515 Lamon ST, Burnet TX 78611

Reviewing the most recent comparable transactions, this home's market value falls around $197,715. For a well positioned listing in 78611, I'd target the $316,000 to $352,000 range. Against 7 similar active listings in 78611, this price point lands at the most affordable of 7 comparable homes on the market. This home's larger footprint (274 sqft vs the comp average) plays a role in how the market prices it. Current inventory shows 7 comparable homes in 78611; a buyer's market based on recent absorption. Recent trends in 78611 show home values have fallen 27.7% since 6 months ago. The most comparable recent sale is 506 N Main, Burnet TX 78611, with an adjusted value of $261,932; a strong comparable. The 4 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