Why is is that a

Profile picture for CherylBarone
A very small rach across the street is worthmore than mine by over $10k and each side of my house the negibors are worth $100k more than mine. I have done extensive remodeling and just had two real estate agent come out to estimate my value. You are $40,000 off of the lowest price. I would like this changed. We want to put our house on the market and I feel your appraisal will hurt us. Just a block away the same house is going for more than $62K. this house was never on the market in 39 years.

1403 Chalfont Drive Schaumburg, Illinois
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September 01 2011 - Schaumburg
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Answers (5)

Profile picture for Pasadenan
50 Recently sold that Zillow's machine thinks are "similar" in the same vicinity

               Average:    Minimum:    Maximum:
Price       $253,980     $125,000     $410,000
Sold On    5/8/2011    9/17/2010    8/16/2011
Beds           3.66            3                5
Baths          2.19            1                3.5
Size (sqft)    1,716        1,065          3,280
Lot (sqft)      9,659        4,542        14,628
Year           1974          1960          1993
$/Sqft           $154         $75           $214
Dist. (mi)    0.6284        0.18            1.19
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September 01 2011
Profile picture for Pasadenan
"Both were exactly the same. ---- maybe something is wrong."  -

I agree; something is "wrong".  No two estimates should be "exactly the same" unless there was "collusion" or they used the same software and didn't account for all the details.

Zillow doesn't offer a "price"; that is only up to you and your agent.  You can post any price you want, including $38 trillion.  And no one will care a bit.
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September 01 2011
Profile picture for wetdawgs
Zillow has an FAQ "Can I remove my home from Zillow?" that may help your understanding of their philosophy.

(I, nor the other poster, are Zillow representatives)

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September 01 2011
Profile picture for CherylBarone
I would like for you to take my price off,,if you can not do it right,,,than do not do it at all. I just had 2 realtors come out. Both were exactly the same. You are off by $45K which is huge>>>>Since there has been no public record for the last 39 years...maybe something is wrong. we are the original owners .

Cheryl Barone
1403 Chalfont Drive
Schaumburg, Illinois
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September 01 2011
Profile picture for Pasadenan
Zillow doesn't offer appraisals; only machine generated opinions of approximate value based on minimal public records data, minimal owner/agent revised data, and recently sold home ownership units in the area.

The bigger the discrepancy between the list price and the machine opinion, the more people that open the home details page, and the faster things sell, regardless of which way the list price is off.

If you want the estimate "changed", just change the size of the house and the amount you paid, and the date you bought and the tax assessed value.

The estimate changes 3 times a week automatically.   There is no intervention except correcting the info that is used to calculate the estimates.

If you don't like the machine editorial opinion, you can try any of hundreds of other free estimate sites, such as:

Homesand.net

Eppraisal

realquest.com express

cyberhomes.com

trulia

chase

homegain
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September 01 2011
 

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