708 N Main ST, Burnet TX 78611

After reviewing 7 recent transactions in 78611, I estimate this property's value at $379,613. A competitive list price for this home right now would fall in the $315,000 to $325,000 range. This home's position in the current 78611 market: the 3rd most expensive of 6 comparable homes on the market among comparable properties. At 83 years older than typical comps, the 1920 build date influences the valuation. The larger lot (0.45 acres versus the area average of 0.32) contributes to the valuation. The active market in 78611 includes 6 comparable homes priced from $309,000 to $550,000. Prices in 78611 have fallen 26.7% over the last 6 months. A similar home at 604 E Kerr ST, Burnet TX 78611 carries an adjusted comparable value of $286,163, providing a strong data point. With 7 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