Profile picture for bltaylor2003

Why is my house listed 200k less than homes the same size on same street?

Zillow has my value listed incorrectly. 
11488 Springwood ct, Riverside,Ca. 92505
6bd, 4bath 4007 sqft. with a pool.

bltaylor2003@gmail.com
  • July 15 2014 - Riverside
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Answers (6)

My opinion on this is to run a comparison based on other similar properties.

  • October 18 2014
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Hi Am very familiar with the values in the Riverwalk area. The zillow value is affected by some short sales and foreclosed properties. Those homes values do not sound like they are representative of your property. Recently we had a home closed in the higher end of the estimate. However the market is changing here in Riverside. Feel free to contact me if you want a detailed analysis or have any further questions. Juan 951-776-5504
  • July 16 2014
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Profile picture for wetdawgs
A lender writes:  "Zillow values are hard to trust because they aren't always 100% accurate. You probably want to contact a local real estate agent to do a market analysis for you."   Real estate agents are also not 100% accurate.  Ask to see their statistics before putting too much weight on their numbers.

@Mark:  A Zestimate is also an AVM.  In fact, there are dozens of home AVMs - some are by subscription only and many are free. 
  • July 16 2014
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Profile picture for Marshall Stewart
Zillow takes a reflection of your area and sales prices. There may be an area near your home pulling down the value. Chase offers a valuation model, they call it their Home Estimator. I was told it uses an actual automated valuation model (AVM) to run through the values.
  • July 16 2014
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Zillow values are hard to trust because they aren't always 100% accurate. You probably want to contact a local real estate agent to do a market analysis for you. 
  • July 15 2014
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Profile picture for Outer Banks N C
Makes you wonder why they even print those silly values doesn't it?
  • July 15 2014
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