1257 RAINBOW PARKE DR, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $352,517 and $390,600, with a best estimate of $384,353. 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
$384,353
$366,590
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 $352,517 and $390,600. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$54,884 for 307 sqft more living space and +$2,360 for being newer. Net adjustment: +$57,244.
Adjusted +$48,090 for 269 sqft more living space and +$1,180 for being newer. Net adjustment: +$49,270.
Adjusted +$58,280 for 326 sqft more living space. Net adjustment: +$58,280.
Adjusted +$4,827 for 27 sqft more living space and +$2,360 for being newer. Net adjustment: +$7,187.
Adjusted +$34,146 for 191 sqft more living space and -$1,180 for being older. Net adjustment: +$32,966.
The Neighborhood
This home is valued 6.9% 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 +6.9% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,596 across all districts. With a homestead exemption claimed, that drops to $5,278 — saving $1,318 per year. That's $440 per month a buyer should budget. The assessed value increased +2.4% vs the subdivision average of -7.4%. This above-average increase gives a protest opportunity score of 49 out of 100 — it may be worth challenging the appraisal.
Tax Districts
| District | Type | Rate | Annual Amount |
|---|---|---|---|
| Round Rock ISD | School | 0.8931% | $3,274 |
| Round Rock | City | 0.3720% | $1,364 |
| Williamson County | County | 0.3694% | $1,354 |
| Austin Community College | special | 0.1034% | $379 |
| Williamson County FM/Rd | County | 0.0443% | $163 |
| Upper Brushy Creek WCID | Water | 0.0170% | $62 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $6,596 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $384,353 would pay approximately $2,399 per month (principal and interest only, excluding taxes and insurance).