1338 RAINBOW PARKE DR, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $315,475 and $353,558, with a best estimate of $347,311. 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
$347,311
$334,577
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 $315,475 and $353,558. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$20,201 for 113 sqft more living space. Net adjustment: +$20,201.
Adjusted +$13,408 for 75 sqft more living space and -$1,180 for being older. Net adjustment: +$12,228.
Adjusted +$23,598 for 132 sqft more living space and -$2,360 for being older. Net adjustment: +$21,238.
Adjusted -$29,855 for 167 sqft less living space. Net adjustment: -$29,855.
Adjusted -$536 for 3 sqft less living space and -$3,540 for being older. Net adjustment: -$4,076.
The Neighborhood
This home is valued 2.4% below the R457404G - RAINBOW PARKE median of $342,797. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 7.4% over the past year.
R457404G - RAINBOW PARKE
typicalThis home is -2.4% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,020 across all districts. With a homestead exemption claimed, that drops to $4,708 — saving $1,312 per year. That's $392 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% | $2,988 |
| Round Rock | City | 0.3720% | $1,245 |
| Williamson County | County | 0.3694% | $1,236 |
| Austin Community College | special | 0.1034% | $346 |
| Williamson County FM/Rd | County | 0.0443% | $148 |
| Upper Brushy Creek WCID | Water | 0.0170% | $57 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $6,020 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $347,311 would pay approximately $2,168 per month (principal and interest only, excluding taxes and insurance).