1313 RAINBOW PARKE DR, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $344,651 and $382,734, with a best estimate of $376,487. 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
$376,487
$355,476
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 $344,651 and $382,734. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$47,017 for 263 sqft more living space and +$2,360 for being newer. Net adjustment: +$49,377.
Adjusted +$40,224 for 225 sqft more living space and +$1,180 for being newer. Net adjustment: +$41,404.
Adjusted +$50,414 for 282 sqft more living space. Net adjustment: +$50,414.
Adjusted -$3,039 for 17 sqft less living space and +$2,360 for being newer. Net adjustment: -$679.
Adjusted +$26,280 for 147 sqft more living space and -$1,180 for being older. Net adjustment: +$25,100.
The Neighborhood
This home is valued 3.7% 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 +3.7% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,396 across all districts. With a homestead exemption claimed, that drops to $5,080 — saving $1,316 per year. That's $423 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% | $3,175 |
| Round Rock | City | 0.3720% | $1,322 |
| Williamson County | County | 0.3694% | $1,313 |
| Austin Community College | special | 0.1034% | $368 |
| Williamson County FM/Rd | County | 0.0443% | $158 |
| Upper Brushy Creek WCID | Water | 0.0170% | $60 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $6,396 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $376,487 would pay approximately $2,350 per month (principal and interest only, excluding taxes and insurance).