1205 RAINBOW CV, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $246,004 and $284,087, with a best estimate of $277,840. 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
$277,840
$377,552
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 $246,004 and $284,087. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$53,990 for 302 sqft less living space and +$4,720 for being newer. Net adjustment: -$49,270.
Adjusted -$60,783 for 340 sqft less living space and +$3,540 for being newer. Net adjustment: -$57,243.
Adjusted -$50,593 for 283 sqft less living space and +$2,360 for being newer. Net adjustment: -$48,233.
Adjusted -$104,046 for 582 sqft less living space and +$4,720 for being newer. Net adjustment: -$99,326.
Adjusted -$74,727 for 418 sqft less living space and +$1,180 for being newer. Net adjustment: -$73,547.
The Neighborhood
This home is valued 10.1% 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 +10.1% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,793 across all districts. With a homestead exemption claimed, that drops to $5,473 — saving $1,320 per year. That's $456 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% | $3,372 |
| Round Rock | City | 0.3720% | $1,404 |
| Williamson County | County | 0.3694% | $1,395 |
| Austin Community College | special | 0.1034% | $390 |
| Williamson County FM/Rd | County | 0.0443% | $167 |
| Upper Brushy Creek WCID | Water | 0.0170% | $64 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $6,793 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $277,840 would pay approximately $1,734 per month (principal and interest only, excluding taxes and insurance).