205 RAINBOW BRIDGE DR N, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $339,703 and $435,775, with a best estimate of $379,492. That places the property above 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
$379,492
$381,346
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 $339,703 and $435,775. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$80,699 for 335 sqft more living space and +$24,228 for being newer. Net adjustment: +$104,927.
Adjusted -$26,980 for 112 sqft less living space. Net adjustment: -$26,980.
Adjusted -$144,776 for 601 sqft less living space and -$13,976 for no pool. Net adjustment: -$158,752.
Adjusted -$723 for 3 sqft less living space. Net adjustment: -$723.
Adjusted -$61,428 for 255 sqft less living space. Net adjustment: -$61,428.
The Neighborhood
This home is valued 2.4% 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
typicalThis home is +2.4% above the subdivision median.
Tax Analysis
The estimated annual property tax is $7,555 across all districts. With a homestead exemption claimed, that drops to $5,945 — saving $1,610 per year. That's $495 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% | $4,145 |
| Williamson County | County | 0.3694% | $1,409 |
| Cedar Park | City | 0.3600% | $1,373 |
| Austin Community College | special | 0.1034% | $394 |
| Williamson County FM/Rd | County | 0.0443% | $169 |
| Upper Brushy Creek WCID | Water | 0.0170% | $65 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $7,555 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $379,492 would pay approximately $2,369 per month (principal and interest only, excluding taxes and insurance).