406 E Graves ST, Burnet TX 78611

Off Market

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Ed's Opinion of Value

$223,211 Ed's Estimate: $279,892 $350,290

Lowest Comp Recommended List: $274,000 to $285,000 Highest Comp

Reviewing the most recent comparable transactions, this home's market value falls around $279,892. For a well positioned listing in 78611, I'd target the $274,000 to $285,000 range. In the current 78611 market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. The 1940 construction puts this home 57 years older than the comp average, a factor in the pricing. At 0.77 acres, the lot is larger than the 0.32 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in 78611, listed between $269,000 and $331,990. Recent trends in 78611 show home values have fallen 5% since 6 months ago. The most comparable recent sale is 329 Wheel Horse RD, Burnet TX 78611, with an adjusted value of $297,629; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group

78611 Market Trends

$330,000 Median Sold Price ▼ 5% 6mo

$203/sqft Median $/SqFt ▲ 1% 6mo

105 days Avg Days on Market 10 days slower

169 homes Active Inventory 9.3 mo supply

95.8% Sale-to-List Ratio

109 Sales (6 months)

$199,182 Tax Assessed (2025)

Recently Sold Comparables

$297,629 adjusted 329 Wheel Horse RD, Burnet TX 78611 4bd / 2.0ba • 1,688 sqft • 1.6 mi Sold 24 days ago

$223,211 adjusted 703 N Pierce ST, Burnet TX 78611 4bd / 3.0ba • 1,725 sqft • 0.3 mi Sold 5 months ago

$276,944 adjusted 124 Hayburner RD, Burnet TX 78611 4bd / 3.0ba • 1,688 sqft • 1.6 mi Sold 17 days ago

$289,754 adjusted 304 Gristmill RD, Burnet TX 78611 4bd / 3.0ba • 1,688 sqft • 1.5 mi Sold 6 months ago

$350,290 adjusted 407 E Kerr ST, Burnet TX 78611 4bd / 3.0ba • 1,842 sqft • 0.4 mi Sold 1 months ago

Currently on Market

$269,000 1208 Oak St, Burnet TX 78611 5bd / 2.0ba • 1,622 sqft • 0.6 mi 48 days on market

$309,500 100 Linsey CV, Burnet TX 78611 3bd / 2.0ba • 1,661 sqft • 0.9 mi 166 days on market

$326,990 308 Wheel Horse RD, Burnet TX 78611 4bd / 2.0ba • 1,688 sqft • 1.6 mi 45 days on market

4 Beds

2 Baths 2 Full

1,703 Sq Ft

0.774 Acres

1940 Built

About This Property

ust listed! This spacious 4-bedroom, 2-bath home offers 1,703 square feet of charm and potential on a generous 0.77-acre lot in the heart of Burnet. Ideally located near all local schools, it’s perfect for a growing family or a savvy investor looking for value and space. Recent updates include new kitchen flooring and other upgrades include quartz counters and a metal roof. Original hardwood floors in several rooms are ready for refinishing, offering a unique opportunity to restore their classic beauty and add instant character. The home also features a working well on the property—great for gardening or outdoor projects and is framed by beautiful pecan trees. A wide gate to the back allows access for RVs, trailers and more.
With ample yard space for play, expansion, or future additions, this property combines the comfort of a lived-in home with the flexibility to make it your own. Don’t miss your chance to own one of Burnet’s most promising properties at an affordable price.

Property Highlights

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Features

Quartz Counters
Electric Dryer Hookup
Primary Bedroom on Main
Washer Hookup

Location

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Schools

School District BurnetCONSISD

Elementary RJ Richey

Middle School Burnet (Burnet ISD)

High School Burnet

Property Details

Property Type Residential

Construction Brick, HardiPlank Type

Roof Metal

Foundation Pillar/Post/Pier

Levels One

Flooring Laminate, Wood

Cooling Central Air

Heating Central

Exterior Private Yard

County Burnet

MLS # 7090821

Parking 4 spaces: Carport, Driveway

Security Smoke Detector(s)

Lot, Outdoor & Utilities

Lot Features Back Yard, Trees-Large (Over 40 Ft)

Fencing Wood

Water Public

Sewer Public Sewer

Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

HOA & Community

HOA Fee $100 /Annually

HOA Name Pine Forest HOA

Community Features None

Tax Information

Annual Taxes (MLS) $3,674 (2025)

Assessed Value $199,182

Exemptions None

Listing History

MLS# 7090821 86 days

Jan 8, 2026	Off Market
Oct 15, 2025	Price Change	$239,500
Sep 8, 2025	Listed	$250,000

Frequently Asked Questions About 406 E Graves ST, Burnet TX 78611

When was 406 E Graves ST, Burnet TX 78611 built?

406 E Graves ST, Burnet TX 78611 was built in 1940. It is brick, hardiplank type construction with 1,703 square feet on a 0.774 acre lot.

How much does 406 E Graves ST, Burnet TX 78611 cost?

406 E Graves ST, Burnet TX 78611 sold on January 8, 2026. Contact us for sale price details.

Similar Properties

$225,000 1002 S Pierce ST, Burnet TX 78611 4 bd | 2 ba

$224,000 713 Blackburn LN, Burnet TX 78611 3 bd | 2 ba

$239,000 900 N Main ST, Burnet TX 78611 3 bd | 2 ba

$242,000 1107 Seneca DR, Burnet TX 78611 3 bd | 2 ba

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