Property Q&A in Darien>Question Details

Bonnie Dudley, Home Buyer in Darien, CT

This sales price is completely wrong. How do I change it?

Asked by Bonnie Dudley, Darien, CT Thu Jul 28, 2011

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This question is about this property: http://=www.trulia.com/homes/Connecticut/Darien/sold/21171384-16-DU… target="_blank" rel="nofollow">http://www.trulia.com/homes/Connecticut/Darien/sold/21171384…

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Answers

1
Hi Bonnie,

The prices you see on Trulia (and other websites, such as Zillow) are controlled by the internet company., often derived from a formula for a large surrounding area. Their formulas unfortunately severely understate Darien home values.

Similarly, the tax assessment they show comes from public records and should be correct. BUT - Trulia doesn't tell people that the tax assessment amounts are 70% of the Town's appraised value. So in the case of 16 Dubois, the 100% Town appraisal is actually $803,900, not the $562,730 as stated without any qualification. Even worse, the Trulia "estimate" of the property's value is only $232,014, largely driven by homes in Stamford and Norwalk.

As you can imagine, the gross inaccuracies of these internet real estate "estimated values" are a great source of frustration to home sellers and real estate agents. Hope that eases your mind a bit.

Best regards,

Pam

PAM ROBERTS
WILLIAM PITT SOTHEBY'S INTERNATIONAL REALTY
1057 POST RD. DARIEN, CT 06820
E-mail: pambrob@optonline.net
Cell: 203.249.7646
Fax: 203.655.4046
Servicing buyers, sellers, renters, andlandlords in Fairfield County, CT
0 votes Thank Flag Link Sun Mar 4, 2012
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