3701 PENELOPE WAY, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $380,393 and $524,602, with a best estimate of $502,238. 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
$502,238
$478,733
Based on 5 comparable properties(3 in the same subdivision)
Based on 5 comparable properties (3 in the same subdivision, 2 nearby), the estimated range is $380,393 and $524,602. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$44,633 for 223 sqft more living space. Net adjustment: +$44,633.
Adjusted -$22,016 for 110 sqft less living space. Net adjustment: -$22,016.
Adjusted +$33,024 for 165 sqft more living space and -$1,582 for being older. Net adjustment: +$31,442.
Adjusted +$73,254 for 366 sqft more living space and +$4,747 for being newer. Net adjustment: +$78,001.
Adjusted +$90,666 for 453 sqft more living space and -$7,385 for being older. Net adjustment: +$83,281.
The Neighborhood
This home is valued 23.4% above the R493607C - PALOMA LAKE SEC 18 median of $387,915. With 295 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 9.2% over the past year.
R493607C - PALOMA LAKE SEC 18
above averageThis home is +23.4% above the subdivision median.
Tax Analysis
The estimated annual property tax is $9,329 across all districts. With a homestead exemption claimed, that drops to $7,990 — saving $1,339 per year. That's $666 per month a buyer should budget. The assessed value increased +0.8% vs the subdivision average of -9.2%. This above-average increase gives a protest opportunity score of 50 out of 100 — it may be worth challenging the appraisal.
Tax Districts
| District | Type | Rate | Annual Amount |
|---|---|---|---|
| Round Rock ISD | School | 0.8931% | $4,276 |
| Paloma Lakes MUD #2 | MUD | 0.4215% | $2,018 |
| Williamson County | County | 0.3694% | $1,769 |
| Austin Community College | special | 0.1034% | $495 |
| Williamson County ESD #9 - Round Rock | ESD | 0.0999% | $478 |
| Williamson County FM/Rd | County | 0.0443% | $212 |
| Upper Brushy Creek WCID | Water | 0.0170% | $81 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9487% | $9,329 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $502,238 would pay approximately $3,135 per month (principal and interest only, excluding taxes and insurance).