<a href="https://teamprice.com/top-100-opportunities">Discover the Best Austin Area Property Deals</a>: Homes Listed Below Tax-Assessed Value September 17, 2024 : The real estate market in the Austin area continues to offer significant <a href="https://teamprice.com/top-100-opportunities">opportunities for buyers and investors</a> alike. Each month, properties throughout Central Texas experience price reductions, providing a unique chance for potential homeowners and investors to purchase homes below their tax-assessed values. In this month's analysis, we are spotlighting the <a href="https://teamprice.com/top-100-opportunities">top 100 real estate opportunities</a>, focusing on properties with dramatic price drops, often listed at values lower than their estimated tax values. Across the Austin area, from bustling cities like Pflugerville and Georgetown to the quieter outskirts of Lago Vista and Liberty Hill, these properties stand out in today’s competitive market. Among the most notable trends in this month’s list is the presence of homes in popular suburban locations like Kyle and Manor, where the price reductions are steep, yet the properties maintain strong tax valuations. This creates a <a href="https://teamprice.com/top-100-opportunities">significant opportunity for buyers</a> looking for equity from the moment of purchase. For example, in Kyle, homes with 3 to 4 bedrooms have seen price drops ranging from $30,000 to $105,000, with current list prices falling as much as 37.8% below their estimated tax values. This is particularly striking as the tax-assessed values of these properties often exceed the new listing prices by tens of thousands of dollars. In one case, a home listed at $200,000 in Kyle has a tax value of over $321,000, reflecting a $121,000 gap between its tax value and list price. This is not just a rare occurrence, but a notable pattern seen throughout the region. In Pflugerville, a city growing rapidly due to its proximity to Austin, price reductions are equally eye-catching. Homes with 3 to 4 bedrooms have had price drops as high as $50,000. A home that is now listed at $289,900, for instance, has a tax-assessed value of $368,251, meaning buyers are seeing a 21.3% reduction below its tax value. In another part of the city, a home is now priced at $285,000, representing a decrease of 7.1% below its tax-assessed value. These figures demonstrate how buyers can secure <a href="https://teamprice.com/top-100-opportunities">immediate savings in a market</a> where prices have fluctuated in recent months. Other areas on the outskirts of Austin are also showing dramatic reductions. In Elgin and Manor, buyers can find homes listed well below their tax values, with some reductions reaching nearly 30%. In one Manor property, listed at $259,999, the tax-assessed value is over $366,000, which equates to a 29% savings on the list price. Similarly, properties in Georgetown, where real estate demand remains steady, are also seeing significant price drops, providing buyers with multiple options to secure a home below market. Austin itself, particularly in highly sought-after areas like South Austin and the 78704 zip code, presents similar opportunities. Homes in this region, often listed at prices below their tax values by over $70,000, have seen price reductions between 10% and 20%. For instance, a home in South Austin listed at $649,500 is now priced 10.8% below its tax-assessed value of $727,789, while another home in North Austin has dropped by 17.3%, with the list price now sitting at $879,777, significantly below the tax value of over $1 million. Lago Vista, known for its scenic views and lakefront properties, also offers unique opportunities, with homes listed for nearly $100,000 below their tax values. A home in this area, now listed at $399,900, carries a tax-assessed value of $439,267, offering potential buyers an 8.9% discount compared to the property's assessed value. The market in Liberty Hill and Hutto also displays <a href="https://teamprice.com/top-100-opportunities">significant opportunities, with price reductions</a> between $50,000 and $80,000 on various listings, offering discounts that are often above 10%. These reductions, coupled with tax values that remain high, provide an attractive prospect for buyers looking for immediate equity. What stands out most in this month’s list is the broad range of price reductions, which are not limited to just one or two specific regions, but span across the entire Austin metropolitan area. From suburban cities like Kyle and Buda to urban centers like Austin and Round Rock, opportunities are abundant for buyers seeking value in the current real estate market. While tax-assessed values are not always indicative of a property's true market value, they offer an important benchmark for buyers looking for immediate savings and long-term equity. These price reductions are creating a buyer’s market where individuals can purchase properties well below their expected value, positioning them for substantial gains in the future. For buyers and investors looking for <a href="https://teamprice.com/top-100-opportunities">opportunities in the Austin area</a>, this month’s list provides a clear path to finding properties with built-in value. As the market continues to shift, staying informed about these key opportunities can make all the difference in securing the right home or investment. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240917020425.png" alt="" width="" height="" style=""></figure></div>

September 2024 : Explore the top 100 real estate opportunities in the Austin area, featuring properties with major price drops. These homes are listed below their tax-assessed values, offering buyers and investors unique opportunities to secure properties at significantly reduced prices. Find out more about the best deals in the Austin real estate market

Top 100 Real Estate Opportunities in the Austin Area: Price Drops & Tax Value Insights

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Top 100 Real Estate Opportunities in the Austin Area: Price Drops & Tax Value Insights

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