402 RAINBOW BRIDGE DR N, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $258,049 and $466,219, with a best estimate of $442,308. 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
$442,308
$416,034
Based on 5 comparable properties(3 in the same subdivision)
Based on 5 comparable properties (3 in the same subdivision, 2 nearby), the estimated range is $258,049 and $466,219. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$21,439 for 89 sqft less living space and -$3,461 for being older. Net adjustment: -$24,900.
Adjusted -$25,294 for 105 sqft less living space and -$6,922 for being older and -$13,976 for no pool. Net adjustment: -$46,192.
Adjusted -$27,943 for 116 sqft less living space and -$6,922 for being older. Net adjustment: -$34,865.
Adjusted -$23,848 for 99 sqft less living space. Net adjustment: -$23,848.
Adjusted -$75,158 for 312 sqft less living space and +$24,228 for being newer. Net adjustment: -$50,930.
The Neighborhood
This home is valued 11.7% 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 +11.7% above the subdivision median.
Tax Analysis
The estimated annual property tax is $8,242 across all districts. With a homestead exemption claimed, that drops to $6,625 — saving $1,617 per year. That's $552 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% | $4,522 |
| Williamson County | County | 0.3694% | $1,537 |
| Cedar Park | City | 0.3600% | $1,498 |
| Austin Community College | special | 0.1034% | $430 |
| Williamson County FM/Rd | County | 0.0443% | $184 |
| Upper Brushy Creek WCID | Water | 0.0170% | $71 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $8,242 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $442,308 would pay approximately $2,761 per month (principal and interest only, excluding taxes and insurance).