1221 RAINBOW PARKE DR, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $248,399 and $286,483, with a best estimate of $280,235. 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
$280,235
$411,352
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 $248,399 and $286,483. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$50,414 for 282 sqft less living space and +$3,540 for being newer. Net adjustment: -$46,874.
Adjusted -$57,208 for 320 sqft less living space and +$2,360 for being newer. Net adjustment: -$54,848.
Adjusted -$47,017 for 263 sqft less living space and +$1,180 for being newer. Net adjustment: -$45,837.
Adjusted -$100,471 for 562 sqft less living space and +$3,540 for being newer. Net adjustment: -$96,931.
Adjusted -$71,152 for 398 sqft less living space. Net adjustment: -$71,152.
The Neighborhood
This home is valued 20.0% 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 +20.0% above the subdivision median.
Tax Analysis
The estimated annual property tax is $7,401 across all districts. With a homestead exemption claimed, that drops to $6,075 — saving $1,326 per year. That's $506 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% | $3,674 |
| Round Rock | City | 0.3720% | $1,530 |
| Williamson County | County | 0.3694% | $1,520 |
| Austin Community College | special | 0.1034% | $425 |
| Williamson County FM/Rd | County | 0.0443% | $182 |
| Upper Brushy Creek WCID | Water | 0.0170% | $70 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $7,401 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $280,235 would pay approximately $1,749 per month (principal and interest only, excluding taxes and insurance).