For SaleRisky Deal16 days on market
9 Somerset Lane #203-204
9 Somerset Lane #203-204, Edgewater, NJ 07020, Edgewater, NJ 07020
$1,799,000
Listing Price
9 Somerset Lane #203-204, Edgewater, NJ 07020
Loc: Edgewater, NJ
Days Listed
16
Type
condo
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
8
Eleanor Van Gelder Elementary School
3-6
1.5 mi away
N/A
George Washington School
PK-2
2.9 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
panoramic viewwaterfrontcity skylinemetropolitanluxury livinghigh-rise buildingsurban aestheticmodern architecturescenic vistariverfrontoutdoor lightingprime location
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.57%
Total ROI
58.2%
Cash Flow
$-2,481/mo
DSCR
0.73
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-2,481/mo net cash flow with a 4.6% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Edgewater, NJ
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-09 | Listed for sale | $1,799,000 | – |
| 2024-09-16 | Listing removed | $1,749,000 | – |
| 2024-06-03 | Price change | $1,749,000 | – |
| 2024-03-12 | Listed for sale | $1,999,000 | – |
| 2021-04-25 | Listing removed | $0 | – |
| 2020-10-28 | Listed for sale | $2,228,000 | – |
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