1273 RAINBOW PARKE DR, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $220,835 and $401,917, with a best estimate of $225,118. 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
$225,118
$407,331
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 $220,835 and $401,917. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$108,337 for 606 sqft less living space and +$4,720 for being newer. Net adjustment: -$103,617.
Adjusted -$115,130 for 644 sqft less living space and +$3,540 for being newer. Net adjustment: -$111,590.
Adjusted -$104,940 for 587 sqft less living space and +$2,360 for being newer. Net adjustment: -$102,580.
Adjusted -$129,075 for 722 sqft less living space and +$1,180 for being newer. Net adjustment: -$127,895.
Adjusted +$3,540 for being newer. Net adjustment: +$3,540.
The Neighborhood
This home is valued 18.8% 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
above averageThis home is +18.8% above the subdivision median.
Tax Analysis
The estimated annual property tax is $7,329 across all districts. With a homestead exemption claimed, that drops to $6,003 — saving $1,326 per year. That's $500 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% | $3,638 |
| Round Rock | City | 0.3720% | $1,515 |
| Williamson County | County | 0.3694% | $1,505 |
| Austin Community College | special | 0.1034% | $421 |
| Williamson County FM/Rd | County | 0.0443% | $181 |
| Upper Brushy Creek WCID | Water | 0.0170% | $69 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $7,329 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $225,118 would pay approximately $1,405 per month (principal and interest only, excluding taxes and insurance).