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Zestimate?

Home and property appraised by Leonard Taylor Appraisals, 336-760-2447, in late 2009 for a total of $202,000.  Home has been through major remodeling for $132,000.  We took the appraisal, cut the remodeling amount to $108,000 with resulting total of $310,000.  How do you derive $133,000?
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October 18 2011 - East Bend
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Answers (4)

To 'claim' your home on Zillow, go up to the top right, pull down My Zillow and claim the home, then you can go in and update details. As a realtor, I would only use the MLS to find out what your home is worth or hire an appraiser.Zillow is all about 'zestimates' .Here is the link to claim your home
http://www.zillow.com/wikipages/Claim-Your-Home/
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October 18 2011
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1.  "Claim" ?  I am not familiar with this terminology.  Exactly what does this mean?  
  2.  In description of home I have used the word "renovated" but other than that, no I have not listed items such as all new windows, doors, gutting and total new kitchen and baths, refinished floors on lower level, etc.
3.  $35,000 of this amount is a separate 8.xx acre but it is separate simply because of the local property tax set up.  We are selling both pieces as one combined offering.
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October 18 2011
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Prices have dropped in East Bend, NC by 10 to 15% since late 2009.   I'd calculate 40 to 50% on the dollar for remodeling, but of course that varies depending on the type of remodeling.

In addition, it appears from your other post that the property is two tax properties, and Zillow doesn't combine properties that aren't combined by the county

Have you claimed the home and added information about the remodeling?


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October 18 2011

Zestimates DONT factor appraisal values.

DID you claim and edit your homes features, including remodeling ?

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October 18 2011
 
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