1205 RAINBOW PARKE DR, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $332,173 and $370,256, with a best estimate of $364,009. That places the property above the R457404G - RAINBOW PARKE median of $342,797, in a neighborhood that declined 7.4% over the past year.
Estimated Value Range
$364,009
$347,403
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 $332,173 and $370,256. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$32,179 for 180 sqft more living space and +$4,720 for being newer. Net adjustment: +$36,899.
Adjusted +$25,386 for 142 sqft more living space and +$3,540 for being newer. Net adjustment: +$28,926.
Adjusted +$35,576 for 199 sqft more living space and +$2,360 for being newer. Net adjustment: +$37,936.
Adjusted -$17,877 for 100 sqft less living space and +$4,720 for being newer. Net adjustment: -$13,157.
Adjusted +$11,442 for 64 sqft more living space and +$1,180 for being newer. Net adjustment: +$12,622.
The Neighborhood
This home is valued 1.3% 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
typicalThis home is +1.3% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,251 across all districts. With a homestead exemption claimed, that drops to $4,936 — saving $1,315 per year. That's $411 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% | $3,103 |
| Round Rock | City | 0.3720% | $1,292 |
| Williamson County | County | 0.3694% | $1,283 |
| Austin Community College | special | 0.1034% | $359 |
| Williamson County FM/Rd | County | 0.0443% | $154 |
| Upper Brushy Creek WCID | Water | 0.0170% | $59 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $6,251 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $364,009 would pay approximately $2,272 per month (principal and interest only, excluding taxes and insurance).