416 Summit Ridge RD, Burnet TX 78611

After reviewing 7 recent transactions in SUMMIT RIDGE, I estimate this property's value at $365,572. A competitive list price for this home right now would fall in the $257,000 to $267,000 range. This home's position in the current SUMMIT RIDGE market: the most expensive of 7 comparable homes on the market among comparable properties. The smaller floor plan (165 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (3.00 acres versus the area average of 1.74) contributes to the valuation. Current inventory shows 7 comparable homes in SUMMIT RIDGE; a buyer's market based on recent absorption. Prices in 78611 have risen 3.5% over the last 6 months. A similar home at 823 County Road 200, Burnet TX 78611 carries an adjusted comparable value of $476,175, providing a strong data point. The comp data here (7 sales in SUMMIT RIDGE) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus