1285 RAINBOW PARKE DR, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $346,546 and $384,629, with a best estimate of $378,382. That places the property above the R457404G - RAINBOW PARKE median of $342,797, in a neighborhood that declined 7.4% over the past year.
Estimated Value Range
$378,382
$351,043
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in R457404G - RAINBOW PARKE, this home's estimated market value is between $346,546 and $384,629. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$47,733 for 267 sqft more living space and +$3,540 for being newer. Net adjustment: +$51,273.
Adjusted +$40,939 for 229 sqft more living space and +$2,360 for being newer. Net adjustment: +$43,299.
Adjusted +$51,129 for 286 sqft more living space and +$1,180 for being newer. Net adjustment: +$52,309.
Adjusted -$2,324 for 13 sqft less living space and +$3,540 for being newer. Net adjustment: +$1,216.
Adjusted +$26,995 for 151 sqft more living space. Net adjustment: +$26,995.
The Neighborhood
This home is valued 2.4% above the R457404G - RAINBOW PARKE median of $342,797. With 131 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 7.4% over the past year.
R457404G - RAINBOW PARKE
typicalThis home is +2.4% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,316 across all districts. With a homestead exemption claimed, that drops to $5,001 — saving $1,315 per year. That's $417 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% | $3,135 |
| Round Rock | City | 0.3720% | $1,306 |
| Williamson County | County | 0.3694% | $1,297 |
| Austin Community College | special | 0.1034% | $363 |
| Williamson County FM/Rd | County | 0.0443% | $156 |
| Upper Brushy Creek WCID | Water | 0.0170% | $60 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $6,316 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $378,382 would pay approximately $2,362 per month (principal and interest only, excluding taxes and insurance).