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Profile picture for mattjmccormick
how is 240 C st in San Rafael CA (932 sf) can be estimated at 719k while 31 Grove st(684) is at 357K ?  Both homes are for sale.  but the difference is huge?
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September 20 2011 - San Rafael
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Answers (2)

Profile picture for Mills Realty
The Zestimate is a complex formula that no one really knows for sure.  It is a good starting point to establish value in most cases, but should never be used in place of an appraisal or even a CMA.  The vast discrepancy that you mention could be from the lower priced property being purchased many years before the other.  Although purchase price has no bearing on current market value it has shown to be used in the Zestimate.
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September 20 2011
Profile picture for Neil R
Hi mattjmccormick -

Zestimate is generated using Zillions of data. You might want to check the sold price history, tax assessment and the like.

Thank you.

Neil
Zillow Customer Support
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September 20 2011
 

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