For SaleRisky Deal61 days on market
129 The Promenade
129 The Promenade, Edgewater, NJ 07020, Edgewater, NJ 07020
$549,000
Listing Price
129 The Promenade, Edgewater, NJ 07020
Loc: Edgewater, NJ
Days Listed
61
Tax Assessed
$576k
Type
condo
More Than Just a Property
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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
waterfrontskyline viewurbanmodern architectureindustrialcommercial pierharborexpansivepanoramicmetropolitanhigh-risecoastal
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.45%
Total ROI
55.6%
Cash Flow
$-811/mo
DSCR
0.72
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-811/mo net cash flow with a 4.5% 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 |
|---|---|---|---|
| 2026-09-22 | Price change | $549,000 | – |
| 2026-09-18 | Price change | $579,000 | – |
| 2026-08-14 | Price change | $599,000 | – |
| 2026-07-25 | Listed for sale | $629,000 | – |
| 2026-07-07 | Listing removed | $629,000 | – |
| 2026-01-16 | Listed for sale | $629,000 | – |
| 2025-12-27 | Listing removed | $629,000 | – |
| 2025-12-10 | Price change | $629,000 | – |
| 2025-10-08 | Listed for sale | $649,000 | – |
| 2022-06-27 | Listing removed | $0 | – |
| 2022-05-27 | Listed for rent | $3,600 | – |
| 2021-04-22 | Listing removed | $0 | – |
| 2021-03-21 | Price change | $3,000 | – |
| 2021-03-03 | Listed for rent | $3,200 | – |
| 2007-08-09 | Sold | $626,500 | – |
| 2004-07-07 | Sold | $432,029 | – |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2026 | $9,172.52 | $575,500 |
| 2025 | $8,860.26 | $557,600 |
| 2024 | $8,620.33 | $542,500 |
| 2023 | $8,462.5 | $529,900 |
| 2022 | $9,044.93 | $561,100 |
| 2021 | $9,579.76 | $425,200 |
| 2020 | $8,061.79 | $425,200 |
| 2019 | $3,437.54 | $425,200 |
| 2018 | $3,437.54 | $425,200 |
| 2017 | $7,564.31 | $425,200 |
| 2016 | $7,462.26 | $425,200 |
| 2015 | $7,232.65 | $425,200 |
| 2014 | $6,913.75 | $425,200 |
| 2013 | $6,292.96 | $425,200 |
| 2012 | $6,292.96 | $425,200 |
| 2011 | $6,916.35 | $425,200 |
| 2010 | $6,487.25 | $564,600 |
| 2009 | $6,171.08 | $564,600 |
| 2007 | $0 | $280,000 |
| 2006 | $0 | $280,000 |
| 2005 | $0 | $280,000 |
| 2004 | $0 | $280,000 |
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