Bot misses expert's price by $70,000 for this Kelseyville Home
This 1,800 square foot home, at 4685 Hawaina Way in Kelseyville, which was built in 1985, sits on a 0.26 acre lot. It has 5 bedrooms and 3 bathrooms. The home has panoramic lake and mountain views from its private ridgetop location. It also has a large, full length secluded deck with a hot tub. The home also has a set apart studio with its own bath, kitchenette, and deck for guests, or as a BnB rental.
What do the bots think about this home's value? Here are screenshots of what we found:
From a low of $352,724 to a high of $443,979, the bots differed in their estimates by as much as $91,255.
That's a difference of over 25% between the bots.
What was the expert's list price? Team Toye listed this property for $425,000 in June of 2023.
Let's see how the expert's price compares with each of the bot estimates:
What is the potential impact on the homeowner? What do they stand to lose or gain, if the property sold for the list price?
On average, bots priced this home at $405,386, which is $19,968 or 5% less than the expert's price. That is a significant potential loss.
Looking at the bots individually, Redfin was only $56 different from the expert's price.
Bank of America was about $70,000 less that the expert's price for this home and represents a significant potential loss.
Movoto, on the other hand, would have priced the property at $18,979 or 5% above the expert's price.
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.
