1201 RAINBOW PARKE DR, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $339,288 and $377,371, with a best estimate of $371,124. 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
$371,124
$355,894
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 $339,288 and $377,371. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$41,654 for 233 sqft more living space and +$2,360 for being newer. Net adjustment: +$44,014.
Adjusted +$34,861 for 195 sqft more living space and +$1,180 for being newer. Net adjustment: +$36,041.
Adjusted +$45,051 for 252 sqft more living space. Net adjustment: +$45,051.
Adjusted -$8,402 for 47 sqft less living space and +$2,360 for being newer. Net adjustment: -$6,042.
Adjusted +$20,917 for 117 sqft more living space and -$1,180 for being older. Net adjustment: +$19,737.
The Neighborhood
This home is valued 3.8% 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 +3.8% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,404 across all districts. With a homestead exemption claimed, that drops to $5,087 — saving $1,317 per year. That's $424 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% | $3,178 |
| Round Rock | City | 0.3720% | $1,324 |
| Williamson County | County | 0.3694% | $1,315 |
| Austin Community College | special | 0.1034% | $368 |
| Williamson County FM/Rd | County | 0.0443% | $158 |
| Upper Brushy Creek WCID | Water | 0.0170% | $61 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $6,404 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $371,124 would pay approximately $2,317 per month (principal and interest only, excluding taxes and insurance).