901 E Tate ST, Burnet TX 78611

The market data from 7 similar recent sales in HIGHLAND ACRES points to a value of approximately $306,381. To sell within a reasonable timeframe at fair market value, the $347,000 to $349,000 range is where I'd position this. With 7 comparable homes on the market in HIGHLAND ACRES, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The larger floor plan (234 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1969 construction puts this home 31 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in HIGHLAND ACRES; a buyer's market based on recent absorption. In 78611, home values have risen approximately 2.9% over the past 6 months. One of the strongest data points is 700 Lewis DR, Burnet TX 78611, adjusting to $246,605; with a smaller floor plan. 7 comparable transactions in HIGHLAND ACRES 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