5952 Regal Glen Dr #104 · Delray Beach, FL 33437

$247,000

3 bd · 2.0 ba · 1,813 sqft · Condo public records · 92 Days on market

Built 1996 $1034/mo HOA · 31% of rent

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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 +14.4/30.0
• 1% rule +8.6/10.0
• ARV discount +7.5/15.0
• Appreciation +4.9/10.0
• DSCR +4.4/10.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

LOVELY GARDEN ENTRANCE, CARPORT PLUS ADDITIONAL PARKING SPACE, NEW KITCHEN CABINETS, NEWER A/C UNIT, DEN HAS BUILT-IN WALL UNIT AND BI-FOLD ENTRANCE DOORS, BUILT-IN WALL UNIT IN MASTER BEDROOM ALCOVE AREA + MANY MORE IMPROVEMENTS! * * * * SHOWCASE 72,000 SQ. FT. CLUBHOUSE WITH PROFESSIONAL THEATER, INDOOR POOL, FULL SERVICE CAFE, MANY CLUBS, 10 HAR-TRU TENNIS COURTS WITH PRO, A TRULY WONDERFUL LIFE STYLE COMMUNITY! * * * *

Key facts

• Pre-inspected
• Maintained grounds
• $1,034 HOA

Tags

• COVERED PARKING SPACE
• PRE-INSPECTED
• MAINTAINED GROUNDS
• RESORT-STYLE AMENITIES
• SHOPPING DINING MAJOR ROADWAYS

Property features AI

Finance

• Other: Senior community
• Financial info: Not pet-friendly (pets not allowed)
• HOA & community: Association amenities include clubhouse, indoor pool, outdoor pool, fitness center, sauna, tennis courts, pickleball courts, billiard and game rooms, library, business center, cafe/restaurant, lobby, community room, parking, elevator(s), manager on site, management, and internet included; Quarterly HOA fees (amount listed separately)

Exterior

• Parking: Assigned parking; Detached carport (1 covered carport space); Guest parking
• Security: Closed circuit cameras; Key card entry; Gated community (no guard); Security patrol
• Utilities: Public water; Public sewer; Cable available; Electricity available; Water connected
• Home design: Condominium; One story; Resale property; North-facing
• Construction: Concrete and stucco construction; Built with tile roofing
• Exterior features: Waterfront community (no private waterfront features listed); Tile roof

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Freezer; Electric water heater
• Bedrooms: Three bedrooms on the main level
• Flooring: Carpet; Tile
• Bathrooms: Two full bathrooms on the main level
• Heating & cooling: Central heating; Central air conditioning; Ceiling fans
• Interior features: Built-in features; Entrance foyer; Walk-in closet(s); Split bedroom layout; Blinds on windows
• Laundry & utility: In-unit laundry room with washer and dryer hookups; Laundry room sink; Inside laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $247k.

Deal economics

• At list price, monthly cash flow is $52 ($624/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $247k).
• Recommended offer: $225k (9.0% below list) — sets the bar for market timing.
• Cap rate 6.5% vs local median 4.3% in Delray Beach — 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 77/100 on livability (#202 in FL, #3,160 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, commute A-; Watch: cost of living C-, crime D-, amenities F.
• Palm Beach (suburban): math 46% / reading 53% proficiency, ranked #34 of 73 in FL (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+1.3%/yr); 479 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
• At $3,370/mo this rent would consume 50% of the median local household income ($81k/yr) (locally 902% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $1k of equity ($2k loan paydown + $-597 appreciation (-0.2% local appreciation)).
• Palm Beach County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 92 days — a 9% lower offer ($225k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 13y ago; this cycle's ask has dropped $18k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $150k; list at $247k implies a 65% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 31% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 5→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $224,770 (9.0% below list)

Questions for the listing agent

1. It's been on market 92 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. Crime grade is D 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?
8. 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.
9. 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.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.36% ✓
• Cap rate: 6.55%
• Cash-on-cash: 0.90%
• DSCR: 1.04
• GRM: 6.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-0.24% appreciation · 1.28% rent growth · sell at horizon

5-year hold

• IRR: -3.8%
• Equity multiple: 0.83×
• Total profit: $-11,836
• Equity at exit: $68,751

10-year hold

• IRR: 0.4%
• Equity multiple: 1.04×
• Total profit: $2,971
• Equity at exit: $80,307

Cash invested: $69,160 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33437

• Home prices YoY: -0.1%
• Rents YoY: 1.3%
• Active inventory: 479
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $3,370 high
• Mortgage (P&I): −$1,295
• Tax from tax record: −$178 /mo · $2,139/yr
• Insurance: −$103
• HOA: −$1,034
• Vacancy / Maint / Mgmt: −$708
• Net cashflow: $52

Break-even live

Break-even rent $3,304

Max offer price $247,000

Occupancy floor 93%

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: $61,750
• Closing costs: $7,410
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5952 Regal Glen Dr #103 Boynton Beach, FL	3.0	2.0	1813	$2,550	$1.41	24d	1	0.03mi
13297 Via Vulcanus Unit B Delray Beach, FL	2.0	2.0	1527	$3,000	$1.96	8d	1	0.34mi
13404 Brotherhood Way Delray Beach, FL	4.0	3.0	2509	$6,950	$2.77	22d	1	0.40mi
5574 Royal Lake Cir Boynton Beach, FL	3.0	2.0	1658	$5,000	$3.02	15d	1	0.44mi
12547 Imperial Isle Dr Boynton Beach, FL	2.0–3.0	2.0	1500	$4,500	$3.00	24d	2	0.48mi
13431 Amber Waves Ave Delray Beach, FL	2.0	2.0	1390	$3,500	$2.52	24d	1	0.49mi
12932 Anthorne Ln Boynton Beach, FL	4.0	3.5	2008	$3,750	$1.87	21d	1	0.61mi
13759 Date Palm Ct Unit A Delray Beach, FL	2.0	2.0	1247	$3,500	$2.81	24d	1	0.62mi
12390 Summer Springs Dr Boynton Beach, FL	3.0	2.0	1861	$3,300	$1.77	24d	1	0.62mi
5449 Grande Palm Cir Delray Beach, FL	3.0	2.5	1618	$4,000	$2.47	17d	1	0.64mi
5449 Grande Palm Cir Delray Beach, FL	3.0	2.5	1618	$4,000	$2.47	24d	1	0.64mi
13255 Royale Sabal Ct Delray Beach, FL	3.0	2.5	1618	$4,300	$2.66	24d	1	0.65mi
13657 Night Sky Pl Delray Beach, FL	2.0	2.0	1319	$3,200	$2.43	8d	1	0.69mi
13653 Jubilee Ln Delray Beach, FL	3.0	2.0	1305	$3,450	$2.64	14d	1	0.71mi
6038 Lasalle Rd Delray Beach, FL	2.0	2.0	1475	$2,100	$1.42	5d	1	0.73mi
12299 Forest Greens Dr Boynton Beach, FL	2.0	2.0	1310	$2,450	$1.87	17d	1	0.74mi
12654 Via Ravenna Boynton Beach, FL	3.0	2.0	1729	$3,500	$2.02	24d	1	0.75mi
5335 Vernio Ln Boynton Beach, FL	3.0	2.0	1798	$3,700	$2.06	24d	1	0.78mi
6599 Old Farm Trl #6599 Boynton Beach, FL	3.0	2.5	1441	$3,000	$2.08	24d	1	0.84mi
13776 Hero Path Delray Beach, FL	3.0	2.0	1319	$3,400	$2.58	24d	1	0.86mi
5260 Grande Palm Cir Delray Beach, FL	3.0	2.0	1464	$2,800	$1.91	24d	1	0.86mi
6633 Old Farm Trl Boynton Beach, FL	3.0	2.5	1441	$3,500	$2.43	24d	1	0.91mi
12118 Country Greens Blvd Boynton Beach, FL	3.0	2.0	1566	$3,000	$1.92	11d	1	0.94mi
13419 Noble Dr Delray Beach, FL	2.0	2.0	1410	$3,600	$2.55	17d	1	0.99mi
6685 Old Farm Trl Boynton Beach, FL	3.0	2.0	1361	$2,995	$2.20	24d	1	1.03mi
5200 Privet Pl Unit C Delray Beach, FL	2.0	2.0	1457	$1,850	$1.27	24d	1	1.07mi
6725 Old Farm Trl Boynton Beach, FL	3.0	2.5	1441	$3,000	$2.08	21d	1	1.11mi
5750 Fairway Park Ct #101 Boynton Beach, FL	3.0	2.0	1426	$1,850	$1.30	24d	1	1.12mi
1418 W Wickham Cir Unit B Delray Beach, FL	3.0	2.5	1316	$3,200	$2.43	17d	1	1.12mi
14050 Pacific Point Pl Delray Beach, FL	1.0–3.0	1.0–2.0	1033	$3,180	$3.08	2d	22	1.16mi
6812 Belmont Shore Dr Delray Beach, FL	3.0	2.5	2353	$4,250	$1.81	19d	1	1.17mi
5061 Nesting Way Unit D Delray Beach, FL	2.0	2.0	1255	$2,400	$1.91	24d	1	1.18mi
14111 Royal Vista Dr #404 Delray Beach, FL	2.0	2.0	1392	$3,200	$2.30	24d	1	1.21mi
14139 Nesting Way Unit A Delray Beach, FL	2.0	2.0	1255	$2,200	$1.75	12d	1	1.22mi
5550 Nepsa Way Delray Beach, FL	1.0–3.0	1.0–2.0	1035	$3,389	$3.27	1d	12	1.25mi
11690 Briarwood Cir Boynton Beach, FL	3.0	2.0	1952	$3,400	$1.74	24d	1	1.27mi
4574 Danson Way Delray Beach, FL	3.0	2.5	1654	$3,300	$2.00	24d	1	1.32mi
11853 Fountainside Cir Boynton Beach, FL	3.0	3.5	2410	$3,800	$1.58	24d	1	1.36mi
5256 Glenville Dr Boynton Beach, FL	3.0	2.0	2015	$5,000	$2.48	2d	1	1.46mi
14425 Amapola Way Delray Beach, FL	2.0	2.0	1406	$2,800	$1.99	5d	1	1.48mi

HOA detail condo

• Monthly dues: $1,034 · $12,408/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 20 events

1. 2026-06-18
   days on market $247,000 Active 92 DOM
2. 2026-06-17
   days on market $247,000 Active 91 DOM
3. 2026-06-16
   days on market $247,000 Active 90 DOM
4. 2026-06-15
   days on market $247,000 Active 89 DOM
5. 2026-06-13
   days on market $247,000 Active 87 DOM
6. 2026-06-09
   days on market $247,000 Active 83 DOM
7. 2026-06-08
   days on market $247,000 Active 82 DOM
8. 2026-06-07
   days on market $247,000 Active 81 DOM
9. 2026-06-04
   days on market $247,000 Active 78 DOM
10. 2026-06-03
    days on market $247,000 Active 77 DOM
11. 2026-06-02
    days on market $247,000 Active 76 DOM
12. 2026-06-01
    days on market $247,000 Active 75 DOM
13. 2026-05-31
    days on market $247,000 Active 74 DOM
14. 2026-03-19
    listed $265,000 Active
15. 2013-08-09
    soldstatus $150,000
16. 2013-07-30
    soldstatus $150,000 Closed 435-char remark

    Show marketing remark (435 chars)

    LOVELY GARDEN ENTRANCE, CARPORT PLUS ADDITIONAL PARKING SPACE, NEW KITCHEN CABINETS, NEWER A/C UNIT, DEN HAS BUILT-IN WALL UNIT AND BI-FOLD ENTRANCE DOORS, BUILT-IN WALL UNIT IN MASTER BEDROOM ALCOVE AREA + MANY MORE IMPROVEMENTS! * * * * SHOWCASE 72,000 SQ. FT. CLUBHOUSE WITH PROFESSIONAL THEATER, INDOOR POOL, FULL SERVICE CAFE, MANY CLUBS, 10 HAR-TRU TENNIS COURTS WITH PRO, A TRULY WONDERFUL LIFE STYLE COMMUNITY! * * * *

17. 2013-06-22
    status Pending 435-char remark

    Show marketing remark (435 chars)

    LOVELY GARDEN ENTRANCE, CARPORT PLUS ADDITIONAL PARKING SPACE, NEW KITCHEN CABINETS, NEWER A/C UNIT, DEN HAS BUILT-IN WALL UNIT AND BI-FOLD ENTRANCE DOORS, BUILT-IN WALL UNIT IN MASTER BEDROOM ALCOVE AREA + MANY MORE IMPROVEMENTS! * * * * SHOWCASE 72,000 SQ. FT. CLUBHOUSE WITH PROFESSIONAL THEATER, INDOOR POOL, FULL SERVICE CAFE, MANY CLUBS, 10 HAR-TRU TENNIS COURTS WITH PRO, A TRULY WONDERFUL LIFE STYLE COMMUNITY! * * * *

18. 2013-05-30
    status Pending 435-char remark

    Show marketing remark (435 chars)

    LOVELY GARDEN ENTRANCE, CARPORT PLUS ADDITIONAL PARKING SPACE, NEW KITCHEN CABINETS, NEWER A/C UNIT, DEN HAS BUILT-IN WALL UNIT AND BI-FOLD ENTRANCE DOORS, BUILT-IN WALL UNIT IN MASTER BEDROOM ALCOVE AREA + MANY MORE IMPROVEMENTS! * * * * SHOWCASE 72,000 SQ. FT. CLUBHOUSE WITH PROFESSIONAL THEATER, INDOOR POOL, FULL SERVICE CAFE, MANY CLUBS, 10 HAR-TRU TENNIS COURTS WITH PRO, A TRULY WONDERFUL LIFE STYLE COMMUNITY! * * * *

19. 2013-04-14
    historical Contingent 435-char remark

    Show marketing remark (435 chars)

    LOVELY GARDEN ENTRANCE, CARPORT PLUS ADDITIONAL PARKING SPACE, NEW KITCHEN CABINETS, NEWER A/C UNIT, DEN HAS BUILT-IN WALL UNIT AND BI-FOLD ENTRANCE DOORS, BUILT-IN WALL UNIT IN MASTER BEDROOM ALCOVE AREA + MANY MORE IMPROVEMENTS! * * * * SHOWCASE 72,000 SQ. FT. CLUBHOUSE WITH PROFESSIONAL THEATER, INDOOR POOL, FULL SERVICE CAFE, MANY CLUBS, 10 HAR-TRU TENNIS COURTS WITH PRO, A TRULY WONDERFUL LIFE STYLE COMMUNITY! * * * *

20. 2013-03-17
    listed $155,000 Price Change 435-char remark

    Show marketing remark (435 chars)

    LOVELY GARDEN ENTRANCE, CARPORT PLUS ADDITIONAL PARKING SPACE, NEW KITCHEN CABINETS, NEWER A/C UNIT, DEN HAS BUILT-IN WALL UNIT AND BI-FOLD ENTRANCE DOORS, BUILT-IN WALL UNIT IN MASTER BEDROOM ALCOVE AREA + MANY MORE IMPROVEMENTS! * * * * SHOWCASE 72,000 SQ. FT. CLUBHOUSE WITH PROFESSIONAL THEATER, INDOOR POOL, FULL SERVICE CAFE, MANY CLUBS, 10 HAR-TRU TENNIS COURTS WITH PRO, A TRULY WONDERFUL LIFE STYLE COMMUNITY! * * * *

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

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $2,139 · $178/mo
• Projected year-2 tax: $2,139 · $178/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 9/10 Extreme 5 d/yr ≥106°F today · 18 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $40,441
• − Mortgage interest: −$13,836
• − Property taxes: −$2,139
• − Insurance: −$1,235
• − Repairs & maintenance: −$3,235
• − Management: −$3,235
• − HOA: −$12,408
• − Depreciation: −$7,185
• Taxable loss: −$2,832
• Est. tax savings @ 24.0%: +$680
• After-tax cash flow: $1,303/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: Palm Beach
• NCES district ID: 1201500
• Math proficiency: 46% ▼ -16.00%
• Reading proficiency: 53% ▼ -4.00%
• Median HH income: $53,943
• Composite: 42.72/100
• National rank: #3160
• State rank: #34 of 73 in FL

Livability — Delray Beach

• Score: 77/100
• State rank: #202
• US rank: #3160

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Palm Beach County · 1,438,312 people
• City population: 123,167
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 37,229
• Household income: $80,710
• Rent vs Own: 14.5% rent · 85.5% own
• Severe rent burden: 902.0

Population outlook (Palm Beach County) Hauer SSP2

• Today (2025): 1,637,487 people
• By 2030: 1,743,255 · +6.5%
• By 2040: 1,948,712 · +19.0%
• By 2050: 2,132,979 · +30.3%
• By 2075: 2,530,027 · +54.5%
• By 2100: 2,706,979 · +65.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (68%)
• Race & ethnicity: White 68% Two or more races 13% Hispanic / Latino 12% Black 10% Asian 3%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 1% Dominican 1%
• Common ancestry: Scotch-Irish 8% Romanian 8% Hispanic 6%
• Foreign-born: 18% · Canada, Jamaica, Vietnam
• Languages at home: 78% English-only · Spanish 10% French/Haitian/Cajun 6% Other Indo-European 2%

Political lean MEDSL · Palm Beach

• 2024 margin: Toss-up / Even · D 50.0% · R 49.2%
• 2008→2024 swing: -22.1pp toward R · 2008: 22.9pp · 2024: 0.8pp
• All cycles: 2024: D+0.8 2020: D+12.8 2016: D+15.3 2012: D+17.0 2008: D+22.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.24%
• Current HPI: 257.5891
• Rent YoY: ▲ 1.28%
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+71.0% since first listed

7 events — show timeline

• 2026-03-19 Listed $265,000 Beaches MLS
• 2013-08-09 Sold (Public Records) $150,000 Public Records
• 2013-07-30 Sold (MLS) $150,000 Beaches MLS
• 2013-06-22 Pending — Beaches MLS
• 2013-05-30 Pending — Beaches MLS
• 2013-04-14 Contingent — Beaches MLS
• 2013-03-17 Listed $155,000 Beaches MLS

Property tax history

+2.2%/yr

Latest (2025): $2,139 · +15.5% YoY. Source: county tax records.