107 RAINBOW BRIDGE DR S, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $345,054 and $459,113, with a best estimate of $384,844. 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
$384,844
$411,010
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 $345,054 and $459,113. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$23,367 for 97 sqft more living space and -$44,995 for being older. Net adjustment: -$21,628.
Adjusted -$94,430 for 392 sqft less living space and -$44,995 for being older and -$13,976 for no pool. Net adjustment: -$153,401.
Adjusted +$49,624 for 206 sqft more living space and -$44,995 for being older. Net adjustment: +$4,629.
Adjusted -$11,081 for 46 sqft less living space and -$44,995 for being older. Net adjustment: -$56,076.
Adjusted +$57,332 for 238 sqft more living space and -$20,767 for being older. Net adjustment: +$36,565.
The Neighborhood
This home is valued 10.4% 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
typicalThis home is +10.4% above the subdivision median.
Tax Analysis
The estimated annual property tax is $8,142 across all districts. With a homestead exemption claimed, that drops to $6,527 — saving $1,615 per year. That's $544 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% | $4,467 |
| Williamson County | County | 0.3694% | $1,518 |
| Cedar Park | City | 0.3600% | $1,480 |
| Austin Community College | special | 0.1034% | $425 |
| Williamson County FM/Rd | County | 0.0443% | $182 |
| Upper Brushy Creek WCID | Water | 0.0170% | $70 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $8,142 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $384,844 would pay approximately $2,402 per month (principal and interest only, excluding taxes and insurance).