103 RAINBOW BRIDGE DR N, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $254,242 and $328,512, with a best estimate of $310,525. 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
$310,525
$314,407
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 $254,242 and $328,512. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$16,862 for 70 sqft less living space and -$3,461 for being older. Net adjustment: -$20,323.
Adjusted -$98,284 for 408 sqft less living space and -$27,689 for being older. Net adjustment: -$125,973.
Adjusted -$19,512 for 81 sqft less living space. Net adjustment: -$19,512.
Adjusted -$90,575 for 376 sqft less living space and -$3,461 for being older. Net adjustment: -$94,036.
Adjusted -$40,470 for 168 sqft less living space and -$31,151 for being older. Net adjustment: -$71,621.
The Neighborhood
This home is valued 15.6% 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 -15.6% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,229 across all districts. With a homestead exemption claimed, that drops to $4,631 — saving $1,598 per year. That's $386 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% | $3,417 |
| Williamson County | County | 0.3694% | $1,162 |
| Cedar Park | City | 0.3600% | $1,132 |
| Austin Community College | special | 0.1034% | $325 |
| Williamson County FM/Rd | County | 0.0443% | $139 |
| Upper Brushy Creek WCID | Water | 0.0170% | $53 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $6,229 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $310,525 would pay approximately $1,938 per month (principal and interest only, excluding taxes and insurance).