- Dallas County
- Richardson TX
- 75081
- Local Area: Spring Ridge 01
Property Overview
WONDERFULLY UPDATED, Move In Ready and then some! Coveted Floor Plan... One and a Half story Home in RichardsonISD!! 3 bedrooms and 2 bathrooms downstairs, Tall Vaulted Living Room with terrific natural light downstairs PLUS large BONUS ROOM UPSTAIRS that could be GAMEROOM, MOVIE ROOM, MUSIC ROOM etc! Recent Remodel with all new WINDOWS (including Patio Door), ROOF, FOUNDATION work with warranty! Updated Lighting fixtures, New vanities, Quartz Countertops, Cabinets, Paint and all new LVP flooring! The spacious living room offers a cozy wood-burning fireplace and attractive wood-beam ceiling creating a warm and inviting atmosphere. BEAUTIFUL Spacious BACKYARD has new fence, new patio, solar lighting and planter boxes too. Conveniently located near schools, shopping, dining, and major highways. This one’s a SHOW STOPPER… you’ll want to snatch it up fast and make it your BEAUTIFUL HOME SWEET HOME! RECENTLY APPRAISED and Priced well Under Appraisal Value so you'll have INSTANT EQUITY!!
Featured spaces
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Property highlights
Year Built 1971
School District Richardson Isd
HOA No HOA
Parking 2-car garage, 2 covered
Architecture Traditional,Detached
Fireplace 1 Fireplaces
Neighborhood Spring Ridge 01
Full Property Details
Property Details
Quick Details
- Price $399,000
- Status Active
- Bedrooms 3
- Bathrooms 2
- Square Feet 1,706 Sq Ft
- Lot Size 0.21 acres
- Lot Size Sq Ft 9,017
- Year Built 1971
- Price / Sq Ft $234 / Sq Ft
- MLS # 21412632
Overview
- Property Type Residential
- Property Subtype Single Family Residence
- County Dallas
- Subdivision Spring Ridge 01
- Days on Market 110
Home Details
- Full Baths 2
- Half Baths 0
- Foundation Slab
- Roof Composition
- Flooring Ceramic Tile, Luxury Vinyl Plank
- Heating Central
- Cooling Central Air, Ceiling Fans
Kitchen & Interior
- Appliances Dishwasher, Electric Oven, Gas Cooktop, Disposal, Microwave
- Interior Features Decorative Designer Lighting Fixtures, Eat In Kitchen, Open Floorplan, Vaulted Ceilings, Walk In Closets
- Fireplaces 1
- Fireplace Features Living Room, Masonry, Wood Burning
Lot & Exterior
- Lot Features Back Yard, Lawn
- Exterior Features Rain Gutters
- Fencing Back Yard, Fenced, Wood
Parking
- Parking Alley Access, Concrete, Driveway, Garage, Garage Door Opener, Inside Entrance, Kitchen Level, Oversized, Garage Faces Rear
- Garage Spaces 2
- Covered Parking 2
- Attached Garage Yes
Taxes & HOA
- Annual Taxes $6,995
Utilities
- Utilities Electricity Available, Electricity Connected, Natural Gas Available, Sewer Available, Separate Meters, Water Available
- Water Public
- Sewer Public Sewer
Schools
- Elementary Spring Creek — Richardson ISD
- Middle Apollo — Richardson ISD
- High Berkner — Richardson ISD
Listing Information
- MLS Board NTREIS
- List Date 10/15/2026
- Source Updated 10/15/2026
- Last Updated 10/16/2026
- Virtual Tour Available
Property Tax & CAD Valuation for 1802 Rainbow Drive
Dallas Central Appraisal District records for 1802 Rainbow Drive, Richardson, TX 75081 show a CAD market value of $331,470 and a net appraised value of $331,470. CAD values are used for property-tax purposes and may differ from the property's current list price or eventual sale price.
TAX INFO FOR NORMAL PEOPLE
A plain-English look at Dallas Central Appraisal District property-tax and appraisal records for 1802 Rainbow Drive, Richardson, TX 75081, including CAD market value, appraised value, exemptions, taxing entities, improvement records, and value history.
View Official Dallas Central Appraisal District Property Record
1. CAD Big Picture: Land + Improvements = Market Value
This shows what the CAD market value is made of. Appraisal districts usually separate value between the land and the improvements. Improvements may include the home, garages, shops, patios, pools, decks, storage, and other structures.
Land Value $90,000 + Improvement Value $241,470 = CAD Market Value $331,470
2. Improvement Details: Size, Type & Assessed Value
This is a breakdown of the improvements CAD has listed for the property and the square footage or area connected to those records. CAD improvement records may include the main living area, garages, shops, decks, patios, pools, storage, or other site improvements when available.
MAIN DWELLING
Value: $241,470 Total Area: 2010 Sqft Living Area: 2010 Sqft
| Additional Feature / Structure | Type / Details | Area / Quantity |
|---|---|---|
| ATTACHED GARAGE | — | 420 Sqft |
3. Current Tax Exemptions & Statutory Limitations
Property tax bills reflect two distinct types of CAD adjustments: local taxing jurisdiction exemptions (which reduce taxable value below appraised value) and statutory appraisal limitations (which limit the annual growth of appraised value itself). Each taxing entity establishes its own exemption amounts and tax rates.
No standard exemptions or CAD reductions were detected in the current record.
Each taxing jurisdiction may apply its own exemptions, limitations, and taxable-value adjustments. The figures shown reflect the current CAD record. Specific exemption details are displayed when available from the source. A buyer’s exemptions and future tax obligations may differ.
4. Value After CAD Reductions
This is where CAD reductions, exemptions, limitations, or special-use valuation may affect the value used for tax calculations.
CAD Market Value $331,470 − All Current CAD Reductions $0 = Current Taxed Starting Point $331,470
This reflects the CAD net appraised value after current CAD reductions. Individual taxing units may use different taxable values when exemptions apply.
5. Who Taxes It?
These are the local entities included in the current CAD/tax estimate. A property tax bill can include a city, county, school district, municipal utility district, public improvement district, or other special district. Each entity may use its own taxable value, rate, and exemption treatment.
| Entity | Taxable Value | Rate (per $100) | Est. Tax (No Ex.) | Savings | Est. Tax (Current) |
|---|---|---|---|---|---|
|
City
RICHARDSON |
$331,470 | 0.5422 | $1,797 | — | $1,797 |
|
School District
RICHARDSON ISD |
$331,470 | 1.1052 | $3,663 | — | $3,663 |
|
County
DALLAS COUNTY |
$331,470 | 0.2155 | $714 | — | $714 |
|
College
DALLAS COLLEGE |
$331,470 | 0.1066 | $353 | — | $353 |
|
Hospital District
PARKLAND HOSPITAL |
$331,470 | 0.2120 | $703 | — | $703 |
Each taxing jurisdiction may apply its own exemptions, limitations, and taxable-value adjustments. The figures shown reflect the current CAD record. Specific exemption details are displayed when available from the source. A buyer's exemptions and future tax obligations may differ.
6. Estimated Tax Bottom Line
Est. Taxes (No Exemptions) $7,231 − Est. Tax Reductions / Savings — = Est. Taxes (With Current Exemptions) $7,231
The current CAD record does not establish an exemption tax savings calculation. A buyer’s future tax bill may differ.
7. CAD Values Over Time
YOY Change reflects the change in CAD Market Value from the prior appraisal year. Taxed / Appraised reflects the CAD net appraised value after CAD reductions, or the certified capped appraisal value where jurisdictions differ. Individual taxing units may use different taxable values when exemptions apply.
| Year | Land | Impr. | Market | Taxed / Appraised | YOY Change |
|---|---|---|---|---|---|
| 2021 | $60,000 | $167,510 | $227,510 | — | — |
| 2022 | $90,000 | $193,680 | $283,680 | — | +$56,170 / +24.69% |
| 2023 | $90,000 | $193,680 | $283,680 | — | — |
| 2024 | $90,000 | $230,650 | $320,650 | — | +$36,970 / +13.03% |
| 2025 | $90,000 | $230,650 | $320,650 | — | — |
| 2026 | $90,000 | $241,470 | $331,470 | — | +$10,820 / +3.37% |
8. List Price vs CAD Value
The current list price and the county’s CAD market value are not the same thing. CAD market value is used for property-tax context and may lag the open market, reflect prior protests, exemptions, caps, agricultural or special-use treatment, or other appraisal district methods.
How does the list price compare with the CAD value?
CAD values are appraisal-district values used for property-tax purposes and can differ from current asking prices and eventual sale prices.
Current List Price $399,000 − Current CAD Market Value $331,470 = Over CAD Value +$67,530 (+20.4%)
A sale price can become part of the appraisal district’s future evidence. A buyer’s future taxable value and tax bill may change after purchase, especially if exemptions, caps, or special-use valuation change.
For tax planning, buyers should confirm future taxable value, exemptions, and special-use treatment with the appraisal district, tax office, lender, CPA, or other qualified advisor.
LIFE AROUND SPRING RIDGE 01
A curated look at local favorites, everyday stops, and lifestyle context near this property.