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$624,248

NAL Estimated Property Value

300 Summit Ridge Rd, Burnet, TX, 78611

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths3,044 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$172.47 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
AppliancesDryer, Dishwasher, Electric Cooktop, Electric Water Heater, Ice Maker, Microwave, Oven, Refrigerator, Washer, Cooktop
FlooringCarpet, Laminate

Exterior

Lot Size2.26 acres

Building Information

Year Built1996
Garage Spaces2

Land Information

APN59818
SubdivisionSarah Ann Guest
Land UseCommercial
Legal DescriptionABS A1525 SARAH ANN GUEST, TRACT 2, AKA: SUMMIT RIDGE, PT TR 2, 2.26 ACRES
Census Tract960302
Assessed Land Value$141,665
Assessed Improvement Value$557,308
Assessment Year2025

About this property

Incredible Price Reduction! Where country meets comfort. This spacious 3-bedroom, 2.5-bath single-family home features an open kitchen ideal for entertaining and a layout designed for both comfort and functionality. The home offers two living areas, a wood-burning stove, split bedroom plan, and a fabulous utility room. The wood burning stove was never used by the current owner so it is ready to be investigated and then enjoyed by the new owner this upcoming winter. The primary suite includes a private screened porch with a hot tub, a walk-in closet, Jacuzzi tub, and a large shower. The vanity in the primary bathroom shows only one sink, but lucky for you, if you choose; it is already plumbed for two sinks. Additional highlights include a separate guest house with living areas, a kitchen, and a spacious bathroom—perfect for Airbnb, guest overflow, multi-generational living, office, or rental income. The guest home square footage is NOT included in the above square footage. The guest home is an additional 462 square feet. The property also features a storage building and expansive acreage suitable for gardening, outdoor activities, or enjoying serene Texas Hill Country surroundings. Located just minutes from town, this property provides a peaceful setting with a covered back porch overlooking beautiful Texas skies, wildlife, and nature. Whether you're watching the sunset from your porch or entertaining guests, 300 Summit Ridge in Burnet, Texas, offers a rare blend of convenience, tranquility, and versatility. Don’t miss your chance to own this amazing retreat—schedule your private tour today!

Investor Tools

Property Icon
$624,248
Estimated Property Value
$381,539Estimated Mortgage Balance
$242,709Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,745 /month
Positive
Cash Flow Estimate:
$1,248 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$488/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,732
$624,248
2025
$141,665
$557,308
$698,973
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,732
$624,248

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$383,200
No
First
Feb 13, 2026
Mar 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$381,539
$242,709
38%
61%
$2,298/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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300 Summit Ridge Rd | Property Details | No Agent List