401 N Vanderveer ST, Burnet TX 78611

The market data from 7 similar recent sales in PETER KERR POR points to a value of approximately $352,215. To sell within a reasonable timeframe at fair market value, the $419,000 to $456,000 range is where I'd position this. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in PETER KERR POR. The 1956 construction puts this home 58 years older than the comp average, a factor in the pricing. At 0.23 acres, the lot is smaller than the 0.32 acre comp average, which factors into pricing. With 7 similar homes currently listed in PETER KERR POR (a buyer's market), competition is a factor to consider. In 78611, home values have fallen approximately 9.7% over the past 6 months. One of the strongest data points is 116 Travis TRL, Burnet TX 78611, adjusting to $455,716; with a smaller floor plan. 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