111 RAINBOW BRIDGE DR S, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $287,290 and $383,363, with a best estimate of $327,080. 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
$327,080
$437,474
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 $287,290 and $383,363. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$52,515 for 218 sqft more living space. Net adjustment: +$52,515.
Adjusted -$55,164 for 229 sqft less living space and -$24,228 for being older. Net adjustment: -$79,392.
Adjusted -$172,961 for 718 sqft less living space and -$24,228 for being older and -$13,976 for no pool. Net adjustment: -$211,165.
Adjusted -$28,907 for 120 sqft less living space and -$24,228 for being older. Net adjustment: -$53,135.
Adjusted -$89,612 for 372 sqft less living space and -$24,228 for being older. Net adjustment: -$113,840.
The Neighborhood
This home is valued 17.5% 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 +17.5% above the subdivision median.
Tax Analysis
The estimated annual property tax is $8,667 across all districts. With a homestead exemption claimed, that drops to $7,046 — saving $1,621 per year. That's $587 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% | $4,755 |
| Williamson County | County | 0.3694% | $1,616 |
| Cedar Park | City | 0.3600% | $1,575 |
| Austin Community College | special | 0.1034% | $452 |
| Williamson County FM/Rd | County | 0.0443% | $194 |
| Upper Brushy Creek WCID | Water | 0.0170% | $74 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $8,667 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $327,080 would pay approximately $2,042 per month (principal and interest only, excluding taxes and insurance).