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11 Elsway Road

11 Elsway Road, Short Hills, NJ 07078
Property in Essex
Sold Jun 04, 2021
$1,951,000
$1,365,000 by Bank Of America Na
Mortgage Due Jul 01, 2051
Sold Aug 23, 2006
$2,050,000
$6,000,000 by Aegis Wholesale Corp
Mortgage Due Sep 01, 2036
Local assessors in Short Hills, NJ have categorized 11 Elsway Road as a residential type of property. The home was built in 1951 and is 73 years old. The property's lot size has been calculated to be 24,999 square feet. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 11 Elsway Road has a total of 5,070 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The property was last sold in May 21, 2021 for $1,951,000. That's $384.81 per sqft. Prior to that sales transaction, the property was also sold in Aug 10, 2006 for $2,050,000. 11 Elsway Road was last assessed in 2022. The total value of the property was assessed at $2,000,000. Specifically, the land the property is located on was valued at $1,043,500. While improvements on the property were assessed at a total of $956,500. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $38,860. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 24,999
  • Total Building Area: 5,070
  • Building Area: 5,070
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,070
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.574
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : BADJATE PRACHI
  • Current Owner 2: JAIN NITIN
  • Previous Owner : KAPUR RAKESH
  • Previous Owner 2: KAPUR GITA
  • Owner Before Previous Owner: MCGAHAN WILLIAM
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Millburn Township School District
  • Census Tract: 020100

Geography

  • Assessors Map Reference: TAX MAP 29
  • District: 12
  • Parcel: 12 02901-0000-00023
  • Block: 2901
  • Lot: 23
  • Municipality: MILLBURN TWP
  • Latitude: 40.7397
  • Longitude: -74.3241

    Address

  • Full Address: 11 Elsway Rd
  • Address - House Number: 11
  • Address - Street Name: Elsway
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Short Hills
  • Carrier Code: C003
  • 4-Digit Zip Code: 1617
  • Zip Code: 07078

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $38,860

    Appraisal Valuation

  • Standard Deviation: 0.2103
  • Valuation Date: Mar 15, 2023
  • Confidence Score: 71
  • Final Value: 2,288,024
  • High Value: 2,769,273
  • Low Value: 1,806,775

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,365,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Jun 04, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,365,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2051

    Market Valuation

  • Market Total Value: $2,000,000
  • Market Land Value: $1,043,500
  • Market Improvement Value: $956,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,000,000
  • Assessed Land Value: $1,043,500
  • Assessed Improvements Value: $956,500

    Sales

  • Current Sale Contract Date: May 21, 2021
  • Current Sale Recording Date: Jun 04, 2021
  • Current Sale Transaction ID: 11838946234
  • Current Sale Price: $1,951,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021069611
  • Previous Sale Recording Date: Aug 23, 2006
  • Previous Sale Contract Date: Aug 10, 2006
  • Previous Sale Amount: $2,050,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Jun 04, 2021
  • First Mortgage Loan Amount: $1,365,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: AEGIS WHOLESALE CORP
  • Previous Mortgage Transaction Date: Aug 23, 2006
  • Previous Mortgage Loan Amount: $6,000,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2036

About Short Hills



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 11 Elsway Road located in?
The 11 Elsway Road is a located in the neighborhood of Essex in Short Hills, Short Hills.
What is the average sales price for listings in 11 Elsway Road?
The average sales price for units in 11 Elsway Road is $0 currently.

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