I have been a Zillow member for a long time and I have found it an extremely useful tool to research Homes. I still use it as the first stop in my research. But of late I have noticed that the Property Tax data being presented by Zillow has been inconsistent and inaccurate and as a result, the Monthly Payment Calculations are no more reasonably accurate estimates just like Realtor.Com's numbers!I look up Trulia.Com for the Crime Map of a property, which unfortunately is not presented by Zillow.
Pasadenan, I see that you have over 21000 contributions and obviously been a contributor on Zillow more than I have been. I am surprised you have not noticed the deterioration in the accuracy of the Property Tax data provided by Zillow.Cash-at-Closing is the most critical piece of information that a prospective Home-Buyer needs and if Zillow cannot give a reasonable accurate Estimate, it defeats the very purpose of the whole excercise. Property Tax is the 2nd biggest component of the Monthly payment and if ZMM cannot even pull that number from its own database, then there is something fundamentally wrong with the program. I think you got what I was trying to point out - "Zillow states the property tax for that property in 2011 was $3,051 and It states the tax bill for 2011 was $1,101.12". ZMM is using $1,101.12 instead of $3,051, which is totally fallacious.
Cindy, the $82 is not PMI, it was the Property Taxes number by Zillow.
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I am trying to sell my house and just tried to get an estimate of the Cash at closing that a prospective buyer would need and the data spewed out by Zillow Mortgage seems to be totally bogus and unreliable and loaded against the novice Home-Buyer.1. The Property Taxes calculated by Zillow are way off mark and nowhere close to reality. (I have been a Zillow account holder for the last 5 years and I noticed that the Tax numbers used to be more accurate a while ago).2. For 15222 Wildhurst Ln, Cypress, TX Zillow estimates the Property Taxes to be $3,051 ($ 254.25 a Month) for the year 2011(which itself is not accurate by the way and lower than the actual property tax), but while calculating the monthly payment for a mortage on the above property, it calculates a monthly $ 82, which has no co-relation to anything. 3. Ideally, if I am a buyer, I would like to see an estimated HUD Statement on Zillow Mortgage and be able to know how much Cash-at-Closing I would need to close on the home.4. I think Zillow Mortgage is doing a lot of dis-service to the Home-Buyer by showing calculation based on bogus numbers a la Realtor.Com style!!5. By the way, did Realtor.Com buy Zillow.com?
Wow..is that some kinda joke or what Frank? The information that you provided is available on Zillow. I was asking what happened after this - "08/26/2010Listing removed *"
Well, let me put it this way..I am definitely NOT a Seller and I have been a prospective buyer for the last 3 yrs! But I would have appreciated it if you had answered my question instead of asking me a counter question!!
I had seen this home listed a couple weeks ago. Any guesses what woulda happened? I see some homes in this development being aggressively Short Sold.
Helpful info Bob G. Actually if you see my posts on this home, you may notice that the story ended up just as I said it would. Does that qualify me as an "Armchair" Expert?
Hmmm...interesting, the property seems to have been finally sold on 08/10/2009 for $ 510K after having been in the market for more than 3 years!! Was the bank holding it for that long? This is going to be a very interesting story on the state of the home inventory...