What is the assessed value of 507 Lathrop Ave, Boonton Town, NJ?

The total municipal assessment is $333,500 (land plus improvements).

What is 507 Lathrop Ave, Boonton Town, NJ worth?

Our model estimates a market value of $607,633, derived from comparable recorded sales nearby.

How many units does 507 Lathrop Ave, Boonton Town, NJ have?

Records show 1 dwelling unit at 507 Lathrop Ave, Boonton Town, NJ.

What kind of property is 507 Lathrop Ave, Boonton Town, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1915.

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507 Lathrop Ave, Boonton Town, NJ — owner, sales, deeds · parceldata

507 Lathrop Ave

Boonton Town, NJ·Morris County

1401·block 90·lot 73

$607,633estimated value

Last sale

3/19/2010 · taxrecords_nj

3 other properties share this owner's mailing address.View portfolio →

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1915

Building size

1,676 sq ft

Lot size

0.21 ac

Land description

50X150

Building description

2SF G2

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$333,500

Land value

$156,000

Improvement value

$177,500

Last year's tax

$11,272

Last MOD-IV sale

MOD-IV deed date

3/2/2010

Owner mailing address

11 ORCHARD WAY
BOONTON, NJ 07005

Estimated market value

$607,633

range $470,883 – $667,940

moderate confidence

Assessment-implied: $527,189; Director's Ratio 0.6326 (2025)
Comp-implied: $634,448; 30 comparable sales

Estimated value, last 11 years

2016: $330,024 → 2026: $607,633

Based on 30 comparable sales

Address	Sold	Price
222 Mechanic St

Bordering

200-ft notice list →

503 Lathrop Ave
Lot 72·$314,900
511 Lathrop Ave
Lot 74·$346,000
121 Banta Ln
Lot 76.01·$311,700
119 Banta Ln
Lot 76.02·$257,200
117 Banta Ln
Lot 76.03·$275,000
129 Banta Ln
Lot 77·$441,200

Block 90All of Block 90 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 3,
  "portfolioKeys": {
    "fullKeys": [
      "11 ORCHARD WAY BOONTON NJ 07005"
    ],
    "zipKeys": [
      "11 ORCHARD WAY 07005"
    ]
  },
  "effective_unit_count": 1,
  "effective_unit_count_source": "MOD-IV"
}

MOD-IV

{
  "pams_pin": "1401_90_73",
  "county_code": "14",
  "district_code": "01",
  "block": "90",
  "lot": "73",
  "qualifier": "",
  "property_location": "507 LATHROP AVE",
  "property_class": "2",
  "bldg_class": "18",
  "bldg_desc": "2SF G2",
  "land_desc": "50X150",
  "year_built": 1915,
  "living_sqft": 1676,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "15600000",
  "improvement_value_cents": "17750000",
  "net_value_cents": "33350000",
  "last_yr_tx_cents": "1127230",
  "deed_date": "2010-03-02",
  "deed_book": "21510",
  "deed_page": "544",
  "sale_price_cents": "0",
  "sales_code": null,
  "owner_mailing_street": "11 ORCHARD WAY",
  "owner_mailing_city_state_zip": "BOONTON, NJ  07005",
  "mun_name": "BOONTON TOWN",
  "calc_acre": "0.210100",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.3994265102446,
  "centroid_lat": 40.90266107254856
}

SR1A

[
  {
    "id": "46700eaa-49ea-4365-9428-50adf3d5a1e8",
    "property_id": "19d6e44a-be1b-4a41-9dbb-1ff2fc4d6748",
    "county_code": "14",
    "district_code": "01",
    "block": "90",
    "lot": "73",
    "qualifier": "",
    "deed_book": "21510",
    "deed_page": "544",
    "deed_date": "2010-03-02",
    "date_recorded": "2010-03-19",
    "sale_price_cents": "0",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "bfb2c8ca-0db6-45b9-9c6a-34d7c1fe2108",
    "property_id": "19d6e44a-be1b-4a41-9dbb-1ff2fc4d6748",
    "county_code": "14",
    "district_code": "01",
    "block": "90",
    "lot": "73",
    "qualifier": "",
    "deed_book": "21510",
    "deed_page": "544",
    "deed_date": "2010-03-02",
    "date_recorded": "2010-03-02",
    "sale_price_cents": "0",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "f86ecf51-ebe5-4364-9e04-334917cc54f6",
    "property_id": "19d6e44a-be1b-4a41-9dbb-1ff2fc4d6748",
    "county_code": "14",
    "district_code": "01",
    "block": "90",
    "lot": "73",
    "qualifier": "",
    "deed_book": "5799",
    "deed_page": "240",
    "deed_date": "2003-02-26",
    "date_recorded": "2003-03-05",
    "sale_price_cents": "0",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "027bd35e-70fe-4a05-9053-0304e77080fa",
    "property_id": "19d6e44a-be1b-4a41-9dbb-1ff2fc4d6748",
    "county_code": "14",
    "district_code": "01",
    "block": "90",
    "lot": "73",
    "qualifier": "",
    "deed_book": "5799",
    "deed_page": "240",
    "deed_date": "2003-02-26",
    "date_recorded": "2003-02-26",
    "sale_price_cents": "0",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

What is the assessed value of 507 Lathrop Ave, Boonton Town, NJ?: The total municipal assessment is $333,500 (land plus improvements).
What is 507 Lathrop Ave, Boonton Town, NJ worth?: Our model estimates a market value of $607,633, derived from comparable recorded sales nearby.
How many units does 507 Lathrop Ave, Boonton Town, NJ have?: Records show 1 dwelling unit at 507 Lathrop Ave, Boonton Town, NJ.
What kind of property is 507 Lathrop Ave, Boonton Town, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1915.

Sales history

3/19/2010$0
taxrecords_njBk 21510 / Pg 544
3/2/2010$0
MOD-IV (Rutgers)Bk 21510 / Pg 544
3/5/2003$0
taxrecords_njBk 5799 / Pg 240
2/26/2003$0
MOD-IV (Rutgers)Bk 5799 / Pg 240

Date	Price	Book / Page	Source
3/19/2010	$0	21510 / 544	taxrecords_nj
3/2/2010	$0	21510 / 544	MOD-IV (Rutgers)
3/5/2003	$0	5799 / 240	taxrecords_nj
2/26/2003	$0	5799 / 240	MOD-IV (Rutgers)