Old House Newer Neighborhood

[Pat Brown]

So I live in a neighborhood since 1995 or so but there is an older part that started about 15 years earlier in 1980. It is in Round Rock Tx on the west side of I35 near Cat Hollow. Older houses are selling right around $145 to $150 sq ft range and we are looking right now at one that is a little over 1400 sq ft. My question would be is it any safer to invest in a newer house by say 15 or 20 years or an older one. I'm mainly looking at appreciation. We do have positive cash flow but it is under $200.  The tax evaluation is 25k lower than the sales price at this point. Any thoughts would be appreciated.