1249 RAINBOW PARKE DR, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $322,161 and $360,245, with a best estimate of $353,998. 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
$353,998
$341,243
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 $322,161 and $360,245. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$22,168 for 124 sqft more living space and +$4,720 for being newer. Net adjustment: +$26,888.
Adjusted +$15,375 for 86 sqft more living space and +$3,540 for being newer. Net adjustment: +$18,915.
Adjusted +$25,565 for 143 sqft more living space and +$2,360 for being newer. Net adjustment: +$27,925.
Adjusted -$27,889 for 156 sqft less living space and +$4,720 for being newer. Net adjustment: -$23,169.
Adjusted +$1,430 for 8 sqft more living space and +$1,180 for being newer. Net adjustment: +$2,610.
The Neighborhood
This home is in line with the R457404G - RAINBOW PARKE median of $342,797. Note that values in this subdivision declined 7.4% over the past year.
R457404G - RAINBOW PARKE
typicalThis home is -0.5% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,140 across all districts. With a homestead exemption claimed, that drops to $4,827 — saving $1,313 per year. That's $402 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% | $3,048 |
| Round Rock | City | 0.3720% | $1,269 |
| Williamson County | County | 0.3694% | $1,261 |
| Austin Community College | special | 0.1034% | $353 |
| Williamson County FM/Rd | County | 0.0443% | $151 |
| Upper Brushy Creek WCID | Water | 0.0170% | $58 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $6,140 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $353,998 would pay approximately $2,210 per month (principal and interest only, excluding taxes and insurance).