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Why is the Zestimate of our home, compared to three identical homes to ours and only a few blocks apart so low?
Our home at 11808 Winding Woods Way, Lakewood Ranch Fl 34202, has 3 bedrooms, 2 baths and a swimming pool.. Lot size and square feet are similar
Our home Zestimate is $222,200
The other 3 comparable homes are:
11820 Winding Woods Way, Zestimate is $281,200
11864 Hollyhock Dr. Zestimate $252,500
6448 Fox Grape Ln, Zestimate $231,000
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Customer0000,It is no used to do an appraisal in purpose to bring up your property's Zestimate, since Zillow uses no appraisal figures in their calculation nor a handsome guy, who maybe a king, who just sits behind his desk to look into one by one appraisal's papers to make an adjustment.Zillow uses the Automated Valuation Model to estimate the home's values and its figures may change 3 times a week (that is what I heard). The point is that, that handsome guy can't re-adjust your home value 3 times a week, 52 weeks a year in 50 years (assume that you are still living in your home in next 50 years)There is nothing to worry about if your home is not for-sale and if your home is for-sale it still doesn't matter since the buyers use no Zestimate in their home buying decisions, they compare your home with those, which are currently on the market.Even if you are successful to bring up your property's Zestimate to $250K and you list your home at $240K, there is also another listing at $220K (Zestimate is $200K) just a few doors away, which has same condition as same as your house. Which house do you think that the buyer is going to buy?Long story short -> do not worry about your Zestimate, just prepare a good barbecue with a few can of beers in this weekend is enough.
I don't know that where do you got the $281,200 figure but the '11820 Winding Woods Way's value is $162K per Zillow.comhttp://www.zillow.com/homedetails/11820-Winding-Woods-Way-Lakewood-Ranch-FL-34202/45705244_zpid/
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For Sale: $164,900
For Sale: $265,000
For Sale: $529,900