When was 201 Terrace Lake Dr, Butler Boro, NJ last sold?

The most recent recorded sale was in 2020 for $310,000.

What is the assessed value of 201 Terrace Lake Dr, Butler Boro, NJ?

The total municipal assessment is $372,100 (land plus improvements).

What is 201 Terrace Lake Dr, Butler Boro, NJ worth?

Our model estimates a market value of $484,916, derived from comparable recorded sales nearby.

How many units does 201 Terrace Lake Dr, Butler Boro, NJ have?

Records show 1 dwelling unit at 201 Terrace Lake Dr, Butler Boro, NJ.

What kind of property is 201 Terrace Lake Dr, Butler Boro, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 2001.

parceldata.nj

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201 Terrace Lake Dr, Butler Boro, NJ — owner, sales, deeds · parceldata

201 Terrace Lake Dr

Butler Boro, NJ 07405·Morris County

1403·block 101.01·lot 1

$484,916estimated value

Last sale

$310,000

3/5/2020 · taxrecords_nj

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

2001

Building size

1,691 sq ft

Lot size

0.12 ac

Land description

0.1192 AC

Building description

2S-AL-O-1U

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$372,100

Land value

$200,000

Improvement value

$172,100

Last year's tax

$8,570

Last MOD-IV sale

$310,000

MOD-IV deed date

2/25/2020

Owner mailing address

201 TERRACE LAKE DR
BUTLER, NJ 07405

Estimated market value

$484,916

range $438,327 – $545,687

moderate confidence

Assessment-implied: $427,701; Director's Ratio 0.8700 (2025)
Comp-implied: $510,775; 30 comparable sales

Estimated value, last 11 years

2016: $273,706 → 2026: $484,916

dots are actual sale prices for this property

Bordering

200-ft notice list →

203 Terrace Lake Dr
Lot 2·$365,800
205 Terrace Lake Dr
Lot 3·$434,500
Terrace Ave
Lot 5

Block 101.01All of Block 101.01 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 0,
  "portfolioKeys": {
    "fullKeys": [
      "201 TER LAKE DR BUTLER NJ 07405"
    ],
    "zipKeys": [
      "201 TER LAKE DR 07405"
    ]
  },
  "effective_unit_count": 1,
  "effective_unit_count_source": "MOD-IV"
}

MOD-IV

{
  "pams_pin": "1403_101.01_1",
  "county_code": "14",
  "district_code": "03",
  "block": "101.01",
  "lot": "1",
  "qualifier": "",
  "property_location": "201 TERRACE LAKE DR",
  "property_class": "2",
  "bldg_class": "37",
  "bldg_desc": "2S-AL-O-1U",
  "land_desc": "0.1192 AC",
  "year_built": 2001,
  "living_sqft": 1691,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "20000000",
  "improvement_value_cents": "17210000",
  "net_value_cents": "37210000",
  "last_yr_tx_cents": "856970",
  "deed_date": "2020-02-25",
  "deed_book": "23727",
  "deed_page": "123",
  "sale_price_cents": "31000000",
  "sales_code": null,
  "owner_mailing_street": "201 TERRACE LAKE DR",
  "owner_mailing_city_state_zip": "BUTLER, NJ  07405",
  "mun_name": "BUTLER BORO",
  "calc_acre": "0.119000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.36117507325088,
  "centroid_lat": 41.01034936292434
}

SR1A

[
  {
    "id": "c3ba5a21-2bbe-4989-9d8e-f4ce8474327d",
    "property_id": "26545cb4-4598-46ef-92f1-a7e43eeba373",
    "county_code": "14",
    "district_code": "03",
    "block": "101.01",
    "lot": "1",
    "qualifier": "",
    "deed_book": "23727",
    "deed_page": "123",
    "deed_date": "2020-02-25",
    "date_recorded": "2020-03-05",
    "sale_price_cents": "31000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "d016d00b-b821-44d4-82d8-e87fa7b70e82",
    "property_id": "26545cb4-4598-46ef-92f1-a7e43eeba373",
    "county_code": "14",
    "district_code": "03",
    "block": "101.01",
    "lot": "1",
    "qualifier": "",
    "deed_book": "23727",
    "deed_page": "123",
    "deed_date": "2020-02-25",
    "date_recorded": "2020-02-25",
    "sale_price_cents": "31000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "9add6a6c-5bbb-409b-a505-62afd13eb624",
    "property_id": "26545cb4-4598-46ef-92f1-a7e43eeba373",
    "county_code": "14",
    "district_code": "03",
    "block": "101.01",
    "lot": "1",
    "qualifier": "",
    "deed_book": "22774",
    "deed_page": "1362",
    "deed_date": "2015-06-29",
    "date_recorded": "2015-09-01",
    "sale_price_cents": "31200000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "7132aaa6-453d-47cc-86d7-44c6d71d353c",
    "property_id": "26545cb4-4598-46ef-92f1-a7e43eeba373",
    "county_code": "14",
    "district_code": "03",
    "block": "101.01",
    "lot": "1",
    "qualifier": "",
    "deed_book": "22774",
    "deed_page": "1362",
    "deed_date": "2015-06-29",
    "date_recorded": "2015-06-29",
    "sale_price_cents": "31200000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "d061ca33-acc5-4520-8743-d186b4e69d1e",
    "property_id": "26545cb4-4598-46ef-92f1-a7e43eeba373",
    "county_code": "14",
    "district_code": "03",
    "block": "101.01",
    "lot": "1",
    "qualifier": "",
    "deed_book": "21311",
    "deed_page": "1349",
    "deed_date": "2009-05-28",
    "date_recorded": "2009-06-05",
    "sale_price_cents": "32000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "0801356f-3337-444d-b6f1-2778ad4efd61",
    "property_id": "26545cb4-4598-46ef-92f1-a7e43eeba373",
    "county_code": "14",
    "district_code": "03",
    "block": "101.01",
    "lot": "1",
    "qualifier": "",
    "deed_book": "21311",
    "deed_page": "1349",
    "deed_date": "2009-05-28",
    "date_recorded": "2009-05-28",
    "sale_price_cents": "32000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "7e942fe7-68ca-4f7a-a01b-0414429f940e",
    "property_id": "26545cb4-4598-46ef-92f1-a7e43eeba373",
    "county_code": "14",
    "district_code": "03",
    "block": "101.01",
    "lot": "1",
    "qualifier": "",
    "deed_book": "5716",
    "deed_page": "63",
    "deed_date": "2002-10-02",
    "date_recorded": "2002-10-07",
    "sale_price_cents": "24793100",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "6bb8c0fb-231a-43ed-99a7-460a4ca94c66",
    "property_id": "26545cb4-4598-46ef-92f1-a7e43eeba373",
    "county_code": "14",
    "district_code": "03",
    "block": "101.01",
    "lot": "1",
    "qualifier": "",
    "deed_book": "5716",
    "deed_page": "63",
    "deed_date": "2002-10-02",
    "date_recorded": "2002-10-02",
    "sale_price_cents": "24793100",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 201 Terrace Lake Dr, Butler Boro, NJ last sold?: The most recent recorded sale was in 2020 for $310,000.
What is the assessed value of 201 Terrace Lake Dr, Butler Boro, NJ?: The total municipal assessment is $372,100 (land plus improvements).
What is 201 Terrace Lake Dr, Butler Boro, NJ worth?: Our model estimates a market value of $484,916, derived from comparable recorded sales nearby.
How many units does 201 Terrace Lake Dr, Butler Boro, NJ have?: Records show 1 dwelling unit at 201 Terrace Lake Dr, Butler Boro, NJ.
What kind of property is 201 Terrace Lake Dr, Butler Boro, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 2001.

Based on 30 comparable sales

Address	Sold	Price
239 Terrace Lake Dr	4/21/2026	$580,000
158 Barrister Dr	2/11/2026	$441,000
104 Barrister Dr	2/3/2026	$400,000
402 Cambridge Dr	1/29/2026	$395,000
110 Barrister Dr	1/7/2026	$428,000
265 Winthrop Dr	12/30/2025	$454,500
474 Cambridge Dr	12/3/2025	$417,500
378 Cambridge Dr	10/7/2025	$414,900
372 Cambridge Dr	9/26/2025	$429,000
334 Cambridge Dr	9/19/2025	$420,000
349 Cambridge Dr	9/16/2025	$485,000
434 Cambridge Dr	9/12/2025	$440,000
273 Winthrop Dr	8/8/2025	$440,000
121 Barrister Dr	7/2/2025	$390,000
218 Terrace Lake Dr	5/23/2025	$545,000
478 Cambridge Dr	5/14/2025	$470,000
218 Terrace Lake Dr	2/10/2025	$387,000
404 Cambridge Dr	1/23/2025	$470,000
144 Barrister Dr	1/6/2025	$395,000
140 Barrister Dr	11/20/2024	$425,000
420 Cambridge Dr	11/18/2024	$421,000
137 Barrister Dr	10/22/2024	$410,000
136 Barrister Dr	10/9/2024	$380,000
490 Cambridge Dr	10/1/2024	$430,000
125 Barrister Dr	8/13/2024	$358,000
314 Cambridge Dr	8/7/2024	$406,250
59 Hamburg Tpke	3/11/2024	$357,000
257 Winthrop Dr	12/13/2023	$380,000
234 Terrace Lake Dr	12/7/2023	$450,000
263 Winthrop Dr	10/12/2023	$360,000

Sales history

3/5/2020$310,000
taxrecords_njBk 23727 / Pg 123
2/25/2020$310,000
MOD-IV (Rutgers)Bk 23727 / Pg 123
9/1/2015$312,000
taxrecords_njBk 22774 / Pg 1362
6/29/2015$312,000
MOD-IV (Rutgers)Bk 22774 / Pg 1362
6/5/2009$320,000
taxrecords_njBk 21311 / Pg 1349
5/28/2009$320,000
MOD-IV (Rutgers)Bk 21311 / Pg 1349
10/7/2002$247,931
taxrecords_njBk 5716 / Pg 63
10/2/2002$247,931
MOD-IV (Rutgers)Bk 5716 / Pg 63

Date	Price	Book / Page	Source
3/5/2020	$310,000	23727 / 123	taxrecords_nj
2/25/2020	$310,000	23727 / 123	MOD-IV (Rutgers)
9/1/2015	$312,000	22774 / 1362	taxrecords_nj
6/29/2015	$312,000	22774 / 1362	MOD-IV (Rutgers)
6/5/2009	$320,000	21311 / 1349	taxrecords_nj
5/28/2009	$320,000	21311 / 1349	MOD-IV (Rutgers)
10/7/2002	$247,931	5716 / 63	taxrecords_nj
10/2/2002	$247,931	5716 / 63	MOD-IV (Rutgers)