Thread: OT: Zillow screwed up

On 3/13/2012 3:30 PM, Bryan wrote:
> Many of us know that Zillow often gets the value of houses wrong, but I've never seen one THIS wrong:
> http://www.zillow.com/homedetails/77.../2769259_zpid/


Hey, only $27K a square foot. Act now, cuz this one won't last long!

In article
<33026431.805.1331674210745.JavaMail.geo-discussion-forums@vbhz5>,
Bryan <[email protected]> wrote:

> Many of us know that Zillow often gets the value of houses wrong, but I've
> never seen one THIS wrong:
> http://www.zillow.com/homedetails/77...ghts-MO-63117/
> 2769259_zpid/
>
> --Bryan

Thats a good one! Zillow is very unreliable. Their Zestimate is a
guestimate. They have some real data and guess at the rest and plug it
into their ****ty proprietary formula. You can't determine the value of
a home by the value of the one across the street unless youre talking
mobile home.

BULL

On Tue, 13 Mar 2012 15:54:47 -0600, Pennyaline
<[email protected]> wrote:

>On 3/13/2012 3:30 PM, Bryan wrote:
>> Many of us know that Zillow often gets the value of houses wrong, but I've never seen one THIS wrong:
>> http://www.zillow.com/homedetails/77.../2769259_zpid/
>
>
>Hey, only $27K a square foot. Act now, cuz this one won't last long!


Check the house next door. It is valued at $1million. Others vary in
the mid 130's to the 230's on St. Albans St.

On Tuesday, March 13, 2012 6:02:19 PM UTC-5, Ed Pawlowski wrote:
> On Tue, 13 Mar 2012 15:54:47 -0600, Pennyaline
> <[email protected]> wrote:
>
> >On 3/13/2012 3:30 PM, Bryan wrote:
> >> Many of us know that Zillow often gets the value of houses wrong, but I've never seen one THIS wrong:
> >> http://www.zillow.com/homedetails/77.../2769259_zpid/
> >
> >
> >Hey, only $27K a square foot. Act now, cuz this one won't last long!
>
>
> Check the house next door. It is valued at $1million. Others vary in
> the mid 130's to the 230's on St. Albans St.

The one next door isn't valued at a million. That's the "Make Me Move" price. It's a joke, because 7719 isn't even worth $100,000, though it did *appraise for* $103,000 less than 3 years ago.

--Bryan

On Tue, 13 Mar 2012 14:30:10 -0700 (PDT), Bryan
<[email protected]> wrote:

> Many of us know that Zillow often gets the value of houses wrong, but I've never seen one THIS wrong:
> http://www.zillow.com/homedetails/77.../2769259_zpid/
>
> --Bryan

I don't get it. My experience with Zillow is they are dead on. I
have no idea how much home values in Mo have dropped in the last year;
so what do you think it should have said?

--
Food is an important part of a balanced diet.

On Wednesday, March 14, 2012 1:23:22 AM UTC-5, sf wrote:
> On Tue, 13 Mar 2012 14:30:10 -0700 (PDT), Bryan
>
> wrote:
>
> > Many of us know that Zillow often gets the value of houses wrong, but I've never seen one THIS wrong:
> > http://www.zillow.com/homedetails/77.../2769259_zpid/
> >
> > --Bryan
>
> I don't get it. My experience with Zillow is they are dead on. I
> have no idea how much home values in Mo have dropped in the last year;
> so what do you think it should have said?
>
The actual value is probably $135K-$150K. Certainly not 43 million.
Zillow has the little house next door valued at $113,300, and I doubt that anyone would pay $100K for it, but overvaluing by 20% is a lot different than saying a house is worth over 300 times what it really is. The email said, "Your Zestimate has increased 26634.0%."

--Bryan

On Wed, 14 Mar 2012 05:04:40 -0700 (PDT), Bryan
<[email protected]> wrote:

> On Wednesday, March 14, 2012 1:23:22 AM UTC-5, sf wrote:
> > On Tue, 13 Mar 2012 14:30:10 -0700 (PDT), Bryan
> >
> > wrote:
> >
> > > Many of us know that Zillow often gets the value of houses wrong, but I've never seen one THIS wrong:
> > > http://www.zillow.com/homedetails/77.../2769259_zpid/
> > >
> > > --Bryan
> >
> > I don't get it. My experience with Zillow is they are dead on. I
> > have no idea how much home values in Mo have dropped in the last year;
> > so what do you think it should have said?
> >
> The actual value is probably $135K-$150K. Certainly not 43 million.
> Zillow has the little house next door valued at $113,300, and I doubt that anyone would pay $100K for it, but overvaluing by 20% is a lot different than saying a house is worth over 300 times what it really is. The email said, "Your Zestimate has increased 26634.0%."
>

No comment about Zillow, but it looks like that house is over-built
for the neighborhood - which is not a good thing.

--
Food is an important part of a balanced diet.

sf wrote:
> Bryan <[email protected]> wrote:
>
>> Many of us know that Zillow often gets the value of houses wrong, but I've never seen one THIS wrong:
>> http://www.zillow.com/homedetails/77.../2769259_zpid/
>
> I don't get it. My experience with Zillow is they are dead on.

Zillow is a site for consumers so the price estimates are deliberately
inflated a bit. In a rising market it wasn't an inaccurate model. In a
falling market it is a feel good model that runs higher than the offers
you'll get.

"Bull" <[email protected]> wrote in message
news:[email protected]..
> In article
> <33026431.805.1331674210745.JavaMail.geo-discussion-forums@vbhz5>,
> Bryan <[email protected]> wrote:
>
>> Many of us know that Zillow often gets the value of houses wrong, but
>> I've
>> never seen one THIS wrong:
>> http://www.zillow.com/homedetails/77...ghts-MO-63117/
>> 2769259_zpid/
>>
>> --Bryan
>
> Thats a good one! Zillow is very unreliable. Their Zestimate is a
> guestimate. They have some real data and guess at the rest and plug it
> into their ****ty proprietary formula. You can't determine the value of
> a home by the value of the one across the street unless youre talking
> mobile home.
>
> BULL

That might even be difficult with some mobile homes. Heheh. Where I live,
the house across the street, and both houses next door all have kitchen and
bathroom upgrades. I certainly understand my house is not valued at
anything near those houses. I wouldn't care unless I were trying to sell
the place. I keep the exterior and lawn well maintained. Lots of curb
appeal (the azalea bushes are all blooming right now, it's glorious!).
People who have never been *in* my house can't tell from the outside it
doesn't have all the HGTV bells and whistles on the inside

Jill

On Wednesday, March 14, 2012 11:13:23 AM UTC-5, sf wrote:
> On Wed, 14 Mar 2012 05:04:40 -0700 (PDT), Bryan
>
> wrote:
>
> > On Wednesday, March 14, 2012 1:23:22 AM UTC-5, sf wrote:
> > > On Tue, 13 Mar 2012 14:30:10 -0700 (PDT), Bryan
> > >
> > > wrote:
> > >
> > > > Many of us know that Zillow often gets the value of houses wrong, but I've never seen one THIS wrong:
> > > > http://www.zillow.com/homedetails/77.../2769259_zpid/
> > > >
> > > > --Bryan
> > >
> > > I don't get it. My experience with Zillow is they are dead on. I
> > > have no idea how much home values in Mo have dropped in the last year;
> > > so what do you think it should have said?
> > >
> > The actual value is probably $135K-$150K. Certainly not 43 million.
> > Zillow has the little house next door valued at $113,300, and I doubt that anyone would pay $100K for it, but overvaluing by 20% is a lot different than saying a house is worth over 300 times what it really is. The emailsaid, "Your Zestimate has increased 26634.0%."
> >
>
> No comment about Zillow, but it looks like that house is over-built
> for the neighborhood - which is not a good thing.
>
The only one that is over-built is the newly built one at 7720. 7717 was built in 1925, 7719 in 1911. I should get a plaque made for the little house since it's over a hundred years old.

--Bryan

In article <[email protected]>,
"jmcquown" <[email protected]> wrote:

> "Bull" <[email protected]> wrote in message
> news:[email protected]..
> > In article
> > <33026431.805.1331674210745.JavaMail.geo-discussion-forums@vbhz5>,
> > Bryan <[email protected]> wrote:
> >
> >> Many of us know that Zillow often gets the value of houses wrong, but
> >> I've
> >> never seen one THIS wrong:
> >> http://www.zillow.com/homedetails/77...Heights-MO-631
> >> 17/
> >> 2769259_zpid/
> >>
> >> --Bryan
> >
> > Thats a good one! Zillow is very unreliable. Their Zestimate is a
> > guestimate. They have some real data and guess at the rest and plug it
> > into their ****ty proprietary formula. You can't determine the value of
> > a home by the value of the one across the street unless youre talking
> > mobile home.
> >
> > BULL
>
> That might even be difficult with some mobile homes. Heheh. Where I live,
> the house across the street, and both houses next door all have kitchen and
> bathroom upgrades. I certainly understand my house is not valued at
> anything near those houses. I wouldn't care unless I were trying to sell
> the place. I keep the exterior and lawn well maintained. Lots of curb
> appeal (the azalea bushes are all blooming right now, it's glorious!).
> People who have never been *in* my house can't tell from the outside it
> doesn't have all the HGTV bells and whistles on the inside
>
> Jill

I checked Zillow on a number of properties I'm familiar with including
my own and every one of them had major errors. Even had the school
district wrong on one. A nice yard says a lot about an owner. Either
they are meticulous and love the landscape or hiding something. (:
Appraisal work is tricky even for the best of 'em. A closed contract is
the best determination of market value.


BULL