3505 PENELOPE WAY, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $357,600 and $392,042, with a best estimate of $365,139. That places the property below the R493607C - PALOMA LAKE SEC 18 median of $387,915, in a neighborhood that declined 9.2% over the past year.
Estimated Value Range
$365,139
$387,073
Based on 5 comparable properties(0 in the same subdivision)
There are 5 comparable properties within range, but none are in R493607C - PALOMA LAKE SEC 18. The estimated range of $357,600 and $392,042 should be treated as a rough guide.
Comparable Properties (5)
Adjusted -$12,009 for 60 sqft less living space and -$3,165 for being older. Net adjustment: -$15,174.
Adjusted -$16,212 for 81 sqft less living space and -$3,165 for being older. Net adjustment: -$19,377.
Adjusted -$17,213 for 86 sqft less living space and -$3,165 for being older. Net adjustment: -$20,378.
Adjusted -$19,214 for 96 sqft less living space and -$3,165 for being older. Net adjustment: -$22,379.
Adjusted -$19,214 for 96 sqft less living space and -$3,165 for being older. Net adjustment: -$22,379.
The Neighborhood
This home is in line with the R493607C - PALOMA LAKE SEC 18 median of $387,915. Note that values in this subdivision declined 9.2% over the past year.
R493607C - PALOMA LAKE SEC 18
typicalThis home is -0.2% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,543 across all districts. With a homestead exemption claimed, that drops to $6,221 — saving $1,322 per year. That's $518 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% | $3,457 |
| Paloma Lakes MUD #2 | MUD | 0.4215% | $1,632 |
| Williamson County | County | 0.3694% | $1,430 |
| Austin Community College | special | 0.1034% | $400 |
| Williamson County ESD #9 - Round Rock | ESD | 0.0999% | $387 |
| Williamson County FM/Rd | County | 0.0443% | $172 |
| Upper Brushy Creek WCID | Water | 0.0170% | $66 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9487% | $7,543 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $365,139 would pay approximately $2,279 per month (principal and interest only, excluding taxes and insurance).