12521 Ranch Road 2341, Burnet TX 78611

Based on 7 closed sales in 78611, the data points to a value around $502,623 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $739,000 to $828,000. This pricing would rank the home as the most affordable of 2 comparable homes on the market in 78611's current inventory. At 779 sqft larger than the typical comp, the size difference factors into the valuation. Being built in 2004 (13 years newer than comps) is factored into the value estimate. Right now, 2 similar properties are competing for buyers in 78611, listed between $1,185,000 and $2,375,000. Market data shows 78611 prices fallen 26.4% over the last half year. The closest comparable sale, 6702 Fm 690, Burnet TX 78611 at an adjusted $506,220, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in 78611. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group