1401 N Water ST, Burnet TX 78611

My analysis of 3 comparable properties puts this home's estimated value at $182,462. Based on how the local market is moving, a list price between $177,000 and $188,000 would position this home well. This would position the home competitively among 2 active listings in OAKS. At 5 years older than typical comps, the 1950 build date influences the valuation. The larger lot (0.29 acres versus the area average of 0.23) contributes to the valuation. Current inventory shows 2 comparable homes in OAKS; a buyer's market based on recent absorption. The 6 month price trend in 78611: fallen 27.7%. The best comp here is 1504 N Water ST, Burnet TX 78611 at an adjusted value of $128,455, with a smaller floor plan. With 3 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