311 RAINBOW BRIDGE DR N, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $313,122 and $408,786, with a best estimate of $353,534. 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
$353,534
$376,261
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 $313,122 and $408,786. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$41,433 for 172 sqft more living space and +$24,228 for being newer. Net adjustment: +$65,661.
Adjusted -$66,245 for 275 sqft less living space. Net adjustment: -$66,245.
Adjusted -$39,988 for 166 sqft less living space. Net adjustment: -$39,988.
Adjusted -$100,693 for 418 sqft less living space. Net adjustment: -$100,693.
Adjusted +$38,784 for 161 sqft more living space and +$27,689 for being newer. Net adjustment: +$66,473.
The Neighborhood
This home is in line with the L375482H - Park Place Sec 1 & 2 median of $372,368. Note that values in this subdivision declined 1.7% over the past year.
L375482H - Park Place Sec 1 & 2
typicalThis home is +1.0% above the subdivision median.
Tax Analysis
The estimated annual property tax is $7,454 across all districts. With a homestead exemption claimed, that drops to $5,845 — saving $1,609 per year. That's $487 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% | $4,090 |
| Williamson County | County | 0.3694% | $1,390 |
| Cedar Park | City | 0.3600% | $1,355 |
| Austin Community College | special | 0.1034% | $389 |
| Williamson County FM/Rd | County | 0.0443% | $167 |
| Upper Brushy Creek WCID | Water | 0.0170% | $64 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $7,454 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $353,534 would pay approximately $2,207 per month (principal and interest only, excluding taxes and insurance).