1200 RAINBOW CV, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $272,069 and $310,152, with a best estimate of $303,905. 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
$303,905
$326,318
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 $272,069 and $310,152. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$25,565 for 143 sqft less living space and +$2,360 for being newer. Net adjustment: -$23,205.
Adjusted -$32,358 for 181 sqft less living space and +$1,180 for being newer. Net adjustment: -$31,178.
Adjusted -$22,168 for 124 sqft less living space. Net adjustment: -$22,168.
Adjusted -$75,621 for 423 sqft less living space and +$2,360 for being newer. Net adjustment: -$73,261.
Adjusted -$46,302 for 259 sqft less living space and -$1,180 for being older. Net adjustment: -$47,482.
The Neighborhood
This home is valued 4.8% below the R457404G - RAINBOW PARKE median of $342,797. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 7.4% over the past year.
R457404G - RAINBOW PARKE
typicalThis home is -4.8% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,871 across all districts. With a homestead exemption claimed, that drops to $4,561 — saving $1,310 per year. That's $380 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% | $2,914 |
| Round Rock | City | 0.3720% | $1,214 |
| Williamson County | County | 0.3694% | $1,206 |
| Austin Community College | special | 0.1034% | $337 |
| Williamson County FM/Rd | County | 0.0443% | $145 |
| Upper Brushy Creek WCID | Water | 0.0170% | $55 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $5,871 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $303,905 would pay approximately $1,897 per month (principal and interest only, excluding taxes and insurance).