1005 S Pierce ST, Burnet TX 78611

The estimated value of this property is $215,028, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $262,000 and $282,000. Against 3 similar active listings in 78611, this price point lands at the most affordable of 3 comparable homes on the market. At 474 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1925, this home is 73 years older than the average comp, which is reflected in the adjustments. Current inventory shows 3 comparable homes in 78611; a buyer's market based on recent absorption. Recent trends in 78611 show home values have fallen 1.2% since 6 months ago. The most comparable recent sale is 504 S Boundary ST, Burnet TX 78611, with an adjusted value of $139,863; a strong comparable. Based on 7 relevant data points in 78611, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX