NOT LISTED FOR SALE

18 Colonial Way Short Hills, NJ 07078

Estimated Value: $2,426,000 - $3,112,000

5 Beds
5 Baths
3,617 Sq Ft
$739/Sq Ft Est. Value

Last Sold July 15, 2024

Last sale price $2,505,000 $693 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $16,095/month

7 Days on Market

About This Home

As of July 2024

This home is located at 18 Colonial Way, Short Hills, NJ 07078 since 30 May 2024 and is currently estimated at $2,674,550, approximately $739 per square foot. This property was built in 1940. 18 Colonial Way is a home located in Essex County with nearby schools including Hartshorn Elementary School, Millburn Middle School, and Millburn High School.

Last Agent to Sell the Property

ARLENE GORMAN GONNELLA

WEICHERT REALTORS Brokerage Phone: 973-376-4545 Listed on: 05/30/2024

Last Buyer's Agent

ARLEEN GORDON

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,974

Year Built

  • Built in 1940

Lot Details

  • 0.58 Acre Lot

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,974

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Year Built: 1940
  • County Name: Essex
  • Street Number Display: 18
  • I D: 5289896
  • Modified: 2025-07-16
  • Number Images: 1
  • Attribution Contact: 973-376-4545
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 4.10

Lot Info

  • Lot Size: 127XIRR .5785 AC
  • Total Acres: 0.58

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2024
Closed on
Jul 11, 2024
Sold by
Ashton Mark M and Ashton Hannah
Bought by
Moghadam David and Moghadam Kylie
Seller's Agent
ARLENE GORMAN GONNELLA
WEICHERT REALTORS
Buyer's Agent
ARLEEN GORDON
COLDWELL BANKER REALTY
List Price
$2,388,000
Sold Price
$2,505,000
Premium/Discount to List
$117,000
4.9%
Views
29
Current Estimated Value
$2,572,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,113
Avg. Annual Appreciation
6.19%
Original Mortgage
$1,920,000
Outstanding Balance
$1,900,003
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$774,547

Purchase Details

Listed on
Jul 3, 2018
Closed on
Feb 6, 2019
Sold by
Wolfe Anita J and Wolfe Benjamin S
Bought by
Ashton Mark M and Ashton Hannah
Seller's Agent
ELIZABETH KEYLOUN
PROMINENT PROPERTIES SIR
Buyer's Agent
Robert Northfield
KELLER WILLIAMS MID-TOWN DIRECT
List Price
$1,595,000
Sold Price
$1,275,000
Premium/Discount to List
-$320,000
-20.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.22%
Original Mortgage
$1,083,750
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 2014
Sold by
Wolfe Anita and Wolfe Benjamin
Bought by
Wolfe Benjamin S
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
Moghadam David $2,505,000 Seber Title
Ashton Mark M $1,275,000 --
Wolfe Benjamin S -- --
Wolfe Benjamin S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moghadam David $1,920,000
Previous Owner Ashton Mark M $1,049,000
Previous Owner Ashton Mark M $1,083,750
Previous Owner Wolfe Benjamin S $925,257
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2024 07/15/24 Sold $2,505,000 +4.9% $693 / Sq Ft
06/06/2024 06/06/24 Pending -- -- --
05/30/2024 05/30/24 For Sale $2,388,000 +87.3% $660 / Sq Ft
02/08/2019 02/08/19 Sold $1,275,000 -20.1% $260 / Sq Ft
01/18/2019 01/18/19 Pending -- -- --
07/03/2018 07/03/18 For Sale $1,595,000 -- $325 / 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
2025 $24,974 $1,276,800 $721,500 $555,300
2024 $24,974 $1,276,800 $721,500 $555,300
2022 $24,808 $1,276,800 $721,500 $555,300
2021 $24,710 $1,275,000 $721,500 $553,500
2020 $24,557 $1,275,000 $721,500 $553,500
2019 $30,975 $1,604,900 $801,700 $803,200
2018 $30,525 $1,604,900 $801,700 $803,200
2017 $29,787 $1,604,900 $801,700 $803,200
2016 $30,845 $1,432,000 $547,000 $885,000
2015 $30,144 $1,432,000 $547,000 $885,000
2014 $28,869 $1,432,000 $547,000 $885,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3904641

Garden State MLS

APN: 12-03503-0000-00020