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2109 Willard Ave SE
F Composite 32.94
Why this score? — see what drove the F 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 +11.3/15.0
  • Cash flow +6.4/30.0
  • Livability +4.2/5.0
  • Condition / age +4.0/5.0
  • Rent growth +3.7/5.0
  • 1% rule +1.9/10.0
  • DSCR +0.7/10.0
  • Schools +0.7/10.0
  • Appreciation +0.0/10.0

$250,000

2109 Willard Ave SE · Grand Rapids, MI 49507
3 bd · 1.5 ba · 1,172 sqft · SingleFamily public records · 214 Days on market
Built 2023 Good condition 3,785 sqft lot $213/sqft · 30% above area Est $273k · 9% under $70/mo HOA · 4% of rent

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

Listing remarks MLS

Own a home for less in Grand Rapids. This brand-new, thoughtfully designed home offers modern finishes, energy-efficient construction, and a rare opportunity to buy below market value (typically ~25% less). Offered through the Dwelling Place Community Land Trust (CLT):You own the homeYou build equityYou can sell in the futureThe difference? The land is leased from a nonprofit (~$50/month), keeping your purchase price significantly lower. Low down payment options available, with monthly payments often comparable to rent. When you sell, you keep your equity plus a portion of the appreciation--creating a smart, stable path to homeownership. Income-qualified buyers only. Multiple homes available. Visit www. dpclt.org for details. Photos are of a similar model. Buyer and buyer's agent to verify all information.

Key facts

  • 3,785 sq ft lot
  • Built 2023
  • Listed 213 days

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 3-bed/1.5-bath single-family listed at $250k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-432 ($-5k/yr) — negative.
  • To cash-flow at today's rent, offer at most $187k (25.0% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $173k (30.9% below list).
  • Recommended offer: $173k (30.9% below list) — sets the bar for 1% rule.

Location & tenants

  • Location reads 83/100 on livability (#44 in MI, #939 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment C-, crime F.
  • Grand Rapids Public Schools (urban): math 15% / reading 29% proficiency, ranked #451 of 540 in MI (top 84%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Zoned schools: Brookside Elementary (math 2% / reading 8%, grade F, #1,325 of 1,397 statewide, top 99%, 280 students, 85% FRL); Alger Middle School (math 2% / reading 12%, grade F, #481 of 493 statewide, top 98%, 342 students, 95% FRL); City Middlehigh (math 65% / reading 88%, grade A-, #16 of 713 statewide, top 2%, 908 students, 40% FRL).
  • Market conditions: Rents rising fast (+4.7%/yr); 386 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,253 units permitted in Kent County in 2024 (969 in 5+ unit buildings).
  • This rent runs 34% of the median local income ($61k/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 $8k of value loss. Plan a longer hold.
  • Kent County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • It's been on market 214 days — a 12% lower offer ($220k) is reasonable based on typical stale-listing flexibility.
  • 6 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.
Recommended offer $172,852 (30.9% 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 214 days. Have you received any prior offers? Is the seller open to a 31% 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. 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. 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. 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?
  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 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
0.69% ✗
Cap rate
4.22%
Cash-on-cash
-7.41%
DSCR
0.67
GRM
12.1

CMA / ARV

ARV (median comp)
$273,330
List price
$250,000
Delta
-8.54%
Verdict
FAIR
Comps
4 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
318 Wesley St SE 1.24mi 3/2.0 1,234 (+5%) 9mo $300,000 $243 47
2909 Union Ave SE 0.99mi 3/1.0 1,268 (+8%) 4mo $218,500 $172 46
133 Wesley St SE 1.28mi 3/1.0 1,228 (+5%) 12mo $252,350 $205 45
464 Van Allen St SE 1.21mi 3/1.0 1,222 (+4%) 13mo $277,000 $227 45
116 Honeoye St SW 1.26mi 3/1.0 1,068 (-9%) 6mo $235,000 $220 43
511 Mae-thy 1.11mi 4/1.0 (+1) 1,048 (-11%) 8mo $255,000 $243 33
2924 Union Ave SE 1.01mi 3/1.5 958 (-18%) 9mo $250,000 $261 32
545 Van Allen St SE 1.17mi 2/2.0 (-1) 1,464 (+25%) 2mo $250,000 $171 31
12 Celia St SW 1.33mi 3/2.0 1,006 (-14%) 10mo $173,000 $172 31
116 32nd St SE 1.47mi 2/1.0 (-1) 882 (-25%) 5mo $237,500 $269 29
118 Canterbury St SW 1.31mi 2/1.0 (-1) 966 (-18%) 7mo $258,000 $267 27
104 Canterbury St SW 1.29mi 3/1.0 1,395 (+19%) 15mo $262,500 $188 25

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 · 4.74% rent growth · sell at horizon

5-year hold
IRR
-27.2%
Equity multiple
0.07×
Total profit
$-64,888
Equity at exit
$37,276
10-year hold
IRR
-19.6%
Equity multiple
-0.12×
Total profit
$-78,575
Equity at exit
$21,615

Cash invested: $70,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
62 Landlord-Friendly
State Michigan
62 Landlord-Friendly · EVEN
County
— inherits STATE
City
— inherits STATE
7-day pay-or-quit; mixed climate; Detroit/AA have some protections.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
31 active · 78 under contract
Months of supply
186.0 mo (1%/mo absorbed)
Median asking
$240,000 ($205/sqft)
Median days on market
81 d
This list price
61% of active listings are priced below it
ARV vs active asking
+13.7% above current asking $/sqft

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

ZIP-level market 49507

Rents YoY
4.7%
Active inventory
386
Price-to-rent
12.1×

Monthly cashflow live

Estimated rent
$1,729 high interval (Pro) →
Mortgage (P&I)
−$1,311
Tax est. 1.5%
−$312 /mo · $3,750/yr
Insurance
−$104
HOA
−$70
Vacancy / Maint / Mgmt
−$363
Net cashflow
$-432

Break-even live

Break-even rent $2,276
Max offer price $187,465
Occupancy floor —

Sensitivity live

Price -10% $-259 -5% $-346 +0% $-432 +5% $-519 +10% $-605
Rent -10% $-569 -5% $-500 +0% $-432 +5% $-364 +10% $-296
Rate -1.0pp $-306 -0.5pp $-369 base $-432 +0.5pp $-497 +1.0pp $-563

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
$62,500
Closing costs
$7,500
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 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
2017 Eastern Ave SE Grand Rapids, MI 2.0 1.0 1000 $1,175 $1.18 0d 1 0.21mi
2017 Eastern Ave SE Grand Rapids, MI 2.0 1.0 1000 $1,200 $1.20 36d 1 0.21mi
950 Merritt St SE Grand Rapids, MI 3.0 1.0 1000 $2,100 $2.10 184d 1 0.45mi
420 Griggs St SE Grand Rapids, MI 3.0 1.0 1400 $1,545 $1.10 22d 1 0.49mi
418 Griggs St SE Grand Rapids, MI 3.0 1.0 1400 $1,495 $1.07 24d 1 0.49mi
1031 Merrifield St SE Grand Rapids, MI 3.0 2.0 1238 $2,300 $1.86 155d 1 0.52mi
459 Dickinson St SE Grand Rapids, MI 2.0 1.0 731 $1,195 $1.63 184d 1 0.58mi
1057 Griggs St SE Grand Rapids, MI 2.0 1.0 1100 $1,550 $1.41 184d 1 0.68mi
1015 Dickinson St SE Grand Rapids, MI 2.0 1.0 1000 $1,375 $1.38 2d 1 0.71mi
2040 Division Ave S Unit 207 Grand Rapids, MI 2.0 1.0 768 $1,703 $2.22 7d 1 0.73mi
2254 Nelson Ave SE Apt D Grand Rapids, MI 2.0 1.0 750 $1,095 $1.46 36d 1 0.80mi
1220 Ottillia St SE Unit D Grand Rapids, MI 2.0 1.0 750 $1,150 $1.53 184d 1 0.80mi
2260 Nelson Ave SE Apt B Grand Rapids, MI 2.0 1.0 750 $1,095 $1.46 14d 1 0.81mi
2260 Nelson Ave SE Apt B Grand Rapids, MI 2.0 1.0 750 $1,095 $1.46 10d 1 0.81mi
851 Oakdale St SE Grand Rapids, MI 4.0 1.5 1342 $2,095 $1.56 43d 1 0.90mi
2870 Marshall Ave SE Grand Rapids, MI 2.0 1.0 900 $1,384 $1.54 10d 1 1.01mi
1515 Calvin Ave SE Grand Rapids, MI 3.0 1.5 1257 $2,500 $1.99 0d 1 1.07mi
1326 Boston St SE Grand Rapids, MI 3.0 2.0 912 $2,000 $2.19 9d 1 1.08mi
1326 Boston St SE Grand Rapids, MI 3.0 2.0 912 $2,150 $2.36 27d 1 1.08mi
1326 Boston St SE Grand Rapids, MI 3.0 2.0 912 $2,125 $2.33 13d 1 1.08mi
242 Elm St SW Grand Rapids, MI 2.0 1.5 1100 $3,200 $2.91 0d 1 1.15mi
1555 Margaret Ave SE Grand Rapids, MI 2.0 1.0 900 $1,500 $1.67 155d 1 1.20mi
19 La Belle St SE Grand Rapids, MI 2.0 1.0 846 $1,045 $1.24 184d 1 1.21mi
256 Dickinson St SW Grand Rapids, MI 3.0 1.0 1200 $3,100 $2.58 0d 1 1.25mi
1647 Sylvan Ave SE Grand Rapids, MI 4.0 2.0 1406 $2,300 $1.64 38d 1 1.26mi
1350 Giddings Ave SE Grand Rapids, MI 4.0 1.5 1478 $2,400 $1.62 40d 1 1.28mi
1110 Madison Ave SE #1 Grand Rapids, MI 3.0 1.0 900 $1,595 $1.77 10d 1 1.30mi
21 Rena St SW Grand Rapids, MI 4.0 1.5 1326 $1,695 $1.28 7d 1 1.35mi
1807 Jerome Ave SW Grand Rapids, MI 2.0 1.0 815 $1,495 $1.83 36d 1 1.36mi
1400 Rossman Ave SE Grand Rapids, MI 3.0 1.0 1400 $2,200 $1.57 184d 1 1.37mi
961 Eastern Ave SE Unit 963 Grand Rapids, MI 2.0 1.0 850 $1,050 $1.24 7d 1 1.38mi
1237 Colorado Ave SE Grand Rapids, MI 2.0 1.0 1122 $1,895 $1.69 17d 1 1.38mi
2951 Vineland Ave SE Apt 3 Grand Rapids, MI 3.0 2.5 1149 $1,895 $1.65 9d 1 1.39mi
3202 Marshall Ave SE Grand Rapids, MI 2.0 1.0 850 $1,095 $1.29 184d 1 1.39mi
3202 Marshall Ave SE Grand Rapids, MI 2.0 1.0 850 $1,195 $1.41 36d 1 1.39mi
2944 Vineland Ave SE Unit 2944 Grand Rapids, MI 2.0 1.0 1000 $1,450 $1.45 6d 1 1.40mi
2954 Vineland Ave SE Grand Rapids, MI 2.0 1.0 850 $1,500 $1.76 15d 1 1.41mi
2954 Vineland Ave SE Grand Rapids, MI 2.0 1.0 850 $1,500 $1.76 11d 1 1.41mi
2954 Vineland Ave SE Grand Rapids, MI 2.0 1.0 850 $1,500 $1.76 9d 1 1.41mi
2956 Vineland Ave SE Grand Rapids, MI 2.0 1.0 850 $1,500 $1.76 9d 1 1.41mi

Property features AI

Finance

HOA & community
Association fee $70 monthlyHas association

Exterior

Utilities
Public waterNatural gas connectedHigh-speed internet
Home design
Traditional-style single family residence2023 construction
Construction
Vinyl sidingComposition shingle roofBuilt in 2023
Exterior features
Paved road accessSidewalkLeased landShed(s)

Interior

Kitchen
DishwasherMicrowaveRangeRefrigerator
Bedrooms
Primary bedroom (11 x 11)Bedroom 2 (11 x 9)Bedroom 3 (13 x 11)
Bathrooms
1 full bathroom1 half bathroom
Heating & cooling
Forced air heatingHas cooling
Interior features
Insulated windows8 total roomsFull basement
Laundry & utility
Electric water heater

Listing history 50 events

  1. 2026-11-08
    days on market $250,000 Active 214 DOM
  2. 2026-11-07
    days on market $250,000 Active 213 DOM
  3. 2026-11-06
    days on market $250,000 Active 212 DOM
  4. 2026-11-05
    days on market $250,000 Active 211 DOM
  5. 2026-11-04
    days on market $250,000 Active 210 DOM
  6. 2026-11-02
    days on market $250,000 Active 208 DOM
  7. 2026-11-01
    days on market $250,000 Active 207 DOM
  8. 2026-10-31
    days on market $250,000 Active 206 DOM
  9. 2026-10-30
    days on market $250,000 Active 205 DOM
  10. 2026-10-29
    days on market $250,000 Active 204 DOM
  11. 2026-10-28
    days on market $250,000 Active 203 DOM
  12. 2026-10-27
    days on market $250,000 Active 202 DOM
  13. 2026-10-26
    days on market $250,000 Active 201 DOM
  14. 2026-10-26
    days on market $250,000 Active 200 DOM
  15. 2026-10-24
    days on market $250,000 Active 199 DOM
  16. 2026-10-23
    days on market $250,000 Active 198 DOM
  17. 2026-10-22
    days on market $250,000 Active 197 DOM
  18. 2026-10-21
    days on market $250,000 Active 196 DOM
  19. 2026-10-20
    days on market $250,000 Active 195 DOM
  20. 2026-10-19
    days on market $250,000 Active 194 DOM
  21. 2026-10-18
    days on market $250,000 Active 193 DOM
  22. 2026-10-17
    days on market $250,000 Active 192 DOM
  23. 2026-10-16
    days on market $250,000 Active 191 DOM
  24. 2026-10-15
    days on market $250,000 Active 190 DOM
  25. 2026-10-14
    days on market $250,000 Active 189 DOM
  26. 2026-10-13
    days on market $250,000 Active 188 DOM
  27. 2026-10-12
    days on market $250,000 Active 187 DOM
  28. 2026-10-11
    days on market $250,000 Active 186 DOM
  29. 2026-10-10
    days on market $250,000 Active 185 DOM
  30. 2026-10-09
    days on market $250,000 Active 184 DOM
  31. 2026-10-08
    days on market $250,000 Active 183 DOM
  32. 2026-10-07
    days on market $250,000 Active 182 DOM
  33. 2026-10-06
    days on market $250,000 Active 181 DOM
  34. 2026-10-05
    days on market $250,000 Active 180 DOM
  35. 2026-10-04
    days on market $250,000 Active 179 DOM
  36. 2026-10-04
    days on market $250,000 Active 178 DOM
  37. 2026-10-02
    days on market $250,000 Active 177 DOM
  38. 2026-10-01
    days on market $250,000 Active 176 DOM
  39. 2026-09-30
    days on market $250,000 Active 175 DOM
  40. 2026-09-29
    days on market $250,000 Active 174 DOM
  41. 2026-09-28
    days on market $250,000 Active 173 DOM
  42. 2026-09-27
    days on market $250,000 Active 172 DOM
  43. 2026-09-25
    days on market $250,000 Active 170 DOM
  44. 2026-09-24
    days on market $250,000 Active 169 DOM
  45. 2026-09-23
    days on market $250,000 Active 168 DOM
  46. 2026-09-22
    days on market $250,000 Active 167 DOM
  47. 2026-09-21
    days on market $250,000 Active 166 DOM
  48. 2026-09-20
    days on market $250,000 Active 165 DOM
  49. 2026-09-19
    days on market $250,000 Active 164 DOM
  50. 2026-09-18
    days on market $250,000 Active 163 DOM

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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$20,742
− Mortgage interest
−$14,004
− Property taxes
−$3,750
− Insurance
−$1,250
− Repairs & maintenance
−$1,659
− Management
−$1,659
− HOA
−$840
− Depreciation
−$7,273
Taxable loss
−$9,693
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$2,326
After-tax cash flow
$-2,860/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

Good 80/100 None rehab

This brand-new, thoughtfully designed home offers modern finishes, energy-efficient construction, and a rare opportunity to buy below market value. The property is in excellent condition with no visible repairs needed.

Value-add opportunities

  • Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics. ↑
  • Both Landscaping and curb appeal improvements — Improves curb appeal and enhances property value. ↑
  • Both Add a small front porch or entryway — Enhances curb appeal and provides a welcoming entrance. ↑
F Composite school gradezoned avg 7/100

Zoned Schools

Elementary Brookside Elementary F MI #1,325/1,397 Nat'l #40,579/41,679 Middle Alger Middle School F MI #481/493 Nat'l #13,663/14,009 High Ottawa Hills High School F MI #659/713 Nat'l #15,975/17,239

Schools (NCES district)

District
Grand Rapids Public Schools
NCES district ID
2616440
Math proficiency
15% ▼ -5.00%
Reading proficiency
29% ▼ -1.00%
Median HH income
$40,612
Composite
18.62/100
National rank
#8899
State rank
#451 of 540 in MI
A Composite livability gradescore 83/100

Livability — Grand Rapids

Score
83/100
State rank
#44
US rank
#939

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
Grand Rapids, MI
County
Kent County · 712,484 people
City population
181,325
Metro
Grand Rapids-Kentwood, MI
Population (ZIP)
38,487
Household income
$61,461
Rent vs Own
38.0% rent · 62.0% own
Severe rent burden
11% of renters

Population outlook (Kent County) Hauer SSP2

Today (2025)
712,484 people
By 2030
748,618 · +5.1%
By 2040
814,777 · +14.4%
By 2050
868,556 · +21.9%
By 2075
966,487 · +35.7%
By 2100
967,975 · +35.9%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Highly diverse neighborhood (Simpson 0.71)
Race & ethnicity
Hispanic / Latino 31% Black 31% White 30% Two or more races 21%
Hispanic origin (detail)
Mexican 18% Puerto Rican 3% Dominican 1%
Languages at home
71% English-only · Spanish 23% Arabic 1% Other Indo-European 1%

Political lean MEDSL · Kent

2024 margin
Lean D (+5.4) · D 51.8% · R 46.5% · Other 1.7%
2008→2024 swing
+4.8pp toward D · 2008: 0.5pp · 2024: 5.4pp
All cycles
2024: D+5.4 2020: D+6.1 2016: R+3.1 2012: R+7.9 2008: D+0.5

Not yet ingested

Civics
—

Price history

+0.0% since first listed
8 events — show timeline
  • 2026-04-08 Listed $261,000 REALCOMP
  • 2026-04-08 Listed $261,000 MiRealSource-MiMLS
  • 2026-04-08 Listed $261,000 SW Michigan MLS
  • 2026-03-03 Listing Removed — MiRealSource-MiMLS
  • 2026-03-02 Listing Removed — Greater Lansing AoR
  • 2025-03-04 Listed $261,000 REALCOMP
  • 2025-03-03 Listed $261,000 Greater Lansing AoR
  • 2025-03-03 Listed $261,000 MiRealSource-MiMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…