108 RAINBOW BRIDGE DR S, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $250,298 and $324,569, with a best estimate of $306,582. 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
$306,582
$311,715
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 $250,298 and $324,569. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$17,344 for 72 sqft less living space and -$6,922 for being older. Net adjustment: -$24,266.
Adjusted -$98,766 for 410 sqft less living space and -$31,151 for being older. Net adjustment: -$129,917.
Adjusted -$19,994 for 83 sqft less living space and -$3,461 for being older. Net adjustment: -$23,455.
Adjusted -$91,057 for 378 sqft less living space and -$6,922 for being older. Net adjustment: -$97,979.
Adjusted -$40,952 for 170 sqft less living space and -$34,612 for being older. Net adjustment: -$75,564.
The Neighborhood
This home is valued 16.3% 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 -16.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,175 across all districts. With a homestead exemption claimed, that drops to $4,578 — saving $1,597 per year. That's $382 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% | $3,388 |
| Williamson County | County | 0.3694% | $1,152 |
| Cedar Park | City | 0.3600% | $1,122 |
| Austin Community College | special | 0.1034% | $322 |
| Williamson County FM/Rd | County | 0.0443% | $138 |
| Upper Brushy Creek WCID | Water | 0.0170% | $53 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $6,175 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $306,582 would pay approximately $1,914 per month (principal and interest only, excluding taxes and insurance).