16905 Rich Pines Dr · Grangerland, TX 77302

$200,000

3 bd · 2.0 ba · 1,556 sqft · SingleFamily public records · 164 Days on market

Built 2020 Good condition 8,250 sqft lot $129/sqft · 10% below area Est $222k · 10% under $54/mo HOA · 3% of rent ↓ 20% since listing

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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 +12.0/15.0
• Cash flow +7.9/30.0
• Schools +5.1/10.0
• 1% rule +4.9/10.0
• Condition / age +3.8/5.0
• Rent growth +3.3/5.0
• Livability +2.5/5.0
• DSCR +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Well-maintained 3-bedroom, 2-bath, 2-car garage home with all appliances conveying, including the washer and dryer. The water softener located in the garage also stays with the home. The beautiful designed kitchen features an island, for everyday living and entertaining. The elegant designed faucet and the beautiful lightening has much to be desired. The subdivision offers excellent amenities, including a park with a covered pavilion, community pool, and walking trails. The community also features a convenient on-site elementary school. Come and enjoy your home.

Key facts

• Community pool
• Well maintained
• Kitchen island

Tags

• WELL MAINTAINED
• KITCHEN ISLAND
• COMMUNITY POOL
• WALKING TRAILS
• ON SITE ELEMENTARY SCHOOL

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $200k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-215 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $162k (19.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $198k (1.1% below list).
• Recommended offer: $162k (19.0% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Conroe ISD (other): math 57% / reading 57% proficiency, ranked #69 of 826 in TX (top 8%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Milam El (math 49% / reading 35%, grade F, #1,335 of 4,322 statewide, top 33%, 524 students, 82% FRL); Moorhead J H (math 35% / reading 42%, grade F, #704 of 1,662 statewide, top 43%, 1,391 students, 82% FRL); Conroe H S (math 32% / reading 51%, grade F, #767 of 1,632 statewide, top 47%, 4,915 students, 61% FRL) — zoned schools average 75% FRL vs 34% district-wide (40 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 41% at this address vs 57% district-wide (-16 pts) — the specific schools serving this property underperform the Conroe ISD average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+3.3%/yr); 1117 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 13,259 units permitted in Montgomery County in 2024 (1,402 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Montgomery County population projected at +65% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 164 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $50k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.5% of price.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $162,090 (19.0% 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 164 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.99% ✗
• Cap rate: 5.01%
• Cash-on-cash: -4.60%
• DSCR: 0.80
• GRM: 8.4

CMA / ARV

• ARV (median comp): $222,149
• List price: $200,000
• Delta: -9.97%
• 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
14166 Granger Pointe Ln	0.42mi	4/2.0 (+1)	1,557 (+0%)	2mo	$260,040	$167	74
14158 Granger Pointe Ln	0.44mi	4/2.0 (+1)	1,557 (+0%)	2mo	$254,040	$163	73
14150 Granger Pointe	0.45mi	3/2.0	1,440 (-8%)	0mo	$213,790	$148	66
14170 Granger Pointe Ln	0.41mi	3/2.0	1,426 (-8%)	0mo	$227,940	$160	66
14162 Granger Pointe Ln	0.43mi	3/2.0	1,426 (-8%)	1mo	$214,590	$150	66
14312 Grey Pointe Ct	0.45mi	3/2.0	1,440 (-8%)	2mo	$236,940	$165	65
14171 Granger Pointe Ln	0.41mi	3/2.0	1,405 (-10%)	0mo	$239,540	$170	64
16891 Needlepoint Dr	0.59mi	4/2.0 (+1)	1,582 (+2%)	1mo	$224,900	$142	64
15427 Woody Haven Dr	0.72mi	3/2.0	1,516 (-3%)	1mo	$249,990	$165	61
16269 Parish Pointe Ct	0.67mi	3/2.0	1,688 (+8%)	0mo	$267,240	$158	54
16261 Parish Pointe Ct	0.69mi	3/2.0	1,688 (+8%)	0mo	$266,240	$158	53
15623 Tranquil Pines St	0.68mi	3/2.0	1,697 (+9%)	1mo	$254,990	$150	53

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 · 3.3% rent growth · sell at horizon

5-year hold

• IRR: -23.4%
• Equity multiple: 0.19×
• Total profit: $-45,205
• Equity at exit: $29,821

10-year hold

• IRR: -16.8%
• Equity multiple: 0.05×
• Total profit: $-53,383
• Equity at exit: $17,292

Cash invested: $56,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 77302

• Rents YoY: 3.3%
• Active inventory: 1117
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,978 medium
• Mortgage (P&I): −$1,049
• Tax from tax record: −$591 /mo · $7,094/yr
• Insurance: −$83
• HOA: −$54
• Vacancy / Maint / Mgmt: −$415
• Net cashflow: $-215

Break-even live

Break-even rent $2,250

Max offer price $162,090

Occupancy floor —

Sensitivity live

Price	-10% $-101	-5% $-158	+0% $-215	+5% $-271	+10% $-328
Rent	-10% $-371	-5% $-293	+0% $-215	+5% $-136	+10% $-58
Rate	-1.0pp $-114	-0.5pp $-164	base $-215	+0.5pp $-266	+1.0pp $-319

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16703 Twisted Pine Dr Conroe, TX	3.0–4.0	2.0–3.0	1671	$1,900	$1.14	0d	13	0.38mi
17892 Brown Rd Conroe, TX	2.0	2.0	1500	$1,300	$0.87	21d	1	1.04mi
15271 Country West Dr Conroe, TX	3.0	2.0	1568	$1,350	$0.86	45d	1	1.29mi

HOA detail

• Monthly dues: $54 · $648/yr
• Likely covers: waterpool

Listing history 28 events

1. 2026-06-21
   days on market $200,000 Active 164 DOM
2. 2026-06-18
   days on market $200,000 Active 161 DOM
3. 2026-06-17
   days on market $200,000 Active 160 DOM
4. 2026-06-16
   days on market $200,000 Active 159 DOM
5. 2026-06-15
   days on market $200,000 Active 158 DOM
6. 2026-06-13
   days on market $200,000 Active 156 DOM
7. 2026-06-09
   days on market $200,000 Active 152 DOM
8. 2026-06-08
   days on market $200,000 Active 151 DOM
9. 2026-06-07
   days on market $200,000 Active 150 DOM
10. 2026-06-04
    days on market $200,000 Active 147 DOM
11. 2026-06-03
    days on market $200,000 Active 146 DOM
12. 2026-06-02
    days on market $200,000 Active 145 DOM
13. 2026-06-01
    days on market $200,000 Active 144 DOM
14. 2026-05-31
    days on market $200,000 Active 143 DOM
15. 2026-04-11
    price $200,000 568-char remark

    Show marketing remark (596 chars)

    Well-maintained 3-bedroom, 2-bath, 2-car garage home with all appliances conveying, including the washer and dryer. The water softener located in the garage also stays with the home. The beautiful designed kitchen features an island, ideal for everyday living and entertaining. The elegant designed faucet and the beautiful lightening has much to be desired. The subdivision offers excellent amenities, including a park with a covered pavilion, community pool, and walking trails. The community also features a convenient on-site elementary school. Come and enjoy your home. Motivated Seller.

16. 2026-04-11
    price $200,000 596-char remark

    Show marketing remark (596 chars)

    Well-maintained 3-bedroom, 2-bath, 2-car garage home with all appliances conveying, including the washer and dryer. The water softener located in the garage also stays with the home. The beautiful designed kitchen features an island, ideal for everyday living and entertaining. The elegant designed faucet and the beautiful lightening has much to be desired. The subdivision offers excellent amenities, including a park with a covered pavilion, community pool, and walking trails. The community also features a convenient on-site elementary school. Come and enjoy your home. Motivated Seller.

17. 2026-04-07
    price $212,900 568-char remark

    Show marketing remark (596 chars)

    Well-maintained 3-bedroom, 2-bath, 2-car garage home with all appliances conveying, including the washer and dryer. The water softener located in the garage also stays with the home. The beautiful designed kitchen features an island, ideal for everyday living and entertaining. The elegant designed faucet and the beautiful lightening has much to be desired. The subdivision offers excellent amenities, including a park with a covered pavilion, community pool, and walking trails. The community also features a convenient on-site elementary school. Come and enjoy your home. Motivated Seller.

18. 2026-04-07
    price $212,900 596-char remark

    Show marketing remark (596 chars)

    Well-maintained 3-bedroom, 2-bath, 2-car garage home with all appliances conveying, including the washer and dryer. The water softener located in the garage also stays with the home. The beautiful designed kitchen features an island, ideal for everyday living and entertaining. The elegant designed faucet and the beautiful lightening has much to be desired. The subdivision offers excellent amenities, including a park with a covered pavilion, community pool, and walking trails. The community also features a convenient on-site elementary school. Come and enjoy your home. Motivated Seller.

19. 2026-02-19
    price $215,000 568-char remark

    Show marketing remark (596 chars)

    Well-maintained 3-bedroom, 2-bath, 2-car garage home with all appliances conveying, including the washer and dryer. The water softener located in the garage also stays with the home. The beautiful designed kitchen features an island, ideal for everyday living and entertaining. The elegant designed faucet and the beautiful lightening has much to be desired. The subdivision offers excellent amenities, including a park with a covered pavilion, community pool, and walking trails. The community also features a convenient on-site elementary school. Come and enjoy your home. Motivated Seller.

20. 2026-02-19
    price $215,000 596-char remark

    Show marketing remark (596 chars)

    Well-maintained 3-bedroom, 2-bath, 2-car garage home with all appliances conveying, including the washer and dryer. The water softener located in the garage also stays with the home. The beautiful designed kitchen features an island, ideal for everyday living and entertaining. The elegant designed faucet and the beautiful lightening has much to be desired. The subdivision offers excellent amenities, including a park with a covered pavilion, community pool, and walking trails. The community also features a convenient on-site elementary school. Come and enjoy your home. Motivated Seller.

21. 2026-01-25
    price $245,000 568-char remark

    Show marketing remark (596 chars)

    Well-maintained 3-bedroom, 2-bath, 2-car garage home with all appliances conveying, including the washer and dryer. The water softener located in the garage also stays with the home. The beautiful designed kitchen features an island, ideal for everyday living and entertaining. The elegant designed faucet and the beautiful lightening has much to be desired. The subdivision offers excellent amenities, including a park with a covered pavilion, community pool, and walking trails. The community also features a convenient on-site elementary school. Come and enjoy your home. Motivated Seller.

22. 2026-01-25
    price $245,000 596-char remark

    Show marketing remark (596 chars)

    Well-maintained 3-bedroom, 2-bath, 2-car garage home with all appliances conveying, including the washer and dryer. The water softener located in the garage also stays with the home. The beautiful designed kitchen features an island, ideal for everyday living and entertaining. The elegant designed faucet and the beautiful lightening has much to be desired. The subdivision offers excellent amenities, including a park with a covered pavilion, community pool, and walking trails. The community also features a convenient on-site elementary school. Come and enjoy your home. Motivated Seller.

23. 2026-01-09
    status Active 596-char remark

    Show marketing remark (596 chars)

    Well-maintained 3-bedroom, 2-bath, 2-car garage home with all appliances conveying, including the washer and dryer. The water softener located in the garage also stays with the home. The beautiful designed kitchen features an island, ideal for everyday living and entertaining. The elegant designed faucet and the beautiful lightening has much to be desired. The subdivision offers excellent amenities, including a park with a covered pavilion, community pool, and walking trails. The community also features a convenient on-site elementary school. Come and enjoy your home. Motivated Seller.

24. 2026-01-06
    historical 596-char remark

    Show marketing remark (596 chars)

    Well-maintained 3-bedroom, 2-bath, 2-car garage home with all appliances conveying, including the washer and dryer. The water softener located in the garage also stays with the home. The beautiful designed kitchen features an island, ideal for everyday living and entertaining. The elegant designed faucet and the beautiful lightening has much to be desired. The subdivision offers excellent amenities, including a park with a covered pavilion, community pool, and walking trails. The community also features a convenient on-site elementary school. Come and enjoy your home. Motivated Seller.

25. 2026-01-06
    status Active 596-char remark

    Show marketing remark (596 chars)

    Well-maintained 3-bedroom, 2-bath, 2-car garage home with all appliances conveying, including the washer and dryer. The water softener located in the garage also stays with the home. The beautiful designed kitchen features an island, ideal for everyday living and entertaining. The elegant designed faucet and the beautiful lightening has much to be desired. The subdivision offers excellent amenities, including a park with a covered pavilion, community pool, and walking trails. The community also features a convenient on-site elementary school. Come and enjoy your home. Motivated Seller.

26. 2026-01-06
    historical 596-char remark

    Show marketing remark (596 chars)

    Well-maintained 3-bedroom, 2-bath, 2-car garage home with all appliances conveying, including the washer and dryer. The water softener located in the garage also stays with the home. The beautiful designed kitchen features an island, ideal for everyday living and entertaining. The elegant designed faucet and the beautiful lightening has much to be desired. The subdivision offers excellent amenities, including a park with a covered pavilion, community pool, and walking trails. The community also features a convenient on-site elementary school. Come and enjoy your home. Motivated Seller.

27. 2026-01-05
    listed $250,000 Active 568-char remark

    Show marketing remark (596 chars)

    Well-maintained 3-bedroom, 2-bath, 2-car garage home with all appliances conveying, including the washer and dryer. The water softener located in the garage also stays with the home. The beautiful designed kitchen features an island, ideal for everyday living and entertaining. The elegant designed faucet and the beautiful lightening has much to be desired. The subdivision offers excellent amenities, including a park with a covered pavilion, community pool, and walking trails. The community also features a convenient on-site elementary school. Come and enjoy your home. Motivated Seller.

28. 2026-01-05
    listed $250,000 Active 596-char remark

    Show marketing remark (596 chars)

    Well-maintained 3-bedroom, 2-bath, 2-car garage home with all appliances conveying, including the washer and dryer. The water softener located in the garage also stays with the home. The beautiful designed kitchen features an island, ideal for everyday living and entertaining. The elegant designed faucet and the beautiful lightening has much to be desired. The subdivision offers excellent amenities, including a park with a covered pavilion, community pool, and walking trails. The community also features a convenient on-site elementary school. Come and enjoy your home. Motivated Seller.

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

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $7,094 · $591/mo
• Projected year-2 tax: $7,094 · $591/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 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥112°F today · 24 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,737
• − Mortgage interest: −$11,203
• − Property taxes: −$7,094
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,899
• − Management: −$1,899
• − HOA: −$648
• − Depreciation: −$5,818
• Taxable loss: −$5,824
• Est. tax savings @ 24.0%: +$1,398
• After-tax cash flow: $-1,177/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 · 13 photos

Good 75/100 Cosmetic rehab

This well-maintained single-family home in a desirable community offers a good investment opportunity with minimal repairs and updates needed.

Value-add opportunities

• Resale Paint exterior — Enhances curb appeal and can increase home value.
• Resale Replace ceiling fan — Improves home aesthetics and can increase home value.
• Both Landscaping improvements — Enhances curb appeal and can increase home value for both resale and rental.

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior — Enhances curb appeal and can increase home value. ↑
• Resale Replace ceiling fan — Improves home aesthetics and can increase home value. ↑
• Both Landscaping improvements — Enhances curb appeal and can increase home value for both resale and rental. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Conroe ISD
• NCES district ID: 4815000
• Math proficiency: 57% ▼ -6.00%
• Reading proficiency: 57% ▼ -1.00%
• Median HH income: $71,541
• Composite: 50.65/100
• National rank: #1833
• State rank: #69 of 826 in TX

Livability — Grangerland

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Montgomery County · 663,713 people
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 21,546
• Household income: $84,673
• Rent vs Own: 17.1% rent · 82.9% own
• Severe rent burden: 205.0

Population outlook (Montgomery County) Hauer SSP2

• Today (2025): 713,896 people
• By 2030: 805,263 · +12.8%
• By 2040: 992,708 · +39.1%
• By 2050: 1,179,590 · +65.2%
• By 2075: 1,628,084 · +128.1%
• By 2100: 1,937,880 · +171.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (63%)
• Race & ethnicity: White 63% Hispanic / Latino 29% Two or more races 19% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 26% Puerto Rican 1%
• Common ancestry: Lithuanian 3% Italian 2% Slovak 2%
• Foreign-born: 13% · Canada, Vietnam, China
• Languages at home: 78% English-only · Spanish 20% Russian/Polish/Slavic 1% Other Indo-European 0%

Political lean MEDSL · Montgomery

• 2024 margin: Solid R (+45.5) · D 26.8% · R 72.3%
• 2008→2024 swing: +7.2pp toward D · 2008: -52.7pp · 2024: -45.5pp
• All cycles: 2024: R+45.5 2020: R+43.8 2016: R+51.4 2012: R+60.7 2008: R+52.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -187.56%
• Current HPI: 262.1879
• Rent YoY: ▲ 3.30%
• Metro: Houston-The Woodlands-Sugar Land, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

-20.0% since first listed

14 events — show timeline

• 2026-04-11 Price Changed $200,000 BCSRMLS
• 2026-04-11 Price Changed $200,000 HARMLS
• 2026-04-07 Price Changed $212,900 BCSRMLS
• 2026-04-07 Price Changed $212,900 HARMLS
• 2026-02-19 Price Changed $215,000 BCSRMLS
• 2026-02-19 Price Changed $215,000 HARMLS
• 2026-01-25 Price Changed $245,000 BCSRMLS
• 2026-01-25 Price Changed $245,000 HARMLS
• 2026-01-09 Relisted — HARMLS
• 2026-01-06 Listing Removed — HARMLS
• 2026-01-06 Relisted — HARMLS
• 2026-01-06 Listing Removed — HARMLS
• 2026-01-05 Listed $250,000 HARMLS
• 2026-01-05 Listed $250,000 BCSRMLS

Property tax history

+32.4%/yr

Latest (2025): $7,094 · -2.3% YoY. Source: county tax records.