545 Cedar Break LN, Burnet TX 78611

Reviewing the most recent comparable transactions, this home's market value falls around $413,897. For a well positioned listing in 78611, I'd target the $341,000 to $351,000 range. In the current 78611 market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. The 2012 construction puts this home 11 years older than the comp average, a factor in the pricing. At 5.00 acres, the lot is larger than the 0.25 acre comp average, which factors into pricing. With 3 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 313 Gristmill RD, Burnet TX 78611, with an adjusted value of $361,588; with a larger floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group