1470 RAINBOW PARKE DR, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $224,121 and $262,205, with a best estimate of $255,958. That places the property below the R457404G - RAINBOW PARKE median of $342,797, in a neighborhood that declined 7.4% over the past year.
Estimated Value Range
$255,958
$376,002
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 $224,121 and $262,205. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$71,152 for 398 sqft less living space. Net adjustment: -$71,152.
Adjusted -$77,945 for 436 sqft less living space and -$1,180 for being older. Net adjustment: -$79,125.
Adjusted -$67,755 for 379 sqft less living space and -$2,360 for being older. Net adjustment: -$70,115.
Adjusted -$121,209 for 678 sqft less living space. Net adjustment: -$121,209.
Adjusted -$91,890 for 514 sqft less living space and -$3,540 for being older. Net adjustment: -$95,430.
The Neighborhood
This home is valued 9.7% 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 +9.7% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,765 across all districts. With a homestead exemption claimed, that drops to $5,446 — saving $1,319 per year. That's $454 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% | $3,358 |
| Round Rock | City | 0.3720% | $1,399 |
| Williamson County | County | 0.3694% | $1,389 |
| Austin Community College | special | 0.1034% | $389 |
| Williamson County FM/Rd | County | 0.0443% | $167 |
| Upper Brushy Creek WCID | Water | 0.0170% | $64 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $6,765 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $255,958 would pay approximately $1,598 per month (principal and interest only, excluding taxes and insurance).