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$549,000

NAL Estimated Property Value

215 Summit Ridge Rd, Burnet, TX, 78611

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,589 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$192.74 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2.5Bathrooms 2.5
Garage AvailableGarage Available
AppliancesDishwasher, Dryer, Electric Cooktop, Microwave, Electric Oven, Refrigerator, Washer/Dryer
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size1.16 acres

Building Information

Year Built2002
Garage Spaces2

Land Information

APN69760
SubdivisionSarah Ann Guest
Land UseResidential
Legal DescriptionABS A1525 SARAH ANN GUEST, TRACT PT OF 25 SUMMIT RIDGE (UNRECORDED), 1.16 ACRES
Census Tract960302
Assessed Land Value$73,033
Assessed Improvement Value$464,902
Assessment Year2025

About this property

YOU need to TOUR this stunning 3-bedroom, 2.5-bathroom all-brick home that’s been meticulously maintained. You’ll be captivated by the breathtaking Hill Country views from the front porch, offering the perfect blend of serenity and convenience. In 2023, this home received some updates and upgrades which include a brand-new roof, hot water heater, well pump, and upgraded calcification system. All bedrooms had new carpet installed and fresh coat of paint making this home MOVE IN READY! As you step inside, you’re greeted by a spacious living room with surround sound wiring and a cozy fireplace, perfect for those chilly evenings. The family kitchen is big and beautiful, boasting granite countertops, custom cabinets with a built-in desk, and ample space for gathering with loved ones.This home offers more than just space – it’s packed with convenience. There are 3 bedrooms, and a bonus room with a Murphy bed, providing endless possibilities. Plus, 2 covered patios, front and back, invite you to savor the outdoors. The 1.16-acre lot is a haven of natural beauty, featuring fruit trees, flowerbeds, and even a barbed wire fence around most of the property. The oversized 2-car garage ensures ample storage space. Come take a tour of this home today!

Investor Tools

Property Icon
$549,000
Estimated Property Value
$494,882Estimated Mortgage Balance
$54,927Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,294 /month
Positive
Cash Flow Estimate:
$1,098 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$815/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,032
$537,935
2025
$73,033
$464,902
$537,935
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,032
$537,935

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$515,000
Yes
First
Feb 9, 2024
Mar 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$494,882
$63,118
11%
90%
$3,088/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.

Explore Texas Explore This Area
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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215 Summit Ridge Rd | Property Details | No Agent List