ProGolferWannabe
Recycles dryer sheets
- Joined
- Jan 14, 2012
- Messages
- 141
I live in a townhouse community (18 townhomes) that are identical structurally. The only differences are cosmetic and unique to each home's interior. The exterior, construction materials, square footage, etc. are all the same. All of the homes are more or less identical in terms of location, e.g. none are on major roads, they all bascially are surrounded by the similar properties.
I looked on Zillow and there is over a $100,000 difference between the estimated home prices from the highest valued house to the lowest. (The price ranges are between $700K and $800K.) I never put a lot of stock in Zillow estimates, but I thought these differences were off the charts. Does anybody know how Zillow determines its prices? In my situation, I would expect the algroithm ZIllow uses would recognize the similarities of the townhomes, and price them more consistently.
I looked on Zillow and there is over a $100,000 difference between the estimated home prices from the highest valued house to the lowest. (The price ranges are between $700K and $800K.) I never put a lot of stock in Zillow estimates, but I thought these differences were off the charts. Does anybody know how Zillow determines its prices? In my situation, I would expect the algroithm ZIllow uses would recognize the similarities of the townhomes, and price them more consistently.