Comparative Market Analysis — 10 Apple Ridge Way
Comparative Market Analysis 10 Apple Ridge Way — East Brunswick, NJ
Prepared Report
Comparative Market Analysis
10 Apple Ridge Way
East Brunswick, New Jersey
Beds / Baths5 Bed  /  3 Bath
Square Feet3,236 sq ft
BasementUnfinished
Est. Value Range$1.185M – $1.25M
Subject Property
10 Apple Ridge Way
East Brunswick, New Jersey
5 / 3
Bed / Bath
3,236
Square Feet
Basement
Unfinished
Build Year / Upgrades
To Be Confirmed
Report Date
May 2026
Comparable Sales
Comparable 1
45 Cortland Drive, East Brunswick
Under Contract
$1,185,000
Last list price
Was $1,225,000
4 Bed / 3 Bath 3,285 sq ft 2002 Build Unfinished Basement
Upgrades Tankless hot water heater, hardwood floors throughout, new furnace (1 year old), deck, roof (10 years)
This property sat on the market through multiple price reductions before going under contract. Only 4 bedrooms vs. 5 at the subject property, and the final sale price is still unknown. Treated as a secondary data point rather than a pricing anchor.
Comparable 2
57 Cortland Drive N, East Brunswick
Sold May 29, 2026
$1,136,500
Sale price  ·  ~$378 per sq ft
5 Bed / 3 Bath 3,010 sq ft 2002 Build Unfinished Basement
Upgrades None noted
The most recent closed sale in the neighborhood and one of the two primary anchors for this analysis. Same bedroom and bathroom count as the subject, same build year, unfinished basement, and no visible upgrades. At 226 square feet smaller than the subject home, this comp establishes a clear floor for value.
Comparable 3
65 Cortland Drive, East Brunswick
Sold July 2025
$1,180,000
Sale price  ·  Listed at $1,200,000
5 Bed / 3 Bath 3,010 sq ft 2002 Build Unfinished Basement
Upgrades None noted
The second primary anchor. Sold slightly below asking price, consistent with the pricing discipline buyers in this market have shown. Together with 57 Cortland, these two sales give a reliable baseline of $1,136,500 to $1,180,000 for an unimproved home at roughly 3,000 square feet.
Comparable 4 — Ceiling Reference
15 Cortland Drive, East Brunswick
Sold Above Ask
$1,320,800
Sale price  ·  Listed $1,299,990
5 Bed / 3 Bath 0.56 Acre Lot 2002 Build Finished Basement
Notable Finished basement, large lot (0.56 acres)
Used as a ceiling reference only. The finished basement and significantly larger lot are the primary drivers of this sale price. It sold above asking, which reflects those specific features rather than a general market premium. Without comparable improvements, this sale cannot justify similar pricing at the subject property.
Adjusted Valuation
Estimated Market Value Range — 10 Apple Ridge Way
$1,185,000 Conservative
$1,250,000 With Confirmed Upgrades
Adjustment Factor Value Impact
Base value — average of 57 and 65 Cortland (5 bed / 3 bath, no upgrades, same build year) ~$1,158,000
Size premium vs. 57 and 65 Cortland — subject is 226 sq ft larger at approx. $370 per sq ft +$84,000
No finished basement — 15 Cortland suggests a finished basement adds $40,000 to $60,000 in value −$50,000
Market drift — comparable data spans 10 to 12 months with a slight upward trend observed +$15,000
Estimated Market Value Range $1,185,000 – $1,250,000
Notes and Considerations
Why 45 Cortland Was Excluded from the Base Calculation
This property is still under contract with no confirmed sale price. It also carries only 4 bedrooms compared to 5 at the subject property, and it went through several price reductions before finding a buyer. The eventual closing price will likely be at or below $1,185,000, which is consistent with the range already established by the two primary comps.
Why 15 Cortland Is a Ceiling Reference, Not a Comp
The finished basement and the size of the lot are the primary reasons that property sold above $1,300,000 and above its asking price. Without those features at the subject property, that sale cannot be used to justify a comparable number. It is referenced here only to show the upper boundary of what the neighborhood can support under the right conditions.
Impact of Confirmed Upgrades
Any verified improvements at the subject property, including roof age, HVAC condition, kitchen or bathroom updates, or upgraded flooring, would support pricing toward or above the upper end of the estimated range. This analysis assumes no significant improvements are present. Confirming the condition of major systems before listing is strongly recommended.
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