304 RAINBOW BRIDGE DR N, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $232,911 and $511,859, with a best estimate of $256,923. 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
$256,923
$467,208
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $232,911 and $511,859. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$103,825 for 431 sqft less living space and +$27,689 for being newer. Net adjustment: -$76,136.
Adjusted +$3,372 for 14 sqft more living space. Net adjustment: +$3,372.
Adjusted -$106,474 for 442 sqft less living space and +$31,151 for being newer. Net adjustment: -$75,323.
Adjusted -$127,432 for 529 sqft less living space. Net adjustment: -$127,432.
Adjusted -$94,912 for 394 sqft less living space and +$34,612 for being newer. Net adjustment: -$60,300.
The Neighborhood
This home is valued 25.5% 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 +25.5% above the subdivision median.
Tax Analysis
The estimated annual property tax is $9,256 across all districts. With a homestead exemption claimed, that drops to $7,630 — saving $1,626 per year. That's $636 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% | $5,078 |
| Williamson County | County | 0.3694% | $1,726 |
| Cedar Park | City | 0.3600% | $1,682 |
| Austin Community College | special | 0.1034% | $483 |
| Williamson County FM/Rd | County | 0.0443% | $207 |
| Upper Brushy Creek WCID | Water | 0.0170% | $79 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $9,256 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $256,923 would pay approximately $1,604 per month (principal and interest only, excluding taxes and insurance).