I just read an article about an experience a gentleman had problems with a damage claim for his car. The insurance value assigned implied it was just a ten year old car.
But it was also a special edition limited production to commemorate a special point in the life of the model.
His problem was the "value" assigned was based on the car make model and year but not the special attributes.
My guess is it was based on a number from a table on someone's computer - and that is the real problem.
I have observed similar glitches in real estate valuations by buyers and sellers.
The only way to determine a realistic value for a home is to have all the information and a valid data source.
In real estate that is a local, knowledgeable real estate agent using local, current information and not some big name dot com (or Uncle Joe or Aunt Sue)!
Whether buyer or seller, consider your information source.
Buying or selling a home or condo in Brevard County, Florida? Call me at 321-693-3850 for local, knowledgeable information.