Overview

$850,000

20% Min Down

7 Washington Lane

7 Washington Lane, Edgewater, NJ 07020

House in Bergen

2 Bed | 2 Bath | -4.77% Cap Rate

Listed Apr 10th, 2021 (165 days)
Golden opportunity to own such a rare piece of Hudson River waterfront. It gives you amazing panoramic views of the George Washington Bridge, Hudson River, and New York city! Located at the end of a private road, you will find your own Shangri-La. This is a once-in-a-lifetime opportunity to own this most private and expansive piece of the Gold Coast. This home is a restful retreat from the hustle and bustle yet is only minutes away from NYC by car, bus, or ferry. Edgewater's sought-after neighborhood amenities and schools are nearby. Launch your kayak from your yard!! Edgewater Colony is a land co-op and certain fees and restrictions apply. Monthly maintenance $423,Land tax $4159/year, House Tax$5264/year. Closing fees=Application fee $500+credit check $200+stock+purchase $1300+Coop attorney $950 +1%of purchase price.

Features & Amenities

Unit Amenities

  • Deck
  • Patio
  • View: River, Water

Building Policies

    Learn more about 7 Washington Lane, Edgewater, NJ 07020

    Listed By

    Jung Hwa Jung

    Coldwell Banker, Fort Lee

    2016008871

    History

    Date Event Price
    Sep 8, 2021 Price Drop by -$225,000 (-20.9%) $850,000
    ListingHistoryRow::__set_state(array( 'event_date' => '2021-09-08', 'event_type' => 'Price Drop', 'event_source' => 'Public Record', 'event_value' => '$850,000', 'orig_value' => '1075000', 'listing_id' => '13985205', 'unit' => '', 'building_id' => NULL, 'street_address' => '7 Washington Lane', 'citystate' => NULL, 'bedrooms' => '2', 'bathrooms' => '2', 'square_feet' => '0', 'pretty_url' => 'https://www.realtyhop.com/building/7-washington-lane/house/13985205', 'diff_amount' => '-$225,000', 'diff_pct' => -20.93023255813954, 'orig_diff_rows' => array ( 0 => array ( 'id' => '13985205', 'listing_id' => '13985205', 'created' => '2021-09-08 07:45:32', 'value_date' => '2021-09-08 07:45:32', 'key' => 'price', 'orig_value' => '1075000', 'new_value' => '850000', 'unit' => '', 'street_address' => '7 Washington Lane', 'contact_firm' => '', 'email' => '[email protected]', 'bedrooms' => '2', 'bathrooms' => '2', 'square_feet' => '0', ), ), 'orig_type' => 'diff_row', 'alt_data' => '', ))
    Aug 14, 2021 Price Drop by -$175,000 (-14.0%) $1,075,000
    ListingHistoryRow::__set_state(array( 'event_date' => '2021-08-14', 'event_type' => 'Price Drop', 'event_source' => 'Public Record', 'event_value' => '$1,075,000', 'orig_value' => '1250000', 'listing_id' => '13985205', 'unit' => '', 'building_id' => NULL, 'street_address' => '7 Washington Lane', 'citystate' => NULL, 'bedrooms' => '2', 'bathrooms' => '2', 'square_feet' => '0', 'pretty_url' => 'https://www.realtyhop.com/building/7-washington-lane/house/13985205', 'diff_amount' => '-$175,000', 'diff_pct' => -14.000000000000002, 'orig_diff_rows' => array ( 0 => array ( 'id' => '13985205', 'listing_id' => '13985205', 'created' => '2021-08-14 06:07:47', 'value_date' => '2021-08-14 06:07:47', 'key' => 'price', 'orig_value' => '1250000', 'new_value' => '1075000', 'unit' => '', 'street_address' => '7 Washington Lane', 'contact_firm' => '', 'email' => '[email protected]', 'bedrooms' => '2', 'bathrooms' => '2', 'square_feet' => '0', ), ), 'orig_type' => 'diff_row', 'alt_data' => '', ))
    Apr 10, 2021 Listed $1,250,000
    ListingHistoryRow::__set_state(array( 'event_date' => '2021-04-10', 'event_type' => 'Listed', 'event_source' => 'Public Record', 'event_value' => '$1,250,000', 'orig_value' => NULL, 'listing_id' => '13985205', 'unit' => '', 'building_id' => NULL, 'street_address' => '7 Washington Lane', 'citystate' => 'Edgewater, NJ', 'bedrooms' => '2', 'bathrooms' => '2', 'square_feet' => '0', 'pretty_url' => 'https://www.realtyhop.com/building/7-washington-lane-edgewater-nj/house/13985205', 'diff_amount' => NULL, 'diff_pct' => NULL, 'orig_diff_rows' => array ( ), 'orig_type' => 'listing_row', 'alt_data' => '', ))

    Property Analysis

    Price Estimate

    $858,500

    HopScore Market Price

    $850,000

    Current Asking Price

    +$8,500

    Difference from Asking

    Cap Rate Analysis

    Operating Profit

    -$40,572
    /

    Purchase Price

    $850,000
    =

    Cap Rate

    -4.77%
    **

    * Actual income may vary between $1,960 and $2,940 depending on unit-specific characteristics.

    ** 100% occupancy is assumed. Leverage (mortgage) is not considered.

    Comparables

    Units for sale near 7 Washington Lane

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    Building Info

    Want to find out who owns 7 Washington Lane, Edgewater, NJ 07020? Get detailed property transactions here.

    Neighborhood

    Stats & Trends

    -

    Median Asking

    -

    Above Asking

    -

    Sale Price/ft²

    -

    Days on Market

    Schools

    School Type Grades Distance
    George Washington School Elementary PK to 2 0.07 mi
    Eleanor Van Gelder Elementary 3 to 6 1.45 mi
    School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.

    Mortgage Payment Calculator

    $9,401

    Per Month
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    Transaction history for 7 Washington Lane

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    Closed Closing Buyer(s)

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    Building at 7 Washington Lane, Edgewater, NJ 07020

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