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$510,000

NAL Estimated Property Value

116 Colby Canyon DR N, Burnet, TX, 78611

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,001 Sq Ft
price_per_sqft$249.38 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesBuilt In Electric Range, Dryer, Dishwasher, Energy Star Qualified Appliances, Energy Star Qualified Dishwasher, Energy Star Qualified Dryer, Energy Star Qualified Refrigerator, Energy Star Qualified Washer, Energy Star Qualified Water Heater, Exhaust Fan, Electric Water Heater, Disposal, Ice Maker, Refrigerator, Water Heater, Wine Refrigerator, Washer
FlooringCarpet Free, Tile

Exterior

Exterior FeaturesBarbecue, Lighting, Private Yard
Lot Size14,331 sqft

Building Information

Year Built2022
Garage Spaces2

Land Information

APN118153
Lot Number5
SubdivisionHills Of Shady Grove
Land UseResidential
Legal DescriptionS5213 HILLS OF SHADY GROVE LOT 5, BLK 8, SEC 7, .33
Census Tract960302
Assessed Land Value$38,264
Assessed Improvement Value$448,585
Assessment Year2025

About this property

This stunning property was built in 2022, featuring 2001 square feet of living space on a spacious third of an acre lot. The house is situated in the picturesque Hills of the Shady Grove neighborhood, known for its serene and peaceful surroundings. With 3 bedrooms and 2 bathrooms, this home offers plenty of space for a comfortable living. The large kitchen is perfect for culinary enthusiasts, complete with a sizable kitchen island for meal preparation and gathering. The living room and master bedroom feature exquisite coffered ceilings that add a touch of elegance to the interior. The house also boasts an oversized vaulted back porch, which is perfect for relaxation and outdoor entertainment. Additionally, the porch includes a full outdoor kitchen and a built-in stone fireplace, allowing for memorable gatherings and cozy evenings. Located right in the heart of town, this property is situated in an upscale neighborhood. Inside, you'll find a dry bar adjacent to the kitchen, adding extra convenience for entertaining guests. The oversized garage provides ample space for vehicles and storage. The large laundry room includes a sink and a mudroom area, making household chores more manageable. Outside, the beautifully kept landscaping enhances the curb appeal of the property. Full gutters and irrigation systems help to maintain the lush greenery. A newly built privacy fence ensures seclusion and security. With all these features combined, this house offers a truly remarkable living experience.

Investor Tools

Property Icon
$510,000
Estimated Property Value
$0Estimated Mortgage Balance
$510,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,060 /month
Positive
Cash Flow Estimate:
$1,020 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$985/month
$100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,266
$486,849
2025
$38,264
$448,585
$486,849
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,266
$486,849

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$510,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Burnet

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116 Colby Canyon DR N | Property Details | No Agent List