Profile picture for user694273

Zestimate is TOO LOW and will not update!!!

Our zestimate is listed at 145,000 the same as our neighbors... the only problem is our home is bigger and has a finished basement! The neighbors home doesnt even have a basement! The neighbors 2 houses over has a home the same size as ours and its zestimate is at 180!! PLEASE UPDATE your zestimates to be more accurate!
  • April 03 2012 - Unionville
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (2)

Hi there,
It looks like your original sq ft was the same as your neighbors and the home facts were just edited within the last few days to show the finished basement. This change will eventually be calculated, but not instantly. As Pasadenan stated, the zestimates are calculated 3x/week. Home fact changes are calculated gradually over several weeks.

I noticed your tax assessment is slightly lower than your neighbors.

You can keep an eye on it and check for changes over the next few weeks.
  • April 03 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Blue Nile
The estimates are automatically re-calculated nominally 3 times a week.  The last calculations were run yesterday, 4/2/12.  If you changed details on your home details page, such as house sqft, that will slowly impact the estimates over a 2 month period after the change is made.  The first estimates after the change will be impacted about 30% of the difference the change causes.

Neighboring house estimates are completely ignored in each home estimate.

"Finished basement" doesn't necessarily mean that it is "livable floor space".  But if you want that to be considered for a potential sale, you really need to make sure permits were obtained for finishing the basement, as well as the increased square footage reported to the county so that you can pay property tax on it.

Even if you do fix the square footage, it will not have nearly the impact on the estimates as the amount you paid for the house adjusted for the date purchased.
  • April 03 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.