402 Laurel LN, Burnet TX 78611

After reviewing 7 recent transactions in COUNCIL CREEK, I estimate this property's value at $286,170. A competitive list price for this home right now would fall in the $319,000 to $338,000 range. This home's position in the current COUNCIL CREEK market: the 2nd most expensive of 3 comparable homes on the market among comparable properties. At 15 years older than typical comps, the 1962 build date influences the valuation. The larger lot (1.19 acres versus the area average of 0.42) contributes to the valuation. There are currently 3 similar homes on the market in COUNCIL CREEK, ranging from $300,000 to $420,000. Prices in COUNCIL CREEK have fallen 10.8% over the last 6 months. A similar home at 1213 County Road 130, Burnet TX 78611 carries an adjusted comparable value of $344,229, providing a strong data point. With 7 comparable sales in COUNCIL CREEK, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group