3536 PENELOPE WAY, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $367,425 and $580,386, with a best estimate of $412,910. That places the property above the R493607C - PALOMA LAKE SEC 18 median of $387,915, in a neighborhood that declined 9.2% over the past year.
Estimated Value Range
$412,910
$377,832
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $367,425 and $580,386. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$1,601 for 8 sqft less living space. Net adjustment: -$1,601.
Adjusted +$56,842 for 284 sqft more living space. Net adjustment: +$56,842.
Adjusted +$5,204 for 26 sqft more living space and +$527 for being newer. Net adjustment: +$5,731.
Adjusted -$25,018 for 125 sqft less living space and +$527 for being newer. Net adjustment: -$24,491.
Adjusted -$25,819 for 129 sqft less living space and -$2,637 for being older. Net adjustment: -$28,456.
The Neighborhood
This home is valued 2.6% below the R493607C - PALOMA LAKE SEC 18 median of $387,915. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 9.2% over the past year.
R493607C - PALOMA LAKE SEC 18
typicalThis home is -2.6% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,363 across all districts. With a homestead exemption claimed, that drops to $6,043 — saving $1,320 per year. That's $504 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% | $3,374 |
| Paloma Lakes MUD #2 | MUD | 0.4215% | $1,593 |
| Williamson County | County | 0.3694% | $1,396 |
| Austin Community College | special | 0.1034% | $391 |
| Williamson County ESD #9 - Round Rock | ESD | 0.0999% | $377 |
| Williamson County FM/Rd | County | 0.0443% | $167 |
| Upper Brushy Creek WCID | Water | 0.0170% | $64 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9487% | $7,363 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $412,910 would pay approximately $2,577 per month (principal and interest only, excluding taxes and insurance).