1217 RAINBOW PARKE DR, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $239,282 and $277,365, with a best estimate of $271,118. 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
$271,118
$313,718
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 $239,282 and $277,365. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$59,532 for 333 sqft less living space and +$3,540 for being newer. Net adjustment: -$55,992.
Adjusted -$66,325 for 371 sqft less living space and +$2,360 for being newer. Net adjustment: -$63,965.
Adjusted -$56,135 for 314 sqft less living space and +$1,180 for being newer. Net adjustment: -$54,955.
Adjusted -$109,588 for 613 sqft less living space and +$3,540 for being newer. Net adjustment: -$106,048.
Adjusted -$80,269 for 449 sqft less living space. Net adjustment: -$80,269.
The Neighborhood
This home is valued 8.5% 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 -8.5% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,645 across all districts. With a homestead exemption claimed, that drops to $4,336 — saving $1,309 per year. That's $361 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% | $2,802 |
| Round Rock | City | 0.3720% | $1,167 |
| Williamson County | County | 0.3694% | $1,159 |
| Austin Community College | special | 0.1034% | $324 |
| Williamson County FM/Rd | County | 0.0443% | $139 |
| Upper Brushy Creek WCID | Water | 0.0170% | $53 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $5,645 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $271,118 would pay approximately $1,692 per month (principal and interest only, excluding taxes and insurance).