NOT LISTED FOR SALE

55 Lake Rd Short Hills, NJ 07078

Estimated Value: $2,677,278 - $3,561,000

5 Beds
5 Baths
5,300 Sq Ft
$599/Sq Ft Est. Value

Last Sold March 23, 2012

Last sale price $1,950,000 $368 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $21,098/month

About This Home

As of March 2012

This home is located at 55 Lake Rd, Short Hills, NJ 07078 since 23 March 2012 and is currently estimated at $3,176,426, approximately $599 per square foot. This property was built in 1969. 55 Lake Rd 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

ELAINE PRUZON

PROMINENT PROPERTIES SIR Brokerage Phone: 973-376-5200 Listed on: 03/23/2012

Last Buyer's Agent

MARIA SIAN-AFABLE

WEICHERT REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $39,810

Year Built

  • 1969

Lot Details

  • 0.4 Acre Lot

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Home Details

Home Type

Single Family

Est. Annual Taxes

$39,810

Year Built

1969

Lot Details

0

Listing Details

  • County Name: Essex
  • Street Number Display: 55
  • I D: 4184647
  • Modified: 2021-09-23
  • Number Images: 1
  • Attribution Contact: 973-376-5200
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1969

Interior Features

  • Bedrooms: 5
  • Bathrooms: 4.10

Lot Info

  • Lot Size: IRREG .3960 AC
  • Total Acres: 0.40

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2012
Closed on
Mar 23, 2012
Sold by
Mountain L&L Developers Llc
Bought by
Shah Hitesh and Shah Mita
Seller's Agent
ELAINE PRUZON
PROMINENT PROPERTIES SIR
Buyer's Agent
MARIA SIAN-AFABLE
WEICHERT REALTORS
Sold Price
$1,950,000
Total Days on Market
0
Current Estimated Value
$3,176,426

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,226,426
Avg. Annual Appreciation
3.61%
Original Mortgage
$1,300,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2009
Sold by
Bendokas John J and Bendokas Nancy J
Bought by
Mountain L & L Developers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
5.47%
Mortgage Type
Construction
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Shah Hitesh $1,950,000 Multiple
Mountain L & L Developers Llc $999,999 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shah Hitesh $1,275,000
Closed Shah Hitesh $1,300,000
Closed Shah Hitesh $1,300,000
Previous Owner Mountain L & L Developers Llc $1,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2012 03/23/12 Sold $1,950,000 -- $368 / 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 $39,810 $2,035,300 $999,000 $1,036,300
2023 $39,546 $2,035,300 $999,000 $1,036,300
2022 $39,546 $2,035,300 $999,000 $1,036,300
2021 $39,444 $2,035,300 $999,000 $1,036,300
2020 $39,200 $2,035,300 $999,000 $1,036,300
2019 $39,281 $2,035,300 $999,000 $1,036,300
2018 $38,711 $2,035,300 $999,000 $1,036,300
2017 $37,775 $2,035,300 $999,000 $1,036,300
2016 $39,763 $1,846,000 $791,300 $1,054,700
2015 $38,858 $1,846,000 $791,300 $1,054,700
2014 $37,215 $1,846,000 $791,300 $1,054,700
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2012

    ELAINE PRUZON

    PROMINENT PROPERTIES SIR

  • M

    Buyer's Agent in 2012

    MARIA SIAN-AFABLE

    WEICHERT REALTORS

See All Agents

Map

Source: Garden State MLS

MLS Number: 2895714

Garden State MLS

APN: 12-03005-0000-00002

New Jersey Essex County Short Hills 07078

55 Lake Rd, Short Hills, NJ

This home is located at 55 Lake Rd, Short Hills, NJ 07078 since 23 March 2012 and is currently estimated at $3,176,426, approximately $599 per square foot. This property was built in 1969. 55 Lake Rd is a home located in Essex County with nearby schools including Hartshorn 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.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes