117 Ellis CT, Burnet TX 78611

The estimated value of this property is $293,922, based on 6 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $242,000 and $252,000. In the current 78611 market with 4 similar homes available, this price represents the most expensive of 4 comparable homes on the market. Being 115 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 0.26 acre lot (larger than the 0.19 acre average) is reflected in the estimate. Current inventory shows 4 comparable homes in 78611; a buyer's market based on recent absorption. Recent trends in 78611 show home values have fallen 27.4% since 6 months ago. The most comparable recent sale is 117 Ellis CT, Burnet TX 78611, with an adjusted value of $255,448; a strong comparable. Based on 6 relevant data points in 78611, 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