3516 PENELOPE WAY, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $368,386 and $470,331, with a best estimate of $388,724. That places the property above the R493607C - PALOMA LAKE SEC 18 median of $387,915, in a neighborhood that declined 9.2% over the past year.
Estimated Value Range
$388,724
$367,246
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in R493607C - PALOMA LAKE SEC 18, this home's estimated market value is between $368,386 and $470,331. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$8,006 for 40 sqft less living space and +$527 for being newer. Net adjustment: -$7,479.
Adjusted -$12,409 for 62 sqft less living space and +$527 for being newer. Net adjustment: -$11,882.
Adjusted +$32,023 for 160 sqft more living space. Net adjustment: +$32,023.
Adjusted -$19,214 for 96 sqft less living space and +$527 for being newer. Net adjustment: -$18,687.
Adjusted +$39,429 for 197 sqft more living space and +$527 for being newer. Net adjustment: +$39,956.
The Neighborhood
This home is valued 5.3% below the R493607C - PALOMA LAKE SEC 18 median of $387,915. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 9.2% over the past year.
R493607C - PALOMA LAKE SEC 18
typicalThis home is -5.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,156 across all districts. With a homestead exemption claimed, that drops to $5,838 — saving $1,318 per year. That's $487 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% | $3,280 |
| Paloma Lakes MUD #2 | MUD | 0.4215% | $1,548 |
| Williamson County | County | 0.3694% | $1,357 |
| Austin Community College | special | 0.1034% | $380 |
| Williamson County ESD #9 - Round Rock | ESD | 0.0999% | $367 |
| 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 | 1.9487% | $7,156 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $388,724 would pay approximately $2,426 per month (principal and interest only, excluding taxes and insurance).