why is the zillow estimate so low

Profile picture for user1360187
The town values 49 loop road rindge nh at 168,000 while zilliow puts an estimate on the same property of 127,000 and is lower then many of the lesser houses near by, many of which are converted cottages without foundations.
This house has a full poured concrete foundation, 2X6 construction with insulation.
Over an acre of land, large family room, garage under, deeded water rights to three beaches, a legal 3 bedroom septic ( most of the other homes do not meet code )
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November 24 2012 - Rindge
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Answers (2)

The thing about "Zestimates" in NH is that Zillow does not get most information that real estate agents, assessors and appraisers use to value a particular home. Zillow also doesn't have local knowledge to know which homes may not be comparable due to factors that it can't take into account.

When dealing with any property in NH or VT, I tell my clients to basically ignore any automated property value. Those programs are designed to work great for tract housing where you have a hundreds of similarly designed homes all built at the same time in less than a square mile. Definitely not the situation that you would ever find in Rindge!

Don't let that value throw you or even influence you if you are looking to put your house back on the market. Find a good local agent and have them give you a value range in this market. If you need a recommendation, let me know. I have worked with a few agents in that area.

Good luck!
Jim
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November 27 2012
Profile picture for Gilbert Castro
Hi user1360187 -

Zestimate is just a starting point in determining the true value of a home. the amount of data we have for a home affects Zestimate accuracy. You can edit your home facts to supply additional information that may affect your Zestimate value. "What is a Zestimate?" and "Data Coverage and Zestimate Accuracy" provides more  information about Zestimate home valuation.

Thank you.

Gilbert
Zillow Customer Support
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November 26 2012
 

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Questionwhy is the zillow estimate so low
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Questionwhy is 49 loop road rindge nh so low compared to the other houses
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