NOT LISTED FOR SALE

17 Farmstead Rd Short Hills, NJ 07078

Estimated Value: $2,695,857 - $3,088,000

5 Beds
8 Baths
5,579 Sq Ft
$525/Sq Ft Est. Value

Last Sold August 28, 2023

Last sale price $2,599,000 $466 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $19,261/month

14 Days on Market

About This Home

As of August 2023

This home is located at 17 Farmstead Rd, Short Hills, NJ 07078 since 14 June 2023 and is currently estimated at $2,927,952, approximately $524 per square foot. This property was built in 1960. 17 Farmstead Rd is a home located in Essex County with nearby schools including Deerfield Elementary School, Millburn Middle School, and Millburn High School.

Last Agent to Sell the Property

Richa Garg

WEICHERT REALTORS Brokerage Phone: 973-376-4545 Listed on: 06/14/2023

WEICHERT REALTORS

Last Buyer's Agent

ARLENE GORMAN GONNELLA

WEICHERT REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,901

Year Built

  • 1960

Lot Details

  • 0.92 Acre Lot

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 8 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$33,901

Year Built

1960

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 17
  • I D: 5227340
  • Modified: 2024-08-29
  • Number Images: 1
  • Attribution Contact: 973-376-4545
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1960

Interior Features

  • Bedrooms: 5
  • Bathrooms: 7.10

Lot Info

  • Total Acres: 0.92

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2023
Closed on
Aug 17, 2023
Sold by
Kumar Nitin and Kumar Lakshmi
Bought by
Dalal-Patel Shambi and Patel Raunaq
Seller's Agent
Richa Garg
WEICHERT REALTORS
Buyer's Agent
ARLENE GORMAN GONNELLA
WEICHERT REALTORS
List Price
$2,599,000
Sold Price
$2,599,000
Total Days on Market
14
Views
177
Current Estimated Value
$2,927,952

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$328,952
Avg. Annual Appreciation
6.96%
Original Mortgage
$2,079,200
Outstanding Balance
$2,033,749
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$894,203

Purchase Details

Listed on
Feb 22, 2016
Closed on
May 16, 2016
Sold by
Katz Arthur and Katz Joan
Bought by
Kumar Lakshmi and Kumar Nitin
Seller's Agent
KAREN KAHN
KELLER WILLIAMS REALTY
Buyer's Agent
Richa Garg
WEICHERT REALTORS
List Price
$1,650,000
Sold Price
$1,500,000
Premium/Discount to List
-$150,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.85%
Original Mortgage
$1,200,000
Interest Rate
2.25%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dalal-Patel Shambi $2,599,000 Fidelity National Title
Kumar Lakshmi $1,500,000 Acres Land Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dalal-Patel Shambi $2,079,200
Previous Owner Kumar Lakshmi $1,200,000
Previous Owner Katz Arthur M $2,825,000
Previous Owner Katz Arthur $1,000,000
Previous Owner Katz Arthur $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2023 08/28/23 Sold $2,599,000 0.0% $466 / Sq Ft
06/28/2023 06/28/23 Pending -- -- --
06/14/2023 06/14/23 For Sale $2,599,000 +73.3% $466 / Sq Ft
05/24/2016 05/24/16 Sold $1,500,000 -9.1% $269 / Sq Ft
04/11/2016 04/11/16 Pending -- -- --
02/22/2016 02/22/16 For Sale $1,650,000 -- $296 / Sq Ft
Source: Garden State MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $33,901 $1,733,200 $776,400 $956,800
2022 $33,676 $1,733,200 $776,400 $956,800
2021 $33,589 $1,733,200 $776,400 $956,800
2020 $33,381 $1,733,200 $776,400 $956,800
2019 $33,451 $1,733,200 $776,400 $956,800
2018 $32,965 $1,733,200 $776,400 $956,800
2017 $32,168 $1,733,200 $776,400 $956,800
2016 $41,757 $1,938,600 $544,800 $1,393,800
2015 $40,808 $1,938,600 $544,800 $1,393,800
2014 $39,082 $1,938,600 $544,800 $1,393,800
Source: Public Records

Agents Affiliated with this Home

  • Richa Garg

    Seller's Agent in 2023

    Richa Garg

    WEICHERT REALTORS

    (973) 941-9739

    75 in this area

    121 Total Sales

    Richa Garg
    Section Image

  • A

    Buyer's Agent in 2023

    ARLENE GORMAN GONNELLA

    WEICHERT REALTORS

  • K

    Seller's Agent in 2016

    KAREN KAHN

    KELLER WILLIAMS REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3849340

Garden State MLS

APN: 12-04901-0000-00006

New Jersey Essex County Short Hills 07078

17 Farmstead Rd, Short Hills, NJ

This home is located at 17 Farmstead Rd, Short Hills, NJ 07078 since 14 June 2023 and is currently estimated at $2,927,952, approximately $524 per square foot. This property was built in 1960. 17 Farmstead Rd is a home located in Essex County with nearby schools including Deerfield Elementary School, Millburn Middle School, and Millburn High School.

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