3705 PENELOPE WAY, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $285,511 and $434,100, with a best estimate of $333,148. That places the property below the R493607C - PALOMA LAKE SEC 18 median of $387,915, in a neighborhood that declined 9.2% over the past year.
Estimated Value Range
$333,148
$377,377
Based on 5 comparable properties(2 in the same subdivision)
There are 5 comparable properties within range, but few are in R493607C - PALOMA LAKE SEC 18. The estimated range of $285,511 and $434,100 should be treated as a rough guide.
Comparable Properties (5)
Adjusted -$44,633 for 223 sqft less living space. Net adjustment: -$44,633.
Adjusted -$66,649 for 333 sqft less living space. Net adjustment: -$66,649.
Adjusted -$26,419 for 132 sqft less living space and -$7,912 for being older. Net adjustment: -$34,331.
Adjusted -$28,821 for 144 sqft less living space and -$7,912 for being older. Net adjustment: -$36,733.
Adjusted +$19,414 for 97 sqft more living space and -$10,550 for being older. Net adjustment: +$8,864.
The Neighborhood
This home is valued 2.7% 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 -2.7% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,354 across all districts. With a homestead exemption claimed, that drops to $6,034 — saving $1,320 per year. That's $503 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% | $3,370 |
| Paloma Lakes MUD #2 | MUD | 0.4215% | $1,591 |
| Williamson County | County | 0.3694% | $1,394 |
| Austin Community College | special | 0.1034% | $390 |
| Williamson County ESD #9 - Round Rock | ESD | 0.0999% | $377 |
| Williamson County FM/Rd | County | 0.0443% | $167 |
| Upper Brushy Creek WCID | Water | 0.0170% | $64 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9487% | $7,354 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $333,148 would pay approximately $2,079 per month (principal and interest only, excluding taxes and insurance).