and see if, after all this time, they’re still as far off the mark in their valuations of Foothills homes as they’ve always been.
The criteria;
I ran a search in the Tucson MLS for single family homes in the foothills that sold from July 1, 2010 thru today (8/12/10), listed from $750,000 to $1,250,000 and sold at whatever price they sold at.
That’s it, nice n’ simple, with nothing to complicate things or throw a monkey wrench into Zillow’s sacred secret formula.
A grand total of 8 homes fit that criteria -
So without further ado, here they are, along with Zillow’s Zestimate of their value vs the actual sold price of the 8 homes as reported in the Tucson MLS.
1. 6005 N Pontatoc Road, Tucson, AZ 85718
Zillow says - $764,500
Actual Sold price - $747,000
2. 6616 N Los Leones Dr, Tucson, AZ 85718
Zillow says - $1,082,000
Actual Sold price - $725,000
3. 4210 N Saranac Drive, Tucson, AZ 85718
Zillow says - $636,000
Actual Sold price - $790,000
4. 6920 N Solaz Primero Tucson, AZ 85718
Zillow says - $610,500 (range $488K – $684K)
Actual Sold price - $840,000
5. 3141 E Crest Shadows Drive, Tucson, AZ 85718
Zillow says - $751,500
Actual Sold price - $887,500
6. 7915 N Sendero De Juana Tucson, AZ 85718
Zillow says - $738,500 (range $583K – $812K)
Actual Sold price - $915,000
7. 3250 E Sun Cloud Place, Tucson, AZ 85718
Zillow says - $1,140,500
Actual Sold price - $1,000,000
8. 2801 E Plaza Encantada, Tucson, AZ 85718
Zillow says – we won’t even guess
Actual Sold price - $1,149,000
Please note that Zillow provides the following explanation/disclaimer of the Zestimate:
A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value.
That’s a good one, a starting point. Try a dart board instead, at least you’ll have a few laughs.
PS- and given the lack of anything remotely resembling accuracy in the very important area of home valuations in the foothills which Zillow, nevertheless, seems to pride themselves on, I can’t help wondering why so many real estate agents continue to advertise on and associate themselves with Zillow. Since doing so is clearly an endorsement of zillow.
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