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$408,493

NAL Estimated Property Value

1308 Adam Ave, Burnet, TX, 78611

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,798 Sq Ft
price_per_sqft$222.47 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesFree-Standing Electric Oven, Electric Water Heater, Water Softener Rented
FlooringTile

Exterior

Exterior FeaturesNo Exterior Steps
Lot Size13,068 sqft

Building Information

Year Built2015
Garage Spaces2

Land Information

APN81948
Lot Number14
SubdivisionHeritage Valley
Land UseResidential
Legal DescriptionS5125 HERITAGE VALLEY LOT 14 BLK 1, SEC 1
Census Tract960302
Assessed Land Value$32,017
Assessed Improvement Value$376,476
Assessment Year2025

About this property

Welcome home to 1308 Adam Avenue in booming Burnet, Texas! This lovely three bedroom home was built in 2015 with great attention to detail. Entering in, you'll find a formal foyer that leads into the open-concept living area. The living room boasts great natural lighting, cozy wood burning fireplace, and a great flow into the kitchen/dining area. The kitchen features solid wood cabinets, formal pantry, and granite countertops. On the other side of the living area, you will find the primary bedroom & en-suite primary bathroom. The primary bathroom offers dual sinks, walk-in shower, soaker tub and large primary closet. Back off of the foyer you will find two guest bedrooms & a spacious guest bathroom. Both bedrooms feature nice sized closets with additional built-ins. The laundry room leads into the attached garage - which is a true 2-car garage! With this home sitting on such an oversized city lot, the backyard and covered back porch are some of the major selling features for this awesome home. The fully fenced backyard is the perfect place to garden, grill out, or build your dream pool - established fruit trees, too! You can't forget the inviting covered front porch as well that overlooks the landscaped front yard as well - this home truly checks off so many boxes! Heritage Valley is a quiet neighborhood in the heart of town. Most of the lots are oversized & offer nice curbed parking and sidewalks. This is a great area of town to walk in & the homes are well-kept. Highly rated schools and a 1.8 tax rate.

Investor Tools

Property Icon
$408,493
Estimated Property Value
$288,102Estimated Mortgage Balance
$120,843Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,451 /month
Positive
Cash Flow Estimate:
$817 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$725/month
$120/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,662
$408,493
2025
$32,017
$376,476
$408,493
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,662
$408,493

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$296,000
No
First
Oct 30, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$288,102
$120,391
29%
71%
$1,775/mo

Learn About the Market: Opportunity in Texas

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Explore

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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1308 Adam Ave | Property Details | No Agent List