505 Lakewood DR, Burnet TX 78611

The estimated value of this property is $396,267, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $450,000 and $523,000. At this price, the property would be the 2nd most expensive of 3 comparable homes on the market comparable homes currently on the market in SOUTH SILVER CREEK. At 263 sqft larger than the typical comp, the size difference factors into the valuation. The 0.18 acre lot (smaller than the 0.29 acre average) is reflected in the estimate. With 3 similar homes currently listed in SOUTH SILVER CREEK (a buyer's market), competition is a factor to consider. Recent trends in 78611 show home values have fallen 27.7% since 6 months ago. The most comparable recent sale is 601 Lakeshore LOOP, Tow TX 78672, with an adjusted value of $351,360; 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