317 Lakewood DR, Burnet TX 78611

Reviewing the most recent comparable transactions, this home's market value falls around $256,278. For a well positioned listing in SOUTH SILVER CREEK, I'd target the $176,000 to $186,000 range. In the current SOUTH SILVER CREEK market with 2 similar homes available, this price represents the most expensive of 2 comparable homes on the market. At 243 sqft smaller than the typical comp, the size difference factors into the valuation. The 1965 construction puts this home 7 years older than the comp average, a factor in the pricing. 2 similar homes are currently available in SOUTH SILVER CREEK, creating a buyer's market for this price range. Recent trends in 78611 show home values have fallen 26.8% since 6 months ago. The most comparable recent sale is 409 Bizzy LN, Burnet TX 78611, with an adjusted value of $256,718; 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