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Zestimate

I own 29736, 29740, and 29752 Farmbrook Villa Lane Southfield MI 48034.  Why is 29752 so much lower than 29740? There's a big difference between $125,000 and $60,000!   29752 is about 300 sq ft smaller than 29740,but having a difference of $65,000 doesn't seem even close.  I would think the $20,000 difference between 29736, and 29740 would be more in line.  There's a difference of 300 sq ft difference between 29736 and 29740.
  • October 26 2013 - Southfield
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Answers (1)

Profile picture for realtorjay1
Good Afternoon,

The Zestimate is a computer estimate using recent sales activity, tax record data, and other local property data to make a ROUGH estimate of property value. Sometimes it is very close, other times it is way off. The only way to get your property value is to compare it apples-to-apples to local sales of similar properties. A Realtor can gauge market value via a comparable market report or you can have the homes appraised by a licensed appraiser. A Zestimate made by a Zillow computer algorithm in another state is in no way, shape, or form to be trusted as a real-life local market value estimate. There are just too many variables (exact location, condition, updates, etc)  to trust a computer program.
  • October 26 2013
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