Off-Market Property at 346 Hobart Ave, Short Hills, NJ, 07078
Luna Mascot
Luna - Real Estate AI Assistant

Get insights, projections, and answers instantly!

POWERED BY

346 Hobart Ave, Short Hills, NJ, 07078

$3,795,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $565 per day, based on similar listings in the area. Estimated short-term cap rate of -3.4%. Exquisite new construction by award-winning architect Thomas Baio and renowned interior designer Karen Wolf of K+Co Living, this Short Hills residence is a masterpiece. The luminous entrance foyer, adorned with beautiful trim details, sets the stage for a suburban retreat. Expansive fl plan reveals a superior Custom Kitchen with expansive, 2 tier island, gorgeous walk-in pantry, wet bar, 2 dishwashers, 2 sinks, and premium Sub Zero & Wolf appliances. Custom millwork, tile details, and white oak flooring add a touch of sophistication throughout. First floor accommodates a formal dining rm, living rm, office, and convenient in-law suite. Kitchen seamlessly connects to a luxurious breakfast and sitting area, extending into family rm. Second fl boasts five generous br, including a remarkable PRIMARY SUITE with custom vanity, fireplace, and walk-in-closets. Additional highlights include a loft area and a conveniently located laundry rm. The basement is an entertainment haven, offering an enormous recreation rm and a br with a full bath. Enjoy outdoor living on the elevated patio overlooking a charming yard with extensive privacy landscaping. This home is within the coveted Millburn school district, near top-ranked Glenwood Elementary, a thriving downtown, and offers an easy NYC commute with steps to the train station. Access to major highways and EWR Airport in under 20 minutes makes this property an unparalleled opportunity. Just completed and ready for you to move right in!

Property Information
Airbnb Avg Daily
See Full Details
Occupancy Rate
See Full Details
Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$20704
Bedrooms
7
Bathrooms
7
SQFT
7,928
Furnished
unknown
Year built
2024
Listing Status
Off Market
MLS
3890338

Short-term Rental Potential
arrow_drop_up

$133,080

Revenue
Expenses
See Full Details
Profit
See Full Details
Cap rate
See Full Details
Cash on Cash
See Full Details
arrow_drop_up

$478

Price/SQFT