200 RAINBOW BRIDGE DR N, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $243,257 and $477,554, with a best estimate of $277,336. 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
$277,336
$298,435
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 $243,257 and $477,554. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$55,405 for 230 sqft less living space and -$10,384 for being older. Net adjustment: -$65,789.
Adjusted -$58,055 for 241 sqft less living space and -$6,922 for being older. Net adjustment: -$64,977.
Adjusted -$129,118 for 536 sqft less living space and -$10,384 for being older. Net adjustment: -$139,502.
Adjusted -$79,013 for 328 sqft less living space and -$38,073 for being older. Net adjustment: -$117,086.
Adjusted +$48,419 for 201 sqft more living space and -$38,073 for being older. Net adjustment: +$10,346.
The Neighborhood
This home is valued 19.9% 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 -19.9% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,912 across all districts. With a homestead exemption claimed, that drops to $4,317 — saving $1,595 per year. That's $360 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% | $3,244 |
| Williamson County | County | 0.3694% | $1,103 |
| Cedar Park | City | 0.3600% | $1,074 |
| Austin Community College | special | 0.1034% | $309 |
| Williamson County FM/Rd | County | 0.0443% | $132 |
| Upper Brushy Creek WCID | Water | 0.0170% | $51 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $5,912 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $277,336 would pay approximately $1,731 per month (principal and interest only, excluding taxes and insurance).