1504 N Water ST, Burnet TX 78611

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $172,288. I'd recommend coming to market at $209,000 to $211,000 to strike the right balance between value and market velocity. In the current OAKS market with 0 similar homes available, this price represents no active comparable homes on the market. This home's smaller footprint (550 sqft vs the comp average) plays a role in how the market prices it. Built in 1951, this home is 5 years older than the average comp, which is reflected in the adjustments. The trend in 78611 shows prices have fallen 26.8% in the past 6 months. 716 N Pierce ST, Burnet TX 78611 nearby adjusts to $208,772; a strong comparable. Based on 7 relevant data points in OAKS, 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