1212 RAINBOW CV, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $274,608 and $312,691, with a best estimate of $306,444. 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
$306,444
$328,181
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 $274,608 and $312,691. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$25,386 for 142 sqft less living space and +$4,720 for being newer. Net adjustment: -$20,666.
Adjusted -$32,179 for 180 sqft less living space and +$3,540 for being newer. Net adjustment: -$28,639.
Adjusted -$21,989 for 123 sqft less living space and +$2,360 for being newer. Net adjustment: -$19,629.
Adjusted -$75,442 for 422 sqft less living space and +$4,720 for being newer. Net adjustment: -$70,722.
Adjusted -$46,124 for 258 sqft less living space and +$1,180 for being newer. Net adjustment: -$44,944.
The Neighborhood
This home is valued 4.3% below the R457404G - RAINBOW PARKE median of $342,797. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 7.4% over the past year.
R457404G - RAINBOW PARKE
typicalThis home is -4.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,905 across all districts. With a homestead exemption claimed, that drops to $4,594 — saving $1,311 per year. That's $383 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% | $2,931 |
| Round Rock | City | 0.3720% | $1,221 |
| Williamson County | County | 0.3694% | $1,212 |
| Austin Community College | special | 0.1034% | $339 |
| Williamson County FM/Rd | County | 0.0443% | $145 |
| Upper Brushy Creek WCID | Water | 0.0170% | $56 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $5,905 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $306,444 would pay approximately $1,913 per month (principal and interest only, excluding taxes and insurance).