With a few extra minutes on my hand this rainy Friday afternoon, I was curious about the relationship between the appraised value, assessed value and the Zillow value.
So, I pulled a few loan files I was working on today and here's what I found:
Location Bed/Bath Size Transaction Type Appraised Assessed Zillow
1. DuPont, WA 3/2.50 1,948 sq ft Refi 288,500 267,500 312,500
2. Puyallup, WA 4/3.25 4,193 sq ft Refi 470,000 455,100 552,000
3. Tacoma, WA 2/1 1,016 sq ft Purchase 135,000 161,800 175,000
4. Poulsbo, WA 4/2.50 2,712 sq ft Refi 345,000 356,620 364,500
5. Puyallup, WA 4/2.50 2981 sq ft Purchase 300,000 308,900 324,500
**2 Appraised Values higher than assessed value, but lower than zillow
**3 Assessed Values higher than appraised value, but lower than zillow
Have a great weekend!

Kevin Tinsley
All Tech Mortgage.com
Tacoma's #1 Mortgage Expert - Since 1996
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Lakewood, WA 98499
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Very interesting analysis you did on the Zestimates - - they tend to run high - - don't understand how that would be a very useful tool for anyone. There have been many complaints about Zillow and these estimates are usually mentioned at the top of the list.