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:
Looks like good digs for the First Dog, Bo. Maybe not.
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.
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.
I wonder how level the floor actually is. The picture is a little worrisome.
It isn't level in the least. I've walked by this shack for decades.
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