301 Norwood Ave · Laurence Harbor, NJ 08879

$429,000

4 bd · 2.0 ba · 1,304 sqft · SingleFamily public records · 6 Days on market

Built 1935 6,299 sqft lot $329/sqft · 9% below area Est $471k · 9% under

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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 +12.5/30.0
• ARV discount +11.5/15.0
• Schools +3.9/10.0
• DSCR +3.7/10.0
• Livability +3.6/5.0
• 1% rule +3.4/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 301 Norwood Avenue. This is an incredible opportunity to own in an area where home values continue to rise! This spacious home offers 4 bedrooms and 2 full bathrooms, thoughtfully laid out to provide both comfort and functionality. The main level features a convenient primary bedroom, along with newer flooring that enhances the home's modern feel. The kitchen is equipped with beautiful maple cabinetry and flows seamlessly into a large family room with vaulted ceilings and abundant natural light, which is perfect for both everyday living and entertaining. Situated on a desirable fenced in corner lot, the property also includes a covered porch for relaxing outdoors and a storage shed for added convenience. Ideally located just minutes from shopping, public transportation, major highways, and the Jersey Shore, this home offers both accessibility and lifestyle. Whether you're a homeowner or investor, this is a fantastic opportunity you won't want to miss!

Key facts

• Covered porch
• Fenced in corner lot
• Storage shed

Tags

• PRIMARY BEDROOM
• MAPLE CABINETRY
• FENCED IN CORNER LOT
• COVERED PORCH
• STORAGE SHED
• MINUTES FROM SHOPPING

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $429k.

Deal economics

• At list price, monthly cash flow is $-63 ($-762/yr) — negative.
• To cash-flow at today's rent, offer at most $418k (2.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $362k (15.5% below list).
• Recommended offer: $362k (15.5% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 3.6% in Laurence Harbor — 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 71/100 on livability (#253 in NJ) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, schools A-; Watch: amenities F, cost of living F, health & safety D-.
• Old Bridge Township School District (suburban): math 29% / reading 54% proficiency, ranked #202 of 472 in NJ (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 17% free/reduced lunch — higher-income household profile.
• Market conditions: Rents flat; 70 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 1,971 units permitted in Middlesex County in 2024 (1,193 in 5+ unit buildings).
• At $3,624/mo this rent would consume 47% of the median local household income ($93k/yr) (locally 875% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $13k of value loss. Plan a longer hold.
• Middlesex County population projected at +15% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 20y ago; this cycle's ask has dropped $30k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $295k; 45% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $362,411 (15.5% 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. Built in 1935 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.84% ✗
• Cap rate: 6.12%
• Cash-on-cash: -0.63%
• DSCR: 0.97
• GRM: 9.9

CMA / ARV

• ARV (median comp): $470,665
• List price: $429,000
• Delta: -4.60%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
231 Hillcrest Ave	0.10mi	4/1.0	1,286 (-1%)	4mo	$415,000	$323	86
763 Prospect Ave	0.15mi	3/2.0 (-1)	1,494 (+15%)	0mo	$520,000	$348	64
835 Summerfield Ave	0.45mi	3/1.0 (-1)	1,252 (-4%)	13mo	$430,000	$343	53
107 Boulevard West Blvd	0.66mi	4/2.0	1,422 (+9%)	2mo	$485,000	$341	52
537 Prospect Ave	0.17mi	3/1.5 (-1)	1,453 (+11%)	18mo	$427,000	$294	51
75 Shoreland Cir	0.60mi	4/2.0	1,392 (+7%)	14mo	$520,000	$374	49
145 Twilight Ave	0.58mi	3/1.0 (-1)	1,272 (-2%)	17mo	$540,000	$425	46
367-367 Laurence Pkwy	0.14mi	3/1.5 (-1)	1,492 (+14%)	21mo	$390,000	$261	45
269 Garfield Ave	0.48mi	3/1.0 (-1)	1,156 (-11%)	7mo	$405,000	$350	44
890 State Route 35 Hwy	0.41mi	3/1.5 (-1)	1,428 (+10%)	21mo	$295,000	$207	41
165 Bayview Dr	0.49mi	3/1.0 (-1)	1,216 (-7%)	20mo	$415,000	$341	40
70 Woodshore W	0.71mi	3/1.5 (-1)	1,420 (+9%)	10mo	$599,900	$422	37

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 · 0.64% rent growth · sell at horizon

5-year hold

• IRR: -20.0%
• Equity multiple: 0.32×
• Total profit: $-81,937
• Equity at exit: $63,965

10-year hold

• IRR: -18.9%
• Equity multiple: 0.09×
• Total profit: $-109,336
• Equity at exit: $37,092

Cash invested: $120,120 (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 08879

• Rents YoY: 0.6%
• Active inventory: 70
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $3,624 medium
• Mortgage (P&I): −$2,250
• Tax from tax record: −$498 /mo · $5,977/yr
• Insurance: −$179
• HOA: −$0
• Vacancy / Maint / Mgmt: −$761
• Net cashflow: $-63

Break-even live

Break-even rent $3,704

Max offer price $417,784

Occupancy floor 97%

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: $107,250
• Closing costs: $12,870
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10 Lake Ave Keyport, NJ	3.0	2.0	900	$3,300	$3.67	1d	1	1.13mi
171 Center St Keyport, NJ	3.0	2.0	1440	$3,300	$2.29	44d	1	1.44mi

Listing history 43 events

1. 2026-06-18
   days on market $429,000 Active 6 DOM
2. 2026-06-17
   days on market $429,000 Active 5 DOM
3. 2026-06-16
   days on market $429,000 Active 4 DOM
4. 2026-06-15
   days on market $429,000 Active 3 DOM
5. 2026-06-13
   pricedays on marketlisting id $429,000 Active 1 DOM
6. 2026-06-09
   days on market $449,000 Active 40 DOM
7. 2026-06-08
   days on market $449,000 Active 39 DOM
8. 2026-06-07
   days on market $449,000 Active 38 DOM
9. 2026-06-04
   days on market $449,000 Active 35 DOM
10. 2026-06-03
    days on market $449,000 Active 34 DOM
11. 2026-06-02
    days on market $449,000 Active 33 DOM
12. 2026-06-01
    days on market $449,000 Active 32 DOM
13. 2026-05-31
    days on market $449,000 Active 31 DOM
14. 2026-05-07
    historical Under Contract - Attorney Review 979-char remark

    Show marketing remark (979 chars)

    Welcome to 301 Norwood Avenue. This is an incredible opportunity to own in an area where home values continue to rise! This spacious home offers 4 bedrooms and 2 full bathrooms, thoughtfully laid out to provide both comfort and functionality. The main level features a convenient primary bedroom, along with newer flooring that enhances the home's modern feel. The kitchen is equipped with beautiful maple cabinetry and flows seamlessly into a large family room with vaulted ceilings and abundant natural light, which is perfect for both everyday living and entertaining. Situated on a desirable fenced in corner lot, the property also includes a covered porch for relaxing outdoors and a storage shed for added convenience. Ideally located just minutes from shopping, public transportation, major highways, and the Jersey Shore, this home offers both accessibility and lifestyle. Whether you're a homeowner or investor, this is a fantastic opportunity you won't want to miss!

15. 2026-04-30
    listed $459,000 Active 977-char remark

    Show marketing remark (979 chars)

    Welcome to 301 Norwood Avenue. This is an incredible opportunity to own in an area where home values continue to rise! This spacious home offers 4 bedrooms and 2 full bathrooms, thoughtfully laid out to provide both comfort and functionality. The main level features a convenient primary bedroom, along with newer flooring that enhances the home's modern feel. The kitchen is equipped with beautiful maple cabinetry and flows seamlessly into a large family room with vaulted ceilings and abundant natural light, which is perfect for both everyday living and entertaining. Situated on a desirable fenced in corner lot, the property also includes a covered porch for relaxing outdoors and a storage shed for added convenience. Ideally located just minutes from shopping, public transportation, major highways, and the Jersey Shore, this home offers both accessibility and lifestyle. Whether you're a homeowner or investor, this is a fantastic opportunity you won't want to miss!

16. 2026-04-30
    listed $459,000 Active 979-char remark

    Show marketing remark (979 chars)

    Welcome to 301 Norwood Avenue. This is an incredible opportunity to own in an area where home values continue to rise! This spacious home offers 4 bedrooms and 2 full bathrooms, thoughtfully laid out to provide both comfort and functionality. The main level features a convenient primary bedroom, along with newer flooring that enhances the home's modern feel. The kitchen is equipped with beautiful maple cabinetry and flows seamlessly into a large family room with vaulted ceilings and abundant natural light, which is perfect for both everyday living and entertaining. Situated on a desirable fenced in corner lot, the property also includes a covered porch for relaxing outdoors and a storage shed for added convenience. Ideally located just minutes from shopping, public transportation, major highways, and the Jersey Shore, this home offers both accessibility and lifestyle. Whether you're a homeowner or investor, this is a fantastic opportunity you won't want to miss!

17. 2026-04-29
    historical $459,000 979-char remark

    Show marketing remark (979 chars)

    Welcome to 301 Norwood Avenue. This is an incredible opportunity to own in an area where home values continue to rise! This spacious home offers 4 bedrooms and 2 full bathrooms, thoughtfully laid out to provide both comfort and functionality. The main level features a convenient primary bedroom, along with newer flooring that enhances the home's modern feel. The kitchen is equipped with beautiful maple cabinetry and flows seamlessly into a large family room with vaulted ceilings and abundant natural light, which is perfect for both everyday living and entertaining. Situated on a desirable fenced in corner lot, the property also includes a covered porch for relaxing outdoors and a storage shed for added convenience. Ideally located just minutes from shopping, public transportation, major highways, and the Jersey Shore, this home offers both accessibility and lifestyle. Whether you're a homeowner or investor, this is a fantastic opportunity you won't want to miss!

18. 2026-04-28
    historical $459,000 977-char remark

    Show marketing remark (977 chars)

    Welcome to 301 Norwood Avenue. This is an incredible opportunity to own in an area where home values continue to rise! This spacious home offers 4 bedrooms and 2 full bathrooms, thoughtfully laid out to provide both comfort and functionality. The main level features a convenient primary bedroom, along with newer flooring that enhances the home's modern feel. The kitchen is equipped with beautiful maple cabinetry and flows seamlessly into a large family room with vaulted ceilings and abundant natural light, which is perfect for both everyday living and entertaining. Situated on a desirable fenced in corner lot, the property also includes a covered porch for relaxing outdoors and a storage shed for added convenience. Ideally located just minutes from shopping, public transportation, major highways, and the Jersey Shore, this home offers both accessibility and lifestyle. Whether you're a homeowner or investor, this is a fantastic opportunity you won't want to miss!

19. 2019-10-24
    soldstatus $295,000
20. 2019-10-11
    soldstatus $295,000 Sold
21. 2019-10-11
    soldstatus $295,000 Closed
22. 2019-10-11
    soldstatus $295,000 Sold
23. 2019-09-04
    historical
24. 2019-09-03
    historical
25. 2019-09-03
    status Pending
26. 2019-08-29
    price $294,999
27. 2019-08-29
    price $294,999
28. 2019-08-29
    price $294,999
29. 2019-06-28
    price $284,999
30. 2019-06-28
    price $284,999
31. 2019-06-28
    price $284,999
32. 2019-05-02
    price $290,000
33. 2019-05-02
    price $290,000
34. 2019-05-02
    price $290,000
35. 2019-04-11
    status Active
36. 2019-04-08
    historical
37. 2019-03-25
    listed $300,000 Active
38. 2019-03-25
    listed $300,000 Active
39. 2019-03-25
    listed $300,000 Active
40. 2006-06-20
    soldstatus $337,000
41. 2006-06-01
    soldstatus $33,700
42. 2006-01-16
    listed $336,900
43. 1983-06-01
    soldstatus $21,000

ⓘ 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: $5,977 · $498/mo
• Projected year-2 tax: $8,329 · $694/mo
• Expected delta: +$2,353/yr (+$196/mo · 39.4%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $43,489
• − Mortgage interest: −$24,031
• − Property taxes: −$5,977
• − Insurance: −$2,145
• − Repairs & maintenance: −$3,479
• − Management: −$3,479
• − Depreciation: −$12,480
• Taxable loss: −$8,101
• Est. tax savings @ 24.0%: +$1,944
• After-tax cash flow: $1,182/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.

Schools (NCES district)

• District: Old Bridge Township School District
• NCES district ID: 3409270
• Math proficiency: 29% ▼ -19.00%
• Reading proficiency: 54% ▼ -8.00%
• Median HH income: $83,654
• Composite: 38.85/100
• National rank: #4104
• State rank: #202 of 472 in NJ

Livability — Laurence Harbor

• Score: 71/100
• State rank: #253
• US rank: #7081

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Laurence Harbor, NJ
• County: Middlesex County · 714,427 people
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 23,556
• Household income: $92,786
• Rent vs Own: 37.1% rent · 62.9% own
• Severe rent burden: 875.0

Population outlook (Middlesex County) Hauer SSP2

• Today (2025): 901,713 people
• By 2030: 930,661 · +3.2%
• By 2040: 986,276 · +9.4%
• By 2050: 1,038,920 · +15.2%
• By 2075: 1,159,418 · +28.6%
• By 2100: 1,221,973 · +35.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 55% Hispanic / Latino 23% Two or more races 14% Black 10% Asian 9%
• Hispanic origin (detail): Puerto Rican 9% Dominican 8%
• Common ancestry: Romanian 11% Scotch-Irish 2% Russian 2%
• Foreign-born: 21% · Canada, China, Jamaica
• Languages at home: 68% English-only · Spanish 15% Other Indo-European 6% Russian/Polish/Slavic 4%

Political lean MEDSL · Middlesex

• 2024 margin: Lean D (+8.0) · D 52.5% · R 44.5% · Other 3.0%
• 2008→2024 swing: -13.8pp toward R · 2008: 21.8pp · 2024: 8.0pp
• All cycles: 2024: D+8.0 2020: D+22.0 2016: D+19.8 2012: D+27.0 2008: D+21.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -193.57%
• Current HPI: 328.4992
• Rent YoY: ▲ 0.64%
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• 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

+2085.7% since first listed

30 events — show timeline

• 2026-05-07 Contingent — CJMLS
• 2026-04-30 Listed $459,000 MOMLS
• 2026-04-30 Listed $459,000 CJMLS
• 2026-04-29 Coming Soon $459,000 CJMLS
• 2026-04-28 Coming Soon $459,000 MOMLS
• 2019-10-24 Sold (Public Records) $295,000 Public Records
• 2019-10-11 Sold (MLS) $295,000 GSMLS
• 2019-10-11 Sold (MLS) $295,000 CJMLS
• 2019-10-11 Sold (MLS) $295,000 MOMLS
• 2019-09-04 Delisted — CJMLS
• 2019-09-03 Delisted — GSMLS
• 2019-09-03 Pending — MOMLS
• 2019-08-29 Price Changed $294,999 GSMLS
• 2019-08-29 Price Changed $294,999 CJMLS
• 2019-08-29 Price Changed $294,999 MOMLS
• 2019-06-28 Price Changed $284,999 GSMLS
• 2019-06-28 Price Changed $284,999 CJMLS
• 2019-06-28 Price Changed $284,999 MOMLS
• 2019-05-02 Price Changed $290,000 GSMLS
• 2019-05-02 Price Changed $290,000 CJMLS
• 2019-05-02 Price Changed $290,000 MOMLS
• 2019-04-11 Relisted — MOMLS
• 2019-04-08 Delisted — MOMLS
• 2019-03-25 Listed $300,000 GSMLS
• 2019-03-25 Listed $300,000 CJMLS
• 2019-03-25 Listed $300,000 MOMLS
• 2006-06-20 Sold (Public Records) $337,000 Public Records
• 2006-06-01 Sold (MLS) $33,700 CJMLS
• 2006-01-16 Listed $336,900 CJMLS
• 1983-06-01 Sold (Public Records) $21,000 Public Records

Property tax history

+1.3%/yr

Latest (2025): $5,977 · +9.9% YoY. Source: county tax records.