3024 MAGELLAN WAY, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $453,410 and $538,398, with a best estimate of $488,089. That places the property above the R492607C - Paloma Lake - Sec 17A & 17B median of $462,814, in a neighborhood that declined 4.4% over the past year.
Estimated Value Range
$488,089
$447,339
Based on 5 comparable properties(2 in the same subdivision)
There are 5 comparable properties within range, but few are in R492607C - Paloma Lake - Sec 17A & 17B. The estimated range of $453,410 and $538,398 should be treated as a rough guide.
Comparable Properties (5)
Adjusted +$66,998 for 309 sqft more living space. Net adjustment: +$66,998.
Adjusted +$27,103 for 125 sqft more living space and -$13,195 for being older. Net adjustment: +$13,908.
Adjusted -$14,961 for 69 sqft less living space and +$19,793 for being newer. Net adjustment: +$4,832.
Adjusted +$28,837 for 133 sqft more living space and +$19,793 for being newer. Net adjustment: +$48,630.
Adjusted +$64,179 for 296 sqft more living space and +$26,390 for being newer. Net adjustment: +$90,569.
The Neighborhood
This home is valued 3.3% below the R492607C - Paloma Lake - Sec 17A & 17B median of $462,814. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 4.4% over the past year.
R492607C - Paloma Lake - Sec 17A & 17B
typicalThis home is -3.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $8,717 across all districts. With a homestead exemption claimed, that drops to $7,384 — saving $1,333 per year. That's $615 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% | $3,995 |
| Paloma Lakes MUD #2 | MUD | 0.4215% | $1,886 |
| Williamson County | County | 0.3694% | $1,653 |
| Austin Community College | special | 0.1034% | $463 |
| Williamson County ESD #9 - Round Rock | ESD | 0.0999% | $447 |
| Williamson County FM/Rd | County | 0.0443% | $198 |
| Upper Brushy Creek WCID | Water | 0.0170% | $76 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9487% | $8,717 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $488,089 would pay approximately $3,047 per month (principal and interest only, excluding taxes and insurance).