1505 Sherrard ST, Burnet TX 78611

The market data from 7 similar recent sales in OAKS points to a value of approximately $177,861. To sell within a reasonable timeframe at fair market value, the $231,000 to $232,000 range is where I'd position this. Against 2 similar active listings in OAKS, this price point lands at the most expensive of 2 comparable homes on the market. The 144 sqft size difference versus comparable sales is reflected in the adjusted values. The 1940 construction puts this home 16 years older than the comp average, a factor in the pricing. The active market in OAKS includes 2 comparable homes priced from $159,900 to $267,500. In 78611, home values have risen approximately 3.2% over the past 6 months. One of the strongest data points is 308 6th ST, Burnet TX 78611, adjusting to $231,092; with a larger floor plan. 7 comparable transactions in OAKS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group