1478 RAINBOW PARKE DR, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $226,266 and $412,719, with a best estimate of $232,171. 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
$232,171
$403,758
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 $226,266 and $412,719. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$101,186 for 566 sqft less living space. Net adjustment: -$101,186.
Adjusted -$97,789 for 547 sqft less living space and -$2,360 for being older. Net adjustment: -$100,149.
Adjusted +$7,151 for 40 sqft more living space and -$1,180 for being older. Net adjustment: +$5,971.
Adjusted -$101,543 for 568 sqft less living space and +$1,180 for being newer. Net adjustment: -$100,363.
Adjusted +$7,151 for 40 sqft more living space and +$1,180 for being newer. Net adjustment: +$8,331.
The Neighborhood
This home is valued 17.8% 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 +17.8% above the subdivision median.
Tax Analysis
The estimated annual property tax is $7,265 across all districts. With a homestead exemption claimed, that drops to $5,940 — saving $1,325 per year. That's $495 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% | $3,606 |
| Round Rock | City | 0.3720% | $1,502 |
| Williamson County | County | 0.3694% | $1,492 |
| Austin Community College | special | 0.1034% | $417 |
| Williamson County FM/Rd | County | 0.0443% | $179 |
| Upper Brushy Creek WCID | Water | 0.0170% | $69 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $7,265 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $232,171 would pay approximately $1,449 per month (principal and interest only, excluding taxes and insurance).