201 RAINBOW BRIDGE DR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $253,671 and $327,941, with a best estimate of $309,954. That places the property below the L375482H - Park Place Sec 1 & 2 median of $372,368, in a neighborhood that declined 1.7% over the past year.
Estimated Value Range
$309,954
$335,042
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L375482H - Park Place Sec 1 & 2, this home's estimated market value is between $253,671 and $327,941. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$13,972 for 58 sqft less living space and -$6,922 for being older. Net adjustment: -$20,894.
Adjusted -$95,393 for 396 sqft less living space and -$31,151 for being older. Net adjustment: -$126,544.
Adjusted -$16,622 for 69 sqft less living space and -$3,461 for being older. Net adjustment: -$20,083.
Adjusted -$87,685 for 364 sqft less living space and -$6,922 for being older. Net adjustment: -$94,607.
Adjusted -$37,579 for 156 sqft less living space and -$34,612 for being older. Net adjustment: -$72,191.
The Neighborhood
This home is valued 10.0% below the L375482H - Park Place Sec 1 & 2 median of $372,368. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 1.7% over the past year.
L375482H - Park Place Sec 1 & 2
typicalThis home is -10.0% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,637 across all districts. With a homestead exemption claimed, that drops to $5,036 — saving $1,601 per year. That's $420 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 |
|---|---|---|---|
| Leander ISD | School | 1.0869% | $3,642 |
| Williamson County | County | 0.3694% | $1,238 |
| Cedar Park | City | 0.3600% | $1,206 |
| Austin Community College | special | 0.1034% | $346 |
| Williamson County FM/Rd | County | 0.0443% | $149 |
| Upper Brushy Creek WCID | Water | 0.0170% | $57 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $6,637 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $309,954 would pay approximately $1,935 per month (principal and interest only, excluding taxes and insurance).