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other than the first one being on a major road and worth almost $200k more than the second.
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bump. I would like to know what is factored in to create such a huge discrepancy.
sakidd12 -Checking on both properties, the sale history could be a possible reason why 1048 Lincoln Ave has a higher Zestimate value than 1185 Blewett Ave. We have 2 sale transactions for 1048 Lincoln Ave while none for 1185 Blewett Ave. Of course, the more data we have, the more accurate the Zestimate value we can provide for a home.Recent sales transactions are definitely the factor weighed most heavily in the calculation of Zestimates because that it reflects what a buyer paid for a specific house at a given point in time. We do have built in logic to exclude foreclosures and sales within families from our Zestimate computation.I hope this explanation helps.
one would think that most recent sale would boost the estimate for all like propertes in the area.
agree with sakidd12, zestimate should not only use a house's recent sales prices, but use sales prices of all like properties in the area to estimate, it makes more sense.
so if a house is sold at a low price, it will drag down the value of all similar houses in the area, and if it is sold at a high price, all similar properties in the area should go up with it.
no wonder everything in Vegas went up! By excluding foreclsoures you got rid of 60% of the house sales this year for banks that were just dumping and auctioning.
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