Interesting web site. They say my house is worth $338,000. I've got the county appraiser talked down to $240K as of last year.
My next door neighbor had his house listed for months, asking $325,000 for a 2-bedroom one bath house on roughly one acre. Zillow lists it at $310K. Just a coupe days ago a sold sign went up. It will be interesting to see the assessor's listing of the actual sale price.
These numbers may sound tame to others, but we have much lower values here in MO than a lot of other places. (Just comparing the two Zillow listings, our place is 4 Br, 3.5 bath, 2100 Sq Ft, the neighbor's place is 2 BR, 1 bath, 1100 Sq Ft. So, is that ALL land value? $300K per acre of land? 1000 more Sq Ft of house and several baths, etc. is only worth $28K?)
Hmm, my neighbor on the other side has a relatively new, very fancy castle, Zillow lists it at $917K. I know they bought it about 4 years ago for $450K. Maybe zillow hasn't heard that the bubble has popped, yet.
Jon