5161 CR 200, Burnet TX 78611

The estimated value of this property is $400,957, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $389,000 and $413,000. In the current 78611 market with 1 similar homes available, this price represents below the only comparable home currently on the market. Built in 1977, this home is 38 years older than the average comp, which is reflected in the adjustments. The 10.10 acre lot (larger than the 0.26 acre average) is reflected in the estimate. With 1 similar homes currently listed in 78611 (a buyer's market), competition is a factor to consider. 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 $454,758; with a larger floor plan. Based on 7 relevant data points in 78611, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX