3501 PENELOPE WAY, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $338,570 and $538,613, with a best estimate of $510,403. That places the property above the R493607C - PALOMA LAKE SEC 18 median of $387,915, in a neighborhood that declined 9.2% over the past year.
Estimated Value Range
$510,403
$453,831
Based on 5 comparable properties(0 in the same subdivision)
There are 5 comparable properties within range, but none are in R493607C - PALOMA LAKE SEC 18. The estimated range of $338,570 and $538,613 should be treated as a rough guide.
Comparable Properties (5)
Adjusted +$26,419 for 132 sqft more living space and -$2,110 for being older. Net adjustment: +$24,309.
Adjusted +$28,021 for 140 sqft more living space and -$2,110 for being older. Net adjustment: +$25,911.
Adjusted +$37,227 for 186 sqft more living space and -$2,110 for being older. Net adjustment: +$35,117.
Adjusted +$37,227 for 186 sqft more living space and -$2,110 for being older. Net adjustment: +$35,117.
Adjusted -$3,402 for 17 sqft less living space and -$2,110 for being older. Net adjustment: -$5,512.
The Neighborhood
This home is valued 17.0% above the R493607C - PALOMA LAKE SEC 18 median of $387,915. With 295 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 9.2% over the past year.
R493607C - PALOMA LAKE SEC 18
above averageThis home is +17.0% above the subdivision median.
Tax Analysis
The estimated annual property tax is $8,844 across all districts. With a homestead exemption claimed, that drops to $7,510 — saving $1,334 per year. That's $626 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% | $4,053 |
| Paloma Lakes MUD #2 | MUD | 0.4215% | $1,913 |
| Williamson County | County | 0.3694% | $1,677 |
| Austin Community College | special | 0.1034% | $469 |
| Williamson County ESD #9 - Round Rock | ESD | 0.0999% | $453 |
| Williamson County FM/Rd | County | 0.0443% | $201 |
| Upper Brushy Creek WCID | Water | 0.0170% | $77 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9487% | $8,844 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $510,403 would pay approximately $3,186 per month (principal and interest only, excluding taxes and insurance).