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    TIM

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    DAMON

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    VALERIE

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Team Toye

Realtors

Timothy Toye & Associates

16360 Hwy 175, Cobb, CA 95426

707-928-6900

140A N Main St, Lakeport, CA 95453

707-263-2052

marketing@teamtoye.com


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June 21, 2023

Half a million dollars for this Anderson Springs Rd parcel? Yep...

The property at 11231 Anderson Springs Rd is a 13.73-acre lot located in the Anderson Springs neighborhood of Middletown. The property is comprised of four parcels, two of which sit directly across from the community recreation center and two of which are 6+ acres each. The property has a water connection that is ready for a new build, as well as power at the street and sewer connection available. Anderson Springs is located five minutes north of Middletown, five minutes south of Cobb, and 10 minutes to Harbin Hot Springs.


What do the bots think about this property's value? Here are screenshots of what we found:

Most of the bots didn't even try to give an estimate!


We are thinking because this is four parcels selling as one, the bots were incapable of giving an estimate.


What was the expert's list price? Team Toye listed this property for $120,000 in June of 2023. 


Let's see how the expert's price compares with each of the bot estimates:

Expert Price vs Bot Estimates for 11231 Anderson Springs Rd

Wow! Redfin was very close.


But every other bot either didn't even try, or missed the mark by a huge amount.


Movoto for some reason thought it was worth approaching a half million dollars! Yikes.


This is why you cannot trust bots. They are fun to play with, but when you get serious, talk with a local real estate expert.


Thinking about selling? Don't trust bots to estimate your home's value. Request a property value report from one of the Lake County experts from Team Toye. It's free and without obligation.

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By Lawrence Schoeffler September 15, 2023
@SacAppraiser | Ryan Lundquist Zestimate history. This property in Roseville listed at $349K, and the Zestimate matched the list price at $349K despite comps being above $600K. After 11 days the price went to $699K (sold $638K). Today's Zestimate shows no history of $349K. Maybe a brief Zestimate gets erased?
By Lawrence Schoeffler August 16, 2023
How Accurate Is My Zestimate Home Valuation? | The Jill Biggs Group Have you ever wondered just how accurate Zillow's Zestimate really is when it comes to estimating the value of your home? ๐Ÿ ๐Ÿ’ฐ In this video, we delve into the world of Zestimates and break down the factors that influence their accuracy. ๐Ÿ” What is a Zestimate? The Zestimate is Zillow's proprietary home valuation model that provides an estimate of a property's market value. By utilizing a mix of public records, Multiple Listing Service (MLS) data, and user-contributed information, Zillow's formula calculates an estimated value. The model also takes into consideration various factors such as property details, location, and current market trends. ๐Ÿ“Š How is a Zestimate Calculated? Discover the intricate details behind the algorithm that powers Zestimates. We'll explain the data sources used, including publicly available records and user-generated data, and how these inputs are processed to generate an estimate. Uncover the role of MLS data and how it contributes to refining the accuracy of the Zestimate...
Don't Believe Online Home Value Estimates
By Lawrence Schoeffler June 24, 2023
"Those online estimates are simply that: estimates" | Barbara Bellesi Zito My husband and I browse real estate listings occasionally, but we’re perfectly content to stay where we are until both the market and mortgage rates behave themselves again. For kicks, we recently checked out the estimated value of one very interesting listing: our own home. The number surprised us both. “Should we call a real estate agent and start packing?” my husband asked. We came to our senses, of course, fully aware that those online estimates are simply that: estimates. But if this particular site were indeed to be believed, our house was worth $122,000 more than what we bought it for seven years ago. Another listing site pulled up the same figure, while a third offered a more conservative estimate, which was still $68,000 more than what we paid. I did reach out to a few real estate agents, not to list our home, but to get their advice on whether anyone should believe those online home value estimates. Here’s why they think you should take what you see with a proverbial grain of salt...
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