1201 RAINBOW CV, ROUND ROCK, TX 78665
ROUND ROCK, 78665 — williamson County
Property at a Glance
This home is estimated between $338,215 and $376,298, with a best estimate of $370,051. That places the property above the R457404G - RAINBOW PARKE median of $342,797, in a neighborhood that declined 7.4% over the past year.
Estimated Value Range
$370,051
$357,685
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 $338,215 and $376,298. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$40,582 for 227 sqft more living space and +$2,360 for being newer. Net adjustment: +$42,942.
Adjusted +$33,788 for 189 sqft more living space and +$1,180 for being newer. Net adjustment: +$34,968.
Adjusted +$43,978 for 246 sqft more living space. Net adjustment: +$43,978.
Adjusted -$9,475 for 53 sqft less living space and +$2,360 for being newer. Net adjustment: -$7,115.
Adjusted +$19,844 for 111 sqft more living space and -$1,180 for being older. Net adjustment: +$18,664.
The Neighborhood
This home is valued 4.3% 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
typicalThis home is +4.3% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,436 across all districts. With a homestead exemption claimed, that drops to $5,119 — saving $1,317 per year. That's $427 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% | $3,194 |
| Round Rock | City | 0.3720% | $1,331 |
| Williamson County | County | 0.3694% | $1,321 |
| Austin Community College | special | 0.1034% | $370 |
| Williamson County FM/Rd | County | 0.0443% | $159 |
| Upper Brushy Creek WCID | Water | 0.0170% | $61 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7993% | $6,436 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $370,051 would pay approximately $2,310 per month (principal and interest only, excluding taxes and insurance).