1212 Oak ST, Burnet TX 78611

After reviewing 7 recent transactions in OAKS, I estimate this property's value at $276,407. A competitive list price for this home right now would fall in the $284,000 to $287,000 range. This pricing would rank the home as the 4th most expensive of 7 comparable homes on the market in OAKS's current inventory. At 48 years older than typical comps, the 1960 build date influences the valuation. The larger lot (0.96 acres versus the area average of 0.23) contributes to the valuation. With 7 similar homes currently listed in OAKS (a buyer's market), competition is a factor to consider. Prices in 78611 have risen 1.2% over the last 6 months. A similar home at 308 6th ST, Burnet TX 78611 carries an adjusted comparable value of $318,372, providing a strong data point. With 7 comparable sales in OAKS, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group