1600 Oak ST, Burnet TX 78611

The market data from 7 similar recent sales in OAKS WEST points to a value of approximately $336,717. To sell within a reasonable timeframe at fair market value, the $373,000 to $389,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 7 comparable homes on the market comparable homes currently on the market in OAKS WEST. The 1979 construction puts this home 25 years older than the comp average, a factor in the pricing. At 0.26 acres, the lot is smaller than the 1.08 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in OAKS WEST; a buyer's market based on recent absorption. In 78611, home values have risen approximately 2.5% over the past 6 months. One of the strongest data points is 1317 Spicewood DR, Burnet TX 78611, adjusting to $317,857; 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