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214 Georgian Way
D- Composite 35.54
Why this score? — see what drove the D- 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 +9.0/15.0
  • Cash flow +8.3/30.0
  • Condition / age +5.0/5.0
  • Livability +3.4/5.0
  • Rent growth +3.0/5.0
  • 1% rule +2.8/10.0
  • DSCR +2.3/10.0
  • Schools +1.8/10.0
  • Appreciation +0.0/10.0

$314,900

214 Georgian Way · Heron Bay, GA 30248
4 bd · 2.0 ba · 1,844 sqft · SingleFamily public records · 39 Days on market
Built 2023 Excellent condition 6,534 sqft lot Garage $171/sqft · at area comps Est $326k · at est. $51/mo HOA · 2% of rent ↓ 10% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

PRICED TO SELL, LIKE NEW 4-BEDROOM RANCH homes are a rare find - this one checks every box! Built in 2023 and located in the peaceful Greyson Parc community, this move-in-ready beauty combines modern style, easy one-level living, and a great location. Step inside the open and airy split-bedroom floor plan, featuring fresh paint and plenty of room to relax or entertain. The show-stopping kitchen is the heart of the home with granite countertops, a walk-in pantry, stainless steel appliances, and an oversized island perfect for casual cooking and fun with family and friends. A primary bedroom suite with a five-foot shower and roomy walk-in closet completes the home.

Key facts

  • Granite countertops
  • Oversized island
  • Walk-in pantry

Tags

SHOW-STOPPING KITCHENGRANITE COUNTERTOPSWALK-IN PANTRYSTAINLESS STEEL APPLIANCESOVERSIZED ISLANDPRIMARY BEDROOM SUITE

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 4-bed/2.0-bath single-family listed at $315k. Condition is rated excellent.

Deal economics

  • At list price, monthly cash flow is $-288 ($-3k/yr) — negative.
  • To cash-flow at today's rent, offer at most $264k (16.1% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $246k (22.0% below list).
  • Recommended offer: $246k (22.0% below list) — sets the bar for 1% rule.
  • Cap rate 5.2% vs local median 4.3% in Heron Bay — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

  • Location reads 67/100 on livability (#159 in GA) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, health & safety F.
  • Griffin-Spalding County (suburban): math 13% / reading 19% proficiency, ranked #151 of 174 in GA (top 87%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Zoned schools: Jordan Hill Road Elementary School (math 17% / reading 22%, grade F, #878 of 1,228 statewide, top 75%, 356 students, 98% FRL); Kennedy Road Middle School (math 11% / reading 20%, grade F, #392 of 470 statewide, top 84%, 477 students, 98% FRL); Spalding High School (math 11% / reading 25%, grade F, #258 of 424 statewide, top 62%, 1,252 students, 67% FRL) — zoned schools average 88% FRL vs 68% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents rising (+2.2%/yr); 819 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 30d on market — plan ~3-4 weeks tenant-placement turnaround); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 342 units permitted in Spalding County in 2024 (0 in 5+ unit buildings).
  • This rent runs 35% of the median local income ($84k/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 $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
  • Spalding County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

  • It's been on market 39 days — a 3% lower offer ($305k) is reasonable based on typical stale-listing flexibility.
  • 5 sale attempts 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

  • Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $245,582 (22.0% below list)

Questions for the listing agent

  1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
  2. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
  6. 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.
  7. 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.
  8. 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
0.78% ✗
Cap rate
5.20%
Cash-on-cash
-3.91%
DSCR
0.83
GRM
10.7

CMA / ARV

ARV (median comp)
$325,838
List price
$314,900
Delta
-3.36%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
118 Chesapeake Bay Drive North Dr 0.23mi 4/2.5 1,801 (-2%) 19mo $299,990 $167 68
164 Lantana Dr 0.63mi 3/2.0 (-1) 1,857 (+1%) 5mo $275,000 $148 60
362 Southgate Dr 0.65mi 3/2.0 (-1) 1,883 (+2%) 3mo $295,000 $157 58
2728 Sandalwood Cir 0.37mi 3/2.5 (-1) 2,003 (+9%) 14mo $285,000 $142 49
317 Southgate Dr 0.52mi 4/3.0 2,079 (+13%) 4mo $399,000 $192 48
223 Gilliam Ct 0.70mi 3/2.0 (-1) 1,929 (+5%) 14mo $289,900 $150 43
239 Gilliam Ct 0.66mi 3/2.0 (-1) 1,933 (+5%) 16mo $270,000 $140 43
352 Southgate Dr 0.61mi 3/2.0 (-1) 1,976 (+7%) 15mo $299,000 $151 42
407 Black Fox Dr 0.43mi 4/3.5 2,055 (+11%) 17mo $400,000 $195 41
349 Southgate Dr 0.55mi 3/2.0 (-1) 1,997 (+8%) 18mo $305,000 $153 41
150 Cottage Club Dr 0.75mi 3/3.0 (-1) 2,109 (+14%) 3mo $295,000 $140 30
126 Cottage Club Dr 0.68mi 3/3.0 (-1) 2,109 (+14%) 16mo $340,000 $161 22

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 · 2.16% rent growth · sell at horizon

5-year hold
IRR
-23.8%
Equity multiple
0.19×
Total profit
$-71,337
Equity at exit
$46,953
10-year hold
IRR
-21.3%
Equity multiple
-0.06×
Total profit
$-93,735
Equity at exit
$27,227

Cash invested: $88,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
90 Strongly Landlord-Friendly
State Georgia
90 Strongly Landlord-Friendly · R+3
County
— inherits STATE
City
— inherits STATE
Magistrate court evictions in 10-30 days; no rent control; preempted; few tenant protections.
Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
8 active · 11 under contract
Months of supply
5.3 mo (19%/mo absorbed)
Median asking
$326,250 ($159/sqft)
Median days on market
92 d
This list price
38% of active listings are priced below it
ARV vs active asking
+11.0% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 30248

Home prices YoY
-21.0%
Rents YoY
2.2%
Active inventory
819
Price-to-rent
10.7×

Monthly cashflow live

Estimated rent
$2,456 high interval (Pro) →
Mortgage (P&I)
−$1,651
Tax from tax record
−$394 /mo · $4,730/yr
Insurance
−$131
HOA
−$51
Vacancy / Maint / Mgmt
−$516
Net cashflow
$-288

Break-even live

Break-even rent $2,820
Max offer price $264,087
Occupancy floor —

Sensitivity live

Price -10% $-109 -5% $-199 +0% $-288 +5% $-377 +10% $-466
Rent -10% $-482 -5% $-385 +0% $-288 +5% $-191 +10% $-94
Rate -1.0pp $-129 -0.5pp $-208 base $-288 +0.5pp $-369 +1.0pp $-452

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
$78,725
Closing costs
$9,447
Reserves months
—
Total cash needed
—

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Short-term bridge; refi at stabilization.

Rent comps 25 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
304 Coronado Dr Locust Grove, GA 5.0 2.5 2302 $2,500 $1.09 33d 1 0.01mi
111 Bantry Way Locust Grove, GA 4.0 2.5 2440 $3,000 $1.23 3d 1 0.08mi
132 Saginaw Ct Locust Grove, GA 3.0 2.5 1474 $2,150 $1.46 96d 1 0.14mi
132 Saginaw Ct Locust Grove, GA 3.0 2.5 1474 $2,100 $1.42 10d 1 0.14mi
136 Saginaw Ct Locust Grove, GA 3.0 2.5 1421 $1,735 $1.22 90d 1 0.14mi
125 N Chesapeake Bay Dr Locust Grove, GA 4.0 3.0 1870 $2,550 $1.36 21d 1 0.23mi
125 N Chesapeake Bay Dr Locust Grove, GA 4.0 2.5 1870 $2,450 $1.31 10d 1 0.23mi
602 Jervis Way Locust Grove, GA 3.0 2.5 1474 $1,795 $1.22 10d 1 0.30mi
2808 Harcourt Dr Locust Grove, GA 4.0 2.5 2554 $2,015 $0.79 38d 1 0.40mi
2505 Mockingbird Ln Locust Grove, GA 4.0 2.5 2142 $2,130 $0.99 43d 1 0.43mi
605 Needle Rush Cir Locust Grove, GA 4.0 3.0 2259 $2,335 $1.03 51d 1 0.60mi
117 Cottage Club Dr Locust Grove, GA 3.0 3.0 2109 $1,995 $0.95 184d 1 0.62mi
552 Howell Dr Locust Grove, GA 4.0 3.0 2558 $2,149 $0.84 0d 1 0.66mi
231 Gilliam Ct Locust Grove, GA 3.0 2.0 2088 $2,123 $1.02 27d 1 0.70mi
421 Eglington Trl Locust Grove, GA 3.0 2.0 1920 $2,015 $1.05 94d 1 0.73mi
704 Jonquil Ct Locust Grove, GA 4.0 3.0 2106 $2,400 $1.14 0d 1 0.74mi
409 Mazley Dr Locust Grove, GA 4.0 2.0 1856 $2,040 $1.10 138d 1 0.78mi
112 Garrison Ln Locust Grove, GA 4.0 2.5 2165 $2,095 $0.97 100d 1 0.81mi
222 High Court Way Locust Grove, GA 3.0 3.0 2259 $2,239 $0.99 0d 1 0.88mi
920 Piedmont Dr Locust Grove, GA 4.0 2.5 2403 $2,200 $0.92 29d 1 0.99mi
1012 Levista Dr Locust Grove, GA 3.0 2.0 2335 $1,869 $0.80 10d 1 1.00mi
1216 Nottley Dr Locust Grove, GA 4.0 2.5 2579 $2,085 $0.81 0d 1 1.03mi
1215 Nottley Dr Locust Grove, GA 5.0 3.0 2550 $2,110 $0.83 0d 1 1.06mi
1225 Nottley Dr Locust Grove, GA 4.0 2.5 2475 $2,170 $0.88 92d 1 1.06mi
1235 Nottley Dr Locust Grove, GA 4.0 2.5 2489 $2,200 $0.88 110d 1 1.08mi

Property features AI

Finance

Other
Listing accepts Cash, Conventional, FHA, USDA Loan, and VA LoanListing sold As Is; Short Sale condition noted
HOA & community
Homeowners association (monthly fee of 615)HOA covers management, reserve fund, swimming (pool), and other itemsCommunity amenities include clubhouse, pool, sidewalks, and street lights

Exterior

Parking
Garage with garage door opener
Security
Smoke detector(s)
Utilities
Public waterPublic sewer220-volt electricCable availableElectricity availableSewer connectedUnderground utilitiesWater availableOther utilities
Home design
Single-family residence (house)One levelResale propertySubdivision: Greyson ParcLocated on a cul-de-sac and backing to/near greenbelt
Construction
Built in 2023Composition roofSlab foundationConstruction materials include press board and other
Exterior features
PatioDouble pane windowsFencing: otherOther exterior features

Interior

Kitchen
DishwasherDisposalMicrowaveElectric water heater
Bedrooms
4 bedrooms (all on the main level)
Flooring
CarpetLaminateOther
Bathrooms
2 full bathrooms (both on the main level)
Heating & cooling
Central heatingElectric heatingHeat pumpOther heatingCentral airOther cooling
Interior features
Walk-in closet(s)Dining room / living room comboKitchen islandWalk-in pantryFamily room
Laundry & utility
Laundry: other (details not specified)

Listing history 50 events

  1. 2026-11-08
    days on market $314,900 Active 39 DOM
  2. 2026-11-07
    days on market $314,900 Active 38 DOM
  3. 2026-11-06
    days on market $314,900 Active 37 DOM
  4. 2026-11-05
    days on market $314,900 Active 36 DOM
  5. 2026-11-04
    days on market $314,900 Active 35 DOM
  6. 2026-11-02
    days on market $314,900 Active 33 DOM
  7. 2026-11-01
    days on market $314,900 Active 32 DOM
  8. 2026-10-31
    days on market $314,900 Active 31 DOM
  9. 2026-10-30
    days on market $314,900 Active 30 DOM
  10. 2026-10-29
    days on market $314,900 Active 29 DOM
  11. 2026-10-28
    days on market $314,900 Active 28 DOM
  12. 2026-10-27
    days on market $314,900 Active 27 DOM
  13. 2026-10-26
    days on market $314,900 Active 26 DOM
  14. 2026-10-26
    days on market $314,900 Active 25 DOM
  15. 2026-10-24
    days on market $314,900 Active 24 DOM
  16. 2026-10-23
    days on market $314,900 Active 23 DOM
  17. 2026-10-22
    days on market $314,900 Active 22 DOM
  18. 2026-10-21
    days on market $314,900 Active 21 DOM
  19. 2026-10-20
    days on market $314,900 Active 20 DOM
  20. 2026-10-19
    days on market $314,900 Active 19 DOM
  21. 2026-10-18
    days on market $314,900 Active 18 DOM
  22. 2026-10-17
    days on market $314,900 Active 17 DOM
  23. 2026-10-16
    days on market $314,900 Active 16 DOM
  24. 2026-10-15
    days on market $314,900 Active 15 DOM
  25. 2026-10-14
    statusdays on market $314,900 Active 14 DOM
  26. 2026-10-13
    days on market $314,900 New 13 DOM
  27. 2026-10-12
    days on market $314,900 New 12 DOM
  28. 2026-10-11
    days on market $314,900 New 11 DOM
  29. 2026-10-10
    days on market $314,900 New 10 DOM
  30. 2026-10-09
    days on market $314,900 New 9 DOM
  31. 2026-10-08
    days on market $314,900 New 8 DOM
  32. 2026-10-07
    days on market $314,900 New 7 DOM
  33. 2026-10-06
    days on market $314,900 New 6 DOM
  34. 2026-10-05
    days on market $314,900 New 5 DOM
  35. 2026-10-04
    days on market $314,900 New 4 DOM
  36. 2026-10-03
    days on market $314,900 New 3 DOM
  37. 2026-10-02
    days on market $314,900 New 2 DOM
  38. 2026-10-01
    statusdays on marketlisting id $314,900 New 1 DOM
  39. 2026-09-30
    days on market $314,900 Active 100 DOM
  40. 2026-09-29
    days on market $314,900 Active 99 DOM
  41. 2026-09-28
    days on market $314,900 Active 98 DOM
  42. 2026-09-27
    days on market $314,900 Active 97 DOM
  43. 2026-09-26
    days on market $314,900 Active 96 DOM
  44. 2026-09-25
    days on market $314,900 Active 95 DOM
  45. 2026-09-24
    days on market $314,900 Active 94 DOM
  46. 2026-09-23
    days on market $314,900 Active 93 DOM
  47. 2026-09-22
    days on market $314,900 Active 92 DOM
  48. 2026-09-21
    days on market $314,900 Active 91 DOM
  49. 2026-09-20
    days on market $314,900 Active 90 DOM
  50. 2026-09-19
    days on market $314,900 Active 89 DOM

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

Tax reassessment forecast GA · Resets to sale price

Current annual tax
$4,730 · $394/mo
Projected year-2 tax
$4,730 · $394/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 3/10 Moderate
  • 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 17 d/yr by 30 yrs out
  • 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
  • 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$29,470
− Mortgage interest
−$17,639
− Property taxes
−$4,730
− Insurance
−$1,574
− Repairs & maintenance
−$2,358
− Management
−$2,358
− HOA
−$612
− Depreciation
−$9,161
Taxable loss
−$8,962
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$2,151
After-tax cash flow
$-1,301/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.

Condition & rehab AI · 12 photos

Excellent 100/100 None rehab

This move-in-ready ranch home, built in 2023, offers modern amenities and a peaceful location. With fresh paint, granite countertops, and a new roof, it's ready for a new owner.

Value-add opportunities

  • Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics ↑
  • Both Landscaping improvements — Enhances curb appeal and adds value ↑
  • Both New flooring in bathrooms — Improves functionality and aesthetics ↑
F Composite school gradezoned avg 18/100

Zoned Schools

Elementary Jordan Hill Road Elementary School F GA #878/1,228 Nat'l #33,738/41,679 Middle Kennedy Road Middle School F GA #392/470 Nat'l #12,557/14,009 High Spalding High School F GA #258/424 Nat'l #14,759/17,239

Schools (NCES district)

District
Griffin-Spalding County
NCES district ID
1302520
Math proficiency
13% ▼ -13.00%
Reading proficiency
19% ▼ -12.00%
Median HH income
$40,895
Composite
13.71/100
National rank
#9496
State rank
#151 of 174 in GA
C Composite livability gradescore 67/100

Livability — Heron Bay

Score
67/100
State rank
#159
US rank
#10151

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Heron Bay, GA
County
Henry County · 63,015 people
Metro
Atlanta-Sandy Springs-Alpharetta, GA
Population (ZIP)
36,038
Household income
$83,823
Rent vs Own
15.8% rent · 84.2% own
Severe rent burden
8% of renters

Population outlook (Spalding County) Hauer SSP2

Today (2025)
63,015 people
By 2030
61,689 · -2.1%
By 2040
57,932 · -8.1%
By 2050
53,474 · -15.1%
By 2075
43,228 · -31.4%
By 2100
32,290 · -48.8%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.59)
Race & ethnicity
White 51% Black 37% Hispanic / Latino 9% Two or more races 5%
Hispanic origin (detail)
Mexican 3% Puerto Rican 3%
Languages at home
92% English-only · Spanish 6% French/Haitian/Cajun 1%

Political lean MEDSL · Spalding

2024 margin
R (+16.7) · D 41.4% · R 58.1%
2008→2024 swing
+2.1pp toward D · 2008: -18.8pp · 2024: -16.7pp
All cycles
2024: R+16.7 2020: R+20.8 2016: R+24.2 2012: R+20.0 2008: R+18.8

Not yet ingested

Civics
—

Price history

-10.0% since first listed
13 events — show timeline
  • 2026-09-30 Listing Removed — GAMLS
  • 2026-07-31 Listing Removed — GAMLS
  • 2026-06-25 Price Changed $314,900 GAMLS
  • 2026-06-02 Listed $324,900 GAMLS
  • 2026-05-26 Listed $314,900 GAMLS
  • 2026-05-26 Listed $314,900 GAMLS
  • 2026-05-19 Price Changed $325,000 FMLS
  • 2026-05-19 Listing Removed — GAMLS
  • 2026-05-19 Listing Removed — FMLS
  • 2026-03-19 Price Changed $337,777 GAMLS
  • 2026-03-19 Price Changed $337,777 FMLS
  • 2025-11-19 Listed $350,000 GAMLS
  • 2025-11-19 Listed $350,000 FMLS

Property tax history

+187.3%/yr

Latest (2025): $4,730 · +6.0% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…