8164 Hwy 261, Buchanan Dam TX 78609

Buchanan Dam, TX 78609 | None

Ed's Opinion of Value

$175,887 Ed's Estimate: $487,270 $716,485
Lowest Comp Recommended List: $478,000 to $497,000 Highest Comp

Listing History

$695,000 List Price
$478,615 Comp Value
1 Price Reductions

This property was listed at $695,000 and expired after 608 days on market. The price was reduced from $785,000 to $695,000. This listing activity factors into the valuation.

The estimated value of this property is $487,270, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $478,000 and $497,000. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in 78609. At 479 sqft larger than the typical comp, the size difference factors into the valuation. Built in 1950, this home is 40 years older than the average comp, which is reflected in the adjustments. Based on 7 relevant data points in 78609, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX
3 Beds
1 Baths 1 Full
2,068 Sq Ft
3.57 Acres
1950 Built

About This Property

3.6 acres of unrestricted waterfront land for sale on Lake Buchanan with over 200’ of frontage along Hwy 261. Two mature oak trees frame the entrance to the property and lead to the 1,568 square foot, 3 bedroom / 1 bath rock house, plus a 480 square foot, 1 bedroom loft-style guesthouse. Many unique granite outcroppings and boulders are scattered throughout the live oaks, post oaks, mesquites, and even a few pine trees which all add to the appeal of the property. With the lot being over 750’ deep, there is plenty of room to spread out or build a new home or business. Take advantage of the property’s boat launch and pier to easily explore Lake Buchanan by water. A privacy fence runs the length of the property on the south side. 100% of the property is located in an Opportunity Zone. Seller financing available.

Property Highlights

Waterfront Lake Buchanan · Lake Front

Features

  • Ceiling Fan(s)
  • Laminate Counters
  • Open Floorplan
  • Primary Bedroom on Main
  • Washer Hookup

Location

Schools

School District BurnetCONSISD
Elementary Burnet
Middle School Burnet (Burnet ISD)
High School Burnet

Property Details

Property Type Residential
Flooring Tile, Wood
Cooling Ceiling Fan(s), Central Air
Heating Central, Fireplace(s)
Exterior Boat Dock - Shared
County Llano
MLS # 8987664

Listing History

MLS# 8987664 608 days
May 30, 2023 Off Market
Dec 30, 2022 Price Change $695,000
Sep 29, 2021 Listed $1,000,000

Frequently Asked Questions About 8164 Hwy 261, Buchanan Dam TX 78609

When was 8164 Hwy 261, Buchanan Dam TX 78609 built?

8164 Hwy 261, Buchanan Dam TX 78609 was built in 1950.

How much does 8164 Hwy 261, Buchanan Dam TX 78609 cost?

8164 Hwy 261, Buchanan Dam TX 78609 is currently off market.

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