed out.
I'll be back with what I find out!
- Dunes....
- Contributions:3894
By the Yawn I mean it's
feels like "I'm going to put you on hold and connect you to",,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,wait.......................................................wait...........................wait
"
feels like "I'm going to put you on hold and connect you to",,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,wait.......................................................wait...........................wait
"
- Dunes....
- Contributions:3894
Yawn
- Pasadenan
- Contributions:21466
Well, I don't know if I'm at liberty to share the response Russ E-mailed me when I asked the question about responding to these types of threads or not, but I'm going to paste in part of his answer anyway....
"...frankly, it usually ends up being that a homeowner isn't going to be happy unless we directly change their Zestimate to their opinion of value -- period -- despite all discussion and analysis we get into about their specific case.
Still, there's room for better, here. Let us think through some options. As always, I'd appreciate your feedback on ways we can better handle questions around Zestimates,..."
You might try contacting Russ directly through his profile contact button:
Russ Hatfield profile
But I do think Homesand.net is correct; and I do think part of the issue is multiple home details pages for the same unit, some without the county records. If data is missing, the modeling is done differently.
And Zillow has no means for handling multiple tax parcels in their database.
I think the best you can do is just note in the comments why the estimate doesn't reflect the market value. I'm sure that the Customer service people can help you word that.
"...frankly, it usually ends up being that a homeowner isn't going to be happy unless we directly change their Zestimate to their opinion of value -- period -- despite all discussion and analysis we get into about their specific case.
Still, there's room for better, here. Let us think through some options. As always, I'd appreciate your feedback on ways we can better handle questions around Zestimates,..."
You might try contacting Russ directly through his profile contact button:
Russ Hatfield profile
But I do think Homesand.net is correct; and I do think part of the issue is multiple home details pages for the same unit, some without the county records. If data is missing, the modeling is done differently.
And Zillow has no means for handling multiple tax parcels in their database.
I think the best you can do is just note in the comments why the estimate doesn't reflect the market value. I'm sure that the Customer service people can help you word that.
- Dunes....
- Contributions:3894
My pleasure Gale...Hope you get some sort of answer from Zillow
- GaleBoydLarkin
- Contributions:13
Dunes, Thanks for the link. I'll try to get a response that way. I have read some of the threads and see that a lot of people are as confused as I am about the zestimates.
- Dunes....
- Contributions:3894
At this point I'm just interested in them Responding to these types of Questions as enthusiastically as they do the "How do I get a Better Loan Quote " Questions ;)
@ Gayle
A Staff Member did respond to this Question so there is an Email address now you might try
http://www.zillow.com/advice-thread/Thus-month-my-zestimate-went-down-while-others-on-the-block-went-up-Why/413544/
@ Gayle
A Staff Member did respond to this Question so there is an Email address now you might try
http://www.zillow.com/advice-thread/Thus-month-my-zestimate-went-down-while-others-on-the-block-went-up-Why/413544/
- zephyros
- Contributions:1
After viewing Zillow's "Zestimates" over the course of 3 years, it appears there is no rhyme or reason to their information or how they arrive at their appraisals! In light of the current market and global real estate/financial melt-down, this is unfortunate as it contributes to the condition and creates a further decline in property value.
Realtors - are after a quick turn around and a cut in the share of profits (volume = $$$) - they are not concerned with your property value or that of the neighborhood you live in and they rely heavily on sites like this to do their homework for them. I've held a license for 30+ year so I know a little about the subject.
Perhaps Zillow will grow a concience and be more professional using correct methods of appraisal and respond to the hardworking homeowner that has possibly placed his life's savings, heart and soul, into their homes!
Just sayin'.
- Dunes....
- Contributions:3894
Zillow doesn't seem to care about the Mess they created with their "Improvement" and I doubt a Request or anything else will matter
I'm also sure there will be lot of PR and Data from their "Experts" in the Media proving the Zestimate is great
..
Anyway I Hope you'll share your experience here with those you know and/or whenever Zillow is mentioned..they've earned that IMO
Sorry you were ignored by Zillow and wish you the Best..maybe someone will actually start a Consumer Oriented Site someday
- GaleBoydLarkin
- Contributions:13
Zillow has cut my zestimate in half in less than 6 months, however, if you add #A (plan name) after my street address, it has a value more realistic, and in line with other comparable units.. To White Picture, the $44,500 "sold price" in 2000 for my neighbor must be a home equity loan or something else, because he is an original owner from 1984. If Zillow is using these figures, no wonder everthing is askew. One would think they would use sq ft as a guideline. The comp for $315,00 is exactly like mine and was closed 10 months ago. Some of the other units mentioned are on the road, not the water, and are 1b, 1b with 800-1000 sq ft. I think I need to send another request to Zillow and simply ask why they halved my zestimate. Thanks for your responses.
- Debra (Debbie) Rose, "Livingston NJ"
- Contributions:2736
Dunes - you must be black and blue from all that bumping you did with this thread!!
I don't understand how a site that has grown so quickly, and has so much that is good about it, cannot or will not take a long hard look at their, what I consider to be, problematic zestimate situation.
On any given day, at any given hour - there is always a large percentage of questions by consumers involving their zestimate - and not in a positive way...the threads are flooded with them.....upset consumers.....confused consumers........zillow really needs to address this.
At the very least..........they need to make the disclaimer/explanation more prominent.... and also show the percentage + or - right up there next to the zestimate. Showing it in a light gray font doesn't help.....so they must not want to clarify it....traffic is traffic...and increasing site traffic is the goal .
I don't understand how a site that has grown so quickly, and has so much that is good about it, cannot or will not take a long hard look at their, what I consider to be, problematic zestimate situation.
On any given day, at any given hour - there is always a large percentage of questions by consumers involving their zestimate - and not in a positive way...the threads are flooded with them.....upset consumers.....confused consumers........zillow really needs to address this.
At the very least..........they need to make the disclaimer/explanation more prominent.... and also show the percentage + or - right up there next to the zestimate. Showing it in a light gray font doesn't help.....so they must not want to clarify it....traffic is traffic...and increasing site traffic is the goal .
- Dunes....
- Contributions:3894
Well it appears our Fishing trip was a Bust.
Anyway perhaps White Picture is correct because he's a pretty smart fella but I am sorry and disappointed Zillow seems to be purposely avoiding the Zestimate Questions..
Well we did not learn about your Zestimate but we learned something about Zillow....
Anyway perhaps White Picture is correct because he's a pretty smart fella but I am sorry and disappointed Zillow seems to be purposely avoiding the Zestimate Questions..
Well we did not learn about your Zestimate but we learned something about Zillow....
- HomeSand.net, "White Picture"
- Contributions:4398
I am not a Zillow's employee, I don't know that if Zillow is going to answer your question off-line or what, last 3 days I tried to answer your question in 2 times, however I didn't post them, since your property has a bit complicate to estimate and to answer, look like your land has 2 properties on it (2 units on 1 lot) (I'm not so sure), Zillow has no information on your property's lot size and your home is a condominium per county assessor therefore Zillow assumes that your property is a condominium in a Multi-Family Residential (apartment like), therefore Zillow use the comps which have the UNIT number to estimates your property value, the result is that your property has the lower estimate.
There are 4 comps with the unit number at very low purchased prices ($80K-$145K) and 1 comp with an unit number ($315K).
There are 4 comps with the unit number at very low purchased prices ($80K-$145K) and 1 comp with an unit number ($315K).
- GaleBoydLarkin
- Contributions:13
There is no logical answer. In fact, there is no logic at all. Their numbers are purely hit or miss. They don't do anything analytical. They should give up this "zestimate" nonsense and stick to the listings currently for sale or recently sold. They don't know what they are doing. Appraisers they are not.. .
- Dunes....
- Contributions:3894
Let's go see if we can be ignored again.Yippieee!
- Dunes....
- Contributions:3894
Zillow Staff are anwsering questions all around us but apparently Questions about their Zestimates are invisible..
However I shall endeavor to persevere ;)
However I shall endeavor to persevere ;)
- Dunes....
- Contributions:3894
Once more into the Breech.....
- Dunes....
- Contributions:3894
Well here's we go again...upwards ho!
- Dunes....
- Contributions:3894
Gayle best to ya from Oregon...we'll see if they respond
Bump
- Dunes....
- Contributions:3894
Appreciated
Staff is thin on the weekends but we'll bump it just in case, when the workweek starts then I'll bump again & hopefully Zillow Staff will help you/respond...
Staff is thin on the weekends but we'll bump it just in case, when the workweek starts then I'll bump again & hopefully Zillow Staff will help you/respond...
- GaleBoydLarkin
- Contributions:13
Thanks, Dunes!
- Dunes....
- Contributions:3894
Few Staff on weekends so I'll bump ya until Monday and we'll see if they respond then
- Dunes....
- Contributions:3894
Good question Gale...I'll bump this back to the top of the questions for you..
Hope Zillow addresses your concern..Good uck
Hope Zillow addresses your concern..Good uck
Why do you have the zestimate value so different on 3 of same condo units in 32561?
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