717 N Pierce ST, Burnet TX 78611

The market data from 7 similar recent sales in PHAIR points to a value of approximately $173,533. To sell within a reasonable timeframe at fair market value, the $293,000 to $295,000 range is where I'd position this. With 7 comparable homes on the market in PHAIR, this price positions the property as the most affordable of 7 comparable homes on the market. The 1950 construction puts this home 26 years older than the comp average, a factor in the pricing. At 0.19 acres, the lot is smaller than the 0.30 acre comp average, which factors into pricing. Buyers in PHAIR have 7 comparable options right now, with asking prices between $291,999 and $325,000. In 78611, home values have risen approximately 3.4% over the past 6 months. One of the strongest data points is 804 N Main ST, Burnet TX 78611, adjusting to $134,882; with a smaller floor plan. 7 comparable transactions in PHAIR 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