3605 PENELOPE WAY, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $386,950 and $465,438, with a best estimate of $391,956. That places the property above the R493607C - PALOMA LAKE SEC 18 median of $387,915, in a neighborhood that declined 9.2% over the past year.
Estimated Value Range
$391,956
$382,847
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $386,950 and $465,438. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$56,642 for 283 sqft more living space. Net adjustment: +$56,642.
Adjusted +$6,205 for 31 sqft more living space and +$527 for being newer. Net adjustment: +$6,732.
Adjusted +$20,615 for 103 sqft more living space. Net adjustment: +$20,615.
Adjusted +$57,642 for 288 sqft more living space. Net adjustment: +$57,642.
Adjusted -$15,411 for 77 sqft less living space and +$6,330 for being newer. Net adjustment: -$9,081.
The Neighborhood
This home is valued 1.3% below the R493607C - PALOMA LAKE SEC 18 median of $387,915. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 9.2% over the past year.
R493607C - PALOMA LAKE SEC 18
typicalThis home is -1.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,460 across all districts. With a homestead exemption claimed, that drops to $6,139 — saving $1,321 per year. That's $512 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% | $3,419 |
| Paloma Lakes MUD #2 | MUD | 0.4215% | $1,614 |
| Williamson County | County | 0.3694% | $1,414 |
| Austin Community College | special | 0.1034% | $396 |
| Williamson County ESD #9 - Round Rock | ESD | 0.0999% | $383 |
| Williamson County FM/Rd | County | 0.0443% | $170 |
| Upper Brushy Creek WCID | Water | 0.0170% | $65 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9487% | $7,460 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $391,956 would pay approximately $2,447 per month (principal and interest only, excluding taxes and insurance).