Home property value survey

calmom
Sun, 29 Jun 2008 22:06:32 +0000

SF Bay area. According to Zillow my home has declined in value by $13.5K in the past 30 days, by $22K over the past year. (So its been a bad month, ha, ha). But I have been in the home 20 years and even with the down market it is now worth about $400K more than what I paid for it. So as a long term investment that also provides a roof over my head, I’m not complaining.

There is a house across the street from me that has been remodeled and the interior is absolutely gorgeous – it has been on the market for ages – the asking price is more than $200K above the Zillow estimated value. Unfortunately the owner purchased it fairly recently and put a lot of money into the remodel – and there is no way they will ever get what they are asking. It’s still as small house in a kind of run down working class neighborhood – quiet & very safe, but not the type of place where you want to pay a premium just to have the prettiest house on the block. Plus we are in the burbs with lousy public transportation so the gas prices (probably around $4.70 gallon for regular right now) don’t help.