Wednesday, February 5, 2014
Zillow estimates Texas’ largest home, on sale for $35 million, valued at … $513,000?
But see, home values are increasing. We'll be from $500K to $35 mil in no time.
“A Zestimate® home valuation is Zillow’s estimated market value. It is not an appraisal. Use it as a starting point to determine a home’s value.”
Well, OK then. Glad to know it. Because when it comes to 1851 Turbeville Road, the good folks at Zillow have a very unique price for the property: $512,839. This for a 48,000 square foot home on 38 acres. Their estimated mortgage payment is $135,198 per month … so they have the “zestimate” at about five times the monthly payment. Wow.
Texas' biggest and best masterpiece, the Champ dOr, has everything even the pickiest buyer has been looking for! It has approximately 40,000 square feet of luxury living, on almost 40 acres, all while only being minutes away from the big city. Some of the features include six stately bedrooms, six luxurious bathrooms, eight half bathrooms, exercise room, bowling alley, racquetball court, indoor AND outdoor pools, outdoor veranda, steam sauna room, grand ballroom and media room. Brokered and advertised by Rogers Healy and Associates Listing Agent.
A very picky buyer might look at this Zestimate versus the asking price of the home and end up with a major scrambled brain. Where does Zillow get these numbers?
But see there, Zillow expects home values in Hickory Creek to increase next year. We’ll reach $35 million in no time!
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