207 RAINBOW BRIDGE DR N, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $239,351 and $494,822, with a best estimate of $282,327. 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
$282,327
$461,626
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 $239,351 and $494,822. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$72,749 for 302 sqft less living space and +$24,228 for being newer. Net adjustment: -$48,521.
Adjusted -$180,428 for 749 sqft less living space. Net adjustment: -$180,428.
Adjusted -$75,399 for 313 sqft less living space and +$27,689 for being newer. Net adjustment: -$47,710.
Adjusted -$96,357 for 400 sqft less living space and -$3,461 for being older. Net adjustment: -$99,818.
Adjusted +$31,075 for 129 sqft more living space and -$3,461 for being older. Net adjustment: +$27,614.
The Neighborhood
This home is valued 24.0% 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 +24.0% above the subdivision median.
Tax Analysis
The estimated annual property tax is $9,145 across all districts. With a homestead exemption claimed, that drops to $7,520 — saving $1,625 per year. That's $627 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% | $5,017 |
| Williamson County | County | 0.3694% | $1,705 |
| Cedar Park | City | 0.3600% | $1,662 |
| Austin Community College | special | 0.1034% | $477 |
| Williamson County FM/Rd | County | 0.0443% | $205 |
| Upper Brushy Creek WCID | Water | 0.0170% | $78 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $9,145 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $282,327 would pay approximately $1,762 per month (principal and interest only, excluding taxes and insurance).