1206 Apache DR, Burnet TX 78611

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $534,942. I'd recommend coming to market at $257,000 to $267,000 to strike the right balance between value and market velocity. With 2 comparable homes on the market in 78611, this price positions the property as the most expensive of 2 comparable homes on the market. Being 242 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1970, this home is 15 years older than the average comp, which is reflected in the adjustments. There are currently 2 similar homes on the market in 78611, ranging from $275,000 to $1,500,000. The trend in 78611 shows prices have fallen 27.4% in the past 6 months. 378 Long Mountain DR, Burnet TX 78611 nearby adjusts to $953,448; a strong comparable. Based on 4 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