407 E Kerr ST, Burnet TX 78611

Off Market

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Ed's Opinion of Value

$106,534 Ed's Estimate: $310,430 $370,000

Lowest Comp Recommended List: $260,000 to $270,000 Highest Comp

Reviewing the most recent comparable transactions, this home's market value falls around $310,430. For a well positioned listing in PETER KERR POR, I'd target the $260,000 to $270,000 range. Against 7 similar active listings in PETER KERR POR, this price point lands at the 3rd least expensive of 7 comparable homes on the market. The larger floor plan (166 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1957 construction puts this home 47 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in PETER KERR POR; a buyer's market based on recent absorption. Recent trends in 78611 show home values have fallen 5.7% since 6 months ago. The most comparable recent sale is 407 E Kerr ST, Burnet TX 78611, with an adjusted value of $367,444; 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 ▼ 5.7% 6mo

$204/sqft Median $/SqFt ▼ 1.2% 6mo

102 days Avg Days on Market 10 days slower

171 homes Active Inventory 9.3 mo supply

95.8% Sale-to-List Ratio

110 Sales (6 months)

Recently Sold Comparables

$367,444 adjusted 407 E Kerr ST, Burnet TX 78611 4bd / 3.0ba • 1,842 sqft • 0 mi Sold 27 days ago

$106,534 adjusted 305 E Brier LN, Burnet TX 78611 2bd / 1.0ba • 736 sqft • 0.2 mi Sold 11 months ago

$339,987 adjusted 1317 Spicewood DR, Burnet TX 78611 3bd / 2.0ba • 1,783 sqft • 0.8 mi Sold 7 months ago

$318,852 adjusted 314 Gristmill RD, Burnet TX 78611 3bd / 2.0ba • 1,777 sqft • 1.2 mi Sold 2 months ago

$319,992 adjusted 1403 Adam Ave, Burnet TX 78611 3bd / 2.0ba • 1,630 sqft • 0.8 mi Sold 1 months ago

Currently on Market

$350,000 605 E Kerr ST E, Burnet TX 78611 4bd / 2.0ba • 1,801 sqft • 0.1 mi 1 days on market

$370,000 241 Hilltop DR, Burnet TX 78611 2bd / 2.0ba • 1,868 sqft • 1.5 mi 1 days on market

$259,499 202 E Tate ST, Burnet TX 78611 3bd / 2.0ba • 1,596 sqft • 0.2 mi 80 days on market

2 Beds

2 Baths 2 Full

1,785 Sq Ft

0.3923 Acres

1957 Built

4 Garage

About This Property

This one is a full on remodel. Cash purchase only. The home is a true mid century and has a very cool look to it. However, the inside needs to be completely gutted. It needs new everything. What it has going for it is a huge .39 acre lot, very well positioned and in the growing City of Burnet, surrounded by nice homes, hardwood flooring in original part of the house, biggest Magnolia tree you've ever seen in the front yard and it has some character which can't be said for many homes. It's walkable to HEB, restaurants and downtown. Some of the rock work that you see on the exterior is on the inside of the home. A third living room can easily be made into a bedroom with a simple closet added. That possible third bedroom is two steps down from the main level and has the feel of a music room/man cave or cool study. The living room boasts a vaulted ceiling with beams. The layout can easily be opened up and reconfigured especially since it has to be torn out anyway. Fixed up the home is worth $300k-$330k.

Features

Vaulted Ceiling(s)
Electric Dryer Hookup
Multiple Dining Areas
Multiple Living Areas
Primary Bedroom on Main
Storage

Location

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Schools

School District Burnet ISD

Elementary Burnet

Middle School Burnet (Burnet ISD)

High School Burnet

Property Details

Property Type Residential

Flooring Concrete, Wood

Cooling Central Air

Heating Central, Natural Gas

Exterior Private Yard

County Burnet

MLS # 3948725

Garage 4 spaces

Tax Information

Annual Taxes (MLS) $3,269 (2022)

Listing History

MLS# 3948725 16 days

Mar 21, 2023	Off Market
Mar 5, 2023	Price Change	$134,500
Feb 23, 2023	Listed	$149,500

Frequently Asked Questions About 407 E Kerr ST, Burnet TX 78611

When was 407 E Kerr ST, Burnet TX 78611 built?

407 E Kerr ST, Burnet TX 78611 was built in 1957.

How much does 407 E Kerr ST, Burnet TX 78611 cost?

407 E Kerr ST, Burnet TX 78611 sold on March 21, 2023. Contact us for sale price details.

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