1725 County Road 200B, Burnet TX 78611

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $400,600. I'd recommend coming to market at $313,000 to $323,000 to strike the right balance between value and market velocity. Against 6 similar active listings in 78611, this price point lands at the 3rd least expensive of 6 comparable homes on the market. The larger floor plan (175 sqft compared to the average comp) is a meaningful differentiator in this price range. The 10.00 acre lot (larger than the 0.48 acre average) is reflected in the estimate. With 6 similar homes currently listed in 78611 (a buyer's market), competition is a factor to consider. The trend in 78611 shows prices have fallen 27.6% in the past 6 months. 1505 E Johnson ST, Burnet TX 78611 nearby adjusts to $414,689; with a smaller floor plan. With 7 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