501 E Lamon ST, Burnet TX 78611

The market data from 7 similar recent sales in 78611 points to a value of approximately $231,445. To sell within a reasonable timeframe at fair market value, the $225,000 to $238,000 range is where I'd position this. In the current 78611 market with 2 similar homes available, this price represents the most affordable of 2 comparable homes on the market. The 437 sqft size difference versus comparable sales is reflected in the adjusted values. The 1956 construction puts this home 20 years older than the comp average, a factor in the pricing. 2 similar homes are currently available in 78611, creating a buyer's market for this price range. In 78611, home values have fallen approximately 27.4% over the past 6 months. One of the strongest data points is 711 E Johnson ST, Burnet TX 78611, adjusting to $273,992; a strong comparable. 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