This appears to be a really good deal that someone got on this property.
5755 Bellevue Ave
La Jolla, CA 92037
Recently Sold: $920,000
Zestimate®: $2,186,900Mortgage:
$3,433/mo
See current rates on Zillow
Beds: 4
Baths: 4
Sqft: 3,756
Lot: 7,492 sq ft / 0.17 acres
Type: Single Family
Year built: 2010
Last sold: November 23 for $920,000
Parking: Off street, Garage – Attached
Cooling: None
Heating: Forced air
Fireplace: Yes
Great new price! Enjoy white water panoramic ocean views and a perfect Bird Rock location from this brand new Craftsman style home. With excellent flow from the patios and decks to the interior living areas, this home’s open floor plan lends itself perfectly to the relaxed indoor/outdoor living
It is only used as a comp if it is considered a valid transaction. An appraiser would not even locate this sale as it was not on the MLS. Appraisers don’t file through Zillow looking for comps.
Appraisers should and do search other ways than the MLS. There are programs they use which directly interface with the tax records so they should find it.
Yes there are plenty of different methods that appraisers can use to detect sales. I am sure you have seen plenty of good appraisals and some not so good appraisals and have been able to locate questionable comps in appraisals.
Let me restate the obvious then. Based on the sales price of this home verses the sales price of surrounding properties that are similar sized and would be considered comparable properties by any appraiser or realtor, in no way do I believe this sale is or will be, considered a comp. Regardless of whether the sale was found in the tax rolls, or on Zillow.
I would also speculate that based on how the transfer was done, that there are other factors involved in this sale.
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