Estimated Value: 250 King St 1616 San Francisco, CA 94107

South Beach, Condominium
Sold for $1,405,000 on 10-1-2012
Zillow Real Estate Search Zestimate®: $1,231,475
eppraisal: $802,458
» Find out What This Property is Really Worth

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 South Beach

AddressBeds/BathsSold Priceeppraisal
Estimate
Off ByZillow Real Estate Search
Zestimate®
Off By
501 PH1B Beale2BD/2BA$893,000N/AN/A$562,341$330,659 or 37%
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