1345 RAINBOW PARKE DR, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $233,525 and $271,608, with a best estimate of $265,361. 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
$265,361
$394,835
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 $233,525 and $271,608. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$62,928 for 352 sqft less living space and +$1,180 for being newer. Net adjustment: -$61,748.
Adjusted -$69,722 for 390 sqft less living space. Net adjustment: -$69,722.
Adjusted -$59,532 for 333 sqft less living space and -$1,180 for being older. Net adjustment: -$60,712.
Adjusted -$112,985 for 632 sqft less living space and +$1,180 for being newer. Net adjustment: -$111,805.
Adjusted -$83,666 for 468 sqft less living space and -$2,360 for being older. Net adjustment: -$86,026.
The Neighborhood
This home is valued 15.2% above the R457404G - RAINBOW PARKE median of $342,797. With 131 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 7.4% over the past year.
R457404G - RAINBOW PARKE
above averageThis home is +15.2% above the subdivision median.
Tax Analysis
The estimated annual property tax is $7,104 across all districts. With a homestead exemption claimed, that drops to $5,781 — saving $1,323 per year. That's $482 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% | $3,526 |
| Round Rock | City | 0.3720% | $1,469 |
| Williamson County | County | 0.3694% | $1,459 |
| Austin Community College | special | 0.1034% | $408 |
| Williamson County FM/Rd | County | 0.0443% | $175 |
| Upper Brushy Creek WCID | Water | 0.0170% | $67 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $7,104 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $265,361 would pay approximately $1,656 per month (principal and interest only, excluding taxes and insurance).