37 Ferry St · Lambertville, NJ 08530

$1,595,000

3 bd · 3.5 ba · 3,192 sqft · Townhouse public records · 26 Days on market

Built 2024 Excellent condition 2,563 sqft lot Est $1810k · 12% under $380/mo HOA · 3% of rent

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +14.4/30.0
• ARV discount +12.8/15.0
• Condition / age +4.8/5.0
• DSCR +4.4/10.0
• 1% rule +4.1/10.0
• Livability +3.7/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Set in the heart of downtown Lambertville, this stunning luxury residence offers a rare opportunity to experience sophisticated river-town living at an exceptional level. Spanning over 3,200 square feet, the designer-curated home blends timeless elegance and premier craftsmanship throughout. Rich hardwood flooring, custom closet systems, designer lighting, and three beautifully appointed ensuite bedrooms elevate every space. The gourmet chef's kitchen serves as the centerpiece of the home, featuring a dramatic quartz waterfall island, custom-paneled Thermador refrigerator, six-burner professional gas range beneath a custom slat hood, and an elegant wine and coffee bar with glass cabinetry and brushed gold hardware. Bathed in natural light from Ferry Street, the sophisticated living room showcases a sleek gas fireplace inlay and seamless flow for entertaining. The main level also offers custom built-ins, a flexible dining room or office space, designer powder room, and access to a spacious rear deck for indoor-outdoor living. Upstairs, two luxurious suites feature spa-inspired baths and tailored closet systems, while the third level presents an additional private suite with a custom walk-in closet, wet bar, second wine refrigerator, and rooftop ambiance ideal for entertaining. A dramatic 30+ foot linear chandelier anchors the home's contemporary design, while the oversized private garage and driveway provide a rare downtown convenience.

Key facts

• $380 HOA
• 3 garage spots
• Built 2024

Property features AI

Finance

• HOA & community: Monthly HOA fee; HOA covers common area maintenance, lawn maintenance, snow removal, and exterior building maintenance

Exterior

• Parking: Attached 3-car garage (basement garage, rear entry, oversized, additional storage area, covered parking); Driveway with 4 spaces (total of 7 garage/parking spaces); Private, secure, and lighted parking
• Utilities: Public water; Public sewer; Natural gas available; Electric available; Cable TV available; Natural gas hot water
• Home design: End-of-row townhouse; Level entry to main floor; Construction completed; Estimated year built
• Construction: Vinyl siding with concrete elements; Asphalt roof; Slab foundation; Windows are vinyl-clad, sliding, and double-pane; Pets allowed with no pet restrictions
• Exterior features: Exterior lighting; Sidewalks; Gutter system; Roofed outdoor living areas with deck(s) and porch(es); Landscaped, level premium lot; Has a water view

Interior

• Kitchen: Energy-efficient appliances; ENERGY STAR dishwasher; Microwave; Gas oven/range; Range hood; Stainless steel appliances
• Bedrooms: Two bedrooms on the first upper level; One bedroom on the second upper level; Sitting room
• Flooring: Hardwood floors
• Bathrooms: Three full bathrooms (all on upper levels); One half bathroom on the main level
• Heating & cooling: Forced-air heating (natural gas); Central air conditioning; 200+ amp electric service
• Interior features: Family room open to the kitchen; Gourmet kitchen with island; Pantry; Recessed lighting; Tub/shower and walk-in shower; Upgraded countertops; Walk-in closets; Breakfast area; Bar and built-ins; Combination kitchen and living space; Window treatments; Wood floors; Master bath
• Laundry & utility: Upper-floor laundry with front-loading washer and dryer; Tankless, high-efficiency water heater

What this means for you Summary

Snapshot

• This is a 3-bed/3.5-bath townhouse listed at $1.59M. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-106 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $1.58M (1.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $1.45M (9.0% below list).
• Recommended offer: $1.45M (9.0% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 4.6% in Lambertville — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 74/100 on livability (#168 in NJ, #4,460 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: commute F, cost of living F.
• South Hunterdon Regional School District (rural): math 13% / reading 43% proficiency, ranked #335 of 472 in NJ (top 71%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; only 14% free/reduced lunch — higher-income household profile.
• Zoned schools: Lambertville Public School (math 17% / reading 37%, grade F, #795 of 1,303 statewide, top 64%, 221 students, 34% FRL); South Hunterdon Regional High School (math 14% / reading 42%, grade F, #304 of 399 statewide, top 77%, 417 students, 25% FRL) — zoned schools average 29% FRL vs 14% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 57 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 389 units permitted in Hunterdon County in 2024 (180 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $11k of loan paydown is wiped out by about $48k of value loss. Plan a longer hold.
• Hunterdon County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($1.57M) is reasonable based on typical stale-listing flexibility.
• Current owner paid $925k; list at $1.59M implies a 72% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1,452,154 (9.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.91% ✗
• Cap rate: 6.53%
• Cash-on-cash: 0.86%
• DSCR: 1.04
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $1,809,864
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
79 Wilson St	0.23mi	3/3.0	3,081 (-4%)	6mo	$960,000	$312	77
14 Lambert Ln	0.17mi	3/3.0	2,900 (-9%)	8mo	$375,000	$129	68
16 Lambert Ln	0.18mi	3/3.0	2,900 (-9%)	8mo	$375,000	$129	68
175 N Main St Unit 1	0.66mi	3/3.5	3,600 (+13%)	0mo	$3,010,000	$836	48
44 W Mechanic St	0.50mi	3/3.5	2,758 (-14%)	10mo	$2,200,000	$798	46
70 W Bridge St	0.56mi	4/3.5 (+1)	2,718 (-15%)	1mo	$1,541,000	$567	43

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -16.7%
• Equity multiple: 0.41×
• Total profit: $-264,671
• Equity at exit: $237,820

10-year hold

• IRR: -8.5%
• Equity multiple: 0.47×
• Total profit: $-236,915
• Equity at exit: $137,906

Cash invested: $446,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 21 Tenant-Leaning
• State New Jersey: 21 Tenant-Leaning · D+6
• County: — inherits STATE
• City: — inherits STATE

Anti-eviction Act requires just-cause statewide; rent control in 100+ municipalities; one of the most tenant-friendly states.

Methodology + full state rankings →

ZIP-level market 08530

• Active inventory: 57
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $14,522 medium
• Mortgage (P&I): −$8,364
• Tax from tax record: −$1,743 /mo · $20,915/yr
• Insurance: −$665
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$380
• Vacancy / Maint / Mgmt: −$3,050
• Net cashflow: $-106

Break-even live

Break-even rent $14,656

Max offer price $1,576,213

Occupancy floor 96%

Sensitivity live

Price	-10% $797	-5% $345	+0% $-106	+5% $-558	+10% $-1,009
Rent	-10% $-1,254	-5% $-680	+0% $-106	+5% $467	+10% $1,041
Rate	-1.0pp $697	-0.5pp $299	base $-106	+0.5pp $-520	+1.0pp $-940

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $398,750
• Closing costs: $47,850
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
70 W Bridge St New Hope, PA	3.0	2.5	2718	$6,800	$2.50	12d	1	0.56mi
9 Arnett Ave Unit 1380124P Lambertville, NJ	4.0	2.0	2497	$25,101	$10.05	45d	1	0.70mi

HOA detail

• Monthly dues: $380 · $4,560/yr
• Likely covers: watergas

Listing history 21 events

1. 2026-06-21
   days on market $1,595,000 Active 26 DOM
2. 2026-06-18
   days on market $1,595,000 Active 23 DOM
3. 2026-06-17
   days on market $1,595,000 Active 22 DOM
4. 2026-06-16
   days on market $1,595,000 Active 21 DOM
5. 2026-06-15
   days on market $1,595,000 Active 20 DOM
6. 2026-06-13
   days on market $1,595,000 Active 18 DOM
7. 2026-06-09
   days on market $1,595,000 Active 14 DOM
8. 2026-06-08
   days on market $1,595,000 Active 13 DOM
9. 2026-06-07
   days on market $1,595,000 Active 12 DOM
10. 2026-06-04
    days on market $1,595,000 Active 9 DOM
11. 2026-06-03
    days on market $1,595,000 Active 8 DOM
12. 2026-06-02
    days on market $1,595,000 Active 7 DOM
13. 2026-06-01
    days on market $1,595,000 Active 6 DOM
14. 2026-05-31
    days on market $1,595,000 Active 5 DOM
15. 2026-05-23
    historical $1,595,000 1459-char remark

    Show marketing remark (1459 chars)

    Set in the heart of downtown Lambertville, this stunning luxury residence offers a rare opportunity to experience sophisticated river-town living at an exceptional level. Spanning over 3,200 square feet, the designer-curated home blends timeless elegance and premier craftsmanship throughout. Rich hardwood flooring, custom closet systems, designer lighting, and three beautifully appointed ensuite bedrooms elevate every space. The gourmet chef's kitchen serves as the centerpiece of the home, featuring a dramatic quartz waterfall island, custom-paneled Thermador refrigerator, six-burner professional gas range beneath a custom slat hood, and an elegant wine and coffee bar with glass cabinetry and brushed gold hardware. Bathed in natural light from Ferry Street, the sophisticated living room showcases a sleek gas fireplace inlay and seamless flow for entertaining. The main level also offers custom built-ins, a flexible dining room or office space, designer powder room, and access to a spacious rear deck for indoor-outdoor living. Upstairs, two luxurious suites feature spa-inspired baths and tailored closet systems, while the third level presents an additional private suite with a custom walk-in closet, wet bar, second wine refrigerator, and rooftop ambiance ideal for entertaining. A dramatic 30+ foot linear chandelier anchors the home's contemporary design, while the oversized private garage and driveway provide a rare downtown convenience.

16. 2026-05-21
    historical $1,595,000
17. 2024-04-10
    soldstatus $925,000
18. 2024-04-05
    soldstatus $925,000 Sold
19. 2023-02-10
    price $925,000
20. 2023-02-10
    status Under Contract
21. 2022-10-30
    listed $899,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NJ · Partial reset (capped growth)

• Current annual tax: $20,915 · $1,743/mo
• Projected year-2 tax: $30,315 · $2,526/mo
• Expected delta: +$9,400/yr (+$783/mo · 44.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥101°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $174,258
• − Mortgage interest: −$89,345
• − Property taxes: −$20,915
• − Insurance: −$13,094
• − Repairs & maintenance: −$13,941
• − Management: −$13,941
• − HOA: −$4,560
• − Depreciation: −$46,400
• Taxable loss: −$27,936
• Est. tax savings @ 24.0%: +$6,705
• After-tax cash flow: $5,428/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 13 photos

Excellent 95/100 None rehab

This stunning townhouse in Lambertville is in excellent condition with modern amenities and a prime location. It's move-in ready and would be a great investment.

Value-add opportunities

• Both Landscaping — Enhances curb appeal and adds value
• Both Painting — Fresh paint can make a significant difference in curb appeal and interior aesthetics

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping — Enhances curb appeal and adds value ↑
• Both Painting — Fresh paint can make a significant difference in curb appeal and interior aesthetics ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: South Hunterdon Regional School District
• NCES district ID: 3400769
• Math proficiency: 13% ▼ -27.00%
• Reading proficiency: 43% ▼ -17.00%
• Median HH income: $82,621
• Composite: 27.54/100
• National rank: #6948
• State rank: #335 of 472 in NJ

Livability — Lambertville

• Score: 74/100
• State rank: #168
• US rank: #4460

Category grades

Amenities C+ Commute F Cost of living F Crime A+ Employment A+ Housing A+ Health & safety A+ User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lambertville, NJ
• Population (ZIP): 8,146

Population outlook (Hunterdon County) Hauer SSP2

• Today (2025): 122,644 people
• By 2030: 121,131 · -1.2%
• By 2040: 117,753 · -4.0%
• By 2050: 112,601 · -8.2%
• By 2075: 104,371 · -14.9%
• By 2100: 93,364 · -23.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Hispanic / Latino 8% Two or more races 8% Black 5% Asian 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 1%
• Common ancestry: Romanian 6% Iranian 2% Serbian 1%
• Foreign-born: 10% · Canada, China
• Languages at home: 91% English-only · Spanish 4% Other Indo-European 2% Chinese 1%

Political lean MEDSL · Hunterdon

• 2024 margin: Lean R (+6.7) · D 45.7% · R 52.4% · Other 1.9%
• 2008→2024 swing: +6.7pp toward D · 2008: -13.3pp · 2024: -6.7pp
• All cycles: 2024: R+6.7 2020: R+4.4 2016: R+13.8 2012: R+18.8 2008: R+13.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -193.68%
• Current HPI: 226.5618
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.05%
• F500 in state: 34

Industry mix (Fortune 500 HQ in NJ)

Industry	F500 HQs	Revenue
▸Consumer Goods	3	$31B
▸Pharmaceuticals	2	$153B
▸Technology	2	$21B
▸Insurance	2	$20B
▸Healthcare	2	$19B
▸Financial Services	1	$70B

Price history

+77.4% since first listed

7 events — show timeline

• 2026-05-23 Coming Soon $1,595,000 GSMLS
• 2026-05-21 Coming Soon $1,595,000 BRIGHT MLS
• 2024-04-10 Sold (Public Records) $925,000 Public Records
• 2024-04-05 Sold (MLS) $925,000 GSMLS
• 2023-02-10 Price Changed $925,000 GSMLS
• 2023-02-10 Pending — GSMLS
• 2022-10-30 Listed $899,000 GSMLS

Property tax history

+55.5%/yr

Latest (2025): $20,915 · -1.8% YoY. Source: county tax records.