305 RAINBOW BRIDGE DR N, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $247,059 and $502,531, with a best estimate of $290,035. 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
$290,035
$466,818
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 $247,059 and $502,531. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$65,041 for 270 sqft less living space and +$24,228 for being newer. Net adjustment: -$40,813.
Adjusted -$172,720 for 717 sqft less living space. Net adjustment: -$172,720.
Adjusted -$67,691 for 281 sqft less living space and +$27,689 for being newer. Net adjustment: -$40,002.
Adjusted -$88,648 for 368 sqft less living space and -$3,461 for being older. Net adjustment: -$92,109.
Adjusted +$38,784 for 161 sqft more living space and -$3,461 for being older. Net adjustment: +$35,323.
The Neighborhood
This home is valued 25.4% 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
above averageThis home is +25.4% above the subdivision median.
Tax Analysis
The estimated annual property tax is $9,248 across all districts. With a homestead exemption claimed, that drops to $7,622 — saving $1,626 per year. That's $635 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% | $5,074 |
| Williamson County | County | 0.3694% | $1,725 |
| Cedar Park | City | 0.3600% | $1,681 |
| Austin Community College | special | 0.1034% | $483 |
| Williamson County FM/Rd | County | 0.0443% | $207 |
| Upper Brushy Creek WCID | Water | 0.0170% | $79 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $9,248 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $290,035 would pay approximately $1,810 per month (principal and interest only, excluding taxes and insurance).