When was 233 Terrace Lake Dr, Butler Boro, NJ last sold?

The most recent recorded sale was in 2022 for $400,000.

What is the assessed value of 233 Terrace Lake Dr, Butler Boro, NJ?

The total municipal assessment is $363,700 (land plus improvements).

What is 233 Terrace Lake Dr, Butler Boro, NJ worth?

Our model estimates a market value of $482,720, derived from comparable recorded sales nearby.

How many units does 233 Terrace Lake Dr, Butler Boro, NJ have?

Records show 1 dwelling unit at 233 Terrace Lake Dr, Butler Boro, NJ.

What kind of property is 233 Terrace Lake Dr, Butler Boro, NJ?

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

parceldata.nj

Loading…

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

233 Terrace Lake Dr

Butler Boro, NJ 07405·Morris County

1403·block 101.02·lot 10

$482,720estimated value

Last sale

$400,000

12/21/2022 · taxrecords_nj

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

2001

Building size

1,415 sq ft

Lot size

0.12 ac

Land description

0.1192 AC

Building description

3S-AL-O-1U

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$363,700

Land value

$200,000

Improvement value

$163,700

Last year's tax

$8,377

Last MOD-IV sale

$400,000

MOD-IV deed date

12/15/2022

Owner mailing address

233 TERRACE LAKE DR
BUTLER, NJ 07405

Estimated market value

$482,720

range $436,900 – $534,251

high confidence

Assessment-implied: $418,046; Director's Ratio 0.8700 (2025)
Comp-implied: $442,888; 30 comparable sales

Estimated value, last 11 years

2016: $272,467 → 2026: $482,720

dots are actual sale prices for this property

Based on 30 comparable sales

Bordering

200-ft notice list →

Terrace Ave
Lot 5
229 Terrace Lake Dr
Lot 8·$422,400
231 Terrace Lake Dr
Lot 9·$366,700

Block 101.02All of Block 101.02 →

Debug — raw data per source

Computed

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

MOD-IV

{
  "pams_pin": "1403_101.02_10",
  "county_code": "14",
  "district_code": "03",
  "block": "101.02",
  "lot": "10",
  "qualifier": "",
  "property_location": "233 TERRACE LAKE DR",
  "property_class": "2",
  "bldg_class": "37",
  "bldg_desc": "3S-AL-O-1U",
  "land_desc": "0.1192 AC",
  "year_built": 2001,
  "living_sqft": 1415,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "20000000",
  "improvement_value_cents": "16370000",
  "net_value_cents": "36370000",
  "last_yr_tx_cents": "837744",
  "deed_date": "2022-12-15",
  "deed_book": "24545",
  "deed_page": "1133",
  "sale_price_cents": "40000000",
  "sales_code": null,
  "owner_mailing_street": "233 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": -74.36005260847168,
  "centroid_lat": 41.010246379248414
}

SR1A

[
  {
    "id": "91321807-5fa9-4690-8011-3fef04874157",
    "property_id": "efb3d65c-18b6-4c1c-889a-b176bdb24a4d",
    "county_code": "14",
    "district_code": "03",
    "block": "101.02",
    "lot": "10",
    "qualifier": "",
    "deed_book": "24545",
    "deed_page": "1133",
    "deed_date": "2022-12-15",
    "date_recorded": "2022-12-21",
    "sale_price_cents": "40000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "07c4f01a-e745-40b6-ab24-2996580d27cd",
    "property_id": "efb3d65c-18b6-4c1c-889a-b176bdb24a4d",
    "county_code": "14",
    "district_code": "03",
    "block": "101.02",
    "lot": "10",
    "qualifier": "",
    "deed_book": "24545",
    "deed_page": "1133",
    "deed_date": "2022-12-15",
    "date_recorded": "2022-12-15",
    "sale_price_cents": "40000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "f567c331-9b2f-4889-83bf-5ce794ce7e74",
    "property_id": "efb3d65c-18b6-4c1c-889a-b176bdb24a4d",
    "county_code": "14",
    "district_code": "03",
    "block": "101.02",
    "lot": "10",
    "qualifier": "",
    "deed_book": "22207",
    "deed_page": "524",
    "deed_date": "2012-11-27",
    "date_recorded": "2012-12-17",
    "sale_price_cents": "26200000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "33e5a1ee-8b56-4b69-b514-890b5b0da28a",
    "property_id": "efb3d65c-18b6-4c1c-889a-b176bdb24a4d",
    "county_code": "14",
    "district_code": "03",
    "block": "101.02",
    "lot": "10",
    "qualifier": "",
    "deed_book": "22207",
    "deed_page": "524",
    "deed_date": "2012-11-27",
    "date_recorded": "2012-11-27",
    "sale_price_cents": "26200000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "6dd56e6f-09c3-4576-871c-70fe54839219",
    "property_id": "efb3d65c-18b6-4c1c-889a-b176bdb24a4d",
    "county_code": "14",
    "district_code": "03",
    "block": "101.02",
    "lot": "10",
    "qualifier": "",
    "deed_book": "5674",
    "deed_page": "202",
    "deed_date": "2002-07-30",
    "date_recorded": "2002-08-07",
    "sale_price_cents": "20958100",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "01aa14d7-b9cd-40ed-b0c0-469506414716",
    "property_id": "efb3d65c-18b6-4c1c-889a-b176bdb24a4d",
    "county_code": "14",
    "district_code": "03",
    "block": "101.02",
    "lot": "10",
    "qualifier": "",
    "deed_book": "5674",
    "deed_page": "202",
    "deed_date": "2002-07-30",
    "date_recorded": "2002-07-30",
    "sale_price_cents": "20958100",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 233 Terrace Lake Dr, Butler Boro, NJ last sold?: The most recent recorded sale was in 2022 for $400,000.
What is the assessed value of 233 Terrace Lake Dr, Butler Boro, NJ?: The total municipal assessment is $363,700 (land plus improvements).
What is 233 Terrace Lake Dr, Butler Boro, NJ worth?: Our model estimates a market value of $482,720, derived from comparable recorded sales nearby.
How many units does 233 Terrace Lake Dr, Butler Boro, NJ have?: Records show 1 dwelling unit at 233 Terrace Lake Dr, Butler Boro, NJ.
What kind of property is 233 Terrace Lake Dr, Butler Boro, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 2001.

Address	Sold	Price
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
11 Hillside Ave	9/24/2025	$499,800
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
49 Hamburg Tpke	8/4/2025	$410,000
121 Barrister Dr	7/2/2025	$390,000
478 Cambridge Dr	5/14/2025	$470,000
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
263 Winthrop Dr	10/12/2023	$360,000
414 Cambridge Dr	10/3/2023	$379,900
110 Barrister Dr	9/25/2023	$379,900

Sales history

12/21/2022$400,000
taxrecords_njBk 24545 / Pg 1133
12/15/2022$400,000
MOD-IV (Rutgers)Bk 24545 / Pg 1133
12/17/2012$262,000
taxrecords_njBk 22207 / Pg 524
11/27/2012$262,000
MOD-IV (Rutgers)Bk 22207 / Pg 524
8/7/2002$209,581
taxrecords_njBk 5674 / Pg 202
7/30/2002$209,581
MOD-IV (Rutgers)Bk 5674 / Pg 202

Date	Price	Book / Page	Source
12/21/2022	$400,000	24545 / 1133	taxrecords_nj
12/15/2022	$400,000	24545 / 1133	MOD-IV (Rutgers)
12/17/2012	$262,000	22207 / 524	taxrecords_nj
11/27/2012	$262,000	22207 / 524	MOD-IV (Rutgers)
8/7/2002	$209,581	5674 / 202	taxrecords_nj
7/30/2002	$209,581	5674 / 202	MOD-IV (Rutgers)