1507 Sherrard ST, Burnet TX 78611

The market data from 7 similar recent sales in OAKS points to a value of approximately $173,309. To sell within a reasonable timeframe at fair market value, the $254,000 to $255,000 range is where I'd position this. With 6 comparable homes on the market in OAKS, this price positions the property as the most affordable of 6 comparable homes on the market. The 1970 construction puts this home 5 years newer than the comp average, a factor in the pricing. At 0.26 acres, the lot is smaller than the 0.36 acre comp average, which factors into pricing. Buyers in OAKS have 6 comparable options right now, with asking prices between $244,999 and $398,000. In 78611, home values have risen approximately 0.6% over the past 6 months. One of the strongest data points is 308 6th ST, Burnet TX 78611, adjusting to $270,423; 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