8216 County Road 116, Burnet TX 78611

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $514,354. To generate strong buyer interest while maximizing value, I'd price this between $270,000 and $280,000. Among the similar homes currently available in 78611, this price point stands out as competitive. Being 672 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1982 construction puts this home 6 years older than the comp average, a factor in the pricing. With 2 similar homes currently listed in 78611 (a buyer's market), competition is a factor to consider. The trend in 78611 shows prices have fallen 27.6% in the past 6 months. 207 N River Oaks DR, Burnet TX 78611 nearby adjusts to $151,490; a strong comparable. 4 comparable transactions in 78611 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group