406 E Graves ST, Burnet TX 78611

Off Market

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Ed's Opinion of Value

$153,926 Ed's Estimate: $268,999 $319,000

Lowest Comp Recommended List: $301,000 to $304,000 Highest Comp

Reviewing the most recent comparable transactions, this home's market value falls around $268,999. For a well positioned listing in 78611, I'd target the $301,000 to $304,000 range. In the current 78611 market with 7 similar homes available, this price represents the most affordable of 7 comparable homes on the market. Being 158 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1940 construction puts this home 53 years older than the comp average, a factor in the pricing. Right now, 7 similar properties are competing for buyers in 78611, listed between $275,000 and $379,000. Recent trends in 78611 show home values have risen 3% since 6 months ago. The most comparable recent sale is 703 N Pierce ST, Burnet TX 78611, with an adjusted value of $223,200; 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

$343,000 Median Sold Price ▲ 3% 6mo

$202/sqft Median $/SqFt ▼ 1.5% 6mo

104 days Avg Days on Market 4 days slower

167 homes Active Inventory 9.4 mo supply

95.7% Sale-to-List Ratio

107 Sales (6 months)

$199,182 Tax Assessed (2025)

Recently Sold Comparables

$223,200 adjusted 703 N Pierce ST, Burnet TX 78611 4bd / 3.0ba • 1,725 sqft • 0.3 mi Sold 2 months ago

$289,761 adjusted 304 Gristmill RD, Burnet TX 78611 4bd / 3.0ba • 1,688 sqft • 1.5 mi Sold 4 months ago

$285,134 adjusted 116 Elmer Ave, Burnet TX 78611 4bd / 2.0ba • 1,575 sqft • 1.3 mi Sold 11 months ago

$153,926 adjusted 504 S Boundary ST, Burnet TX 78611 1bd / 1.0ba • 1,244 sqft • 1 mi Sold 2 months ago

$270,123 adjusted 300 Gristmill RD, Burnet TX 78611 4bd / 3.0ba • 2,012 sqft • 1.5 mi Sold 3 months ago

Currently on Market

$275,000 1208 Oak St, Burnet TX 78611 5bd / 2.0ba • 1,622 sqft • 0.6 mi 4 days on market

$318,990 329 Wheel Horse RD, Burnet TX 78611 4bd / 2.0ba • 1,688 sqft • 1.6 mi 53 days on market

$319,000 100 Linsey CV, Burnet TX 78611 3bd / 2.0ba • 1,661 sqft • 0.9 mi 53 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.

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

Flooring Laminate, Wood

Cooling Central Air

Heating Central

Exterior Private Yard

County Burnet

MLS # 7090821

HOA & Community

HOA Fee $100 /Annually

Tax Information

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

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.

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

$249,000 1002 S Pierce ST, Burnet TX 78611 4 bd | 2 ba

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$259,999 202 E Tate ST, Burnet TX 78611 3 bd | 2 ba

$275,000 209 E Live Oak ST, Burnet TX 78611 4 bd | 2 ba

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