404 RAINBOW BRIDGE DR N, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $306,859 and $402,522, with a best estimate of $347,270. 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
$347,270
$356,916
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 $306,859 and $402,522. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$35,170 for 146 sqft more living space and +$24,228 for being newer. Net adjustment: +$59,398.
Adjusted -$72,509 for 301 sqft less living space. Net adjustment: -$72,509.
Adjusted -$46,251 for 192 sqft less living space. Net adjustment: -$46,251.
Adjusted -$106,956 for 444 sqft less living space. Net adjustment: -$106,956.
Adjusted +$32,520 for 135 sqft more living space and +$27,689 for being newer. Net adjustment: +$60,209.
The Neighborhood
This home is valued 4.1% 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 -4.1% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,071 across all districts. With a homestead exemption claimed, that drops to $5,465 — saving $1,606 per year. That's $455 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% | $3,879 |
| Williamson County | County | 0.3694% | $1,319 |
| Cedar Park | City | 0.3600% | $1,285 |
| Austin Community College | special | 0.1034% | $369 |
| Williamson County FM/Rd | County | 0.0443% | $158 |
| Upper Brushy Creek WCID | Water | 0.0170% | $61 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $7,071 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $347,270 would pay approximately $2,168 per month (principal and interest only, excluding taxes and insurance).