207 N Stapp ST, Burnet TX 78611

The market data from 7 similar recent sales in SHADY GROVE points to a value of approximately $178,876. To sell within a reasonable timeframe at fair market value, the $148,000 to $158,000 range is where I'd position this. With 1 comparable homes on the market in SHADY GROVE, this price positions the property as below the only comparable home currently on the market. At 267 sqft smaller than the typical comp, the size difference factors into the valuation. At 0.20 acres, the lot is smaller than the 0.28 acre comp average, which factors into pricing. Current inventory shows 1 comparable homes in SHADY GROVE; a buyer's market based on recent absorption. In 78611, home values have fallen approximately 27.4% over the past 6 months. One of the strongest data points is 405 E Brier LN, Burnet TX 78611, adjusting to $160,622; a strong comparable. 7 comparable transactions in SHADY GROVE 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