Brownsville TX Land & Lots For Sale - 148 Listings | Zillow (2024)

FAQs

How much is a lot worth in Texas? ›

According to the Texas A&M Real Estate Center, the average cost of land per acre in Texas stands around $4,670 (as of Q4 2023). This average has been climbing steadily quarter by quarter throughout the year, reflecting a trend that's been picking up pace​.

Even though Texas is a non-disclosure state, you can find the prices a home sold for using the HAR Platinum App. Whether you're buying a home and want to see what homes sold for, or getting ready to list your home and curious what your neighbor's house sold for recently.

Based on the total acres currently listed for sale on Land.com, Texas is among the top three states in the country for land and rural property for sale. The overall value of land for sale in the state amounts to almost $51 billion, and covers approximately 4 million acres.

Where is the cheapest land in Texas? You're likely to find some of the cheapest Texas acres in the Panhandle and South Plains region, or in Far West Texas. Although price per acre has still been increasing in the Panhandle and South Plains, you could still find land there for an average of $1,527 per acre.

The cost of the lot has traditionally been 25% of the total project cost. For example, if you have a total project budget of $200,000, you should expect to pay $50,000 of that amount for the vacant land since 25% of $200,000 is $50,000.

Contact the tax appraisal office in your area. All tax appraisal offices try to keep ownership data on all real property in their district. You might be able to search for this information online on the county tax appraisal website or to call their office.

The average closing costs for buyers in Texas are approximately 2% to 5% of the purchase price, with a good rule of thumb of 3% for a quick ballpark estimate.

Compare your home to similar homes currently listed on the market. Use the pricing scout tool to get an instant estimate of your home's value. Consider getting a CMA done by a real estate professional. Consider having a professional property appraisal validate your asking price.

Capital gains tax on Texas property sales

Subtract the cost basis from the selling price of the property to determine your capital gain. Long-term or short-term capital gains tax rates are then applied based on how long you've held the property.

One acre = 5645.4 square varas = 43,560 square feet = 4,840 square yards = 160 square rods = 75.13 varas square = 69.57 yards square = 208.7 feet square = 10 square chains.

Who owns most land in Texas? ›

ONLY IN TEXAS.

Texas's largest landowner is a Tennessean named Brad Kelley. Currently, Kelley owns 940,000 acres in the Lone Star State.

The standard size for a lot is 100,000 units of currency, and now, there are also mini, micro, and nano lot sizes that are 10,000, 1,000, and 100 units. Some brokers show quantity in “lots”, while other brokers show the actual currency units.

A standard lot in forex is equal to 100,000 currency units. It's the standard unit size for traders, whether they're independent or institutional. Example: If the EURUSD exchange rate was $1.3000, one standard lot of the base currency (EUR) would be 130,000 units.

Texans need to earn more than $631,850 to be considered part of the state's 1%, per SmartAsset. By comparison, the income thresholds for all four of Texas' neighbors are in the $400,000s.

Land value may be determined by real estate appraisals conducted by third parties. An appraiser's assessment can be crucial to a lender's decisions on offering to finance a prospective buyer or refinancing for a property holder. Appraisal of the land can include a comparison of its condition to similar real estate.