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why is the same house across the street from me worth more

I have the same exact options as the house across the street from me and my house is worth $177,000 and across the street $190,000  Why?
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October 29 2011 - Houghton
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Answers (1)

Zillow's Zestimate is not exact, or considered accurate.  In their own fine print they state that it can be off by +/-20%.  Mostly, they base it on public records and "location".  Every house is different, in that respect it is not the same house.  Also, updates & inside the property should obviously be taken into consideration, which Zillow does not.  If you really need to know what your house is worth, have a local Realtor do a CMA, look at recent sold comps or hire an appraiser.  That will cost you about $400 but that is what the mortgage brokers use when refiancing a property, not what Zillow says. 

In the end, Zillow Zestimate is a nice free tool, but it is only an estimate. 
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October 29 2011
 
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