http://www.luxist.com/2007/11/13/historic-hill-estate-of-the-day/ Luxist Comments for Historic Hill, Estate of the Day http://www.luxist.com/media/feedlogo.gif http://www.luxist.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/http://www.luxist.com/2007/11/13/historic-hill-estate-of-the-day/http://www.luxist.com/2007/11/13/historic-hill-estate-of-the-day/Nov 13th 2007 3:23PMhttp://www.luxist.com/2007/11/13/historic-hill-estate-of-the-day/http://www.luxist.com/2007/11/13/historic-hill-estate-of-the-day/Nov 13th 2007 6:43PMhttp://www.luxist.com/2007/11/13/historic-hill-estate-of-the-day/http://www.luxist.com/2007/11/13/historic-hill-estate-of-the-day/Well, here is one - it tries to 'value' a home without looking at it. A bit of an imperfect science.

A property is worth what a buyer and seller agree to sell/buy it for in a reasonable amount of time. A Zillow zestimate gives your a nice flavour of the assessed values of the area, but very little insight into the property itself

Ben
www.Benjaminbach.com]]>Nov 14th 2007 6:22AMhttp://www.luxist.com/2007/11/13/historic-hill-estate-of-the-day/http://www.luxist.com/2007/11/13/historic-hill-estate-of-the-day/
Sq footage, recent tax assesments, sale prices of nearby homes and other data only goes so far in terms of determining market value. The quality of materials (slate, chestnut, stone, etc), appealing architecture, landscaping, views, et al are factors which Zillow couldn't possibly take into account.

Seriously if say 'Biltmore' in Ashville, NC was to go on the market do you think Zillow would be anywhere near accurate in determining 'market value'?]]>Nov 14th 2007 10:45AMhttp://www.luxist.com/2007/11/13/historic-hill-estate-of-the-day/http://www.luxist.com/2007/11/13/historic-hill-estate-of-the-day/Zillow carries no credibility at all. You should check your figures and doing research first. I would bet dollars to donuts that this house has been greatly exaggerated. It's probably more like $1.5MM or less.

-Adam
President/CEO
http://www.wealthstore.com]]>Nov 19th 2007 10:08PM