1304 Lakeway, Burnet TX 78611

The market data from 7 similar recent sales in COUNCIL CREEK points to a value of approximately $217,900. To sell within a reasonable timeframe at fair market value, the $253,000 to $258,000 range is where I'd position this. With 3 comparable homes on the market in COUNCIL CREEK, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. Being 541 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1963 construction puts this home 18 years older than the comp average, a factor in the pricing. The active market in COUNCIL CREEK includes 3 comparable homes priced from $199,000 to $299,000. In 78611, home values have risen approximately 3.7% over the past 6 months. One of the strongest data points is 509 County Road 130, Burnet TX 78611, adjusting to $175,119; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group