162 Hobart Ave Short Hills, NJ 07078-2848
Property profile & analytics
162 Hobart Ave, Short Hills, NJ 07078-2848
- Commercial real estate
- 10,508 SF
- 2.00 lot acres
Property ID
US59-1386758
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 162 Hobart Ave
- Year built
- 1980
- Construction
- BRICK
- Lot size
- 2.00 lot acres
- Property type
- Commercial real estate
- APN
- 12 01601-0000-00001
- APU
- 1201601000000001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 11, 2026 | $2,400,000 | Cv Racquets LLC | Racquets Club Of Short Hills | Bargain & Sale Deed · related | $1.8M |
| Jun 2, 2020 | — | The Racquets Club Of Short Hills Nj | — | Deed · related | $910k · Vast Bank NA |
| Sep 12, 2017 | — | Racquets Club Of Short Hills | — | Deed · related | $250k · Nicolas Volpicelli |
| Jun 2, 2014 | — | Racquets Club Of Short Hills Nj | — | Trustees Deed · related | $550k · Valley Nat'l Bk |
| — | — | Racquets Club Of Short Hills N | — | Deed Of Trust · related | $250k · Bank Of America |
| — | — | Racquets Club Of Short Hills Nj | — | Deed Of Trust · related | $50k · Valley Nat'l Bk |
| — | — | Racquets Club Of Short Hills Nj | — | Deed Of Trust · related | $910k · Valley Nat'l Bk |
| — | — | Racquets Club Of Short Hills | — | Deed Of Trust · related | $250k · Nicolas Volpicelli |
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,415,000
- 6.5%
- $2,230,000
- 7%
- $2,070,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,603,000
Market price range: $904k - $2.60M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $3,100,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $2,875,000 Change: -7% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Short Hills
- County
- Essex
- State
- New Jersey
- Longitude
- -74.3235
- Latitude
- 40.7263
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$69,471
$2,060,000
$1,491,700
$3,551,700
-
$2,060,000
$1,491,700
$3,551,700
