For example – my house. Same models on our street, also without any additions, are showing $100k or more higher than ours. All of these houses are 40+ years old. The only thing I can figure is that our front yard isn’t as nice. They sure as heck don’t know what the state of the inside is. For all Zillow knows we could have the most fantabulous decked out new bathrooms/kitchens with hand crafted hardword floors installed by artisons. How would zillow know?
Now, we’ve added a companion unit – which changed our deed status to multi-family. Zillow shows us as multifamily, but does not give us the added square footage. And obviously doesn’t give us the added value of having a detached 1 bedroom rental unit.
It doesn’t matter to me. I’m not planning on selling anytime in the near or longterm… we’re here for the long haul. But my house is proof that Zillow seems to pull numbers out of their butt. They don’t seem to have much credibility.
