For My Property Value, Zestimate Is Graded F -

Zillow's property algorithm is a mess. It has its hits and misses. The venerated estate company did not bother to investigate, for exmaple, why my property's SD is ±$50,00 between the summer of 2020 and summer of 2021.

In the preceding year, my house valued the most among the houses on the block. In this year 2021, however, my property value is ranked last on the block by Zillow. Reasons not given.

Case in point, on my neighbor's smaller lot, the house has a poorly constructed leaking patio roof; the house also has peeled exterior paints with exposed trim. These exterior blemishes has existed for many years. Yet Zillow estimated my neighbor's property worth thousands of dollars more than my.

Of coourse, Zillow would not care or know that I have invested $100K in recent years sprucing up my house. It is built on a larger lot than my neighbor's. As Lundquist sums it up in the referenced web below, "Zillow can't smell if twenty cats live there [house]."

Nevertheless, this blogger thinks Zillow is still satisfied with its arm-chair Zestimate algorithm.

Zillow's Home Flipping Fiasco   (November 2021)