302 N RAINBOW BRIDGE DR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $387,399 and $501,459, with a best estimate of $427,189. 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
$427,189
$424,852
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 $387,399 and $501,459. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$20,717 for 86 sqft more living space. Net adjustment: +$20,717.
Adjusted -$97,080 for 403 sqft less living space and -$13,976 for no pool. Net adjustment: -$111,056.
Adjusted +$46,974 for 195 sqft more living space. Net adjustment: +$46,974.
Adjusted -$13,731 for 57 sqft less living space. Net adjustment: -$13,731.
Adjusted +$54,683 for 227 sqft more living space and +$24,228 for being newer. Net adjustment: +$78,911.
The Neighborhood
This home is valued 14.1% 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 +14.1% above the subdivision median.
Tax Analysis
The estimated annual property tax is $8,417 across all districts. With a homestead exemption claimed, that drops to $6,799 — saving $1,618 per year. That's $567 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% | $4,618 |
| Williamson County | County | 0.3694% | $1,570 |
| Cedar Park | City | 0.3600% | $1,529 |
| Austin Community College | special | 0.1034% | $439 |
| Williamson County FM/Rd | County | 0.0443% | $188 |
| Upper Brushy Creek WCID | Water | 0.0170% | $72 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $8,417 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $427,189 would pay approximately $2,667 per month (principal and interest only, excluding taxes and insurance).