Say What? Zillow Has Champ d'Or "Zestimated" at $512,839
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“A Zestimate® home valuation is Zillow’s estimated market value. It is not an appraisal. Use it as a starting point to determine a home’s value.”
Well, OK then. Glad to know it. Because when it comes to 1851 Turbeville Road, the good folks at Zillow have a very unique price for the property: $512,839. This for a 48,000 square foot home with 38 acres. Their estimated mortgage payment is $135,198 per month… so they have the “zestimate” at about five times the monthly payment. Wow.
Texas biggest and best masterpiece,the Champ dOr,has everything even the pickiest buyer has been looking for!Approximately 40,000 sq ft of luxury living,on almost 40 acres,all while only being minutes away from the big city.Some of the features include 6 stately bedrooms,6 luxurious bathrooms,8 half bathrooms,exercise room,bowling alley,racquetball court,indoor AND outdoor pools,outdoor veranda,steam sauna room,grandballroom and media room. Brokered And Advertised By: Rogers Healy and Associates Listing Agent.
A very picky buyer might look at this Zestimate versus the asking price of the home and end up with a major scrambled brain. Where does Zillow get these numbers?
Zestimates
Value | Range | 30-day change | $/sqft | Last updated | |
---|---|---|---|---|---|
Zestimate What’s this? | $512,839 | $410K – $590K | — | $14 | 02/02/2014 |
Rent Zestimate What’s this? | $3,134/mo | $1.6K – $6.3K/mo | -$170 | $0.09 | 01/27/2014 |
Owner tools | Post your own estimate | ||||
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Market guide |
Zillow predicts 75065 home values will increase 2.5% next year, compared to a 3.3% rise for Hickory Creek as a whole. Among 75065… more
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But see there, Zillow expects home values in Hickory Creek to increase next year. We’ll reach $35 million in no time!
What the WHAT? That's just ridiculous? Is the "Zestimate" just automated? Because I can't see any sane individual agreeing with that number.
What the WHAT? That's just ridiculous? Is the "Zestimate" just automated? Because I can't see any sane individual agreeing with that number.
Zillow estimates only really work in neighborhoods that are newer tract house areas – neighborhoods where the homes are relatively similar. In older neighborhoods where homes are various levels of updating and remodel an average price per sq. ft. is no measure of value.
Zillow estimates only really work in neighborhoods that are newer tract house areas – neighborhoods where the homes are relatively similar. In older neighborhoods where homes are various levels of updating and remodel an average price per sq. ft. is no measure of value.
I owe Jay a phone call!
I owe Jay a phone call!
We need to print this article and use it in or listing presentations as a reason for NOT sydicating to zillow!!
I cant tell you how many buyers argue value off zillow. Its nuts.
Do it! Tell everyone to read CandysDirt, too, while you're at it!
We need to print this article and use it in or listing presentations as a reason for NOT sydicating to zillow!!
I cant tell you how many buyers argue value off zillow. Its nuts.
Do it! Tell everyone to read CandysDirt, too, while you're at it!
I just delivered my over-Zestimate offer of $550,000. Fingers crossed….
I just delivered my over-Zestimate offer of $550,000. Fingers crossed….
[…] friends at Zillow cannot get the prices of Texas homes right, but they sure can analyze data. Because when it comes to data, they have a whole […]
[…] friends at Zillow cannot get the prices of Texas homes right, but they sure can analyze data. Because when it comes to data, they have a whole […]