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value estimates

I own the home at 208 s colcord rd unit a payson az which you estimate at $111,224, and my neighbor is listed at $142,000 right next door. The lots and homes are very close in size, so why the big difference
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June 25 2013 - Payson
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Answers (1)

Profile picture for Malaya S
Hi user5423708 -

The Zestimate is an estimate, derived from our proprietary algorithm. This algorithm includes items such as home facts, price history and tax assessment where applicable. The Zestimate is simply an estimate using the data we have on your home. Please note that the Zestimate is not meant to replace a professional appraisal or comparative market analysis.

We provide a number of resources that will answer your questions about your Zestimate and Rent Zestimate:

    Zestimate FAQ
    "What is a Zestimate?" video
    Zestimate Accuracy
    Rent Zestimate FAQ
    Rent Zestimate Announcement

Please also note that we do not directly edit or remove Zestimates. If you notice that your home facts are incomplete or incorrect, you can edit them by following these instructions. Once you update your home facts, it will take up to 8 weeks for the new facts to be completely incorporated into the algorithm for your home's Zestimate.

A Zestimate is most accurate right after a sale. This is because this is the best indicator of market value.

You can also visit our Zillow Help Center for other helpful information.

Thank you.

Malaya S.
Zillow Customer Support
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February 10
 
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