Home Buying in 78717>Question Details

Cowboy920, Home Buyer in Austin, TX

Planning to buy house in north austin, near RM620

Asked by Cowboy920, Austin, TX Wed Feb 6, 2008

Hi, What the pro and cons of housing near RM620. There are properties near Cornerwood and Great Oaks that I am really interested in. I am looking in range of 200k-230k. Plan on being in the house for 6-10 years. I see of lots of undeveloped land in that area. So my concern is the appreciation value of the house in near future.
Does anyone have an inside scoop of whats going to happen all that undeveloped land in near future

Help the community by answering this question:

Answers

6
BEST ANSWER
In general, this 620 area is experiencing a tremendous amount of growth especially considering the tollway and the commuter train line development. Staying 6-10 years is an extremely solid appreciation time frame considering how much of Austin's population growth is in this corridor. See this link (ie page 22 of the 22-page document) for Round Rock Future Land Use General Plan: http://www.roundrocktexas.gov/docs/935103132006gp2k_ch05-fut…
or this for more: http://www.roundrocktexas.gov/home/index.asp?page=898
0 votes Thank Flag Link Thu Feb 7, 2008
Hey Mr or Ms Buyer, if you would like to receive a 1% rebate (1% of the value of the home purchase) and do not currently have an agent you are formally working with, give me a call! I live and work in NW Austin and service Round Rock, Cedar Park & Georgetown as well. That is a nice area you're looking at. While no one can guarantee your future values, that area is a pretty safe and stable bet for a buyer like yourself.
Web Reference: http://www.MeetBobReam.com
0 votes Thank Flag Link Tue Feb 23, 2010
Cat Hallow, Oak Brook and Brushy Creek are all nestled off of Great Oaks. Horizon Park is the new neighborhood across from where your looking which is priced much more then the resales your looking at. This is a great news to you! That will help hold values in place and not compete with new construction! New home sales have done great in Horizon Park QUICKLY! 620 is almost all zoned commericial while residential is most of the interior lots. I live in Oak Brook and LOVE the area!

Price in the high 190's with LOW taxes off of Parmer and 45/620 is Parmer Village. The tax rate is below 2% and the builder has been offering large incentives. I've negotiated several great purchases in there for happy buyers!

Jared West
Broker
Team West Real Estate
512-296-0669
Web Reference: http://www.TeamWestRE.com
0 votes Thank Flag Link Mon Feb 22, 2010
Hello Cowboy,

I have sold and bought several homes for clients in the Great Oaks area and live in Cedar Park. Some home developers are planning sub-divisions and there is talk over future park development has well. The Great Oaks area is a very desirable place to live and the local housing market is quite steady. Please visit my website at http://www.JoeStan.com and you can use it to search properties in the Great Oaks area and any other areas you may be interested in. The site is very user friendly and offers a ton of local information about housing.

Sincerely,
Joe Stan
Joe Stan Properties
512-422-8693
0 votes Thank Flag Link Wed Feb 13, 2008
A couple exits south is the Wells Branch area - with some very nice newer neighborhoods tucked away in between 35 and MOPAC (there are some older sections as well). It is land locked, relatively unknown at this point, and some of the realtors here have said it should see much appreciation in the near future because it is all developed, has great local amenities and is so convenient to the major highways and toll roads, (last free exit!) and is close to the proposed train station at Howard lane.

(see my previous question here: What is the trend for 78728?)

AND, IT JUST SO HAPPENS - my house is for sale... $229,900. check out the virtual tour and call your realtor (or the one listed on the tour)... I'm no expert and don't know how this area stacks up against others for investment, but it makes a great home - if I wasn't relocating for work, I'd never leave!

good luck in your search.

http://tours.tourfactory.com/tours/tour.asp?t=397894
0 votes Thank Flag Link Thu Feb 7, 2008
Go to the city's web site and look under zoning for the area.
0 votes Thank Flag Link Wed Feb 6, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer