The Fair Share Report
357 Undercliff Ave
Edgewater, NJ 07020
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 $529,988 – $742,374, from 12 comparable Edgewater 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 Edgewater assessments sit below market value — republished every October, applied town-wide. A $686,115 home should be assessed near $614,004.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $18,196 above what the ratio math suggests (3.0%).
Step 4 · The tax rate — same for every Edgewater home
$0.714 Schools · 43% $0.247 County · 15% $0.683 Town · 42%
This home's own bill implies $1.489 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Edgewater sale · assessed ÷ market
77%125%
Paying about right
This home's ratio lands inside Edgewater's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 332 UNDERCLIFF AVE | 2026-02 | $830,000 | 1,451 | 81.0% |
| 331 UNDERCLIFF AVE | 2026-02 | $999,999 | 1,710 | 74.7% |
| 2307 CITY PLACE | 2025-02 | $570,000 | 1,380 | 95.9% |
| 105 ADAMS COURT | 2025-02 | $675,000 | 1,336 | 92.7% |
| 5409 CITY PLACE | 2025-01 | $636,000 | 1,325 | 96.8% |
| 31 EDGEWATER PLACE | 2025-03 | $630,000 | 1,170 | 90.8% |
| 504 NELSON COURT | 2026-05 | $745,000 | 1,406 | 96.9% |
| 200 GRAND COVE WAY | 2025-02 | $430,000 | 1,311 | 119.8% |
| 35 EDGEWATER PLACE | 2026-02 | $625,000 | 1,170 | 89.7% |
| 1307 CITY PLACE | 2025-04 | $579,000 | 1,416 | 92.7% |
| 9 VETERANS WAY | 2025-04 | $717,000 | 1,250 | 99.3% |
| 207 JEFFERSON COURT | 2026-01 | $750,000 | 1,423 | 86.2% |
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