1303 Griswold St SE · Grand Rapids, MI 49507

$270,000

4 bd · 1.5 ba · 1,644 sqft · SingleFamily public records · 54 Days on market

Built 1928 5,881 sqft lot

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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).

• Cash flow +15.2/30.0
• ARV discount +7.5/15.0
• DSCR +4.7/10.0
• Livability +4.2/5.0
• Rent growth +3.7/5.0
• 1% rule +3.4/10.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Step into timeless charm with this beautiful 1920s home. The house is enhanced by refinished original hardwood floors, exuding historic character. The home boasts a fresh, all-new landscape design, a brand-new patio perfect for entertaining, With 4 bedrooms, 1 and a half baths, underground irrigation, attached one-stall garage, a large three seasons sunroom, a fireplace, and a generous open floor plan, this is a rare blend of vintage elegance and contemporary comfort. Also is move in ready. Don't miss your chance-schedule a tour today!

Key facts

• New flooring
• 4-season sunroom
• Corner lot

Tags

• NEW FLOORING
• 4-SEASON SUNROOM
• CORNER LOT
• FIREPLACE

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $270k.

Deal economics

• At list price, monthly cash flow is $92 ($1k/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 $227k (15.8% below list).
• Recommended offer: $227k (15.8% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 4.5% in Grand Rapids — 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 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); 178 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 44% 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 54 days — a 3% lower offer ($262k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 17y ago; this cycle's ask has dropped $55k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $64k; list at $270k implies a 319% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $227,446 (15.8% below list)

Questions for the listing agent

1. It's been on market 54 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
2. Built in 1928 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.84% ✗
• Cap rate: 6.70%
• Cash-on-cash: 1.47%
• DSCR: 1.07
• GRM: 9.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.74% rent growth · sell at horizon

5-year hold

• IRR: -12.2%
• Equity multiple: 0.55×
• Total profit: $-33,879
• Equity at exit: $40,258

10-year hold

• IRR: -0.9%
• Equity multiple: 0.93×
• Total profit: $-4,961
• Equity at exit: $23,345

Cash invested: $75,600 (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.

Methodology + full state rankings →

ZIP-level market 49507

• Rents YoY: 4.7%
• Active inventory: 178
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $2,274 medium
• Mortgage (P&I): −$1,416
• Tax from tax record: −$176 /mo · $2,112/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$478
• Net cashflow: $92

Break-even live

Break-even rent $2,157

Max offer price $270,000

Occupancy floor 91%

Sensitivity live

Price	-10% $245	-5% $169	+0% $92	+5% $16	+10% $-60
Rent	-10% $-87	-5% $3	+0% $92	+5% $182	+10% $272
Rate	-1.0pp $228	-0.5pp $161	base $92	+0.5pp $22	+1.0pp $-49

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: $67,500
• Closing costs: $8,100
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1031 Merrifield St SE Grand Rapids, MI	3.0	2.0	1238	$2,300	$1.86	16d	1	0.43mi
2551 Eastern Ave SE Unit 1 Grand Rapids, MI	3.0	2.0	1600	$2,100	$1.31	45d	1	0.70mi
1400 Rossman Ave SE Grand Rapids, MI	3.0	1.0	1400	$2,200	$1.57	45d	1	1.17mi
3454 Brooklyn Ave SE Grand Rapids, MI	3.0	2.0	1232	$1,900	$1.54	12d	1	1.45mi

Listing history 32 events

1. 2026-04-22
   status Pending 541-char remark

   Show marketing remark (541 chars)

   Step into timeless charm with this beautiful 1920s home. The house is enhanced by refinished original hardwood floors, exuding historic character. The home boasts a fresh, all-new landscape design, a brand-new patio perfect for entertaining, With 4 bedrooms, 1 and a half baths, underground irrigation, attached one-stall garage, a large three seasons sunroom, a fireplace, and a generous open floor plan, this is a rare blend of vintage elegance and contemporary comfort. Also is move in ready. Don't miss your chance-schedule a tour today!

2. 2026-04-22
   status Pending 541-char remark

   Show marketing remark (541 chars)

   Step into timeless charm with this beautiful 1920s home. The house is enhanced by refinished original hardwood floors, exuding historic character. The home boasts a fresh, all-new landscape design, a brand-new patio perfect for entertaining, With 4 bedrooms, 1 and a half baths, underground irrigation, attached one-stall garage, a large three seasons sunroom, a fireplace, and a generous open floor plan, this is a rare blend of vintage elegance and contemporary comfort. Also is move in ready. Don't miss your chance-schedule a tour today!

3. 2026-04-21
   status Pending
4. 2026-04-20
   price $270,000 541-char remark

   Show marketing remark (541 chars)

   Step into timeless charm with this beautiful 1920s home. The house is enhanced by refinished original hardwood floors, exuding historic character. The home boasts a fresh, all-new landscape design, a brand-new patio perfect for entertaining, With 4 bedrooms, 1 and a half baths, underground irrigation, attached one-stall garage, a large three seasons sunroom, a fireplace, and a generous open floor plan, this is a rare blend of vintage elegance and contemporary comfort. Also is move in ready. Don't miss your chance-schedule a tour today!

5. 2026-04-20
   price $270,000 541-char remark

   Show marketing remark (541 chars)

   Step into timeless charm with this beautiful 1920s home. The house is enhanced by refinished original hardwood floors, exuding historic character. The home boasts a fresh, all-new landscape design, a brand-new patio perfect for entertaining, With 4 bedrooms, 1 and a half baths, underground irrigation, attached one-stall garage, a large three seasons sunroom, a fireplace, and a generous open floor plan, this is a rare blend of vintage elegance and contemporary comfort. Also is move in ready. Don't miss your chance-schedule a tour today!

6. 2026-04-20
   price $270,000

   Show marketing remark (541 chars)

   Step into timeless charm with this beautiful 1920s home. The house is enhanced by refinished original hardwood floors, exuding historic character. The home boasts a fresh, all-new landscape design, a brand-new patio perfect for entertaining, With 4 bedrooms, 1 and a half baths, underground irrigation, attached one-stall garage, a large three seasons sunroom, a fireplace, and a generous open floor plan, this is a rare blend of vintage elegance and contemporary comfort. Also is move in ready. Don't miss your chance-schedule a tour today!

7. 2026-04-17
   price $280,000 541-char remark

   Show marketing remark (541 chars)

   Step into timeless charm with this beautiful 1920s home. The house is enhanced by refinished original hardwood floors, exuding historic character. The home boasts a fresh, all-new landscape design, a brand-new patio perfect for entertaining, With 4 bedrooms, 1 and a half baths, underground irrigation, attached one-stall garage, a large three seasons sunroom, a fireplace, and a generous open floor plan, this is a rare blend of vintage elegance and contemporary comfort. Also is move in ready. Don't miss your chance-schedule a tour today!

8. 2026-04-16
   price $280,000 541-char remark

   Show marketing remark (541 chars)

   Step into timeless charm with this beautiful 1920s home. The house is enhanced by refinished original hardwood floors, exuding historic character. The home boasts a fresh, all-new landscape design, a brand-new patio perfect for entertaining, With 4 bedrooms, 1 and a half baths, underground irrigation, attached one-stall garage, a large three seasons sunroom, a fireplace, and a generous open floor plan, this is a rare blend of vintage elegance and contemporary comfort. Also is move in ready. Don't miss your chance-schedule a tour today!

9. 2026-04-16
   price $280,000

   Show marketing remark (541 chars)

   Step into timeless charm with this beautiful 1920s home. The house is enhanced by refinished original hardwood floors, exuding historic character. The home boasts a fresh, all-new landscape design, a brand-new patio perfect for entertaining, With 4 bedrooms, 1 and a half baths, underground irrigation, attached one-stall garage, a large three seasons sunroom, a fireplace, and a generous open floor plan, this is a rare blend of vintage elegance and contemporary comfort. Also is move in ready. Don't miss your chance-schedule a tour today!

10. 2026-04-13
    price $290,000 541-char remark

    Show marketing remark (541 chars)

    Step into timeless charm with this beautiful 1920s home. The house is enhanced by refinished original hardwood floors, exuding historic character. The home boasts a fresh, all-new landscape design, a brand-new patio perfect for entertaining, With 4 bedrooms, 1 and a half baths, underground irrigation, attached one-stall garage, a large three seasons sunroom, a fireplace, and a generous open floor plan, this is a rare blend of vintage elegance and contemporary comfort. Also is move in ready. Don't miss your chance-schedule a tour today!

11. 2026-04-13
    price $290,000 541-char remark

    Show marketing remark (541 chars)

    Step into timeless charm with this beautiful 1920s home. The house is enhanced by refinished original hardwood floors, exuding historic character. The home boasts a fresh, all-new landscape design, a brand-new patio perfect for entertaining, With 4 bedrooms, 1 and a half baths, underground irrigation, attached one-stall garage, a large three seasons sunroom, a fireplace, and a generous open floor plan, this is a rare blend of vintage elegance and contemporary comfort. Also is move in ready. Don't miss your chance-schedule a tour today!

12. 2026-04-13
    price $290,000

    Show marketing remark (541 chars)

    Step into timeless charm with this beautiful 1920s home. The house is enhanced by refinished original hardwood floors, exuding historic character. The home boasts a fresh, all-new landscape design, a brand-new patio perfect for entertaining, With 4 bedrooms, 1 and a half baths, underground irrigation, attached one-stall garage, a large three seasons sunroom, a fireplace, and a generous open floor plan, this is a rare blend of vintage elegance and contemporary comfort. Also is move in ready. Don't miss your chance-schedule a tour today!

13. 2026-03-27
    price $300,000 541-char remark

    Show marketing remark (541 chars)

    Step into timeless charm with this beautiful 1920s home. The house is enhanced by refinished original hardwood floors, exuding historic character. The home boasts a fresh, all-new landscape design, a brand-new patio perfect for entertaining, With 4 bedrooms, 1 and a half baths, underground irrigation, attached one-stall garage, a large three seasons sunroom, a fireplace, and a generous open floor plan, this is a rare blend of vintage elegance and contemporary comfort. Also is move in ready. Don't miss your chance-schedule a tour today!

14. 2026-03-26
    price $300,000 541-char remark

    Show marketing remark (541 chars)

    Step into timeless charm with this beautiful 1920s home. The house is enhanced by refinished original hardwood floors, exuding historic character. The home boasts a fresh, all-new landscape design, a brand-new patio perfect for entertaining, With 4 bedrooms, 1 and a half baths, underground irrigation, attached one-stall garage, a large three seasons sunroom, a fireplace, and a generous open floor plan, this is a rare blend of vintage elegance and contemporary comfort. Also is move in ready. Don't miss your chance-schedule a tour today!

15. 2026-03-26
    price $300,000

    Show marketing remark (541 chars)

    Step into timeless charm with this beautiful 1920s home. The house is enhanced by refinished original hardwood floors, exuding historic character. The home boasts a fresh, all-new landscape design, a brand-new patio perfect for entertaining, With 4 bedrooms, 1 and a half baths, underground irrigation, attached one-stall garage, a large three seasons sunroom, a fireplace, and a generous open floor plan, this is a rare blend of vintage elegance and contemporary comfort. Also is move in ready. Don't miss your chance-schedule a tour today!

16. 2026-02-26
    listed $325,000 Active 541-char remark

    Show marketing remark (541 chars)

    Step into timeless charm with this beautiful 1920s home. The house is enhanced by refinished original hardwood floors, exuding historic character. The home boasts a fresh, all-new landscape design, a brand-new patio perfect for entertaining, With 4 bedrooms, 1 and a half baths, underground irrigation, attached one-stall garage, a large three seasons sunroom, a fireplace, and a generous open floor plan, this is a rare blend of vintage elegance and contemporary comfort. Also is move in ready. Don't miss your chance-schedule a tour today!

17. 2026-02-26
    listed $325,000 Active 541-char remark

    Show marketing remark (541 chars)

    Step into timeless charm with this beautiful 1920s home. The house is enhanced by refinished original hardwood floors, exuding historic character. The home boasts a fresh, all-new landscape design, a brand-new patio perfect for entertaining, With 4 bedrooms, 1 and a half baths, underground irrigation, attached one-stall garage, a large three seasons sunroom, a fireplace, and a generous open floor plan, this is a rare blend of vintage elegance and contemporary comfort. Also is move in ready. Don't miss your chance-schedule a tour today!

18. 2026-02-26
    listed $325,000 Active

    Show marketing remark (541 chars)

    Step into timeless charm with this beautiful 1920s home. The house is enhanced by refinished original hardwood floors, exuding historic character. The home boasts a fresh, all-new landscape design, a brand-new patio perfect for entertaining, With 4 bedrooms, 1 and a half baths, underground irrigation, attached one-stall garage, a large three seasons sunroom, a fireplace, and a generous open floor plan, this is a rare blend of vintage elegance and contemporary comfort. Also is move in ready. Don't miss your chance-schedule a tour today!

19. 2015-02-09
    historical
20. 2015-02-09
    historical
21. 2010-02-11
    soldstatus $64,500
22. 2010-02-05
    soldstatus $64,500
23. 2010-02-05
    soldstatus $64,500
24. 2009-09-18
    listed $69,900
25. 2009-09-18
    listed $69,900
26. 2009-09-16
    historical
27. 2009-09-11
    soldstatus $61,835
28. 2009-08-20
    listed $79,900
29. 2009-08-20
    listed $79,900
30. 2009-08-17
    historical
31. 2009-02-17
    listed $79,900
32. 2009-02-17
    listed $79,900

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

Tax reassessment forecast MI · Partial reset (capped growth)

• Current annual tax: $2,112 · $176/mo
• Projected year-2 tax: $3,135 · $261/mo
• Expected delta: +$1,023/yr (+$85/mo · 48.4%)

ⓘ 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 2/10 Low 7 d/yr ≥96°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,294
• − Mortgage interest: −$15,124
• − Property taxes: −$2,112
• − Insurance: −$1,350
• − Repairs & maintenance: −$2,183
• − Management: −$2,183
• − Depreciation: −$7,855
• Taxable loss: −$3,514
• Est. tax savings @ 24.0%: +$843
• After-tax cash flow: $1,953/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: 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

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 · 533,805 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: 1625.0

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%
• Common ancestry: Iranian 8% Romanian 2% Lithuanian 1%
• Foreign-born: 18% · Canada
• 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: —

Market trends

• HPI YoY: ▼ -301.99%
• Current HPI: 325.3878
• Rent YoY: ▲ 4.74%
• Metro: Grand Rapids-Kentwood, MI
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

Industry mix (Fortune 500 HQ in MI)

Industry	F500 HQs	Revenue
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

+237.9% since first listed

32 events — show timeline

• 2026-04-22 Pending — REALCOMP
• 2026-04-22 Pending — MiRealSource-MiMLS
• 2026-04-21 Pending — SW Michigan MLS
• 2026-04-20 Price Changed $270,000 MiRealSource-MiMLS
• 2026-04-20 Price Changed $270,000 REALCOMP
• 2026-04-20 Price Changed $270,000 SW Michigan MLS
• 2026-04-17 Price Changed $280,000 MiRealSource-MiMLS
• 2026-04-16 Price Changed $280,000 REALCOMP
• 2026-04-16 Price Changed $280,000 SW Michigan MLS
• 2026-04-13 Price Changed $290,000 MiRealSource-MiMLS
• 2026-04-13 Price Changed $290,000 REALCOMP
• 2026-04-13 Price Changed $290,000 SW Michigan MLS
• 2026-03-27 Price Changed $300,000 MiRealSource-MiMLS
• 2026-03-26 Price Changed $300,000 REALCOMP
• 2026-03-26 Price Changed $300,000 SW Michigan MLS
• 2026-02-26 Listed $325,000 SW Michigan MLS
• 2026-02-26 Listed $325,000 MiRealSource-MiMLS
• 2026-02-26 Listed $325,000 REALCOMP
• 2015-02-09 Listing Removed — SW Michigan MLS
• 2015-02-09 Listing Removed — SW Michigan MLS
• 2010-02-11 Sold (Public Records) $64,500 Public Records
• 2010-02-05 Sold (MLS) $64,500 REALCOMP
• 2010-02-05 Sold (MLS) $64,500 SW Michigan MLS
• 2009-09-18 Listed $69,900 REALCOMP
• 2009-09-18 Listed $69,900 SW Michigan MLS
• 2009-09-16 Listing Removed — REALCOMP
• 2009-09-11 Sold (Public Records) $61,835 Public Records
• 2009-08-20 Listed $79,900 REALCOMP
• 2009-08-20 Listed $79,900 SW Michigan MLS
• 2009-08-17 Listing Removed — REALCOMP
• 2009-02-17 Listed $79,900 REALCOMP
• 2009-02-17 Listed $79,900 SW Michigan MLS

Property tax history

+2.3%/yr

Latest (2025): $2,112 · -3.6% YoY. Source: county tax records.