501 S Main, Burnet TX 78611

The estimated value of this property is $334,531, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $459,000 and $514,000. With 7 comparable homes on the market in 78611, this price positions the property as the most affordable of 7 comparable homes on the market. Built in 1860, this home is 145 years older than the average comp, which is reflected in the adjustments. The 0.34 acre lot (larger than the 0.28 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in 78611; a buyer's market based on recent absorption. Recent trends in 78611 show home values have fallen 27.4% since 6 months ago. The most comparable recent sale is 106 Alexander Ave, Burnet TX 78611, with an adjusted value of $377,488; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group