1225 RAINBOW PARKE DR, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $318,407 and $356,490, with a best estimate of $350,243. 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
$350,243
$346,100
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 $318,407 and $356,490. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$18,414 for 103 sqft more living space and +$4,720 for being newer. Net adjustment: +$23,134.
Adjusted +$11,620 for 65 sqft more living space and +$3,540 for being newer. Net adjustment: +$15,160.
Adjusted +$21,810 for 122 sqft more living space and +$2,360 for being newer. Net adjustment: +$24,170.
Adjusted -$31,643 for 177 sqft less living space and +$4,720 for being newer. Net adjustment: -$26,923.
Adjusted -$2,324 for 13 sqft less living space and +$1,180 for being newer. Net adjustment: -$1,144.
The Neighborhood
This home is in line with the R457404G - RAINBOW PARKE median of $342,797. Note that values in this subdivision declined 7.4% over the past year.
R457404G - RAINBOW PARKE
typicalThis home is +1.0% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,227 across all districts. With a homestead exemption claimed, that drops to $4,913 — saving $1,314 per year. That's $409 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% | $3,091 |
| Round Rock | City | 0.3720% | $1,287 |
| Williamson County | County | 0.3694% | $1,279 |
| Austin Community College | special | 0.1034% | $358 |
| Williamson County FM/Rd | County | 0.0443% | $153 |
| Upper Brushy Creek WCID | Water | 0.0170% | $59 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $6,227 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $350,243 would pay approximately $2,186 per month (principal and interest only, excluding taxes and insurance).