509 N Main ST, Burnet TX 78611

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $274,627. I'd recommend coming to market at $370,000 to $417,000 to strike the right balance between value and market velocity. In the current STEVENS market with 5 similar homes available, this price represents the most affordable of 5 comparable homes on the market. At 662 sqft larger than the typical comp, the size difference factors into the valuation. Built in 1950, this home is 31 years older than the average comp, which is reflected in the adjustments. With 5 similar homes currently listed in STEVENS (a buyer's market), competition is a factor to consider. The trend in 78611 shows prices have fallen 27.4% in the past 6 months. 1412 Adam Ave, Burnet TX 78611 nearby adjusts to $329,814; 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