206 Lakewood DR, Burnet TX 78611

Reviewing the most recent comparable transactions, this home's market value falls around $228,614. For a well positioned listing in SOUTH SILVER CREEK, I'd target the $222,000 to $235,000 range. With 1 comparable homes on the market in SOUTH SILVER CREEK, this price positions the property as below the only comparable home currently on the market. The smaller floor plan (557 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1958 construction puts this home 14 years older than the comp average, a factor in the pricing. The active market in SOUTH SILVER CREEK includes 1 comparable homes priced from $290,000 to $290,000. Recent trends in 78611 show home values have fallen 26.5% since 6 months ago. The most comparable recent sale is 309 S Oak LN, Burnet TX 78611, with an adjusted value of $161,502; 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