After adjusting 4 comparable sales for differences in size, age, and features, this home's estimated value is $975,475. Pricing this home between $946,000 and $1,005,000 would put it in the competitive sweet spot for 78611. Buyers shopping in 78611 right now would see this as a well positioned option among 1 comparable homes. This home's larger footprint (1,178 sqft vs the comp average) plays a role in how the market prices it. The larger lot (10.00 acres versus the area average of 2.89) contributes to the valuation. 1 similar homes are currently available in 78611, creating a buyer's market for this price range. Market data shows 78611 prices fallen 27.7% over the last half year. The closest comparable sale, 1117 Longhorn DR, Burnet TX 78611 at an adjusted $1,363,853, is with a larger floor plan. With 4 comparable sales in 78611, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
