1200 RAINBOW PARKE DR, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $282,116 and $320,199, with a best estimate of $313,952. 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
$313,952
$329,156
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 $282,116 and $320,199. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$11,978 for 67 sqft less living space and -$1,180 for being older. Net adjustment: -$13,158.
Adjusted -$18,771 for 105 sqft less living space and -$2,360 for being older. Net adjustment: -$21,131.
Adjusted -$8,581 for 48 sqft less living space and -$3,540 for being older. Net adjustment: -$12,121.
Adjusted -$62,034 for 347 sqft less living space and -$1,180 for being older. Net adjustment: -$63,214.
Adjusted -$32,716 for 183 sqft less living space and -$4,720 for being older. Net adjustment: -$37,436.
The Neighborhood
This home is valued 4.0% 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 -4.0% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,922 across all districts. With a homestead exemption claimed, that drops to $4,611 — saving $1,311 per year. That's $384 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% | $2,940 |
| Round Rock | City | 0.3720% | $1,224 |
| Williamson County | County | 0.3694% | $1,216 |
| Austin Community College | special | 0.1034% | $340 |
| Williamson County FM/Rd | County | 0.0443% | $146 |
| Upper Brushy Creek WCID | Water | 0.0170% | $56 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $5,922 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $313,952 would pay approximately $1,960 per month (principal and interest only, excluding taxes and insurance).