Profile picture for jds52

Your appraisal amount on our home, zestimate is very wrong

I just spoke to our Franklin County Auditor, of Columbus Ohio and your zestimate of our home is VERY wrong. Our house is appraised in the records as $229,000 and there will be aanother formal appraisal done by county in 2011. How do we get you to update your records as this info is so wrong.  Our address is 4232 Boulder Creek Drive, Gahanna, Ohio 43230. Additionally I know it will be appraised higher in 2011 and closer to $240. Jean Sucec
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June 11 2010 - Blendon Woods
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Profile picture for wetdawgs
Let's see, the Zestimate is $217,000 and your assessor says $229,000.   $12k difference is a tiny smidgen above 5%.    WOW!!  Zillow has done a great job!!    Zillow is delighted when their values are within 20% of actual sales prices.   This is not VERY wrong, this is about as close as they come.

A Zestimate is NOT an appraisal and never is supposed to substitute for a real appraisal.   It is simply a number that is generated by a statistical model run on a computer with publicly available facts.  Statistical Models are not taking into account your upgrades, or downgrades, incredible views, water front and many other features that add value.

If you think the Zestimate is supposed to line up with your county assessor's number, then may I suggest you do more reading about the Zestimate in the FAQs.

Zillow does not adjust Zestimates on demand, especially when it is so close to your auditor's number.
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June 11 2010
Profile picture for workabee
Your assessor is wrong. Your assessor wants money to pay the towns bills. Your recent sales are dropping so if your assessment goes up you should appeal and send Zillow flowers.
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June 12 2010
Jean do not worry about a zestimate in life it means nothing. Franklin county statistics for zillow show that 30% of the time they are more than 20% off the eventual sale price of a home. For that accuracy they rate themselves at a 4 out of 4 stars! By the way the county auditors does not really appraise your home but puts a value on it for taxes. Do not be to happy that your tax value is going up as your taxes will increase right along with it.
I went to my county auditor a couple of years ago to get my tax valuation lowered and the first thing they asked me was if I would sell my house for the value that they placed on it. Just hope the recent sales on Big Timber and Swigley and the 3200 sqft on Boulder creek at 220,000 do not pull your value down to much.
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June 12 2010
Did you know with higher county appraisals (assessments) you pay higher taxes - why would you want that? Your zillow estimate is $217,500. Your year over year appreciation is 0.5%, basically its flat. Your Zillow estimate is ONLY estimate, and so is the county appraisal, its only an estimate, 'formal' or otherwise. In fact, all appraisals are estimates, they are not exact. You will never know EXACTLY how much your home is worth unless and until you actually list it for sale and sell it.(PS At the top of every appraisal it states that the value is an OPINION of value, nothing more)
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June 11 2010
Profile picture for jds52
You are giving me the samewrong answer as you did earlier and none of what you said applies to this neighborhood. Please adjust our price according  what it should be an d is listed by the Franklin County Auditor as, $229K
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June 11 2010
Profile picture for jds52
No none of this applies and infact many of the homes in my neighborhood are shown higher on  your ratings, yet they are smaller, smaller lots, and not at all the quality of my home. Again, your values are suppose to reflect our appraisals and our appraisal is at $229,000 which is what our taxes we pay are based on. Your records are not accurate in how you have valued other homes in this neighborhood either. So.....still very  wrong. 
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June 11 2010
Zillow values are a good estimate in areas where homes are similar (age, size, etc). Sometimes as a neighborhood gets older, and some homes are renovated and some not, the values become less accurate. Or if there was a bank owned sale down the street (for a house that was ready to fall down), Zillow will use that sale to apply to yours.

Does any of this apply to your house?

I also found an incorrect sale in my neighborhood which I emailed help@zillow.com and they're fixing.
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June 11 2010
 
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Your appraisal amount on our home, zestimate is very wrong
Profile picture for workabee
Latest answer by workabee
June 12 2010 | 7 answers
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