There are bank-owned properties in Edison but make sure you know what you're getting yourself into before pursuing that option. As a Short Sale and Foreclosure Resource (SFR), I can help guide you through that process.
Patric Santo Pietro
Prudential New Jersey Properties
There are several places in Edison that will match your criteria. Most of them will be Townhomes in $350k price range. There are few bank owned properties as well. Please feel free to contact me at my Cell# 732-277-9321 or you can search on your own at http://www.vishalmaher.com. The website has very clear school information as well which you are looking for.
Even if you do not like this house, i have more properties that you can view.
Visit my website for more information.