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34 Hobart Gap Road

34 Hobart Gap Road, Short Hills, NJ 07078
Property in Essex
Sold Feb 10, 2020
$875,000
$700,000 by Citibank Na
Mortgage
34 Hobart Gap Road in Short Hills, NJ was first built in 1963 and is 61 years old. This has been categorized as a residential property type. It is a single story home. 34 Hobart Gap Road has 2,738 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 21,998 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 34 Hobart Gap Road sold most recently in Jan 30, 2020 for a total of $875,000. If you work out the math, that's approximately a cost of $319.58 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $18,944 in taxes each year. 34 Hobart Gap Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $975,000. If we break it down further, the land itself was valued at $638,000. Improvements to the property, however, were assessed at a total of $337,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 21,998
  • Total Building Area: 2,738
  • Building Area: 2,738
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,738
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.505
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : LIANG YUBIN
  • Current Owner 2: LIAO HUIDIAN
  • Previous Owner : COX CLAIRE E EST
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Millburn Township School District
  • Census Tract: 020000

Geography

  • Assessors Map Reference: TAX MAP 34
  • District: 12
  • Parcel: 12 03403-0000-00016
  • Block: 3403
  • Lot: 16
  • Municipality: MILLBURN TWP
  • Latitude: 40.728
  • Longitude: -74.3429

    Address

  • Full Address: 34 Hobart Gap Rd
  • Address - House Number: 34
  • Address - Street Name: Hobart Gap
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Short Hills
  • Carrier Code: C016
  • 4-Digit Zip Code: 1804
  • Zip Code: 07078

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $18,944

    Appraisal Valuation

  • Standard Deviation: 0.22
  • Valuation Date: Nov 08, 2023
  • Confidence Score: 69
  • Final Value: 1,270,527
  • High Value: 1,550,083
  • Low Value: 990,971

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $700,000
  • First Open Lien Mortgage Lender: CITIBANK NA
  • First Open Lien Mortgage Recording Date: Feb 10, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $700,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage

    Market Valuation

  • Market Total Value: $975,000
  • Market Land Value: $638,000
  • Market Improvement Value: $337,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $975,000
  • Assessed Land Value: $638,000
  • Assessed Improvements Value: $337,000

    Sales

  • Current Sale Contract Date: Jan 30, 2020
  • Current Sale Recording Date: Feb 10, 2020
  • Current Sale Transaction ID: 11743814253
  • Current Sale Price: $875,000
  • Current Sale Document Type: Executor's Deed
  • Current Sale Input Document Number: 2020015664

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK NA
  • First Mortgage Transaction Date: Feb 10, 2020
  • First Mortgage Loan Amount: $700,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Short Hills



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Frequently Asked Questions

What neighborhood is 34 Hobart Gap Road located in?
The 34 Hobart Gap Road is a located in the neighborhood of Essex in Short Hills, Short Hills.
What is the average sales price for listings in 34 Hobart Gap Road?
The average sales price for units in 34 Hobart Gap Road is $0 currently.

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