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The Zestimates for Lexington, KY are absolutely crazy. Zillow claims that my house is valued around $200k, while the houses in my neighborhood go for $700k-plus. And values all over my city are far lower than actual sales pices. You would have thought that the designers of the algorithm would have conducted a "sniff-test" to see if their modeling made any sense. With an easy-to-access MLS and a free PVA site in Lexington, it is clear Zillow didn't do its homework.
The house next to me has no finished basement. Mine has high rent upgrades, including finished walkout basement. My house has $260K in upgrades which the other house does not have. This is a note in your writeup about my house You valued this house with a $20K higher value than mine. The lot & view are the same. My home value dropped 21% on June 14. I am a long time user of Zillow, however, this data integrity scewup from a money losing company is getting tiresome. You need to fix it or go out of business. I would appreciate a specific response and evaluation. Zillow, please respond. Waiting for an answer.
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