1290 RAINBOW PARKE DR, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $319,551 and $357,634, with a best estimate of $351,729. 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
$351,729
$348,730
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 $319,551 and $357,634. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$20,738 for 116 sqft more living space and +$3,540 for being newer. Net adjustment: +$24,278.
Adjusted +$13,944 for 78 sqft more living space and +$2,360 for being newer. Net adjustment: +$16,304.
Adjusted +$24,134 for 135 sqft more living space and +$1,180 for being newer. Net adjustment: +$25,314.
Adjusted -$29,319 for 164 sqft less living space and +$3,540 for being newer. Net adjustment: -$25,779.
Adjusted +$20,380 for 114 sqft more living space and +$4,720 for being newer. Net adjustment: +$25,100.
The Neighborhood
This home is valued 1.7% 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 +1.7% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,275 across all districts. With a homestead exemption claimed, that drops to $4,960 — saving $1,315 per year. That's $413 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% | $3,115 |
| Round Rock | City | 0.3720% | $1,297 |
| Williamson County | County | 0.3694% | $1,288 |
| Austin Community College | special | 0.1034% | $361 |
| Williamson County FM/Rd | County | 0.0443% | $155 |
| Upper Brushy Creek WCID | Water | 0.0170% | $59 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $6,275 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $351,729 would pay approximately $2,195 per month (principal and interest only, excluding taxes and insurance).