{"id":1286,"date":"2011-11-17T16:01:14","date_gmt":"2011-11-17T16:01:14","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=1286"},"modified":"2011-11-17T16:01:45","modified_gmt":"2011-11-17T16:01:45","slug":"zillow-zestimates-differ-greatly-from-actual-appraisals","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/zillow-zestimates-differ-greatly-from-actual-appraisals\/","title":{"rendered":"Zillow Zestimates differ greatly from Actual Appraisals"},"content":{"rendered":"

Zillow Zestimates differ greatly from Actual Appraisals.<\/p>\n

Zillow\u00a0Zestimates are every\u00a0 homeowner\u2019s best friend (and in a lot of cases their worst enemy). Hardly a week goes by that someone doesn’t say \u201cZillow Zestimate told me my home is worth (fill in the blank).\u201d<\/p>\n

These Zestimates that homeowners often present to appraisers can produce some interesting (and misleading)\u00a0results.\u00a0 So much so, that I thought we could do a comparison of 12 randomly selected appraisals that were completed by our office and match them up against their Zillow Zestimates.\u00a0 Keep in mind that the appraisals have the benefit of a full property inspection by a human being.\u00a0 \u00a0Zillow uses public records and complex algorithms.\u00a0 Here are the results.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Lafayette Hill house<\/td>\nAppraisal: $600,000<\/td>\nZillow: $529,000<\/td>\n\n

(-11.83%)<\/strong><\/p>\n<\/td>\n<\/tr>\n

Oreland house<\/td>\nAppraisal: $230,000<\/td>\nZillow: $209,500<\/td>\n\n

(-9.78%)<\/strong><\/p>\n<\/td>\n<\/tr>\n

Gladwyne house<\/td>\nAppraisal: $585,000<\/td>\nZillow: $633,500<\/td>\n\n

7.66%<\/strong><\/p>\n<\/td>\n<\/tr>\n

Roxboro twin<\/td>\nAppraisal: $206,000<\/td>\nZillow: $186,300<\/td>\n\n

(-10.57%)<\/strong><\/p>\n<\/td>\n<\/tr>\n

Conshohocken house<\/td>\nAppraisal: $350,000<\/td>\nZillow: $279,600<\/td>\n\n

(-25.17%)<\/strong><\/p>\n<\/td>\n<\/tr>\n

Blue Bell house<\/td>\nAppraisal: $335,000<\/td>\nZillow: $314,900<\/td>\n\n

(-6.38%)<\/strong><\/p>\n<\/td>\n<\/tr>\n

Chestnut Hill twin<\/td>\nAppraisal: $300,000<\/td>\nZillow: $334,200<\/td>\n\n

10.23%<\/strong><\/p>\n<\/td>\n<\/tr>\n

East Falls twin<\/td>\nAppraisal: $411,000<\/td>\nZillow: $427,100<\/td>\n\n

3.77%<\/strong><\/p>\n<\/td>\n<\/tr>\n

Center City condo<\/td>\nAppraisal: $755,000<\/td>\nZillow: $634,200<\/td>\n\n

(-19.05%)<\/strong><\/p>\n<\/td>\n<\/tr>\n

Penn Valley house<\/td>\nAppraisal: $585,000<\/td>\nZillow: $561,000<\/td>\n\n

(-4.28%)<\/strong><\/p>\n<\/td>\n<\/tr>\n

Rittenhouse Square townhouse<\/td>\nAppraisal: $1,900,000<\/td>\nZillow: $898,700<\/td>\n\n

(-111.4%)<\/strong><\/p>\n<\/td>\n<\/tr>\n

Chester Springs home<\/td>\nAppraisal: $1,000,000<\/td>\nZillow: $871,700<\/td>\n\n

(-14.72%)<\/strong><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

As you can see there are\u00a0 pretty significant deviations between the appraised value and the Zillow Zestimate.\u00a0 In one case, Zillow was off by more than 111% (this seems like a fluke) but, in other examples as close as 3.77% (not bad!).<\/p>\n

Bottom line, Zillow is a tool\u2026a starting point.\u00a0 It\u2019s wonderful for neighborhood data, graphs and general sales information.\u00a0 It\u2019s probably not the best place if you\u2019re looking for assistance with making definitive decision.<\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Zillow Zestimates differ greatly from Actual Appraisals. Zillow\u00a0Zestimates are every\u00a0 homeowner\u2019s best friend (and in a lot of cases their worst enemy). Hardly a week goes by that someone doesn’t say \u201cZillow Zestimate told me my home is worth (fill in the blank).\u201d These Zestimates that homeowners often present to appraisers can produce some interesting … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1286","post","type-post","status-publish","format-standard","hentry","category-uncategorized","item-wrap"],"yoast_head":"\nZillow Zestimates differ greatly from Actual Appraisals - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/zillow-zestimates-differ-greatly-from-actual-appraisals\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/zillow-zestimates-differ-greatly-from-actual-appraisals\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/zillow-zestimates-differ-greatly-from-actual-appraisals\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Zillow Zestimates differ greatly from Actual Appraisals\",\"datePublished\":\"2011-11-17T16:01:14+00:00\",\"dateModified\":\"2011-11-17T16:01:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/zillow-zestimates-differ-greatly-from-actual-appraisals\\\/\"},\"wordCount\":268,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/zillow-zestimates-differ-greatly-from-actual-appraisals\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2011\\\/11\\\/index7-300x63.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/zillow-zestimates-differ-greatly-from-actual-appraisals\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/zillow-zestimates-differ-greatly-from-actual-appraisals\\\/\",\"name\":\"Zillow Zestimates differ greatly from Actual Appraisals - 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