501 Lakewood DR, Burnet TX 78611

The estimated value of this property is $279,573, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $271,000 and $288,000. Against 1 similar active listings in SOUTH SILVER CREEK, this price point lands at below the only comparable home currently on the market. Being 155 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1970, this home is 11 years older than the average comp, which is reflected in the adjustments. The active market in SOUTH SILVER CREEK includes 1 comparable homes priced from $420,000 to $420,000. Recent trends in 78611 show home values have fallen 27.6% since 6 months ago. The most comparable recent sale is 409 Bizzy LN, Burnet TX 78611, with an adjusted value of $271,200; with a smaller floor plan. 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