Off-Market Property at 62 Great Hills Rd, Short Hills, NJ, 07078
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62 Great Hills Rd, Short Hills, NJ, 07078

$1,975,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $659 per day, based on similar listings in the area. Estimated short-term cap rate of -1.6%. Classic & stately Center Hall Colonial w/circular drive, nestled on a park-like, fenced property overlooking a tranquil pond w/lighted fountain. Located steps from Far Brook School, this 5BR, 4.1 bath home features a grand entry foyer w/travertine marble tile & 2 closets, offering a wonderful flow for entertaining & easy living on 3 levels w/many updates. The eat-in kitchen opens to a family room w/fireplace, a 1st-floor powder room & a 1st-floor office, all open to a large deck w/steps leading to an arboretum-like setting. A 1st-floor BR w/ensuite bath is perfect for guests or in-law staycations. The lower patio, w/curved brick wall & firepit, is ideal for roasting marshmallows & outdoor movie gatherings. Surrounded by tall trees & flower beds, it's the perfect spot for a lazy afternoon in a hammock, a barbecue, or a large outdoor party w/hanging lights adding to the ambiance. Many rooms & exterior are freshly painted, gleaming hardwood floors in most rooms, 2 new zones of central air + Lennox thermostats. Upstairs, are 4 spacious BRs & 2 newer baths. The primary BR boasts an 11' deep walk-in closet & a luxurious bath w/double sinks, an oversized shower & jetted tub. The lower level features the quintessential "Man Cave" w/huge recreation room, billiards, office, storage & full bath. The driveway is great for playing hoops w/basketball court painted lines. Combining elegance w/modern amenities, this home is perfect for both entertaining & easy living. Your search ends here!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$26173
Bedrooms
5
Bathrooms
5
SQFT
4,470
Furnished
unknown
Year built
1978
Listing Status
Off Market
MLS
3905717

Short-term Rental Potential
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$120,468

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$441

Price/SQFT