3531 PENELOPE WAY, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $359,161 and $403,746, with a best estimate of $389,967. That places the property above the R493607C - PALOMA LAKE SEC 18 median of $387,915, in a neighborhood that declined 9.2% over the past year.
Estimated Value Range
$389,967
$399,802
Based on 5 comparable properties(1 in the same subdivision)
There are 5 comparable properties within range, but few are in R493607C - PALOMA LAKE SEC 18. The estimated range of $359,161 and $403,746 should be treated as a rough guide.
Comparable Properties (5)
Adjusted +$7,005 for 35 sqft more living space and +$527 for being newer. Net adjustment: +$7,532.
Adjusted -$57,242 for 286 sqft less living space and +$5,802 for being newer. Net adjustment: -$51,440.
Adjusted -$180,532 for 902 sqft less living space and +$4,220 for being newer. Net adjustment: -$176,312.
Adjusted -$6,004 for 30 sqft less living space and +$2,110 for being newer. Net adjustment: -$3,894.
Adjusted -$17,213 for 86 sqft less living space and +$2,637 for being newer. Net adjustment: -$14,576.
The Neighborhood
This home is valued 3.1% above the R493607C - PALOMA LAKE SEC 18 median of $387,915. With 295 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 9.2% over the past year.
R493607C - PALOMA LAKE SEC 18
typicalThis home is +3.1% above the subdivision median.
Tax Analysis
The estimated annual property tax is $7,791 across all districts. With a homestead exemption claimed, that drops to $6,467 — saving $1,324 per year. That's $539 per month a buyer should budget. The assessed value increased roughly in line with the neighborhood, so a tax protest is unlikely to yield significant savings.
Tax Districts
| District | Type | Rate | Annual Amount |
|---|---|---|---|
| Round Rock ISD | School | 0.8931% | $3,571 |
| Paloma Lakes MUD #2 | MUD | 0.4215% | $1,685 |
| Williamson County | County | 0.3694% | $1,477 |
| Austin Community College | special | 0.1034% | $413 |
| Williamson County ESD #9 - Round Rock | ESD | 0.0999% | $399 |
| Williamson County FM/Rd | County | 0.0443% | $177 |
| Upper Brushy Creek WCID | Water | 0.0170% | $68 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9487% | $7,791 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $389,967 would pay approximately $2,434 per month (principal and interest only, excluding taxes and insurance).