NOT LISTED FOR SALE

50 South Terrace Short Hills, NJ 07078

Estimated Value: $1,563,000 - $1,816,501

4 Beds
3.5 Baths
2,375 Sq Ft
$706/Sq Ft Est. Value

Last Sold February 17, 2022

Last sale price $1,205,000 $507 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $10,407/month

167 Days on Market

Highlights

  • Multiple Fireplaces
  • Stairway
  • Central Air
  • Glenwood Elementary School Rated A+
  • En-Suite Primary Bedroom
  • Rectangular Lot

About This Home

As of February 2022

Rare value in OLD SHORT HILLS. Superb location within blocks to NYC train and top rated GLENWOOD School. Beautifully updated 4 BR, 3.5 BTHS immaculate colonial with Sun drenched rooms & gleaming hardwood floors. Front to back living room with wood burning fire place. Gourmet kitchen w/SS appliances, granite counters & breakfast bar with a 2nd sink. Open to DR & 1st floor FR. Sliders to deck. Park-like fenced backyard, ideal for entertaining. 1st floor full bath. 2nd floor features stylish primary suite w/WIC & wood burning fireplace. Tumbled marble spa-like bath with radiant floor. 3 additional BRs & bath. Finishe w/o basement w/rec room, office, Pdr Room, Laundry, Other features: Crown Molding in LR & DR. New Windows, Recessed lights, custom closets, Hunter Douglas window treatment, New water softener, Circular Driveway.

Last Agent to Sell the Property

Vivek Malhotra

Coldwell Banker, Upper Montclair Listed on: 07/02/2021

Coldwell Banker, Upper Montclair

Last Buyer's Agent

Outside Agent

Outside Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,557

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 110x167
  • Rectangular Lot

Parking

  • 1 Car Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Multiple Fireplaces
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Accessible Home Design

  • Stairway

Schools

  • Gleenwood Elementary School
  • Millburn Middle School
  • Millburn High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Radiant Heating System

Listing and Financial Details

  • Legal Lot and Block 00009 / 02002

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,557

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Su Prop: Residentia
  • Ownership: Private
  • PropertySubType: Single Family Residence
  • ResoLotFeatures: Regular
  • View Type:Pond View: None
  • Co List Office Phone: 973-267-8990
  • MLS Status: Sold - Sold
  • Directions: hobart gap rd to hobart ave to south
  • Reso Fireplace Features: 2 Fireplaces
  • Year Built Details: 1940's,Build Prior to 1978
  • PropertySubTypeAdditional: Other
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Full, Grd Lv Acces
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Primary Bathroom: Yes

Exterior Features

  • Pool Features: None
  • Pool Private: No
  • Waterfront Features: None
  • Disclosures: Seller's Agent, Seller Disclosure - Yes
  • Construction Type: Brick

Garage/Parking

  • Garage Spaces: 1.0

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air, Radiant

Schools

  • Elementary School: GLEENWOOD
  • High School: MILLBURN
  • Middle Or Junior School: MILLBURN
  • Elementary: GLEENWOOD

Lot Info

  • Lot Dimensions: 110x167
  • Lot Size Sq Ft: 18369.0

Tax Info

  • Tax Annual Amount: 18557.0
  • Tax Block: 02002
  • Tax Lot: 00009

MLS Schools

  • High School Text: MILLBURN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2021
Closed on
Feb 16, 2022
Sold by
Subramanyam Phanikiran and Subramanyam Padmashree
Bought by
Wargi Vinay Vijay and Vijaywargi Jyoti
Seller's Agent
Vivek Malhotra
Coldwell Banker, Upper Montclair
Buyer's Agent
Outside Agent
Outside Office
List Price
$1,175,000
Sold Price
$1,205,000
Premium/Discount to List
$30,000
2.55%
Current Estimated Value
$1,676,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$471,500
Avg. Annual Appreciation
9.21%
Original Mortgage
$903,750
Outstanding Balance
$840,611
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$835,889

Purchase Details

Listed on
Oct 21, 2015
Closed on
Oct 16, 2015
Sold by
Yi Kyuha and Yoo Jinsoo
Bought by
Subramanyam Phanikiran and Subramanyam Mohan, P
Seller's Agent
NATALYA PRICE
COMPASS NEW JERSEY, LLC
Buyer's Agent
VIVEK MALHOTRA
COLDWELL BANKER REALTY
Sold Price
$945,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.91%
Original Mortgage
$708,700
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2009
Sold by
Donnelly James P and Donnelly Elizabeth H
Bought by
Yi Kyuha and Yoo Jinsoo
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
Wargi Vinay Vijay $1,205,000 Aronowitz Mark
Subramanyam Phanikiran $945,000 --
Subramanyam Phanikiran $945,000 Nrt Title
Yi Kyuha $670,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wargi Vinay Vijay $903,750
Previous Owner Subramanyam Phanikiran $708,700
Closed Yi Kyuha $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/05/2025 03/05/25 Off Market $1,205,000 -- --
02/17/2022 02/17/22 Sold $1,205,000 +2.6% $507 / Sq Ft
12/16/2021 12/16/21 Pending -- -- --
07/02/2021 07/02/21 For Sale $1,175,000 +24.3% $495 / Sq Ft
10/21/2015 10/21/15 Sold $945,000 -- $398 / Sq Ft View Prior Sale
Source: New Jersey 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 $18,846 $963,500 $594,800 $368,700
2024 $18,846 $963,500 $594,800 $368,700
2023 $18,721 $963,500 $594,800 $368,700
2022 $18,721 $963,500 $594,800 $368,700
2021 $18,673 $963,500 $594,800 $368,700
2020 $18,557 $963,500 $594,800 $368,700
2019 $18,596 $963,500 $594,800 $368,700
2018 $18,326 $963,500 $594,800 $368,700
2017 $17,883 $963,500 $594,800 $368,700
2016 $16,299 $756,700 $454,200 $302,500
2015 $15,929 $756,700 $454,200 $302,500
2014 $15,255 $690,200 $454,200 $236,000
Source: Public Records

Agents Affiliated with this Home

  • Vivek Malhotra

    Seller's Agent in 2022

    Vivek Malhotra

    Coldwell Banker, Upper Montclair

    (973) 479-5001

    1 in this area

    4 Total Sales

    Vivek Malhotra
    Section Image

  • O

    Buyer's Agent in 2022

    Outside Agent

    Outside Office

  • N

    Seller's Agent in 2015

    NATALYA PRICE

    COMPASS NEW JERSEY, LLC

See All Agents

Map

Source: New Jersey MLS

MLS Number: 21026881

New Jersey MLS

APN: 12-02002-0000-00009

New Jersey Essex County Short Hills 07078

50 South Terrace, Short Hills, NJ

Not Listed for Sale

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