109 RAINBOW BRIDGE DR S, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $312,122 and $407,785, with a best estimate of $352,533. 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
$352,533
$358,044
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 $312,122 and $407,785. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$88,889 for 369 sqft more living space and -$24,228 for being older. Net adjustment: +$64,661.
Adjusted -$18,790 for 78 sqft less living space and -$48,456 for being older. Net adjustment: -$67,246.
Adjusted +$7,468 for 31 sqft more living space and -$48,456 for being older. Net adjustment: -$40,988.
Adjusted -$53,237 for 221 sqft less living space and -$48,456 for being older. Net adjustment: -$101,693.
Adjusted +$86,239 for 358 sqft more living space and -$20,767 for being older. Net adjustment: +$65,472.
The Neighborhood
This home is valued 3.8% 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 -3.8% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,093 across all districts. With a homestead exemption claimed, that drops to $5,487 — saving $1,606 per year. That's $457 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% | $3,892 |
| Williamson County | County | 0.3694% | $1,323 |
| Cedar Park | City | 0.3600% | $1,289 |
| 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 | 1.9811% | $7,093 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $352,533 would pay approximately $2,201 per month (principal and interest only, excluding taxes and insurance).