1440 RAINBOW PARKE DR, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $238,266 and $406,748, with a best estimate of $398,377. 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
$398,377
$401,743
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 $238,266 and $406,748. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
This comparable closely matches the subject property's features.
Adjusted +$2,360 for being newer. Net adjustment: +$2,360.
Adjusted -$82,951 for 464 sqft less living space and -$3,540 for being older. Net adjustment: -$86,491.
Adjusted -$87,778 for 491 sqft less living space. Net adjustment: -$87,778.
Adjusted -$3,575 for 20 sqft less living space and +$1,180 for being newer. Net adjustment: -$2,395.
The Neighborhood
This home is valued 17.2% 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 +17.2% above the subdivision median.
Tax Analysis
The estimated annual property tax is $7,228 across all districts. With a homestead exemption claimed, that drops to $5,904 — saving $1,324 per year. That's $492 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% | $3,588 |
| Round Rock | City | 0.3720% | $1,494 |
| Williamson County | County | 0.3694% | $1,484 |
| Austin Community College | special | 0.1034% | $415 |
| Williamson County FM/Rd | County | 0.0443% | $178 |
| Upper Brushy Creek WCID | Water | 0.0170% | $68 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $7,228 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $398,377 would pay approximately $2,487 per month (principal and interest only, excluding taxes and insurance).