1501 RAINBOW PARKE DR, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $243,493 and $421,917, with a best estimate of $245,118. 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
$245,118
$436,206
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 $243,493 and $421,917. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$88,672 for 496 sqft less living space and -$1,180 for being older and +$6,235 for having a pool. Net adjustment: -$83,617.
Adjusted -$95,465 for 534 sqft less living space and -$2,360 for being older and +$6,235 for having a pool. Net adjustment: -$91,590.
Adjusted -$85,275 for 477 sqft less living space and -$3,540 for being older and +$6,235 for having a pool. Net adjustment: -$82,580.
Adjusted +$19,665 for 110 sqft more living space and -$2,360 for being older and +$6,235 for having a pool. Net adjustment: +$23,540.
Adjusted -$89,029 for 498 sqft less living space and +$6,235 for having a pool. Net adjustment: -$82,794.
The Neighborhood
This home is valued 27.2% 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 +27.2% above the subdivision median.
Tax Analysis
The estimated annual property tax is $7,849 across all districts. With a homestead exemption claimed, that drops to $6,518 — saving $1,331 per year. That's $543 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% | $3,896 |
| Round Rock | City | 0.3720% | $1,623 |
| Williamson County | County | 0.3694% | $1,612 |
| Austin Community College | special | 0.1034% | $451 |
| Williamson County FM/Rd | County | 0.0443% | $193 |
| Upper Brushy Creek WCID | Water | 0.0170% | $74 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $7,849 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $245,118 would pay approximately $1,530 per month (principal and interest only, excluding taxes and insurance).