1607 Sherrard ST, Burnet TX 78611

After reviewing 7 recent transactions in OAKS, I estimate this property's value at $195,430. A competitive list price for this home right now would fall in the $260,000 to $276,000 range. Relative to what's currently available in OAKS, this home would be the most affordable of 7 comparable homes on the market. At 6 years newer than typical comps, the 1957 build date influences the valuation. The smaller lot (0.26 acres versus the area average of 0.34) contributes to the valuation. Current inventory shows 7 comparable homes in OAKS; a buyer's market based on recent absorption. Prices in OAKS have risen 88% over the last 6 months. A similar home at 1502 Sherrard ST, Burnet TX 78611 carries an adjusted comparable value of $176,881, providing a strong data point. The comp data here (7 sales in OAKS) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus