NOT LISTED FOR SALE

48 Great Hills Terrace Short Hills, NJ 07078

Estimated Value: $1,889,000 - $3,900,000

-- Bed
-- Bath
4,920 Sq Ft
$655/Sq Ft Est. Value

About This Home

This home is located at 48 Great Hills Terrace, Short Hills, NJ 07078 and is currently estimated at $3,223,792, approximately $655 per square foot. 48 Great Hills Terrace is a home located in Essex County with nearby schools including Deerfield Elementary School, Millburn Middle School, and Millburn High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 9, 2010
Sold by
Jain Rajiv and Jain Latika
Bought by
Hoffman Scott and Hoffman Stephanie
Current Estimated Value
$3,223,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2005
Sold by
Prudential Residential Svc
Bought by
Jain Rajiv and Jain Latika

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,715,000
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 21, 2005
Sold by
Ahmed Kamal
Bought by
Prudential Residential Svc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,715,000
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Hoffman Scott $2,545,000 First American Title Ins Co
Jain Rajiv $2,450,000 --
Prudential Residential Svc $2,450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoffman Scott $962,150
Closed Hoffman Scott $995,000
Closed Hoffman Scott $1,000,000
Previous Owner Jain Rajiv $1,715,000
Previous Owner Prudential Residential Svc $1,715,000
Previous Owner Ahmed Kamal $200,000
Source: Public Records

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 $43,032 $2,200,000 $805,600 $1,394,400
2024 $43,032 $2,200,000 $805,600 $1,394,400
2022 $42,746 $2,200,000 $805,600 $1,394,400
2021 $42,636 $2,200,000 $805,600 $1,394,400
2020 $46,205 $2,399,000 $805,600 $1,593,400
2019 $53,976 $2,796,700 $805,600 $1,991,100
2018 $53,193 $2,796,700 $805,600 $1,991,100
2017 $51,907 $2,796,700 $805,600 $1,991,100
2016 $49,697 $2,307,200 $462,700 $1,844,500
2015 $48,567 $2,307,200 $462,700 $1,844,500
2014 $46,513 $2,307,200 $462,700 $1,844,500
Source: Public Records

Map

New Jersey Essex County Short Hills 07078

48 Great Hills Terrace, Short Hills, NJ

This home is located at 48 Great Hills Terrace, Short Hills, NJ 07078 and is currently estimated at $3,223,792, approximately $655 per square foot. 48 Great Hills Terrace is a home located in Essex County with nearby schools including Deerfield Elementary School, Millburn Middle School, and Millburn High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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