But Zillow’s Zestimate® Says My Atlanta Home Is This Much?

But Zillow’s Zestimate® Says My Atlanta Home Is This Much?

But Zillow’s Zestimate® Says My Atlanta Home Is This Much?

This is something that is often heard a lot in real estate.      Zillow will tell you on their own website to get an appraiser or consult a real estate professional.      When was the last time that you trusted your local tax assessor to give you and accurate price on what your home is worth?   Chances are you aren’t very trusting of that persons assessment of your homes value even though they reside in the same county as you.   Why would people trust a company that ONLY  knows their home through satellite photos of the rooftop?

Unfortunately the average consumer isn’t aware that by their own admission; Zillow is not always correct and has a margin of error. 

At the time of publishing, the latest zestimate® accuracy data for Atlanta GA shows that 99% of the time Zillow’s Zestimates® are 20% off from the sales price of a home on the market.

20% off from a $500,000 house is $50,000!    What could your family do with that 20% difference?    What would that money mean to you?

At the time of publishing, the latest Zestimate® accuracy data for the two counties that make up the majority of the city of Atlanta, Dekalb and Fulton as well as those that touch the Atlanta I-285 bypass, Clayton and Cobb, shows an 98% average of on-market Zestimates to be 20% off from the sales price of a home.

This is still an alarming number and I wouldn’t have wanted to the the seller that missed out on that 20%.

How is a Comparative Market Analysis (CMA)  from a REALTOR®  like myself much better than a Zestimate® ?

As a REALTOR® it is my job to know the in’s and out’s about your property and neighborhood/community stats.     Zillow probably isn’t going to know the five factors that influence your homes resale value.

Also as a real estate professional I will analyze the internal and external condition of your home, the uniqueness of it, note any updates you have done since purchasing the home.  Thus far, Zillow doesn’t have x-ray vision technology to see through the roof and walls of your home to see your unique furnishings.    Your home may be far different than your neighbors and yet may be similar in age.

As an Agent, I will make allowable adjustments for many things including those listed below.

  • Differences in sq ft if greater than 100 sq ft.

  • Age of the home to comparable – If over 5 years of age

  • 2 Car Garage vs. 1 car garage vs carport

  • Deck vs. No Deck

  • Patio vs. No Patio

  • Hardwoods vs. New Carpet vs. Vinyl

  • Fresh Paint vs. None

  • Basement vs. None vs. Finished Basement

  • # of Bathrooms

  • Type of View

  • Cul – de -Sac vs no cul-de-sac

  • Fireplace vs. None

  • Fenced Yard vs. None vs. Partially Fenced Yard

  • Age of HVAC

  • Age of Roof

  • New Windows

 The idea of a CMA is to make adjustments to those properties that have SOLD near your home/area within the last six to nine months.  Six is preferable unless there is low inventory of homes that have sold nearby.   We only make adjustments to the comparable properties; never the subject property/yours.  This analysis gives us a range in which your home should be listed at.     There is then a bit of art and science in utilizing some of the updates or improvements that you may have done since purchasing.   Unfortunately we can’t really make an adjustment for the fact that you decided to install granite countertops in your kitchen while the neighbor chose not to.  Do the granite countertops show value?   Yes, of course, but it is an allowable adjustment?  No, not in greater Atlanta.  By working with a real estate agent  they are able to often see the MLS photos of the home that had sold recently.    They will be able to study these unique differences in relation to your home to narrow down the best ‘sweet spot’ that your home should sell for within that range mentioned above.

Please trust our local First Multiple Listing Services (FMLS) and GA Multiple Listing Service (GAMLS) as well as I,  your real estate professional to provide you with accurate housing market info and trends.

LIVE Average Sales Price of Clayton County GA 

Search for your CLAYTON County Dream Home Below. (Filter set at $750,000 and below and shows “ACTIVE” properties.   Click ⬇️  to open and adjust filters to your price point.) 

LIVE Average Sales Price of Cobb County GA 

Search for your COBB County Dream Home Below.  (Filter set at $750,000 and below and shows “ACTIVE” properties.  Click ⬇️  to open and adjust filters to your price point.) 

LIVE Average Sales Price of Dekalb County GA 

Search for your DEKALB County Dream Home Below. (Filter set at $750,000 and below and shows “ACTIVE” properties. Click ⬇️  to open and adjust filters to your price point.) 

LIVE Average Sales Price of Fulton County GA 

Search for your FULTON County Dream Home Below. (Filter set at $750,000 and below and shows “ACTIVE” properties. Click ⬇️  to open and adjust filters to your price point.) 

 

If you want to know what the Atlanta housing market says about your homes value you can get an instant valuation with a monthly market update.   I live in our area and pull from the MLS so it may just be better than that Zestimate® !  I will be happy to follow up with you and hear about what makes your home so unique and all about it’s special qualities and then provide you with a personal, professional, tailor-made comparative market analysis (CMA).

Inventory in all of greater Atlanta is very low!   Contact me today and I’ll work hard to get you top dollar!

Lonnie Hand

eXp Realty LLC

Direct: 404-825-2656

Center Park Community of East Point GA

  With a mixture of Victorian bungalow, traditional and new construction homes; originally the southern most part of the Washington Park subdivision in 1904, today the Center Park neighborhood is a diverse community found between the areas of Washington Ave to...

Why You Should Love East Point GA: Tri-Cities

Why You Should Love East Point GA: Tri-Cities

Founded as a railroad terminus in  1870 by 16 families, East Point is the eastern point of the Atlanta and West Point Railroad and today boasts a population of 38,000+ residents. Stations along the route were located in Fairburn, Palmetto, Powells, Newnan, Grantville,...

Homes for Sale in Jefferson Park – East Point

Homes for Sale in Jefferson Park – East Point

Home For Sale in Jefferson Park - East Point GA Jefferson Park is a community of about 2,400 residents that are all apart of the city of East Point GA ( population 35,000).   The neighborhood has seen a population increase of 7.2% since 2010.  The median age of its...

History and Homes for Sale in Buckhead -Atlanta GA

History and Homes for Sale in Buckhead -Atlanta GA

A bit of history about Buckhead – Atlanta, GA

​Allegedly getting its name from one of it’s earliest founders, Henry Irby, purchased a lot of land in 1838 and created a tavern and grocery story near Paces Ferry and Peachtree Rd.  It is rumored that Mr. Irby had prominently put a bucks head on display and the locals came to know this famous “Irbyville” spot as ‘ Bucks Head’.   Henry Irby maintained his ownership till he passed in 1879.   In the 1890’s residents and visitors knew the area as “Atlanta Heights” and that name stuck with the area until the 1920’s. Much of the area after that time was sparsely populated with vacation and seasonal homes set on large plots quite a distance from the roads.

In 1952 Buckhead was annexed by the City of Atlanta and is home to some of the finest luxury homes in the Southeast as well as the GA Governors Mansion.  It has a solid reputation for some of the best shopping at Lenox Square,Phipps Plaza (both built circa 1959 and thereafter) and other well established centers.  In fact the areas around Lenox, Peachtree and Piedmont Roads boasts upwards of $3 billion dollars in consumer buying power each year.

Education

Primary and secondary schools

Public schools in Buckhead are administered by Atlanta Public Schools.

The following public elementary schools serve Buckhead:

The area is served by Sutton Middle School and North Atlanta High School.

Prominent Private Schools are

Are you or your family avid readers?   There are a number of chartered Little Free Libraries scattered throughout the Buckhead Area in which you can find by utilizing their search filters to search the Buckhead Zip codes of 30305, 30327, and portions of 30309.  Be sure to stop by any of these little libraries and donate your old books (they are often in need of children’s books) and take what you need for your own reading pleasure.

Things to do outside in Buckhead Atlanta. 

 

 

Check out Lonnie’s profile as an active member of The Institute for Luxury Home Marketing.  Looking for that perfect dream home? Contact Lonnie today!

Homes & Properties for Sale in Buckhead – Atlanta, GA

$3,695,000
Single Family Home For Sale
Active
6
BEDS
8
TOTAL BATHS
7,559
SQFT
609 Fairfield Road NW
Atlanta, GA 30327
Buckhead Subdivision
New Listing - a week online
$3,899,000
Single Family Home For Sale
New
4
BEDS
6
TOTAL BATHS
8,200
SQFT
740 Fairfield Rd NW
Atlanta, GA 30327
Buckhead Subdivision
Listing courtesy of Harry Norman Realtors
Price Change - 3 weeks ago
$1,790,000
Single Family Home For Sale
Under Contract
2
BEDS
2
TOTAL BATHS
770 Fairfield Rd NW
Atlanta, GA 30327
Buckhead Subdivision
Listing courtesy of Harry Norman Realtors
$850,000
Land For Sale
Active Under Contract
1.05
ACRES
FULTON
COUNTY
4045 Glen Devon Drive NW
Atlanta, GA 30327
Buckhead Subdivision
$3,890,000
Single Family Home For Sale
Active
5
BEDS
7
TOTAL BATHS
4075 Glen Devon Dr
Atlanta, GA 30327
Buckhead Subdivision
Listing courtesy of Harry Norman Realtors
$1,185,000
Single Family Home For Sale
Under Contract
4
BEDS
4
TOTAL BATHS
3,692
SQFT
4250 Northside Dr
Atlanta, GA 30327
Buckhead Subdivision
Listing courtesy of Harry Norman Realtors
$3,299,000
Single Family Home For Sale
Active Under Contract
6
BEDS
9
TOTAL BATHS
7,038
SQFT
933 Buckingham Circle NW
Atlanta, GA 30327
Buckhead Subdivision
New Listing - a week online
$899,000
Land For Sale
Active
3
BEDS
3
TOTAL BATHS
4227 Wickersham Drive
Atlanta, GA 30327
Buckhead Subdivision
$1,995,000
Single Family Home For Sale
Active
5
BEDS
6
TOTAL BATHS
6,063
SQFT
1050 W Conway Dr NW
Atlanta, GA 30327-3640
Buckhead Subdivision
Listing courtesy of Ansley Real Estate
Price Change - 2 weeks ago
$1,345,000
Single Family Home For Sale
Active
4
BEDS
3
TOTAL BATHS
4037 Conway Valley Road NW
Atlanta, GA 30327
Buckhead Subdivision
$1,499,500
Land For Sale
Active
1
ACRES
FULTON
COUNTY
655 W Paces Ferry Road NW
Atlanta, GA 30327
Buckhead Subdivision
$2,495,000
Single Family Home For Sale
Pending
5
BEDS
10
TOTAL BATHS
10,256
SQFT
3924 The Highlands NW
Atlanta, GA 30327
Buckhead Subdivision
New Listing - 2 weeks online
$1,395,000
Land For Sale
Active
4
BEDS
3
TOTAL BATHS
3651 Randall Mill Road
Atlanta, GA 30327
Buckhead Subdivision

Below is the Rolling Monthly Sales Average for Buckhead “Subdivision” in Atlanta.

Center Park Community of East Point GA

 

With a mixture of Victorian bungalow, traditional and new construction homes; originally the southern most part of the Washington Park subdivision in 1904, today the Center Park neighborhood is a diverse community found between the areas of Washington Ave to the North and Vesta Dr to the South and Main St to the East to Marion Park on the West.  This mixture of beautiful home styles truly is an example of affordability at its finest.

The Center Park community does not have a traditional home owners association (HOA) but rather an active community of neighbors with a volunteer association that creates and maintains active events throughout the year.

Centennial House Loft Condos – Atlanta Skyline Views – 7 Story High Rise

Centennial House Loft Condos – Atlanta Skyline Views – 7 Story High Rise

Centennial House Lofts

Centennial House is a high rise condo building located in downtown Atlanta GA.  Built in 2002, as with most Loft buildings; it showcases concrete floors and high 10 ft ceilings.   Other aspects of loft living are exposed ductwork and open concept floor designs.   Large windows typically allow for lots of natural light to shine through. Centennial House has a 24 Hour Concierge as one of its fantastic amenities. 

Features:

  • 101 units near Centennial Park and Georgia Aquarium
  • Brick and steel building
  • Controlled access parking, fitness and club room and 24 hour concierge service
  • Studios, one and two bedroom condos
  • 895 sq. ft. to over 1400 sq. ft. units
  • 10′ exposed ceilings
  • Stainless steel appliances
  • Fantastic views

Home Buyers: Check Out This Virtual Tour Intro of An Amazing Centennial House Loft For Sale

Loft/Condos Currently For Sale in Centennial House & zip code 30313:

Contact Lonnie Hand today for your private tour! 

30313
Zip Code
Price
Beds
Baths
Save Search
$175,000
1
BED
1
TOTAL BATH
828
SQFT
Centennial Station #102 - 102 Mangum Atlanta, GA 30313
Condo For Sale
- Active

Everything's waiting for you in this mid-size, gated and surprisingly quiet complex in the heart of Castleberry Hill. This condo is located in the middle of it all - close walking distance to Castleberry Hill restaurants such as No Mas, Smoke Ring, O

$365,000
2
BEDS
2
TOTAL BATHS
1,580
SQFT
250 Park Avenue West NW #303 Atlanta, GA 30313
Condo For Sale
- Active

Amazing, well maintained 2 bedroom, 2 bath condo in the high end, luxury building of Centennial Park West. Hardwood floors throughout this open concept home. Floor to ceiling windows in all rooms allowing for lots of natural light. Chef-style kitchen

Listing courtesy of Keller Williams Rlty First Atl
New Listing - 4 days online
$875,000
3
BEDS
3
TOTAL BATHS
2,447
SQFT
Centennial Park West #804 - 250 Park Avenue West NW Atlanta, GA 30313
Condo For Sale
- Active

Stunning high-floor condo with sweeping Downtown and Midtown views in prestigious Centennial Park West. This sprawling end unit 3 bedroom, 2.5 bathroom home has great views from every window with East and North facing exposures. The condo features ha

New Listing - 2 days online
$320,000
2
BEDS
2
TOTAL BATHS
1,358
SQFT
Centennial Park West #801 - 250 Park Avenue West NW Atlanta, GA 30313
Condo For Sale
- Active

LOCATION LOCATION! Spacious 2 bed 2 bath condo located in Downtown Atlanta across the street from Centennial Olympic Park. Intimate building with 9 floors. Unit includes two deeded parking spaces and a storage unit. Large covered large balcony comple

New Listing - 2 weeks online
$269,900
1
BED
1
TOTAL BATH
895
SQFT
Museum Tower #1607 - 285 Centennial Olympic Park Drive NW Atlanta, GA 30313
Condo For Sale
- Active

Location, location, location! Enjoy convenience, privacy, security and fantastic city views in this luxury downtown condo. Large master with walk-in closet + 2 additional closets. Double vanities with separate garden tub & shower. Open floorplan. Til

New Listing - 3 weeks online
$315,000
1
BED
1
TOTAL BATH
1,250
SQFT
Museum Tower #908 - 285 Centennial Olympic Pk Drive NW Atlanta, GA 30313
Condo For Sale
- Active

DOUBLE BONUS...One of the coveted 1 bedroom corner units is ready for a new owner-AND COMES WITH A STORAGE UNIT! Take in the views of Centennial Olympic Park from the balcony, or enjoy the view of Midtown, Downtown & the plaza park from the floor to

New Listing - 6 days online