Estimating a listed property value using online resources

[Alex R.]

As you can see for this single family house, there are 3 price estimates which are quite different from each other:

http://www.ziprealty.com/property/2714-REX-AVE-BAKERSFIELD-CA-93304/4754697/detail

Zillow estimates it at 96k, homegain at 104 and eppraisal at 71k
First and foremost I want to know which one is a more reliable estimate.
Second, what would be the ARV compared to this price ? is there any ratio or formula relating the ARV and purchase price ?

[Joshua Dorkin]

Alex - I'll answer your first question . . . don't rely on any of them. You need to run your own comps to get an accurate number -- counting on any one AVM to give you accurate numbers is just a bad idea, and your numbers above show us why.