106 RAINBOW BRIDGE DR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $243,884 and $318,153, with a best estimate of $300,166. 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
$300,166
$317,315
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 $243,884 and $318,153. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$27,221 for 113 sqft less living space and -$3,461 for being older. Net adjustment: -$30,682.
Adjusted -$108,642 for 451 sqft less living space and -$27,689 for being older. Net adjustment: -$136,331.
Adjusted -$29,871 for 124 sqft less living space. Net adjustment: -$29,871.
Adjusted -$100,934 for 419 sqft less living space and -$3,461 for being older. Net adjustment: -$104,395.
Adjusted -$50,828 for 211 sqft less living space and -$31,151 for being older. Net adjustment: -$81,979.
The Neighborhood
This home is valued 14.8% 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 -14.8% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,286 across all districts. With a homestead exemption claimed, that drops to $4,688 — saving $1,598 per year. That's $391 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% | $3,449 |
| Williamson County | County | 0.3694% | $1,172 |
| Cedar Park | City | 0.3600% | $1,142 |
| Austin Community College | special | 0.1034% | $328 |
| Williamson County FM/Rd | County | 0.0443% | $141 |
| Upper Brushy Creek WCID | Water | 0.0170% | $54 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $6,286 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $300,166 would pay approximately $1,874 per month (principal and interest only, excluding taxes and insurance).