206 RAINBOW BRIDGE DR N, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $282,301 and $377,965, with a best estimate of $322,713. 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
$322,713
$341,308
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 $282,301 and $377,965. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$38,302 for 159 sqft more living space and -$3,461 for being older. Net adjustment: +$34,841.
Adjusted -$69,377 for 288 sqft less living space and -$27,689 for being older. Net adjustment: -$97,066.
Adjusted -$43,120 for 179 sqft less living space and -$27,689 for being older. Net adjustment: -$70,809.
Adjusted -$103,825 for 431 sqft less living space and -$27,689 for being older. Net adjustment: -$131,514.
Adjusted +$35,652 for 148 sqft more living space. Net adjustment: +$35,652.
The Neighborhood
This home is valued 8.3% 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
typicalThis home is -8.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,762 across all districts. With a homestead exemption claimed, that drops to $5,159 — saving $1,603 per year. That's $430 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% | $3,710 |
| Williamson County | County | 0.3694% | $1,261 |
| Cedar Park | City | 0.3600% | $1,229 |
| Austin Community College | special | 0.1034% | $353 |
| Williamson County FM/Rd | County | 0.0443% | $151 |
| Upper Brushy Creek WCID | Water | 0.0170% | $58 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $6,762 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $322,713 would pay approximately $2,014 per month (principal and interest only, excluding taxes and insurance).