545 Cedar Break LN, Burnet TX 78611

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $423,020. I'd recommend coming to market at $501,000 to $515,000 to strike the right balance between value and market velocity. Among the similar homes currently available in 78611, this price point stands out as competitive. This home's larger footprint (165 sqft vs the comp average) plays a role in how the market prices it. The 5.00 acre lot (larger than the 1.17 acre average) is reflected in the estimate. There are currently 3 similar homes on the market in 78611, ranging from $445,000 to $840,000. The trend in 78611 shows prices have fallen 27.4% in the past 6 months. 300 Gristmill RD, Burnet TX 78611 nearby adjusts to $353,957; with a smaller 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