323 Lakewood DR, Burnet TX 78611

Based on 7 closed sales in SOUTH SILVER CREEK, the data points to a value around $281,712 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $273,000 to $290,000. This would position the home competitively among 1 active listings in SOUTH SILVER CREEK. Being 107 sqft smaller than the average comparable sale in this area impacts the per square foot value. Being built in 1965 (8 years older than comps) is factored into the value estimate. Current inventory shows 1 comparable homes in SOUTH SILVER CREEK; a buyer's market based on recent absorption. Market data shows 78611 prices fallen 27.7% over the last half year. The closest comparable sale, 409 Bizzy LN, Burnet TX 78611 at an adjusted $249,160, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in SOUTH SILVER CREEK. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group