The Fair Share Report
164 Ely Ave
Old Bridge, NJ 08879
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
This home's full record →Check another house →
Step 1 · Market value
Likely range $332,191 – $444,041, from 12 comparable Old Bridge sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Old Bridge assessments sit below market value — republished every October, applied town-wide. A $362,103 home should be assessed near $102,584.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $32,184 below what the ratio math suggests (31.4%).
Step 4 · The tax rate — same for every Old Bridge home
$3.800 Schools · 62% $1.156 County · 19% $1.138 Town · 19%
Step 5 · The bill
This home vs. every recent Old Bridge sale · assessed ÷ market
10%38%
Keep quiet and enjoy it
This home's assessment ratio sits below the Old Bridge pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 737 PROSPECT AVE | 2026-01 | $432,000 | 869 | 21.6% |
| 363 OCEAN BLVD | 2026-01 | $465,000 | 864 | 20.3% |
| 363 OCEAN BLVD | 2025-07 | $360,000 | 864 | 26.2% |
| 604 GREENWOOD AVE | 2025-05 | $435,000 | 949 | 22.8% |
| 130 ELY AVE | 2025-01 | $390,000 | 684 | 23.9% |
| 66 PACIFIC BLVD | 2026-03 | $439,000 | 804 | 22.9% |
| 198 HILLCREST AVE | 2025-10 | $363,000 | 809 | 23.6% |
| 172 CLEVELAND AVE | 2026-03 | $265,000 | 778 | 32.2% |
| 220 BIRCHWOOD DR | 2025-10 | $436,000 | 989 | 21.8% |
| 631 FOREST AVE | 2025-01 | $412,000 | 768 | 25.4% |
| 69 GEORGE AVE | 2025-10 | $225,000 | 701 | 42.3% |
| 301 SHORELAND CIR | 2026-06 | $349,000 | 720 | 21.5% |
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