1462 RAINBOW PARKE DR, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $221,510 and $407,963, with a best estimate of $242,905. 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
$242,905
$413,739
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 $221,510 and $407,963. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$3,575 for 20 sqft more living space and -$2,360 for being older. Net adjustment: +$1,215.
Adjusted -$105,119 for 588 sqft less living space. Net adjustment: -$105,119.
Adjusted +$3,575 for 20 sqft more living space. Net adjustment: +$3,575.
Adjusted -$79,376 for 444 sqft less living space and -$5,900 for being older. Net adjustment: -$85,276.
Adjusted -$84,202 for 471 sqft less living space and -$2,360 for being older. Net adjustment: -$86,562.
The Neighborhood
This home is valued 20.7% 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 +20.7% above the subdivision median.
Tax Analysis
The estimated annual property tax is $7,444 across all districts. With a homestead exemption claimed, that drops to $6,118 — saving $1,326 per year. That's $510 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% | $3,695 |
| Round Rock | City | 0.3720% | $1,539 |
| Williamson County | County | 0.3694% | $1,529 |
| Austin Community College | special | 0.1034% | $428 |
| Williamson County FM/Rd | County | 0.0443% | $183 |
| Upper Brushy Creek WCID | Water | 0.0170% | $70 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $7,444 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $242,905 would pay approximately $1,516 per month (principal and interest only, excluding taxes and insurance).