Estimated Value: 185 7th Ave San Francisco, CA 94118
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 Lake Street
| Address | Beds/Baths | Sold Price |  Estimate | Off By |  Zestimate® | Off By |
|---|---|---|---|---|---|---|
| 164 24th Ave | 3BD/3BA | $3,550,000 | $2,264,835 | $1,285,165 or 36% | $3,123,627 | $426,373 or 12% |
| 104 3rd Ave | 3BD/2BA | $1,740,000 | $2,097,242 | $357,242 or 21% | $1,583,361 | $156,639 or 9% |
| 101 25th Ave | 2BD/2BA | $975,000 | $979,818 | $4,818 or 0% | $856,100 | $118,900 or 12% |
| 2345 Lake | 4BD/2BA | $2,450,000 | $2,507,935 | $57,935 or 2% | $2,238,725 | $211,275 or 9% |
| 147 20th Ave | 3BD/2BA | $1,775,000 | $1,571,239 | $203,761 or 11% | $1,590,826 | $184,174 or 10% |
| 147 14th Ave | 4BD/3BA | $2,425,000 | $870,223 | $1,554,777 or 64% | $2,136,003 | $288,997 or 12% |
| 114 21st Ave | 3BD/2BA | $1,100,000 | $1,224,073 | $124,073 or 11% | $1,601,607 | $501,607 or 46% |
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Copyright ©1996-2013 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 Francisco Association of REALTORS©, but is not warranted.
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