307 RAINBOW BRIDGE DR N, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $511,140 and $551,551, with a best estimate of $538,245. That places the property above 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
$538,245
$498,455
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 $511,140 and $551,551. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$117,796 for 489 sqft more living space and +$13,976 for having a pool. Net adjustment: +$131,772.
Adjusted +$144,054 for 598 sqft more living space and +$13,976 for having a pool. Net adjustment: +$158,030.
Adjusted +$83,349 for 346 sqft more living space and +$13,976 for having a pool. Net adjustment: +$97,325.
Adjusted +$105,029 for 436 sqft more living space and +$13,976 for having a pool. Net adjustment: +$119,005.
Adjusted +$49,624 for 206 sqft more living space and +$34,612 for being newer and +$13,976 for having a pool and +$13,028 for having a garage. Net adjustment: +$111,240.
The Neighborhood
This home is valued 33.9% 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 +33.9% above the subdivision median.
Tax Analysis
The estimated annual property tax is $9,875 across all districts. With a homestead exemption claimed, that drops to $8,243 — saving $1,632 per year. That's $687 per month a buyer should budget. The assessed value increased +8.0% vs the subdivision average of -1.7%. This above-average increase gives a protest opportunity score of 64 out of 100 — it may be worth challenging the appraisal.
Tax Districts
| District | Type | Rate | Annual Amount |
|---|---|---|---|
| Leander ISD | School | 1.0869% | $5,418 |
| Williamson County | County | 0.3694% | $1,842 |
| Cedar Park | City | 0.3600% | $1,794 |
| Austin Community College | special | 0.1034% | $515 |
| Williamson County FM/Rd | County | 0.0443% | $221 |
| Upper Brushy Creek WCID | Water | 0.0170% | $85 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $9,875 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $538,245 would pay approximately $3,360 per month (principal and interest only, excluding taxes and insurance).