1602 NW County Road 135, Burnet TX 78611

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,675,433. I'd recommend coming to market at $1,020,000 to $1,030,000 to strike the right balance between value and market velocity. With 1 comparable homes on the market in SHANGRI LA, this price positions the property as below the only comparable home currently on the market. This home's larger footprint (156 sqft vs the comp average) plays a role in how the market prices it. Built in 2002, this home is 20 years newer than the average comp, which is reflected in the adjustments. With 1 similar homes currently listed in SHANGRI LA (a buyer's market), competition is a factor to consider. The trend in 78611 shows prices have fallen 27.4% in the past 6 months. 1002 S Rockwood DR, Buchanan Dam TX 78609 nearby adjusts to $1,392,722; with a smaller floor plan. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group