107 RAINBOW BRIDGE DR N, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $224,460 and $298,729, with a best estimate of $280,742. 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
$280,742
$308,979
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 $224,460 and $298,729. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$50,106 for 208 sqft less living space. Net adjustment: -$50,106.
Adjusted -$131,527 for 546 sqft less living space and -$24,228 for being older. Net adjustment: -$155,755.
Adjusted -$52,755 for 219 sqft less living space and +$3,461 for being newer. Net adjustment: -$49,294.
Adjusted -$123,819 for 514 sqft less living space. Net adjustment: -$123,819.
Adjusted -$73,713 for 306 sqft less living space and -$27,689 for being older. Net adjustment: -$101,402.
The Neighborhood
This home is valued 17.0% 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
below averageThis home is -17.0% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,121 across all districts. With a homestead exemption claimed, that drops to $4,524 — saving $1,597 per year. That's $377 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% | $3,358 |
| Williamson County | County | 0.3694% | $1,142 |
| Cedar Park | City | 0.3600% | $1,112 |
| Austin Community College | special | 0.1034% | $319 |
| Williamson County FM/Rd | County | 0.0443% | $137 |
| Upper Brushy Creek WCID | Water | 0.0170% | $53 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $6,121 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $280,742 would pay approximately $1,752 per month (principal and interest only, excluding taxes and insurance).