Why would a 2br condo be valued 10k more than a 3br in the same community?

Profile picture for CRB2011
I own a condo in Seneca Village in Chino and according to your estimates, it is valued at 176k while a 2 bedroom has a value of 189k. I don't understand how it can vary so drastically.
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January 04 - Chino
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Answers (2)

Profile picture for SoCal Appraiser

Dont get VALUE and ZESTIMATE mixed up. Yes, a three bedroom is usually more valuable.

More here on what a Zestimate is - and isnt.

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January 05
Profile picture for Ralph And Diana N.
A home is valued on size, up grades, and lot size.  A two bedroom vs a three bedroom can still have the same sq footage or a bigger yard.  However, the owner of the bigger home just might want to get rid of it, have a bidding war, or it is bank/short sale deal.  Again the owner of the smaller home might be asking more knowing people are low balling offers in the market today.  Was the home officially appraised?
Thanks
Ralph and Diana Newson
TNG realty
[contact information removed by Zillow moderator]
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January 04
 

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