408 RAINBOW BRIDGE DR N, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $288,069 and $383,733, with a best estimate of $328,481. 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
$328,481
$358,338
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 $288,069 and $383,733. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$16,381 for 68 sqft more living space and +$24,228 for being newer. Net adjustment: +$40,609.
Adjusted -$91,298 for 379 sqft less living space. Net adjustment: -$91,298.
Adjusted -$65,041 for 270 sqft less living space. Net adjustment: -$65,041.
Adjusted -$125,746 for 522 sqft less living space. Net adjustment: -$125,746.
Adjusted +$13,731 for 57 sqft more living space and +$27,689 for being newer. Net adjustment: +$41,420.
The Neighborhood
This home is valued 3.8% 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 -3.8% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,099 across all districts. With a homestead exemption claimed, that drops to $5,493 — saving $1,606 per year. That's $458 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% | $3,895 |
| Williamson County | County | 0.3694% | $1,324 |
| Cedar Park | City | 0.3600% | $1,290 |
| Austin Community College | special | 0.1034% | $371 |
| Williamson County FM/Rd | County | 0.0443% | $159 |
| Upper Brushy Creek WCID | Water | 0.0170% | $61 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $7,099 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $328,481 would pay approximately $2,050 per month (principal and interest only, excluding taxes and insurance).