8430 County Road 116, Burnet TX 78611

Based on 7 closed sales in 78611, the data points to a value around $496,274 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $505,000 to $1,139,000. This would position the home competitively among 0 active listings in 78611. Being 1,337 sqft smaller than the average comparable sale in this area impacts the per square foot value. Being built in 1994 (7 years newer than comps) is factored into the value estimate. Market data shows 78611 prices fallen 27.2% over the last half year. The closest comparable sale, 602 County Road 118B, Burnet TX 78611 at an adjusted $65,940, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in 78611. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group