1401 RAINBOW PARKE DR, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $229,775 and $410,323, with a best estimate of $245,265. 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
$245,265
$404,609
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 $229,775 and $410,323. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$101,365 for 567 sqft less living space and -$1,180 for being older. Net adjustment: -$102,545.
Adjusted +$3,575 for 20 sqft more living space. Net adjustment: +$3,575.
Adjusted +$3,575 for 20 sqft more living space and +$2,360 for being newer. Net adjustment: +$5,935.
Adjusted -$79,376 for 444 sqft less living space and -$3,540 for being older. Net adjustment: -$82,916.
Adjusted -$84,202 for 471 sqft less living space. Net adjustment: -$84,202.
The Neighborhood
This home is valued 18.0% 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
above averageThis home is +18.0% above the subdivision median.
Tax Analysis
The estimated annual property tax is $7,280 across all districts. With a homestead exemption claimed, that drops to $5,955 — saving $1,325 per year. That's $496 per month a buyer should budget. The assessed value increased +0.5% vs the subdivision average of -7.4%. This above-average increase gives a protest opportunity score of 40 out of 100 — it may be worth challenging the appraisal.
Tax Districts
| District | Type | Rate | Annual Amount |
|---|---|---|---|
| Round Rock ISD | School | 0.8931% | $3,614 |
| Round Rock | City | 0.3720% | $1,505 |
| Williamson County | County | 0.3694% | $1,495 |
| Austin Community College | special | 0.1034% | $418 |
| Williamson County FM/Rd | County | 0.0443% | $179 |
| Upper Brushy Creek WCID | Water | 0.0170% | $69 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $7,280 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $245,265 would pay approximately $1,531 per month (principal and interest only, excluding taxes and insurance).