204 RAINBOW BRIDGE DR N, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $274,565 and $543,344, with a best estimate of $343,124. 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
$343,124
$330,848
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 $274,565 and $543,344. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$81,422 for 338 sqft less living space and -$24,228 for being older. Net adjustment: -$105,650.
Adjusted -$2,650 for 11 sqft less living space and +$3,461 for being newer. Net adjustment: +$811.
Adjusted -$73,713 for 306 sqft less living space. Net adjustment: -$73,713.
Adjusted -$23,607 for 98 sqft less living space and -$27,689 for being older. Net adjustment: -$51,296.
Adjusted +$103,825 for 431 sqft more living space and -$27,689 for being older. Net adjustment: +$76,136.
The Neighborhood
This home is valued 11.2% 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 -11.2% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,554 across all districts. With a homestead exemption claimed, that drops to $4,954 — saving $1,600 per year. That's $413 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% | $3,596 |
| Williamson County | County | 0.3694% | $1,222 |
| Cedar Park | City | 0.3600% | $1,191 |
| Austin Community College | special | 0.1034% | $342 |
| Williamson County FM/Rd | County | 0.0443% | $147 |
| Upper Brushy Creek WCID | Water | 0.0170% | $56 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $6,554 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $343,124 would pay approximately $2,142 per month (principal and interest only, excluding taxes and insurance).