For SaleRisky Deal107 days on market
2305 City Pl
2305 City Pl, Edgewater, NJ 07020, Edgewater, NJ 07020
$529,000
Estimate®:$529,300$300 Under Market
Listing Price
2305 City Pl, Edgewater, NJ 07020
Loc: Edgewater, NJ
Days Listed
107
Tax Assessed
$433k
Estimate®
$529k
0% Under Valued
Rent Estimate
$3,287/mo
Est. Cash Flow base
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
1.2 mi away
N/A
George Washington School
PK-2
2.6 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
modernminimalistopen-concepthardwood-floorslarge-windowscity-viewhigh-risespaciouscontemporaryneutral-paletteurbanrefined
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.46%
Total ROI
34.0%
Cash Flow
$-1,220/mo
DSCR
0.56
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,220/mo net cash flow with a 3.5% 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 |
|---|---|---|---|
| 2026-06-09 | Price change | $529,000 | $469 |
| 2026-05-12 | Price change | $529,900 | $470 |
| 2024-09-04 | Price change | $559,900 | $496 |
| 2024-06-26 | Listed for sale | $585,000 | $519 |
| 2021-03-08 | Listing removed | $0 | – |
| 2015-11-27 | Listing removed | $2,450 | $2 |
| 2015-11-09 | Sold | $472,500 | $419 |
| 2015-10-27 | Listed for rent | $2,450 | $2 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2026 | $6,834.98 | $433,300 |
| 2025 | $6,602.3 | $415,500 |
| 2024 | $6,371.89 | $401,000 |
| 2023 | $6,252.26 | $391,500 |
| 2022 | $6,236.83 | $386,900 |
| 2021 | $7,220.87 | $320,500 |
| 2020 | $6,076.68 | $320,500 |
| 2019 | $5,874.77 | $320,500 |
| 2018 | $5,874.77 | $320,500 |
| 2017 | $5,701.7 | $320,500 |
| 2016 | $5,624.78 | $320,500 |
| 2015 | $5,451.71 | $320,500 |
| 2014 | $5,211.33 | $320,500 |
| 2012 | $4,743.4 | $320,500 |
| 2011 | $3,191.13 | $320,500 |
| 2010 | $2,993.15 | $260,500 |
| 2009 | $5,177.54 | $260,500 |
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