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Updated almost 12 years ago,

Alex R.'s profile image
Alex R.'s profile image
Alex R.
  • from Bakersfield, California
  • Member since Jan 12, 2013
Connect

User Stats

128
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7
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Alex R.'s profile image
Alex R.'s profile image
Alex R.
  • from Bakersfield, California
  • Member since Jan 12, 2013
Connect
Alex R.
  • Bakersfield, CA
7
Votes |
128
Posts
Rehabbing & House Flipping

Estimating a listed property value using online resources

Alex R.
  • Bakersfield, CA
Posted

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 ?

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