3521 PENELOPE WAY, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $324,609 and $433,057, with a best estimate of $346,701. That places the property below the R493607C - PALOMA LAKE SEC 18 median of $387,915, in a neighborhood that declined 9.2% over the past year.
Estimated Value Range
$346,701
$340,450
Based on 5 comparable properties(1 in the same subdivision)
There are 5 comparable properties within range, but few are in R493607C - PALOMA LAKE SEC 18. The estimated range of $324,609 and $433,057 should be treated as a rough guide.
Comparable Properties (5)
Adjusted -$27,020 for 135 sqft less living space. Net adjustment: -$27,020.
Adjusted -$91,267 for 456 sqft less living space and +$5,275 for being newer. Net adjustment: -$85,992.
Adjusted +$42,231 for 211 sqft more living space and -$10,022 for being older. Net adjustment: +$32,209.
Adjusted -$40,029 for 200 sqft less living space and +$1,582 for being newer. Net adjustment: -$38,447.
Adjusted -$149,310 for 746 sqft less living space and +$5,802 for being newer. Net adjustment: -$143,508.
The Neighborhood
This home is valued 12.2% below the R493607C - PALOMA LAKE SEC 18 median of $387,915. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 9.2% over the past year.
R493607C - PALOMA LAKE SEC 18
typicalThis home is -12.2% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,634 across all districts. With a homestead exemption claimed, that drops to $5,321 — saving $1,313 per year. That's $443 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% | $3,041 |
| Paloma Lakes MUD #2 | MUD | 0.4215% | $1,435 |
| Williamson County | County | 0.3694% | $1,258 |
| Austin Community College | special | 0.1034% | $352 |
| Williamson County ESD #9 - Round Rock | ESD | 0.0999% | $340 |
| Williamson County FM/Rd | County | 0.0443% | $151 |
| Upper Brushy Creek WCID | Water | 0.0170% | $58 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9487% | $6,634 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $346,701 would pay approximately $2,164 per month (principal and interest only, excluding taxes and insurance).