4562 Grimsby Rd · Columbus, OH 43227

$150,000

3 bd · 1.0 ba · 912 sqft · SingleFamily public records · 21 Days on market

Built 1955 7,840 sqft lot Est $193k · 22% under

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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).

• ARV discount +15.0/15.0
• Cash flow +14.6/30.0
• DSCR +4.4/10.0
• 1% rule +4.2/10.0
• Livability +4.0/5.0
• Rent growth +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

SHOWINGS Start Sat 4/13/2019. Fresh, clean ranch on quiet street in Whitehall. New furnace! New hot water tank! New garbage disposal. Newer paint inside and out, cute front porch, new carpet, large 2 car garage with new door. Additional storage rooms off the back of house. Appliances including refrigerator and gas range are included. Some new windows. Ready to move in and enjoy. Home is being sold as part of estate and is being sold in AS-IS condition. Nice clean home. Inspections are for buyer's information only. No showings until after 5 M-F/anytime on weekends Call for your appointment today!

Key facts

• 7,840 sq ft lot
• 2 garage spots
• Built 1955

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Built in 1955; No shared/common walls
• Construction: Built in 1955
• Exterior features: Slab foundation; Lot approximately 0.18 acres

Interior

• Bedrooms: 3 main-level bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: 912 living area (per listing source)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $35 ($417/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $138k (7.8% below list).
• Recommended offer: $138k (7.8% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 3.8% in Columbus — 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 81/100 on livability (#97 in OH, #1,491 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, crime F.
• Columbus City School District (urban): math 15% / reading 26% proficiency, ranked #626 of 656 in OH (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Indianola Informal K-8 School (math 43% / reading 58%, grade D+, #896 of 1,584 statewide, top 57%, 684 students, 0% FRL); Arts Impact Middle School (Aims) (math 17% / reading 25%, grade F, #608 of 654 statewide, top 93%, 532 students, 0% FRL); Columbus Alternative High School (math 27% / reading 74%, grade D+, #380 of 781 statewide, top 49%, 758 students, 0% FRL) — zoned schools average 0% FRL vs 72% district-wide (72 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 41% at this address vs 20% district-wide (+20 pts) — the actual schools serving this property are materially stronger than the Columbus City School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+5.2%/yr); 65 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 8,139 units permitted in Franklin County in 2024 (5,940 in 5+ unit buildings).
• This rent runs 34% of the median local income ($48k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Franklin County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 8y 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.
• Current owner paid $103k; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $138,229 (7.8% below list)

Questions for the listing agent

1. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 0.92% ✗
• Cap rate: 6.57%
• Cash-on-cash: 0.99%
• DSCR: 1.04
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $193,344
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4562 Grimsby Rd	0.00mi	3/1.0	912 (0%)	1mo	$145,000	$159	99
1399 Shady Lane Rd	0.14mi	3/1.0	912 (0%)	5mo	$110,000	$121	89
4501 Amesbury Rd	0.11mi	3/2.0	912 (0%)	6mo	$232,000	$254	85
1243 Simpson Dr	0.23mi	3/2.0	912 (0%)	1mo	$200,000	$219	84
1211 Shady Lane Rd	0.33mi	3/1.0	912 (0%)	1mo	$169,900	$186	84
1193 Marble Dr	0.34mi	3/1.0	912 (0%)	2mo	$185,000	$203	83
1559 Grattan Rd	0.39mi	3/1.0	912 (0%)	4mo	$208,900	$229	78
1195 Huntly Dr	0.31mi	3/2.0	912 (0%)	4mo	$230,000	$252	78
4484 Grimsby Rd	0.11mi	3/1.0	1,020 (+12%)	5mo	$205,000	$201	71
1469 Burlington Ave	0.52mi	3/1.0	840 (-8%)	3mo	$150,000	$179	60
4656 Dundee Ave	0.40mi	3/1.0	1,008 (+10%)	8mo	$224,900	$223	57
1116 Elaine Rd	0.70mi	3/2.0	975 (+7%)	3mo	$207,000	$212	49

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 · 5.22% rent growth · sell at horizon

5-year hold

• IRR: -12.2%
• Equity multiple: 0.55×
• Total profit: $-18,903
• Equity at exit: $22,365

10-year hold

• IRR: 0.0%
• Equity multiple: 1.00×
• Total profit: $80
• Equity at exit: $12,969

Cash invested: $42,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Ohio: 73 Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day notice; Cleveland / Columbus have some habitability code enforcement; otherwise landlord-leaning.

Methodology + full state rankings →

ZIP-level market 43227

• Rents YoY: 5.2%
• Active inventory: 65
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,382 high
• Mortgage (P&I): −$787
• Tax from tax record: −$208 /mo · $2,498/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $35

Break-even live

Break-even rent $1,338

Max offer price $150,000

Occupancy floor 92%

Sensitivity live

Price	-10% $120	-5% $77	+0% $35	+5% $-8	+10% $-50
Rent	-10% $-74	-5% $-20	+0% $35	+5% $89	+10% $144
Rate	-1.0pp $110	-0.5pp $73	base $35	+0.5pp $-4	+1.0pp $-44

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 32 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1537 Duffield Dr Columbus, OH	3.0	2.0	1020	$1,500	$1.47	45d	1	0.23mi
1250 Kelburn Rd Columbus, OH	2.0	1.0	970	$1,099	$1.13	45d	1	0.32mi
1250 Kelburn Rd Columbus, OH	2.0	1.0	970	$1,099	$1.13	23d	1	0.32mi
1250 Kelburn Rd Columbus, OH	2.0	1.0	970	$1,200	$1.24	14d	1	0.32mi
1462 Elaine Rd Columbus, OH	2.0	1.5	975	$1,324	$1.36	25d	1	0.61mi
4056 Carlton Ave Columbus, OH	2.0	1.5	1100	$1,250	$1.14	25d	1	0.73mi
4048 E Livingston Ave Columbus, OH	3.0	1.0	961	$1,000	$1.04	21d	1	0.74mi
1718 Carstare Dr Columbus, OH	2.0	1.5	720	$950	$1.32	45d	1	0.86mi
1705 Carstare Dr Columbus, OH	2.0	1.5	720	$950	$1.32	45d	1	0.87mi
1789 Elaine Rd Columbus, OH	2.0	1.5	960	$1,270	$1.32	3d	2	0.89mi
973 Exeter Rd Columbus, OH	3.0	1.0	1054	$1,710	$1.62	45d	1	0.90mi
2038 Noe Bixby Rd Columbus, OH	2.0	1.0	1000	$1,365	$1.36	4d	1	0.96mi
1303 Dellwood Ave Columbus, OH	3.0	1.0	900	$1,500	$1.67	45d	1	0.99mi
3974 Andrus Ave Columbus, OH	2.0	1.5	950	$1,235	$1.30	25d	3	1.04mi
3974 Andrus Ct E Unit 3996C Columbus, OH	2.0	1.5	950	$1,185	$1.25	25d	1	1.05mi
3974 Andrus Ct E Unit 3982D Columbus, OH	2.0	1.5	950	$1,285	$1.35	25d	1	1.05mi
685-687 Valerie Ln Whitehall, OH	2.0	1.0	800	$1,153	$1.44	45d	1	1.13mi
4163 Wright Park Columbus, OH	2.0	2.0	1008	$1,750	$1.74	45d	1	1.13mi
1246 Arkwood Ave Columbus, OH	3.0	1.0	1094	$1,740	$1.59	45d	1	1.15mi
5125 Cedar Dr Columbus, OH	1.0–2.0	1.0	772	$1,110	$1.44	9d	4	1.17mi
1843 Fleming Rd Unit 1 Columbus, OH	3.0	1.5	1000	$1,595	$1.59	25d	1	1.20mi
1699 Lonsdale Rd Unit 1707 Columbus, OH	2.0	1.0	1038	$995	$0.96	25d	1	1.27mi
5312 Gatehouse Dr Columbus, OH	1.0–2.0	1.0–1.5	1171	$1,499	$1.28	3d	15	1.27mi
3632 Cushing Dr Unit B Columbus, OH	2.0	1.0	900	$950	$1.06	21d	1	1.31mi
3632 Cushing Dr Columbus, OH	2.0	1.0	950	$1,050	$1.11	14d	1	1.31mi
3632 Cushing Dr Unit D Columbus, OH	2.0	1.0	950	$1,050	$1.11	17d	1	1.31mi
5680 Hibernia Dr Columbus, OH	1.0–2.0	1.0–1.5	1045	$1,343	$1.29	3d	12	1.33mi
3605 Cushing Dr Unit A Columbus, OH	2.0	1.0	900	$815	$0.91	12d	1	1.35mi
496 S Hamilton Rd Whitehall, OH	1.0–2.0	1.0	663	$850	$1.28	25d	4	1.36mi
3600 Cushing Dr Unit C Columbus, OH	2.0	1.0	810	$900	$1.11	45d	1	1.36mi
2400 Shore Blvd W Columbus, OH	1.0–2.0	1.0–1.5	729	$1,249	$1.71	3d	34	1.41mi
1256 Rand Ave Columbus, OH	2.0	1.0	967	$1,299	$1.34	45d	1	1.41mi

Listing history 14 events

1. 2026-04-28
   status Pending
2. 2026-04-07
   listed $150,000 Active
3. 2019-08-09
   soldstatus $103,000
4. 2019-06-04
   soldstatus $103,000 Closed 603-char remark

   Show marketing remark (603 chars)

   SHOWINGS Start Sat 4/13/2019. Fresh, clean ranch on quiet street in Whitehall. New furnace! New hot water tank! New garbage disposal. Newer paint inside and out, cute front porch, new carpet, large 2 car garage with new door. Additional storage rooms off the back of house. Appliances including refrigerator and gas range are included. Some new windows. Ready to move in and enjoy. Home is being sold as part of estate and is being sold in AS-IS condition. Nice clean home. Inspections are for buyer's information only. No showings until after 5 M-F/anytime on weekends Call for your appointment today!

5. 2019-04-15
   historical Contingent Finance and Inspection 603-char remark

   Show marketing remark (603 chars)

   SHOWINGS Start Sat 4/13/2019. Fresh, clean ranch on quiet street in Whitehall. New furnace! New hot water tank! New garbage disposal. Newer paint inside and out, cute front porch, new carpet, large 2 car garage with new door. Additional storage rooms off the back of house. Appliances including refrigerator and gas range are included. Some new windows. Ready to move in and enjoy. Home is being sold as part of estate and is being sold in AS-IS condition. Nice clean home. Inspections are for buyer's information only. No showings until after 5 M-F/anytime on weekends Call for your appointment today!

6. 2019-04-12
   status Active 603-char remark

   Show marketing remark (603 chars)

   SHOWINGS Start Sat 4/13/2019. Fresh, clean ranch on quiet street in Whitehall. New furnace! New hot water tank! New garbage disposal. Newer paint inside and out, cute front porch, new carpet, large 2 car garage with new door. Additional storage rooms off the back of house. Appliances including refrigerator and gas range are included. Some new windows. Ready to move in and enjoy. Home is being sold as part of estate and is being sold in AS-IS condition. Nice clean home. Inspections are for buyer's information only. No showings until after 5 M-F/anytime on weekends Call for your appointment today!

7. 2019-03-03
   historical Contingent Finance and Inspection 603-char remark

   Show marketing remark (603 chars)

   SHOWINGS Start Sat 4/13/2019. Fresh, clean ranch on quiet street in Whitehall. New furnace! New hot water tank! New garbage disposal. Newer paint inside and out, cute front porch, new carpet, large 2 car garage with new door. Additional storage rooms off the back of house. Appliances including refrigerator and gas range are included. Some new windows. Ready to move in and enjoy. Home is being sold as part of estate and is being sold in AS-IS condition. Nice clean home. Inspections are for buyer's information only. No showings until after 5 M-F/anytime on weekends Call for your appointment today!

8. 2019-02-08
   historical
9. 2019-01-30
   status Active 603-char remark

   Show marketing remark (603 chars)

   SHOWINGS Start Sat 4/13/2019. Fresh, clean ranch on quiet street in Whitehall. New furnace! New hot water tank! New garbage disposal. Newer paint inside and out, cute front porch, new carpet, large 2 car garage with new door. Additional storage rooms off the back of house. Appliances including refrigerator and gas range are included. Some new windows. Ready to move in and enjoy. Home is being sold as part of estate and is being sold in AS-IS condition. Nice clean home. Inspections are for buyer's information only. No showings until after 5 M-F/anytime on weekends Call for your appointment today!

10. 2019-01-23
    listed $140,000 Active
11. 2019-01-22
    historical Contingent Finance and Inspection 603-char remark

    Show marketing remark (603 chars)

    SHOWINGS Start Sat 4/13/2019. Fresh, clean ranch on quiet street in Whitehall. New furnace! New hot water tank! New garbage disposal. Newer paint inside and out, cute front porch, new carpet, large 2 car garage with new door. Additional storage rooms off the back of house. Appliances including refrigerator and gas range are included. Some new windows. Ready to move in and enjoy. Home is being sold as part of estate and is being sold in AS-IS condition. Nice clean home. Inspections are for buyer's information only. No showings until after 5 M-F/anytime on weekends Call for your appointment today!

12. 2018-10-30
    status Active 603-char remark

    Show marketing remark (603 chars)

    SHOWINGS Start Sat 4/13/2019. Fresh, clean ranch on quiet street in Whitehall. New furnace! New hot water tank! New garbage disposal. Newer paint inside and out, cute front porch, new carpet, large 2 car garage with new door. Additional storage rooms off the back of house. Appliances including refrigerator and gas range are included. Some new windows. Ready to move in and enjoy. Home is being sold as part of estate and is being sold in AS-IS condition. Nice clean home. Inspections are for buyer's information only. No showings until after 5 M-F/anytime on weekends Call for your appointment today!

13. 2018-09-11
    historical Contingent Finance and Inspection 603-char remark

    Show marketing remark (603 chars)

    SHOWINGS Start Sat 4/13/2019. Fresh, clean ranch on quiet street in Whitehall. New furnace! New hot water tank! New garbage disposal. Newer paint inside and out, cute front porch, new carpet, large 2 car garage with new door. Additional storage rooms off the back of house. Appliances including refrigerator and gas range are included. Some new windows. Ready to move in and enjoy. Home is being sold as part of estate and is being sold in AS-IS condition. Nice clean home. Inspections are for buyer's information only. No showings until after 5 M-F/anytime on weekends Call for your appointment today!

14. 2018-08-06
    listed $99,900 Active 603-char remark

    Show marketing remark (603 chars)

    SHOWINGS Start Sat 4/13/2019. Fresh, clean ranch on quiet street in Whitehall. New furnace! New hot water tank! New garbage disposal. Newer paint inside and out, cute front porch, new carpet, large 2 car garage with new door. Additional storage rooms off the back of house. Appliances including refrigerator and gas range are included. Some new windows. Ready to move in and enjoy. Home is being sold as part of estate and is being sold in AS-IS condition. Nice clean home. Inspections are for buyer's information only. No showings until after 5 M-F/anytime on weekends Call for your appointment today!

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

Tax reassessment forecast OH · Partial reset (capped growth)

• Current annual tax: $2,498 · $208/mo
• Projected year-2 tax: $2,498 · $208/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 3/10 Moderate 7 d/yr ≥99°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,587
• − Mortgage interest: −$8,402
• − Property taxes: −$2,498
• − Insurance: −$750
• − Repairs & maintenance: −$1,327
• − Management: −$1,327
• − Depreciation: −$4,364
• Taxable loss: −$2,080
• Est. tax savings @ 24.0%: +$499
• After-tax cash flow: $916/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: Columbus City School District
• NCES district ID: 3904380
• Math proficiency: 15% ▼ -17.00%
• Reading proficiency: 26% ▼ -12.00%
• Median HH income: $38,483
• Composite: 17.19/100
• National rank: #9105
• State rank: #626 of 656 in OH

Livability — Columbus

• Score: 81/100
• State rank: #97
• US rank: #1491

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Columbus, OH
• County: Franklin County · 1,351,780 people
• City population: 612,189
• Metro: Columbus, OH
• Population (ZIP): 25,358
• Household income: $48,159
• Rent vs Own: 47.8% rent · 52.2% own
• Severe rent burden: 1467.0

Population outlook (Franklin County) Hauer SSP2

• Today (2025): 1,456,139 people
• By 2030: 1,556,890 · +6.9%
• By 2040: 1,757,349 · +20.7%
• By 2050: 1,950,539 · +34.0%
• By 2075: 2,376,171 · +63.2%
• By 2100: 2,636,796 · +81.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Black (63%)
• Race & ethnicity: Black 63% White 23% Hispanic / Latino 9% Two or more races 5%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Swiss 1% Slovak 1%
• Foreign-born: 11% · Canada
• Languages at home: 87% English-only · Spanish 7% French/Haitian/Cajun 1%

Political lean MEDSL · Franklin

• 2024 margin: Strong D (+28.4) · D 63.7% · R 35.3% · Other 1.0%
• 2008→2024 swing: +7.7pp toward D · 2008: 20.7pp · 2024: 28.4pp
• All cycles: 2024: D+28.4 2020: D+31.4 2016: D+25.9 2012: D+21.7 2008: D+20.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -193.50%
• Current HPI: 301.3767
• Rent YoY: ▲ 5.22%
• Metro: Columbus, OH
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

Industry mix (Fortune 500 HQ in OH)

Industry	F500 HQs	Revenue
▸Insurance	3	$145B
▸Industrial Machinery	3	$49B
▸Financial Services	3	$24B
▸Consumer Goods	2	$93B
▸Aerospace / Defense	2	$47B
▸Utilities	2	$33B

Price history

+50.2% since first listed

14 events — show timeline

• 2026-04-28 Pending — CBRMLS
• 2026-04-07 Listed $150,000 CBRMLS
• 2019-08-09 Sold (Public Records) $103,000 Public Records
• 2019-06-04 Sold (MLS) $103,000 CBRMLS
• 2019-04-15 Contingent — CBRMLS
• 2019-04-12 Relisted — CBRMLS
• 2019-03-03 Contingent — CBRMLS
• 2019-02-08 Listing Removed — CBRMLS
• 2019-01-30 Relisted — CBRMLS
• 2019-01-23 Listed $140,000 CBRMLS
• 2019-01-22 Contingent — CBRMLS
• 2018-10-30 Relisted — CBRMLS
• 2018-09-11 Contingent — CBRMLS
• 2018-08-06 Listed $99,900 CBRMLS

Property tax history

+9.4%/yr

Latest (2024): $2,498 · +1.3% YoY. Source: county tax records.