Estimated Value: 600 Chestnut St 205 San Francisco, CA 94133
How accurate are the Automated Valuation Models (AVM)?
Automated estimates are interesting to look at and compare. There are countless AVMs in the marketplace, each claiming to be more accurate than the rest. The most sophisticated among these are available exclusively to the real estate industry - primarily to lenders and appraisers. These complex mathematical algorithms use various data sources to profile property and determine an estimated value range.
How does a database know that your new kitchen finishes are high-end and reflect the latest trends? How can it take into account that your garden is right off the living area and protected from the winds, unlike the similar house next door? Many crucial factors are not factored into computer generated estimates, which is why the value range they offer is wide and unreliable.
Zephyr agents can refine value in a way AVMs cannot. Contact us for a no obligation analysis and introduction into how we can provide consummate value and service to you.
Estimate vs. Actual: Recent Sales in North Beach
| Address | Beds/Baths | Sold Price |  Estimate | Off By |  Zestimate® | Off By |
|---|---|---|---|---|---|---|
| 715 Commercial St | 4BD/1BA | $640,000 | $877,498 | $237,498 or 37% | $1,178,300 | $538,300 or 84% |
| 643 Greenwich St | 5BD/4BA | $3,175,000 | $1,543,525 | $1,631,475 or 51% | $2,044,900 | $1,130,100 or 36% |
| 11 August | 2BD/2BA | $1,400,000 | $2,059,565 | $659,565 or 47% | $877,300 | $522,700 or 37% |
| 659 Greenwich St | 4BD/3BA | $3,795,000 | $2,927,990 | $867,010 or 23% | $3,030,900 | $764,100 or 20% |
| 45 Water | 0BD/0BA | $782,500 | $790,776 | $8,276 or 1% | $787,500 | $5,000 or 1% |
| 30 Winter Pl | 3BD/1BA | $958,575 | $1,108,012 | $149,437 or 16% | $780,600 | $177,975 or 19% |
| 42 August Aly | 3BD/3BA | $2,250,000 | $1,963,687 | $286,313 or 13% | $1,665,300 | $584,700 or 26% |
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Copyright ©1996-2012 Zephyr Real Estate. All rights reserved.
This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable. Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Franccisco Associatiation of REALTORS©, but is not warranted.
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