Quote:
Originally Posted by mrnyc
fwiw we closed on our place in staten in feb and zillow and others ballpark estimate it to be up $40k since then.
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That's cool, but remember to take all Zillow zestimates with a grain of salt.
Zillow currently claims our home's value is $235K above what we bought it for 5 years ago, which would be freaking amazing if it were true, but it's unfortunately straight-up loony toons.
I follow the local Lincoln Square market pretty closely as a hobby. I'm friends with a couple of real estate agents who work in my area. I have a pretty good handle on what 3 bed/3 bath duplex-down condos in Lincoln Square are going for right now, and while our home's value has certainly gone up over the course of the pandemic bubble, there's just no way that it's gone up anywhere close to that much. Not in a market like Chicago anyway. Zillow's zestimate is over-stating the value increase by roughly $125K.