404 5th ST, Burnet TX 78611

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $331,321. I'd recommend coming to market at $248,000 to $258,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in OAKS WEST. The 0.24 acre lot (smaller than the 0.57 acre average) is reflected in the estimate. With 7 similar homes currently listed in OAKS WEST (a buyer's market), competition is a factor to consider. The trend in 78611 shows prices have risen 2.5% in the past 6 months. 1505 E Johnson ST, Burnet TX 78611 nearby adjusts to $329,386; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group