504 Wood ST, Burnet TX 78611

Reviewing the most recent comparable transactions, this home's market value falls around $224,844. For a well positioned listing in LAMON, I'd target the $142,000 to $152,000 range. In the current LAMON market with 5 similar homes available, this price represents the 3rd most expensive of 5 comparable homes on the market. The 1955 construction puts this home 20 years older than the comp average, a factor in the pricing. Current inventory shows 5 comparable homes in LAMON; a buyer's market based on recent absorption. Recent trends in 78611 show home values have risen 0.9% since 6 months ago. The most comparable recent sale is 711 E Johnson ST, Burnet TX 78611, with an adjusted value of $279,687; with a smaller floor plan. 7 comparable transactions in LAMON support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group