314 S Chaparral, Burnet TX 78611

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $414,625. I'd recommend coming to market at $517,000 to $545,000 to strike the right balance between value and market velocity. With 3 comparable homes on the market in CASSIE, this price positions the property as the most affordable of 3 comparable homes on the market. Being 658 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1.55 acre lot (larger than the 0.56 acre average) is reflected in the estimate. Right now, 3 similar properties are competing for buyers in CASSIE, listed between $505,000 and $895,000. The trend in 78611 shows prices have fallen 27.4% in the past 6 months. 201 Bronco DR, Burnet TX 78611 nearby adjusts to $295,020; with a smaller floor plan. Based on 7 relevant data points in CASSIE, 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