What is your home worth?

Knarlz · Post by **Knarlz** » January 9, 2007, 11:00 am

http://www.zillow.com/

check the approx value of any home in the US.

Neost · Post by **Neost** » January 9, 2007, 3:42 pm

bad infoz.

Shows my house with a "tax assessed value" of 14k. Too bad my property taxes don't reflect that amount.

All of the properties in my neighborhood show as 12k-16k. The house across the street from me sold for 105k a year ago.

Leonaerd · Post by **Leonaerd** » January 9, 2007, 6:16 pm

Yeah, something that comprehensive must have loads of errors.

*~*stragi*~* · Post by ***~*stragi*~*** » January 9, 2007, 8:05 pm

255k avg but for our model one recently sold for 262k

Tyek · Post by **Tyek** » January 9, 2007, 8:12 pm

Mine was pretty close, 422K for my house and was recently estimated around 450K. They even had the addition we added about 2 years ago included in the square footage.

Sadly this is for a 1700 sq ft house on 11K sq foot lot 70 miles outside LA in the desert. Not a big fancy home.

Tyek · Post by **Tyek** » January 9, 2007, 8:17 pm

By the way, where does a house sell for 105K anymore? maybe I should ask for a transfer. My company does not consider local costs in their pay, so the salespeople in the midwest have 2 to 3 homes while I have enough to have one, but with little left over for extras.

Venti · Post by **Venti** » January 9, 2007, 8:58 pm

nailed my house pretty close.

Tyek and I must be neighbors, or something.

Temecula close to you?

Tyek · Post by **Tyek** » January 9, 2007, 9:05 pm

Yeah, Fontana/Rancho Cucamonga area

Post by **Xouqoa** » January 9, 2007, 9:14 pm

Mine was pretty close, maybe a little bit on the high side though for the area.

Lalanae · Post by **Lalanae** » January 10, 2007, 1:48 am

Tyek wrote:By the way, where does a house sell for 105K anymore? maybe I should ask for a transfer. My company does not consider local costs in their pay, so the salespeople in the midwest have 2 to 3 homes while I have enough to have one, but with little left over for extras.

Cost of living in Houston is one of the lowest in the country. Our homes, especially ones in the suburbs, are pretty cheap compared to homes of similar quality/age in other large cities. For example the neighborhoods around NASA, where I grew up, are valued between 100-150K and none of them are shit holes.

Our almost-inner-loop home is valued around 175K, which is considered kind of high for a small-sized home when you compare it to the same size home in the burbs, but our neighborhood is one of those older communities that has aged really well and has been attracting young blood. Our property value has been climbing steadily since we moved in, which sucks because taxes are a bitch and we have no intention to ever sell our house.

Spankes · Post by **Spankes** » January 10, 2007, 2:12 am

There have been a number of complaints about zillow. As someone who pulls and looks at AVMs (Automated Valuation Model) regularly I can tell you that in large metro areas it will give a decent average but in most other places it is very deceptive. Also, it pulls the information about home values from some of the cheapest AVMs availiable to keep costs low. That = unreliability

miir · Post by **miir** » January 10, 2007, 12:26 pm

Semis on our street have been selling for 425k-450k in the past 6 months.

I expect the the prices to exceed 450k when the market (and the weather) warms up.

miir · Post by **miir** » January 10, 2007, 12:30 pm

Sadly this is for a 1700 sq ft house on 11K sq foot lot 70 miles outside LA in the desert. Not a big fancy home.

Heh, our house is slightly smaller and our lot (considered a good size for the area) is under 3k square feet.

But our location is prime. 7 minute walk to the subway, 10 minute walk to the beaches and a 10 minute drive downtown.

Fairweather Pure · Post by **Fairweather Pure** » January 10, 2007, 12:36 pm

My house isn't even on the site. It dosen't even show up on their map. And no, it's not a new house.

FYI, $450k in my area would buy you a 5500+sq ft, 6 bedroom/4 bath home with a 3 car garage, swimming pool, and lakefront property lol.

Everything is relative.

Lynks · Post by **Lynks** » January 10, 2007, 12:43 pm

Fortunately, we bought our house during a buyers market. We got a 4 bedroom/2 bathroom house for only 108K. It was a private sell too! I'm pretty sure the house could of went for 130-150k if a Realtor was involved.

Post by **Sylvus** » January 10, 2007, 12:45 pm

Fairweather Pure wrote:My house isn't even on the site. It dosen't even show up on their map. And no, it's not a new house.

FYI, $450k in my area would buy you a 5500+sq ft, 6 bedroom/4 bath home with a 3 car garage, swimming pool, and lakefront property lol.

Everything is relative.

You live what, 90 miles west of me? The house I live in is < 1000 sq. ft., in Ann Arbor, on a pretty small lot and is around $200k.

I need to get out of town!

Leonaerd · Post by **Leonaerd** » January 10, 2007, 12:54 pm

Battle Creek is shitville! And their high school golf teams suck!

Drolgin Steingrinder · January 10, 2007, 1:03 pm

The ~1800 sq ft apartment below ours is for sale for 5.9 million DKK or roughly $1.05 mil. Quit yer bitching.

Zaelath · Post by **Zaelath** » January 10, 2007, 1:19 pm

Couldn't tell you square footage, but this place is a largish 4 bedroom house in Canberra which is bigger than the one just up the road that recently sold for $650K in the first week before it even made it to auction...

Canberra prices are insane.

Knarlz · Post by **Knarlz** » January 10, 2007, 2:37 pm

I have a nice 3 bedroom, 1900 sq ft, in a nice hood on a 80x180 lot.
It has my house at 144k which is no doubt close.

I bought it 13 years ago for..... 126k.
Fuck western NY.

Erie county NY is the tax "rate" winner in the whole USA.
I pay 4,200 usd per year in property/school taxes.
8.75% sales tax
ciggerettes are the highest taxed in the country.
Gas (strangely enough) is only 5% above national average.

The 450k mentioned in a post above would buy a dream home on the river or lake but pay over 1,000 usd per month in taxes.

Intill last year there were zero private homes here worth 1 million.
Someone ( made his $ out of town and came home to live) just built a 2 million $ home ( it looks like shit outside, like a hotel ) his taxes are 37k per year! and will rise at 5% a year without fail. ( he couldn't re sell for half already )

fuckers.

*edit* actually I was wrong about dirrect cigg taxes in NY being the highest in the US. However they do have neat fees and other dirrect to state payments that while not technicly a "tax" they come out of the consumers pocket and into the state coffers. Actually the hidden taxes are worse since the "fee" paid by the middleman or distributer to the state is padded for profit and then passed along to the end user.
Petrol is still cheap in the US compaired to most the world but New York plays tricks with this also. The dirrect state "tax" is only 8 cents per gallon. the "fees" bring this to 42 cents, not including the 8.75 % sales tax.
This allows the polititons to claim that new york has one of the lowest gas tax rates in the US even though in the end they pillage an above average amount. fuckers.

Truant · Post by **Truant** » January 10, 2007, 3:41 pm

I'm homeless. fuckers.

As to the zillow and it's accuracy. My family has two houses up for sale right now. The older one is dead on, and that whole neighborhood is very accurate. The newer one is a large, custom home in a new custom home development. It's way undervalued, and the houses all around it are either massively under or over valued. It shows $250k houses next to 1+million houses, when the truth is they're all between $350/400-$500\600k.

P.S. To anyone thinking of selling their house now, or in the very near future. Don't. Residential real estate is a fucking disaster right now, and getting worse...despite what 'optimistic reports' the news spits out. Wait it out, you'll save yourself some headache and money.

Aslanna · Post by **Aslanna** » January 10, 2007, 3:57 pm

Good. The housing market has been retarded the past 7 or so years. Where I used to live 80k townhomes built in 1999 are now going for 400k. I hope prices continue to go down.

laneela · Post by **laneela** » January 10, 2007, 4:17 pm

My condo isn't on it but the building accross the fence is (exact same building structure and condo layouts) and it shows that my twin condo is $425,000.00. For all of you bitching about prices, that's for a 640 sq ft 1/1 condo. Luckily, I don't pay for it nor will I be in a position to own something that expensive in the next 5 years.

Knarlz · Post by **Knarlz** » January 11, 2007, 1:15 pm

Truant wrote:I'm homeless. fuckers.
......
My family has two houses up for sale right now..... .

Mom: "Honey, Truant is back in town"
Dad: "fuck."
Mom: "Sell the house again?"
Dad: "Yeah. Both of them this time."

Neost · Post by **Neost** » January 11, 2007, 3:37 pm

By the way, where does a house sell for 105K anymore? maybe I should ask for a transfer. My company does not consider local costs in their pay, so the salespeople in the midwest have 2 to 3 homes while I have enough to have one, but with little left over for extras.

I live about 20 minutes outside of Little Rock, Arkansas in a town called Sherwood. Nice area, housing prices are reasonable for the most part. My house was built in 1959 at about 1350 sq ft and upgraded sometime in the 70's to 1750 sq ft.

It was a rent house prior to me purchasing it a couple of years ago as a "fixer upper" for me to flip. I only paid 56k for it and have dropped about 15k in repairs/improvements into it. County assessed the property at 84k late last year and like I mentioned the house across the street from me (smaller, about the same age) sold for 105k.

I have one or two other minor projects to complete and then replace all the flooring (about 2k in cost) and it'll be ready for the market. If I get 105k+ on it, I figure I'll have made about 30k on the house less the couple of years of mortgage payments I've made.

So then its a search for the next deal that I can find and flip.

Deward · Post by **Deward** » January 11, 2007, 3:38 pm

Real Estate is mostly fucked on the coasts but things seem to be pretty stable in the upper midwest. I have been watching for a bit of land for a while now and the prices continue to rise.

That $450k above would easily buy you 150-200 acres and a nice farm house. Farther north you could add 100 acres easily to that. Too bad I don't have that kind of cash.