300 RAINBOW BRIDGE DR N, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $298,757 and $394,422, with a best estimate of $339,169. 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
$339,169
$360,343
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 $298,757 and $394,422. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$23,607 for 98 sqft more living space and +$27,689 for being newer. Net adjustment: +$51,296.
Adjusted -$84,071 for 349 sqft less living space and +$3,461 for being newer. Net adjustment: -$80,610.
Adjusted -$57,814 for 240 sqft less living space and +$3,461 for being newer. Net adjustment: -$54,353.
Adjusted -$118,519 for 492 sqft less living space and +$3,461 for being newer. Net adjustment: -$115,058.
Adjusted +$20,958 for 87 sqft more living space and +$31,151 for being newer. Net adjustment: +$52,109.
The Neighborhood
This home is valued 3.2% 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 -3.2% below the subdivision median.
Tax Analysis
The estimated annual property tax is $7,139 across all districts. With a homestead exemption claimed, that drops to $5,532 — saving $1,607 per year. That's $461 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% | $3,917 |
| Williamson County | County | 0.3694% | $1,331 |
| Cedar Park | City | 0.3600% | $1,297 |
| Austin Community College | special | 0.1034% | $373 |
| Williamson County FM/Rd | County | 0.0443% | $160 |
| Upper Brushy Creek WCID | Water | 0.0170% | $61 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $7,139 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $339,169 would pay approximately $2,117 per month (principal and interest only, excluding taxes and insurance).