6702 FM690, Burnet TX 78611

The estimated value of this property is $508,509, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $392,000 and $402,000. At this price, the property would be the 2nd least expensive of 4 comparable homes on the market comparable homes currently on the market in ROCKY POINT. This home's smaller footprint (492 sqft vs the comp average) plays a role in how the market prices it. The 0.49 acre lot (smaller than the 0.59 acre average) is reflected in the estimate. With 4 similar homes currently listed in ROCKY POINT (a buyer's market), competition is a factor to consider. Recent trends in 78611 show home values have fallen 1.6% since 6 months ago. The most comparable recent sale is 6702 Fm 690, Burnet TX 78611, with an adjusted value of $436,800; a strong comparable. Based on 7 relevant data points in ROCKY POINT, 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