108 Edinburgh Ln Unit C · Leisure Village, NJ
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 3/10 · Minor
- Est. fire insurance / yr
- $526 – $976
Heat risk 6/10 · Moderate
- Hot days now (above 103°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 6/10 · Moderate
- Chance of severe wind over 30 yrs
- 67.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 4 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B- 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 +25.1/30.0
- ARV discount +14.1/15.0
- 1% rule +9.3/10.0
- DSCR +8.2/10.0
- Condition / age +3.8/5.0
- Livability +3.2/5.0
- Rent growth +2.5/5.0
- Schools +2.2/10.0
- Appreciation +0.0/10.0
$135,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
''This cozy WATERFRONT 1 bedroom Condo, faces one of our beautiful lakes. Sit out on your recently installed patio with serene water views. Use as your primary home or home away from home. Refresh yourself in your choice of a heated outdoor salt water pool or freshwater pool, bocci, golf, walking paths, monthly dances to enjoy. Don't miss this opportunity!'' Convenient to all shopping, Restaurants, beaches & boardwalks! Too many amenities to list. Minutes from the GSP entrance.
Key facts
- Serene water views
- 2 parking spots
- Pool
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 1-bed/1.0-bath single-family listed at $135k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $299 ($4k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $135k).
- Recommended offer: $119k (12.0% below list) — sets the bar for market timing.
- Cap rate 8.9% vs local median 5.7% in Leisure Village — 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 64/100 on livability (#416 in NJ) — a middle-class / working-renter tenant base. Strengths: housing A+, crime B+, cost of living B; Watch: amenities F, commute F, employment F.
- Lakewood Township School District (suburban): math 17% / reading 28% proficiency, ranked #417 of 472 in NJ (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 82% free/reduced lunch — lower-income household profile, screen leases tightly.
- Zoned schools: Oak Street Elem School (math 17% / reading 21%, grade F, #1,030 of 1,303 statewide, top 80%, 534 students, 97% FRL); Lakewood Middle School (math 16% / reading 30%, grade F, #376 of 431 statewide, top 88%, 995 students, 94% FRL); Lakewood High School (math 14% / reading 37%, grade F, #321 of 399 statewide, top 81%, 1,423 students, 86% FRL).
- Market conditions: 652 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals lingering (median 85d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 68% of comp listings sitting > 30 days — soft ceiling on asking rent; 4,434 units permitted in Ocean County in 2024 (868 in 5+ unit buildings).
- This rent runs 36% of the median local income ($65k/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 $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
- Ocean County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
Negotiation context
- It's been on market 168 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
- 2 sale attempts; this cycle's ask is 79782% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
Risks & watch-outs
- Climate carrying-cost: major wind risk, 67% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 168 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- 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.
- 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.
- 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
- 1.43% ✓
- Cap rate
- 8.95%
- Cash-on-cash
- 9.49%
- DSCR
- 1.42
- GRM
- 5.8
CMA / ARV
- ARV (median comp)
- $158,207
- List price
- $135,000
- Delta
- -14.67%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 103F Edinburgh Ln | 0.05mi | 2/1.0 (+1) | 858 (0%) | 1mo | $185,000 | $216 | 92 |
| 99F Edinburgh Ln | 0.05mi | 2/1.0 (+1) | 819 (-4%) | 1mo | $110,000 | $134 | 84 |
| 41G Cambridge Ct | 0.18mi | 2/1.0 (+1) | 841 (-2%) | 2mo | $117,500 | $140 | 82 |
| 651B Plymouth Dr Unit B | 0.30mi | 2/1.0 (+1) | 858 (0%) | 0mo | $185,000 | $216 | 81 |
| 91F Buckingham Dr Unit F | 0.15mi | 2/1.0 (+1) | 819 (-4%) | 1mo | $140,000 | $171 | 80 |
| 653F Plymouth Dr | 0.32mi | 2/1.0 (+1) | 858 (0%) | 2mo | $196,500 | $229 | 79 |
| 212D Huntington Dr Unit D | 0.32mi | 2/1.0 (+1) | 858 (0%) | 2mo | $168,000 | $196 | 78 |
| 316 Coventry Ct Unit E | 0.50mi | 2/1.0 (+1) | 858 (0%) | 2mo | $185,000 | $216 | 70 |
| 62F Buckingham Dr Unit 100f | 0.26mi | 2/1.0 (+1) | 928 (+8%) | 1mo | $162,000 | $175 | 69 |
| 679B New Castle Ct | 0.28mi | 2/1.0 (+1) | 982 (+14%) | 1mo | $175,000 | $178 | 56 |
| 280B Kingston Ct #2001 | 0.31mi | 2/1.0 (+1) | 982 (+14%) | 2mo | $180,000 | $183 | 55 |
| 220A Buckingham Ct | 0.41mi | 2/1.0 (+1) | 982 (+14%) | 1mo | $179,000 | $182 | 51 |
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 · 3.0% rent growth · sell at horizon
- IRR
- -1.8%
- Equity multiple
- 0.93×
- Total profit
- $-2,629
- Equity at exit
- $20,129
- IRR
- 8.0%
- Equity multiple
- 1.61×
- Total profit
- $23,079
- Equity at exit
- $11,672
Cash invested: $37,800 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 21 Tenant-Leaning
- State New Jersey
- 21 Tenant-Leaning · D+6
- County
- — inherits STATE
- City
- — inherits STATE
Active competition Active MLS
- For sale now
- 59 active · 48 under contract
- Months of supply
- 6.6 mo (15%/mo absorbed)
- Median asking
- $185,000 ($210/sqft)
- Median days on market
- 58 d
- This list price
- 14% of active listings are priced below it
- ARV vs active asking
- -12.1% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 08701
- Active inventory
- 652
- Price-to-rent
- 5.8×
Monthly cashflow live
- Estimated rent
- $1,933 high interval (Pro) →
- Mortgage (P&I)
- −$708
- Tax est. 1.5%
- −$169 /mo · $2,025/yr
- Insurance
- −$56
- HOA
- −$295
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$406
- Net cashflow
- $299
Break-even live
Sensitivity live
| Price | -10% $392 | -5% $346 | +0% $299 | +5% $252 | +10% $206 |
|---|---|---|---|---|---|
| Rent | -10% $146 | -5% $223 | +0% $299 | +5% $375 | +10% $452 |
| Rate | -1.0pp $367 | -0.5pp $333 | base $299 | +0.5pp $264 | +1.0pp $228 |
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
- $33,750
- Closing costs
- $4,050
- Club membership (one-time)
- —
- 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 22 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 106 Edinburgh Ln Lakewood, NJ | 2.0 | 1.0 | 858 | $1,900 | $2.21 | 24d | 1 | 0.08mi |
| 106A Edinburgh Ln Lakewood, NJ | 2.0 | 1.0 | 858 | $2,200 | $2.56 | 113d | 1 | 0.09mi |
| 47L Cambridge Ct Lakewood, NJ | 2.0 | 1.0 | 841 | $1,795 | $2.13 | 120d | 1 | 0.10mi |
| 278C Kingston Ct Lakewood, NJ | 2.0 | 1.0 | 1000 | $2,150 | $2.15 | 51d | 1 | 0.35mi |
| 278C Kingston Ct Lakewood, NJ | 2.0 | 1.0 | 1000 | $2,150 | $2.15 | 84d | 1 | 0.35mi |
| 219 Buckingham Ct Lakewood, NJ | 1.0 | 1.0 | 663 | $1,900 | $2.87 | 139d | 1 | 0.41mi |
| 308 Malvern Ct Unit C Lakewood, NJ | 2.0 | 1.0 | 858 | $1,900 | $2.21 | 7d | 1 | 0.44mi |
| 341B Canterbury Ct Lakewood, NJ | 2.0 | 1.0 | 982 | $2,275 | $2.32 | 117d | 1 | 0.46mi |
| 335A Canterbury Ct Lakewood, NJ | 2.0 | 1.0 | 982 | $1,950 | $1.99 | 114d | 1 | 0.55mi |
| 365F Chesterfield Ct Lakewood, NJ | 1.0 | 1.0 | 663 | $1,500 | $2.26 | 7d | 1 | 0.61mi |
| 363B Chesterfield Ct Lakewood, NJ | 2.0 | 1.0 | 858 | $1,900 | $2.21 | 21d | 1 | 0.63mi |
| 433D Picardy Ct Lakewood, NJ | 1.0 | 1.0 | 663 | $1,550 | $2.34 | 7d | 1 | 0.70mi |
| 533E Dartmoor Ct Lakewood, NJ | 1.0 | 1.0 | 663 | $1,750 | $2.64 | 20d | 1 | 0.72mi |
| 533E Dartmoor Ct Lakewood, NJ | 1.0 | 1.0 | 663 | $1,750 | $2.64 | 65d | 1 | 0.72mi |
| 523 Sophee Ln #1000 Lakewood, NJ | 1.0 | 1.0 | 889 | $1,800 | $2.02 | 94d | 1 | 1.12mi |
| 1034B Aberdeen Dr Lakewood, NJ | 1.0 | 1.0 | 663 | $1,350 | $2.04 | 89d | 1 | 1.26mi |
| 1034B Aberdeen Dr Lakewood, NJ | 1.0 | 1.0 | 663 | $1,350 | $2.04 | 41d | 1 | 1.26mi |
| 1042C Aberdeen Dr Unit C Lakewood, NJ | 2.0 | 1.0 | 982 | $2,000 | $2.04 | 99d | 1 | 1.32mi |
| 841B Inverness Ct Lakewood, NJ | 1.0 | 1.0 | 663 | $1,600 | $2.41 | 51d | 1 | 1.35mi |
| 1100 Deer Path Lakewood, NJ | 2.0 | 1.0–1.5 | 1187 | $2,450 | $2.06 | 7d | 4 | 1.37mi |
| 824A Balmoral Ct Unit A Toms River, NJ | 2.0 | 1.0 | 982 | $2,200 | $2.24 | 114d | 1 | 1.38mi |
| 829A Balmoral Ct Unit 1001 Lakewood, NJ | 1.0 | 1.0 | 663 | $1,600 | $2.41 | 120d | 1 | 1.42mi |
Property features AI
Finance
- HOA & community
- Monthly association fee of $295Association amenities: Exercise room, Community room, Pool, Clubhouse, Golf course, Basketball court, Bocci, Jogging path, Common area
Exterior
- Parking
- No garage
- Utilities
- Public sewer
- Home design
- CondominiumModel: ETON
- Exterior features
- Shingle roofWaterfront
Interior
- Kitchen
- MicrowaveStoveRefrigeratorDishwasher
- Bedrooms
- 1 bedroom
- Flooring
- Laminate
- Bathrooms
- 1 full bathroom
- Heating & cooling
- Electric heatingMulti-unit cooling
- Interior features
- Ceiling fan(s)Blinds/ShadesLight fixtures
- Laundry & utility
- WasherDryer
HOA detail $295/mo · $3,540/yr
- Likely covers
- waterpool
Listing history 50 events
-
2026-09-23days on market $135,000 Active 168 DOM
-
2026-09-22days on market $135,000 Active 167 DOM
-
2026-09-21days on market $135,000 Active 166 DOM
-
2026-09-20days on market $135,000 Active 165 DOM
-
2026-09-19days on market $135,000 Active 164 DOM
-
2026-09-18days on market $135,000 Active 163 DOM
-
2026-09-17days on market $135,000 Active 162 DOM
-
2026-09-16days on market $135,000 Active 161 DOM
-
2026-09-15days on market $135,000 Active 160 DOM
-
2026-09-14days on market $135,000 Active 159 DOM
-
2026-09-13days on market $135,000 Active 158 DOM
-
2026-09-12days on market $135,000 Active 157 DOM
-
2026-09-11days on market $135,000 Active 156 DOM
-
2026-09-05days on market $135,000 Active 150 DOM
-
2026-09-04days on market $135,000 Active 149 DOM
-
2026-09-02days on market $135,000 Active 147 DOM
-
2026-08-31days on market $135,000 Active 145 DOM
-
2026-08-29days on market $135,000 Active 143 DOM
-
2026-08-28pricedays on market $135,000 Active 142 DOM
-
2026-08-27days on market $140,000 Active 141 DOM
-
2026-08-26days on market $140,000 Active 140 DOM
-
2026-08-25days on market $140,000 Active 139 DOM
-
2026-08-24days on market $140,000 Active 138 DOM
-
2026-08-23days on market $140,000 Active 137 DOM
-
2026-08-22days on market $140,000 Active 136 DOM
-
2026-08-21days on market $140,000 Active 135 DOM
-
2026-08-20days on market $140,000 Active 134 DOM
-
2026-08-19days on market $140,000 Active 133 DOM
-
2026-08-18days on market $140,000 Active 132 DOM
-
2026-08-17days on market $140,000 Active 131 DOM
-
2026-08-16days on market $140,000 Active 130 DOM
-
2026-08-15days on market $140,000 Active 129 DOM
-
2026-08-14days on market $140,000 Active 128 DOM
-
2026-08-13days on market $140,000 Active 127 DOM
-
2026-08-12days on market $140,000 Active 126 DOM
-
2026-08-11days on market $140,000 Active 125 DOM
-
2026-08-10days on market $140,000 Active 124 DOM
-
2026-08-09days on market $140,000 Active 123 DOM
-
2026-08-08days on market $140,000 Active 122 DOM
-
2026-08-06days on market $140,000 Active 120 DOM
-
2026-08-05days on market $140,000 Active 119 DOM
-
2026-08-04days on market $140,000 Active 118 DOM
-
2026-08-03days on market $140,000 Active 117 DOM
-
2026-07-31days on market $140,000 Active 114 DOM
-
2026-07-30days on market $140,000 Active 112 DOM
-
2026-07-28days on market $140,000 Active 111 DOM
-
2026-07-26pricedays on market $140,000 Active 109 DOM
-
2026-07-24days on market $145,000 Active 107 DOM
-
2026-07-23days on market $145,000 Active 106 DOM
-
2026-07-22days on market $145,000 Active 105 DOM
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
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 ≥103°F today · 15 d/yr by 30 yrs out
- Wind 6/10 Major 67% chance of damaging wind over 30 yrs
- Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 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
- $23,193
- − Mortgage interest
- −$7,562
- − Property taxes
- −$2,025
- − Insurance
- −$675
- − Repairs & maintenance
- −$1,855
- − Management
- −$1,855
- − HOA
- −$3,540
- − Depreciation
- −$3,927
- Taxable income
- $1,752
- Est. tax owed @ 24.0%
- −$421
- After-tax cash flow
- $3,166/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
This waterfront condo is in good condition with minor repairs needed. Upgrades to paint, cabinets, countertops, and flooring would significantly enhance its value.
Repairs flagged
- Minor Kitchen cabinets — Worn appearance
- Minor Bathtub and fixtures — Signs of wear
Value-add opportunities
- Both Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
- Both Replace worn kitchen cabinets — New cabinets improve functionality and appearance ↑
- Both Upgrade countertops — Modern countertops enhance functionality and aesthetics ↑
- Both Install new flooring — New flooring improves aesthetics and functionality ↑
- Both Replace worn bathtub and fixtures — New fixtures improve functionality and aesthetics ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
Schools (NCES district)
- District
- Lakewood Township School District
- NCES district ID
- 3408220
- Math proficiency
- 17% ▼ -4.00%
- Reading proficiency
- 28% ▼ -5.00%
- Median HH income
- $42,301
- Composite
- 19.21/100
- National rank
- #8813
- State rank
- #417 of 472 in NJ
Livability — Leisure Village
- Score
- 64/100
- State rank
- #416
- US rank
- #14624
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Leisure Village, NJ
- County
- Ocean County · 586,991 people
- Metro
- New York-Newark-Jersey City, NY-NJ-PA
- Population (ZIP)
- 139,149
- Household income
- $64,959
- Rent vs Own
- Severe rent burden
- 19% of renters
Population outlook (Ocean County) Hauer SSP2
- Today (2025)
- 586,991 people
- By 2030
- 581,403 · -1.0%
- By 2040
- 564,913 · -3.8%
- By 2050
- 538,149 · -8.3%
- By 2075
- 468,845 · -20.1%
- By 2100
- 350,297 · -40.3%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly White (84%)
- Race & ethnicity
- White 84% Hispanic / Latino 11% Two or more races 5% Black 2%
- Hispanic origin (detail)
- Mexican 5% Puerto Rican 2% Dominican 2%
- Common ancestry
- Romanian 6% Italian 5% Scotch-Irish 2%
- Foreign-born
- 8% · Canada, Jamaica
- Languages at home
- 77% English-only · Spanish 9% German/W. Germanic 7% Russian/Polish/Slavic 1%
Political lean MEDSL · Ocean
- 2024 margin
- Solid R (+36.0) · D 31.4% · R 67.4% · Other 1.2%
- 2008→2024 swing
- -17.6pp toward R · 2008: -18.4pp · 2024: -36.0pp
- All cycles
- 2024: R+36.0 2020: R+28.7 2016: R+34.0 2012: R+17.7 2008: R+18.4
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -682.83%
- Current HPI
- 465.344
- Rent YoY
- —
- Metro
- New York-Newark-Jersey City, NY-NJ-PA
- State GDP YoY
- ▲ 2.05%
- F500 in state
- 34
Industry mix (Fortune 500 HQ in NJ)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Consumer Goods | 3 | $31B |
|
||
| Pharmaceuticals | 2 | $153B |
|
||
| Technology | 2 | $21B |
|
||
| Insurance | 2 | $20B |
|
||
| Healthcare | 2 | $19B |
|
||
| Financial Services | 1 | $70B |
|
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Price history
-14.2% since first listed8 events — show timeline
- 2026-07-02 Relisted — MOMLS
- 2026-07-01 Pending — MOMLS
- 2026-06-17 Price Changed $145,000 MOMLS
- 2026-06-04 Price Changed $155,000 MOMLS
- 2026-05-07 Price Changed $160,000 MOMLS
- 2026-04-22 Price Changed $165,000 MOMLS
- 2026-04-08 Price Changed $169,000 MOMLS
- 2026-04-08 Listed $169 MOMLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…