Profile picture for RajKM

Zestimate for my house is wrong !!

Zestimate $192,000 for my house at 1537 Diamond Dr, Hoffman Estates, IL 60192 is wrong. Zillow estimate for the exact same house at 4770 Amber Cir, Hoffman Estates, IL 60192 is $236,300. Both houses are in the same neighborhood and have all the governmental/public facilities exactly same. My house additionally has fully furnished basement and updated kitchen equipments. 
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July 10 2012 - Hoffman Estates
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Answers (2)

Profile picture for Pasadenan
By the way, you got the wrong home details page for the neighbor's property.  The correct home details page (with the county records) is:
4770 Amber Cir #1 Hoffman Estates IL

And it is presently estimated at $194.1k, range of $113k to $305k (70% confidence interval).

And it is missing the bedroom count, so of course that will throw off the estimate.
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July 11 2012
Profile picture for Pasadenan
Updated kitchens are ignored in the estimating method.

Read the FAQ "what is a Zestimate".

You didn't pay the same amount for the property on the same date, so you can't expect the estimates to be the same no what you think is the same or not.

If you want an appraisal, this is the wrong location to get one.  Free estimates are not appraisals and are not intended to be.

Both estimates are "right" regardless if NEITHER are "useful".
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July 11 2012
 
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