Zillow que - for ppl who have refi'd recently

[donthasslethehoff]

How close to the zillow appraisal was your actual appraisal? I know zilllow is mostly crap, but I am curious to see how much yours actually differed.

We bought our house in March 2010 and it appraised for $40K OVER what zillow was originally saying.

Right now on zillow it's saying it's worth $45K LESS than what it appraised for in 2010. I don't believe it at all.

[Pilsy]

I really don't think you can rely on these things at all, but it sound like you already know that.

Our refi closed in August. Value was $568K. Zillow says $585K today.

[80sjunkie]

Our appraisal was for more than zillow, by about 40K I believe. That said, zillow is strange in our area and does not seem to value our house properly. For example, the house next door to us which is pretty much the same house (we are in an old neighborhood and the builder bought three lots) is always worth way more than ours according to zillow.

[thatgirl2478]

LOL -well if it tells you anything.... Zillow says our rental is 'worth' 108k... but a CMA from our realtor says to list it at 75k.

[puppyluv]

Zillow has our house listed as $30k less than our appraisal from June. I think it is because Zillow doesn't factor that we are in one of the best areas of our town.

[donthasslethehoff]

Oct 11, 2012 13:26:55 GMT -5 80sjunkie said:

Our appraisal was for more than zillow, by about 40K I believe. That said, zillow is strange in our area and does not seem to value our house properly. For example, the house next door to us which is pretty much the same house (we are in an old neighborhood and the builder bought three lots) is always worth way more than ours according to zillow.

Our neighborhood is kind of similar, except ours is only ~30ish years old. All the houses are relatively similar and range in price, according to zillow, by about $60K. I've been in several of them and they're all more or less the same as far as upgrades go. Fuck zillow.

I am really hoping that it's more or less the same variance as it was when we bought it.

[ijack]

not even close. It lists it about $40k more than it appraised for

[juliabug]

A few months ago my home appraised for $5k less than what zillow listed. I was sad- zillow even says it's a 3 bedroom though it is a 4 bedroom.

[liveintheville]

Zillow has us at $70k less than our appraisal.

[jenn248]

Zillow has our house at 50K less than our appraisal.

[liveintheville]

Oct 11, 2012 14:03:27 GMT -5 scm1011 said:

Zillow is within a few thousand of my August appraisal.

I'm in the wrong zipcode :-(

[donthasslethehoff]

Oct 11, 2012 13:58:05 GMT -5 liveintheville said:

Zillow has us at $70k less than our appraisal.

From lurking, you live in Somerville, right? I live in Marlborough. Hopefully zillow just hates Massachusetts

[kaylie]

Zillow has us 33K over what we bought for six months ago (which might be accurate - we're in an improving market).

[liveintheville]

Oct 11, 2012 14:23:57 GMT -5 donthasslethehoff said:

Oct 11, 2012 13:58:05 GMT -5 liveintheville said:

Zillow has us at $70k less than our appraisal.

From lurking, you live in Somerville, right? I live in Marlborough. Hopefully zillow just hates Massachusetts

Sadly it's just us.
SCM is in the nice part of Somerville and zillow is cool with her.

I just tell myself that I don't ever plan on moving anyway.

[LoveTrains]

Zillow is pretty accurate for my mass condo.

ETA: It is $5K off from the appraisal on the house I am hopefully buying.

[liveintheville]

Oct 11, 2012 14:50:55 GMT -5 scm1011 said:

Oct 11, 2012 14:11:13 GMT -5 liveintheville said:

I'm in the wrong zipcode

Hey, I think you're about tied with us now! Those poor 02145-ers, lol.

Come on Greenline Extension 2000-never!

[Deleted]

I bought for $380k almost 2yrs prior. It appraised for $420k (which everyone thinks was low including my realtor next door neighbor (I think I could easily sell for $450k) but we needed $408k for the refi so I was happy). Zillow claims it as $576k.

[donthasslethehoff]

Oct 11, 2012 14:50:55 GMT -5 scm1011 said:

Oct 11, 2012 14:11:13 GMT -5 liveintheville said:

I'm in the wrong zipcode

Hey, I think you're about tied with us now! Those poor 02145-ers, lol.

I don't know too much about Somerville, but I didn't realize the areas differed all that much. Framingham (where we looked at several houses before we bought) is the same. Depending on the 'hood the exact same house can be like $70K different.

[liveintheville]

Oct 11, 2012 14:58:06 GMT -5 donthasslethehoff said:

Oct 11, 2012 14:50:55 GMT -5 scm1011 said:

Hey, I think you're about tied with us now! Those poor 02145-ers, lol.

I don't know too much about Somerville, but I didn't realize the areas differed all that much. Framingham (where we looked at several houses before we bought) is the same. Depending on the 'hood the exact same house can be like $70K different.

Somerville is 4 sq miles. And we have 3 zipcodes. It's crazy. SCM is probably just under 2 miles from me.

[gtkim]

Zillow has us $125K less than our appraisal.