For SaleRisky Deal113 days on market
345 The Promenade
345 The Promenade, Edgewater, NJ 07020, Edgewater, NJ 07020
$460,000
Listing Price
345 The Promenade, Edgewater, NJ 07020
Loc: Edgewater, NJ
Days Listed
113
Tax Assessed
$401k
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
1.1 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
multi-familytownhousecoastal-inspiredvinyl-sidingshingle-sidingcobblestone-pathwaylandscaped-gardensbay-windowsmanicured-groundsresidential-complexpath-lightingsuburban-charmmulti-story
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.89%
Total ROI
65.1%
Cash Flow
$-512/mo
DSCR
0.79
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-512/mo net cash flow with a 4.9% 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 |
|---|---|---|---|
| 2026-09-23 | Price change | $460,000 | – |
| 2026-08-24 | Listed for rent | $3,200 | – |
| 2026-06-03 | Listed for sale | $475,000 | – |
| 2016-07-07 | Sold | $365,000 | – |
| 2014-06-14 | Listing removed | $1,950 | – |
| 2014-05-13 | Listed for rent | $1,950 | – |
| 2005-11-22 | Sold | $425,000 | – |
| 2003-04-15 | Sold | $213,210 | – |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2026 | $6,405.63 | $400,800 |
| 2025 | $6,187.57 | $389,400 |
| 2024 | $6,008.01 | $378,100 |
| 2023 | $5,897.72 | $369,300 |
| 2022 | $6,011.15 | $372,900 |
| 2021 | $6,997.82 | $310,600 |
| 2020 | $5,888.98 | $310,600 |
| 2019 | $5,693.3 | $310,600 |
| 2018 | $5,693.3 | $310,600 |
| 2017 | $5,525.57 | $310,600 |
| 2016 | $5,451.03 | $310,600 |
| 2015 | $5,283.31 | $310,600 |
| 2014 | $5,050.36 | $310,600 |
| 2012 | $4,596.88 | $310,600 |
| 2011 | $4,566.8 | $310,600 |
| 2010 | $4,283.47 | $372,800 |
| 2009 | $4,074.7 | $372,800 |
| 2007 | $0 | $152,000 |
| 2006 | $0 | $152,000 |
| 2005 | $0 | $152,000 |
| 2004 | $0 | $152,000 |
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