1614 Longley Ave · South Bend, IN 46628

$108,000

3 bd · 1.0 ba · 1,400 sqft · SingleFamily public records · 101 Days on market

Built 1904 3,920 sqft lot $77/sqft · 27% above area Est $85k · 27% over

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +29.3/30.0
• DSCR +10.0/10.0
• 1% rule +7.9/10.0
• Rent growth +4.2/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Get into this move-in ready 3-bedroom, 1-bath home full of character and functionality. Built in 1904, this home offers timeless charm with features that make everyday living comfortable. Inside, you’ll find an updated kitchen with plenty of cabinet and counter space, plus a separate dining room ideal for meals and entertaining. Both the enclosed front and back porches provide additional versatile living areas to enjoy year-round. The basement adds extra space for storage, hobbies, or a workshop. Outside, a detached 2-car garage and a storage shed offer ample room for tools, lawn equipment, and seasonal items. This property combines historic character with practical features and is conveniently located near local amenities. Schedule your showing today - this home is all about you!

Key facts

• Enclosed back porch
• Separate dining room
• Storage shed

Tags

• UPDATED KITCHEN
• SEPARATE DINING ROOM
• ENCLOSED FRONT PORCH
• ENCLOSED BACK PORCH
• DETACHED GARAGE
• STORAGE SHED

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $108k.

Deal economics

• At list price, monthly cash flow is $381 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $108k).
• Recommended offer: $98k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.5% vs local median 4.4% in South Bend — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 64/100 on livability (#365 in IN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities D, employment D, schools F.
• South Bend Community School Corporation (urban): math 12% / reading 21% proficiency, ranked #284 of 301 in IN (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+6.8%/yr); 424 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 754 units permitted in St. Joseph County in 2024 (460 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $747 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.8% rent growth), your $30k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 101 days — a 9% lower offer ($98k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1904 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $98,280 (9.0% below list)

Questions for the listing agent

1. It's been on market 101 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1904 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.29% ✓
• Cap rate: 10.52%
• Cash-on-cash: 15.11%
• DSCR: 1.67
• GRM: 6.4

CMA / ARV

• ARV (median comp): $84,784
• List price: $108,000
• Delta: 27.38%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
740 Johnson St	0.28mi	3/1.0	1,264 (-10%)	0mo	$146,200	$116	71
1238 Diamond Ave	0.70mi	3/1.0	1,402 (+0%)	2mo	$101,000	$72	65
611 Blaine Ave	0.38mi	2/1.0 (-1)	1,316 (-6%)	2mo	$162,000	$123	65
644 N Walnut Ave	0.26mi	4/1.0 (+1)	1,284 (-8%)	4mo	$38,000	$30	65
1337 N Adams St	0.71mi	3/1.0	1,366 (-2%)	2mo	$95,000	$70	61
744 Blaine Ave	0.42mi	3/1.0	1,566 (+12%)	1mo	$152,000	$97	59
1115 Johnson St	0.54mi	3/1.0	1,300 (-7%)	4mo	$88,000	$68	59
201 College St	0.32mi	4/1.5 (+1)	1,541 (+10%)	5mo	$169,900	$110	57
2510 Fredrickson St	0.60mi	3/1.0	1,540 (+10%)	1mo	$76,000	$49	55
1054 Huey St	0.55mi	4/1.5 (+1)	1,288 (-8%)	2mo	$85,251	$66	52
2518 Rogers St	0.59mi	3/1.0	1,232 (-12%)	1mo	$90,000	$73	52
1210 Johnson St	0.61mi	3/2.0	1,568 (+12%)	4mo	$98,000	$63	44

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 6.78% rent growth · sell at horizon

5-year hold

• IRR: 9.9%
• Equity multiple: 1.41×
• Total profit: $12,271
• Equity at exit: $16,103

10-year hold

• IRR: 21.9%
• Equity multiple: 3.20×
• Total profit: $66,417
• Equity at exit: $9,338

Cash invested: $30,240 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Indiana: 90 Strongly Landlord-Friendly · R+11
• County: — inherits STATE
• City: — inherits STATE

10-day pay-or-quit; landlord-favorable; preempted.

Methodology + full state rankings →

ZIP-level market 46628

• Rents YoY: 6.8%
• Active inventory: 424
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,398 high
• Mortgage (P&I): −$566
• Tax from tax record: −$112 /mo · $1,350/yr
• Insurance: −$45
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $381

Break-even live

Break-even rent $916

Max offer price $108,000

Occupancy floor 68%

Sensitivity live

Price	-10% $442	-5% $411	+0% $381	+5% $350	+10% $320
Rent	-10% $270	-5% $325	+0% $381	+5% $436	+10% $491
Rate	-1.0pp $435	-0.5pp $408	base $381	+0.5pp $353	+1.0pp $324

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $27,000
• Closing costs: $3,240
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
736 Lawndale Ave Unit 1 South Bend, IN	3.0	1.0	1072	$1,200	$1.12	14d	1	0.26mi
752 Diamond Ave South Bend, IN	3.0	1.5	1248	$1,400	$1.12	44d	1	0.34mi
2010 Lincoln Way W Unit 2 South Bend, IN	3.0	1.0	1150	$1,325	$1.15	22d	1	0.34mi
2203 Smith St South Bend, IN	3.0	1.0	1248	$1,215	$0.97	14d	1	0.39mi
1008 O Brien St Unit O South Bend, IN	3.0	1.0	1634	$800	$0.49	22d	1	0.41mi
1118 Van Buren St South Bend, IN	3.0	1.0	1394	$1,375	$0.99	22d	1	0.46mi
2205 Lincoln Way W South Bend, IN	4.0	2.0	1440	$1,565	$1.09	14d	1	0.48mi
1054 Huey St South Bend, IN	4.0	2.0	1288	$1,550	$1.20	14d	1	0.52mi
2417 Linden Ave South Bend, IN	2.0	1.0	1000	$1,200	$1.20	44d	1	0.53mi
910 Allen St South Bend, IN	3.0	1.0	1100	$1,350	$1.23	22d	1	0.55mi
1046 N Elmer St South Bend, IN	2.0	1.0	1050	$1,025	$0.98	22d	1	0.56mi
1206 Johnson St South Bend, IN	3.0	1.5	1320	$1,400	$1.06	44d	1	0.59mi
1210 Johnson St South Bend, IN	3.0	2.0	1568	$1,250	$0.80	22d	1	0.59mi
1237 Wilber St South Bend, IN	2.0	1.0	880	$1,200	$1.36	44d	1	0.62mi
1032 Allen St South Bend, IN	3.0	2.0	1580	$1,200	$0.76	44d	1	0.62mi
1314 Johnson St South Bend, IN	2.0	1.0	902	$1,150	$1.27	14d	1	0.68mi
1243 Portage Ave South Bend, IN	3.0	1.0	1570	$1,500	$0.96	44d	1	0.73mi
1201 Woodward Ave South Bend, IN	2.0	1.0	960	$1,675	$1.74	44d	1	0.76mi
1505 N Adams St South Bend, IN	3.0	1.0	1200	$1,350	$1.12	14d	1	0.83mi
504 W Navarre St South Bend, IN	3.0	1.5	1520	$1,350	$0.89	14d	1	0.92mi
1428 Kessler Blvd South Bend, IN	3.0	1.0	936	$1,000	$1.07	44d	1	0.93mi
1214 Queen St South Bend, IN	3.0	1.0	1056	$1,300	$1.23	14d	1	0.97mi
1630 Obrien St South Bend, IN	3.0	1.0	1120	$1,400	$1.25	14d	1	0.97mi
1642 Johnson St South Bend, IN	3.0	1.0	1375	$1,400	$1.02	14d	1	0.98mi
1710 Johnson St South Bend, IN	3.0	1.0	1000	$1,350	$1.35	44d	1	1.04mi
1317 Poland St South Bend, IN	3.0	1.0	1100	$1,300	$1.18	22d	1	1.09mi
221 S Taylor St South Bend, IN	3.0	2.0	1178	$2,599	$2.21	14d	1	1.10mi
453 S Kaley St Unit 1 South Bend, IN	2.0	1.0	1100	$1,050	$0.95	44d	1	1.10mi
2502 Ford St South Bend, IN	3.0	1.0	1176	$1,175	$1.00	44d	1	1.13mi
344 Parkovash Ave South Bend, IN	3.0	1.0	950	$1,900	$2.00	14d	1	1.16mi
125 W Marion St South Bend, IN	2.0	1.0	672	$1,350	$2.01	14d	5	1.22mi
211 W Washington St South Bend, IN	3.0	1.0–2.5	1162	$7,491	$6.44	22d	19	1.24mi
1918 Johnson St South Bend, IN	3.0	1.0	1200	$1,200	$1.00	14d	1	1.33mi
421 S Lake St South Bend, IN	2.0	1.0	900	$1,200	$1.33	44d	1	1.37mi
307 E Lasalle Ave South Bend, IN	1.0–2.0	1.0–2.0	925	$1,670	$1.80	14d	22	1.43mi
300 E Lasalle Ave South Bend, IN	3.0	1.0–3.0	1013	$3,009	$2.97	14d	31	1.47mi

Listing history 28 events

1. 2026-06-18
   days on market $108,000 Active 101 DOM
2. 2026-06-17
   days on market $108,000 Active 100 DOM
3. 2026-06-16
   days on market $108,000 Active 99 DOM
4. 2026-06-15
   days on market $108,000 Active 98 DOM
5. 2026-06-14
   days on market $108,000 Active 96 DOM
6. 2026-06-13
   days on market $108,000 Active 95 DOM
7. 2026-06-10
   days on market $108,000 Active 93 DOM
8. 2026-06-09
   days on market $108,000 Active 92 DOM
9. 2026-06-08
   days on market $108,000 Active 91 DOM
10. 2026-06-07
    days on market $108,000 Active 90 DOM
11. 2026-06-03
    days on market $108,000 Active 86 DOM
12. 2026-06-02
    days on market $108,000 Active 85 DOM
13. 2026-06-01
    days on market $108,000 Active 84 DOM
14. 2026-05-31
    days on market $108,000 Active 83 DOM
15. 2026-05-30
    days on market $108,000 Active 82 DOM
16. 2026-03-09
    listed $109,000 Active 797-char remark

    Show marketing remark (797 chars)

    Get into this move-in ready 3-bedroom, 1-bath home full of character and functionality. Built in 1904, this home offers timeless charm with features that make everyday living comfortable. Inside, you’ll find an updated kitchen with plenty of cabinet and counter space, plus a separate dining room ideal for meals and entertaining. Both the enclosed front and back porches provide additional versatile living areas to enjoy year-round. The basement adds extra space for storage, hobbies, or a workshop. Outside, a detached 2-car garage and a storage shed offer ample room for tools, lawn equipment, and seasonal items. This property combines historic character with practical features and is conveniently located near local amenities. Schedule your showing today - this home is all about you!

17. 2025-06-13
    soldstatus $102,500 Closed 1535-char remark

    Show marketing remark (1535 chars)

    Beautifully Remodeled & Accessible Home in South Bend! Welcome to 1614 Longley Avenue—a fully renovated 3-bedroom, 1-bath ranch that blends classic charm with modern updates. Located on a quiet street in South Bend's west side near the MLK Dream Center and the Kroc Center, this home is move-in ready and perfect for anyone seeking comfort, convenience, and accessibility. Step inside to discover a bright, fairly open layout with all-new flooring, fresh paint, updated fixtures, and stylish finishes throughout. The spacious living room flows into a modern kitchen with new cabinetry, countertops, and updated appliances. This home is both beautiful and efficient. Enjoy the peace of mind that comes with a newer gas furnace and water heater. With 1,400 sq. ft. of finished living space and an additional 800 sq. ft. of basement, there’s room to grow, store, or customize. Accessibility is a standout feature—this home includes a wheelchair-accessible ramp, making it ideal for anyone with mobility needs. The enclosed front porch adds additional year-round living space or a quiet spot to relax. Outside, the home sits on a level city lot with a detached 1-car garage and low-maintenance yard. Whether you’re a first-time buyer, downsizing, or looking for a turnkey rental investment, this home checks all the boxes. Located near parks, schools, and shopping, 1614 Longley Ave combines comfort, quality, and affordability in one great package. Offered at just $105,000 – schedule your tour today!

18. 2025-05-22
    historical Active Under Contract 1535-char remark

    Show marketing remark (1535 chars)

    Beautifully Remodeled & Accessible Home in South Bend! Welcome to 1614 Longley Avenue—a fully renovated 3-bedroom, 1-bath ranch that blends classic charm with modern updates. Located on a quiet street in South Bend's west side near the MLK Dream Center and the Kroc Center, this home is move-in ready and perfect for anyone seeking comfort, convenience, and accessibility. Step inside to discover a bright, fairly open layout with all-new flooring, fresh paint, updated fixtures, and stylish finishes throughout. The spacious living room flows into a modern kitchen with new cabinetry, countertops, and updated appliances. This home is both beautiful and efficient. Enjoy the peace of mind that comes with a newer gas furnace and water heater. With 1,400 sq. ft. of finished living space and an additional 800 sq. ft. of basement, there’s room to grow, store, or customize. Accessibility is a standout feature—this home includes a wheelchair-accessible ramp, making it ideal for anyone with mobility needs. The enclosed front porch adds additional year-round living space or a quiet spot to relax. Outside, the home sits on a level city lot with a detached 1-car garage and low-maintenance yard. Whether you’re a first-time buyer, downsizing, or looking for a turnkey rental investment, this home checks all the boxes. Located near parks, schools, and shopping, 1614 Longley Ave combines comfort, quality, and affordability in one great package. Offered at just $105,000 – schedule your tour today!

19. 2025-05-01
    listed $105,000 Active 1535-char remark

    Show marketing remark (1535 chars)

    Beautifully Remodeled & Accessible Home in South Bend! Welcome to 1614 Longley Avenue—a fully renovated 3-bedroom, 1-bath ranch that blends classic charm with modern updates. Located on a quiet street in South Bend's west side near the MLK Dream Center and the Kroc Center, this home is move-in ready and perfect for anyone seeking comfort, convenience, and accessibility. Step inside to discover a bright, fairly open layout with all-new flooring, fresh paint, updated fixtures, and stylish finishes throughout. The spacious living room flows into a modern kitchen with new cabinetry, countertops, and updated appliances. This home is both beautiful and efficient. Enjoy the peace of mind that comes with a newer gas furnace and water heater. With 1,400 sq. ft. of finished living space and an additional 800 sq. ft. of basement, there’s room to grow, store, or customize. Accessibility is a standout feature—this home includes a wheelchair-accessible ramp, making it ideal for anyone with mobility needs. The enclosed front porch adds additional year-round living space or a quiet spot to relax. Outside, the home sits on a level city lot with a detached 1-car garage and low-maintenance yard. Whether you’re a first-time buyer, downsizing, or looking for a turnkey rental investment, this home checks all the boxes. Located near parks, schools, and shopping, 1614 Longley Ave combines comfort, quality, and affordability in one great package. Offered at just $105,000 – schedule your tour today!

20. 2025-02-14
    soldstatus $45,000 Closed
21. 2025-01-23
    status Pending
22. 2025-01-06
    price $60,000
23. 2024-12-23
    price $63,000
24. 2024-11-15
    price $65,000
25. 2024-10-28
    price $67,000
26. 2024-08-19
    status Active
27. 2024-07-17
    status Pending
28. 2024-05-22
    listed $72,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IN · Partial reset (capped growth)

• Current annual tax: $1,350 · $112/mo
• Projected year-2 tax: $1,350 · $112/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥99°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,777
• − Mortgage interest: −$6,050
• − Property taxes: −$1,350
• − Insurance: −$540
• − Repairs & maintenance: −$1,342
• − Management: −$1,342
• − Depreciation: −$3,142
• Taxable income: $3,012
• Est. tax owed @ 24.0%: −$723
• After-tax cash flow: $3,845/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: South Bend Community School Corporation
• NCES district ID: 1810290
• Math proficiency: 12% ▼ -10.00%
• Reading proficiency: 21% ▼ -6.00%
• Median HH income: $41,935
• Composite: 14.21/100
• National rank: #9452
• State rank: #284 of 301 in IN

Livability — South Bend

• Score: 64/100
• State rank: #365
• US rank: #13730

Category grades

Amenities D Commute F Cost of living A+ Crime F Employment D Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: South Bend, IN
• County: Saint Joseph County · 189,048 people
• City population: 99,767
• Metro: South Bend-Mishawaka, IN-MI
• Population (ZIP): 27,685
• Household income: $61,759
• Rent vs Own: 31.6% rent · 68.4% own
• Severe rent burden: 1024.0

Population outlook (St. Joseph County) Hauer SSP2

• Today (2025): 273,186 people
• By 2030: 273,594 · +0.1%
• By 2040: 271,641 · -0.6%
• By 2050: 269,187 · -1.5%
• By 2075: 263,136 · -3.7%
• By 2100: 245,659 · -10.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 55% Black 30% Hispanic / Latino 10% Two or more races 8%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Romanian 12% Lithuanian 1% Slovak 1%
• Foreign-born: 7% · Canada, China
• Languages at home: 89% English-only · Spanish 7% Russian/Polish/Slavic 1%

Political lean MEDSL · St. Joseph

• 2024 margin: Toss-up / Even · D 50.0% · R 48.5% · Other 1.5%
• 2008→2024 swing: -15.6pp toward R · 2008: 17.1pp · 2024: 1.5pp
• All cycles: 2024: D+1.5 2020: D+5.8 2016: D+0.2 2012: D+3.5 2008: D+17.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -130.47%
• Current HPI: 202.112
• Rent YoY: ▲ 6.78%
• Metro: South Bend-Mishawaka, IN-MI
• State GDP YoY: ▲ 2.90%
• F500 in state: 18

Industry mix (Fortune 500 HQ in IN)

Industry	F500 HQs	Revenue
▸Industrial Machinery	2	$37B
▸Healthcare	1	$177B
▸Pharmaceuticals	1	$45B
▸Metals / Steel	1	$18B
▸Agriculture	1	$17B
▸Packaging	1	$12B

Price history

+51.4% since first listed

13 events — show timeline

• 2026-03-09 Listed $109,000 IRMLS
• 2025-06-13 Sold (MLS) $102,500 IRMLS
• 2025-05-22 Contingent — IRMLS
• 2025-05-01 Listed $105,000 IRMLS
• 2025-02-14 Sold (MLS) $45,000 IRMLS
• 2025-01-23 Pending — IRMLS
• 2025-01-06 Price Changed $60,000 IRMLS
• 2024-12-23 Price Changed $63,000 IRMLS
• 2024-11-15 Price Changed $65,000 IRMLS
• 2024-10-28 Price Changed $67,000 IRMLS
• 2024-08-19 Relisted — IRMLS
• 2024-07-17 Pending — IRMLS
• 2024-05-22 Listed $72,000 IRMLS

Property tax history

+0.7%/yr

Latest (2023): $1,350 · -0.9% YoY. Source: county tax records.