Sunday, May 03, 2009

Zillow is Useless Now

When Zillow first came out it looked like a great idea. And maybe someday it will be but for now it's just floundering trying to discover the magic formula that lets you read a tax roll and determine a home value. Check out this example:

Little cabin in the woods.
Here's Zillow's take.
1319 Irene St WRIGHTWOOD CA 92397
1 beds, 1.0 baths, 782 sq ft Recently Sold: $146,250
Zestimate: $170,000 30-day change: -$8,500 Value Range: $112,200 - $190,400 Last updated: 04/29/2009


And now, the Realtor.com listing.
1319 Irene St Wrightwood, CA 92397
$89,900

Still overpriced but come on Zillow, get within 100%.

5 comments:

wagga said...

Looks like good digs for the First Dog, Bo. Maybe not.

tj and the bear said...

That place isn't worth the 2000 price.

Where do you think this one could eventually go, Rob? [Not talking the next sale, mind you, but bottom price.] I'd venture 50ish, but you're the Wrightwood expert.

Rob Dawg said...

Hard to tell. It may sell now for $64k and rent out until used up (not long) and as such won't transact at the low. That said $45-$50k sound right.

w said...

I wonder how level the floor actually is. The picture is a little worrisome.

Rob Dawg said...

It isn't level in the least. I've walked by this shack for decades.