- Dallas County
- Richardson TX
- 75081
- Local Area: Spring Ridge 01
Property Overview
There is so much potential in this lovely two story 4-bedroom home. It has the option of a large oversized 5th bedroom or use as an upstairs game room. Resulting in 2 bedrooms upstairs and 3 bedrooms downstairs. It has 3 full bathrooms with wood burning or gas fireplace in living room. New granite counter tops, dishwasher and ceramic tile floor downstairs. This beautiful home is a must see, as it is much larger inside than it appears on the outside. Covered patio in rear with an additional fireplace that leads to the large swimming pool area. Rear entry driveway with fully private fenced backyard surrounding the pool included. New flooring though out with new carpet upstairs. The home is located in the heart of Richardson with quick access to US-75 and President George Bush Turnpike, minutes from CityLine train station, Richardson Restaurant Park, Downtown Richardson, Galatyn Park, Breckinridge Park, and countless shopping, dining, entertainment, and grocery options. Nearby employers include State Farm, Raytheon, Texas Instruments, and the Telecom Corridor, making this an ideal location. Don't miss your opportunity to become an exclusive city of Richardson resident within the highly sought after Richardson ISD schools. This amazing opportunity is priced well below market to allow Buyer to make any final updated per their taste. All offers will be promptly considered and reviewed. This is likely the home you have been looking for.
Featured spaces
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Property highlights
Year Built 1971
School District Richardson Isd
HOA No HOA
Pool Pool
Parking 2-car garage, 2 covered
Architecture ContemporaryModern,Detached
Fireplace 2 Fireplaces
Neighborhood Spring Ridge 01
Full Property Details
Property Details
Quick Details
- Price $389,000
- Status Active
- Bedrooms 4
- Bathrooms 3
- Square Feet 2,136 Sq Ft
- Lot Size 0.21 acres
- Lot Size Sq Ft 9,017
- Year Built 1971
- Price / Sq Ft $182 / Sq Ft
- MLS # 21348448
Overview
- Property Type Residential
- Property Subtype Single Family Residence
- County Dallas
- Subdivision Spring Ridge 01
- Days on Market 4
Home Details
- Full Baths 3
- Half Baths 0
- Foundation Slab
- Roof Composition
- Flooring Carpet, Ceramic Tile
- Heating Central, Gas
- Cooling Central Air, Ceiling Fans, Electric
Kitchen & Interior
- Appliances Dishwasher, Electric Range, Disposal
- Interior Features Eat In Kitchen, Granite Counters, High Speed Internet, Open Floorplan, Cable Tv, Walk In Closets
- Fireplaces 2
- Fireplace Features Family Room, Wood Burning
Lot & Exterior
- Pool Features Gunite, Outdoor Pool, Pool, Private
Parking
- Parking Additional Parking, Concrete, Driveway
- Garage Spaces 2
- Covered Parking 2
- Attached Garage Yes
Taxes & HOA
- Annual Taxes $8,042
Utilities
- Utilities Electricity Connected, Natural Gas Available, Phone Available, Sewer Available, Separate Meters, Water Available, Cable Available
- Water Public
- Sewer Public Sewer
Schools
- Elementary Brentfield — Richardson ISD
- Middle Forest Meadow,Parkhill — Richardson ISD
- High Richardson — Richardson ISD
Listing Information
- MLS Board NTREIS
- List Date 08/11/2026
- Source Updated 08/11/2026
- Last Updated 08/19/2026
- Virtual Tour Available
Property Tax & CAD Valuation for 1808 Rainbow Drive
Dallas Central Appraisal District records for 1808 Rainbow Drive, Richardson, TX 75081 show a CAD market value of $366,150 and a net appraised value of $366,150. 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 1808 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 $276,150 = CAD Market Value $366,150
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: $276,150 Total Area: 2136 Sqft Living Area: 2136 Sqft
| Additional Feature / Structure | Type / Details | Area / Quantity |
|---|---|---|
| ATTACHED GARAGE | — | 420 Sqft |
| POOL | — | 1 pool |
| OUTDOOR LIVING AREA | — | 1 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 $366,150 − All Current CAD Reductions $0 = Current Taxed Starting Point $366,150
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 |
$366,150 | 0.5422 | $1,985 | — | $1,985 |
|
School District
RICHARDSON ISD |
$366,150 | 1.1052 | $4,047 | — | $4,047 |
|
County
DALLAS COUNTY |
$366,150 | 0.2155 | $789 | — | $789 |
|
College
DALLAS COLLEGE |
$366,150 | 0.1066 | $390 | — | $390 |
|
Hospital District
PARKLAND HOSPITAL |
$366,150 | 0.2120 | $776 | — | $776 |
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) $7,987 − Est. Tax Reductions / Savings — = Est. Taxes (With Current Exemptions) $7,987
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 | $238,630 | $298,630 | — | -$23,620 / -7.33% |
| 2022 | $90,000 | $241,560 | $331,560 | — | +$32,930 / +11.03% |
| 2023 | $90,000 | $241,560 | $331,560 | — | — |
| 2024 | $90,000 | $278,670 | $368,670 | — | +$37,110 / +11.19% |
| 2025 | $90,000 | $278,670 | $368,670 | — | — |
| 2026 | $90,000 | $276,150 | $366,150 | — | -$2,520 / -0.68% |
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 $389,000 − Current CAD Market Value $366,150 = Over CAD Value +$22,850 (+6.2%)
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.