400 RAINBOW BRIDGE DR N, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $401,130 and $515,189, with a best estimate of $454,227. That places the property above 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
$454,227
$413,815
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 $401,130 and $515,189. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$34,448 for 143 sqft more living space. Net adjustment: +$34,448.
Adjusted -$83,349 for 346 sqft less living space and -$13,976 for no pool. Net adjustment: -$97,325.
Adjusted +$60,705 for 252 sqft more living space. Net adjustment: +$60,705.
Adjusted +$68,413 for 284 sqft more living space and +$24,228 for being newer. Net adjustment: +$92,641.
Adjusted +$118,519 for 492 sqft more living space and -$3,461 for being older. Net adjustment: +$115,058.
The Neighborhood
This home is valued 11.1% above the L375482H - Park Place Sec 1 & 2 median of $372,368. With 373 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 1.7% over the past year.
L375482H - Park Place Sec 1 & 2
typicalThis home is +11.1% above the subdivision median.
Tax Analysis
The estimated annual property tax is $8,198 across all districts. With a homestead exemption claimed, that drops to $6,582 — saving $1,616 per year. That's $549 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% | $4,498 |
| Williamson County | County | 0.3694% | $1,529 |
| Cedar Park | City | 0.3600% | $1,490 |
| Austin Community College | special | 0.1034% | $428 |
| Williamson County FM/Rd | County | 0.0443% | $183 |
| Upper Brushy Creek WCID | Water | 0.0170% | $70 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $8,198 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $454,227 would pay approximately $2,835 per month (principal and interest only, excluding taxes and insurance).