When was 235 Terrace Lake Dr, Butler Boro, NJ last sold?

The most recent recorded sale was in 2019 for $305,000.

What is the assessed value of 235 Terrace Lake Dr, Butler Boro, NJ?

The total municipal assessment is $365,000 (land plus improvements).

What is 235 Terrace Lake Dr, Butler Boro, NJ worth?

Our model estimates a market value of $487,084, derived from comparable recorded sales nearby.

How many units does 235 Terrace Lake Dr, Butler Boro, NJ have?

Records show 1 dwelling unit at 235 Terrace Lake Dr, Butler Boro, NJ.

What kind of property is 235 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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235 Terrace Lake Dr, Butler Boro, NJ — owner, sales, deeds · parceldata

235 Terrace Lake Dr

Butler Boro, NJ 07405·Morris County

1403·block 101.03·lot 1

$487,084estimated value

Last sale

$305,000

12/26/2019 · 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

$365,000

Land value

$200,000

Improvement value

$165,000

Last year's tax

$8,407

Last MOD-IV sale

$305,000

MOD-IV deed date

11/29/2019

Owner mailing address

235 TERRACE LAKE DR
BUTLER, NJ 07405

Estimated market value

$487,084

range $441,235 – $548,026

moderate confidence

Assessment-implied: $419,540; Director's Ratio 0.8700 (2025)
Comp-implied: $510,775; 30 comparable sales

Estimated value, last 11 years

2016: $274,930 → 2026: $487,084

dots are actual sale prices for this property

Bordering

200-ft notice list →

237 Terrace Lake Dr
Lot 2·$358,800
239 Terrace Lake Dr
Lot 3·$422,400
Terrace Ave
Lot 5

Block 101.03All of Block 101.03 →

Debug — raw data per source

Computed

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

MOD-IV

{
  "pams_pin": "1403_101.03_1",
  "county_code": "14",
  "district_code": "03",
  "block": "101.03",
  "lot": "1",
  "qualifier": "",
  "property_location": "235 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": "16500000",
  "net_value_cents": "36500000",
  "last_yr_tx_cents": "840740",
  "deed_date": "2019-11-29",
  "deed_book": "23681",
  "deed_page": "1111",
  "sale_price_cents": "30500000",
  "sales_code": null,
  "owner_mailing_street": "235 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": -74.35983279159629,
  "centroid_lat": 41.01033591232673
}

SR1A

[
  {
    "id": "80aebb0a-b916-42f1-98f7-40a2958bce88",
    "property_id": "14883e8c-5629-4350-a722-e4a4d1952313",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "1",
    "qualifier": "",
    "deed_book": "23681",
    "deed_page": "1111",
    "deed_date": "2019-11-29",
    "date_recorded": "2019-12-26",
    "sale_price_cents": "30500000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "c164c8b9-a456-4cbb-9b29-fc4fcfa44c83",
    "property_id": "14883e8c-5629-4350-a722-e4a4d1952313",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "1",
    "qualifier": "",
    "deed_book": "23681",
    "deed_page": "1111",
    "deed_date": "2019-11-29",
    "date_recorded": "2019-11-29",
    "sale_price_cents": "30500000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "fd8e629d-22e4-4ee8-8423-f637f1d2191b",
    "property_id": "14883e8c-5629-4350-a722-e4a4d1952313",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "1",
    "qualifier": "",
    "deed_book": "22882",
    "deed_page": "1155",
    "deed_date": "2016-03-21",
    "date_recorded": "2016-04-01",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "14f51276-62ea-40a2-9a34-45f30c75785b",
    "property_id": "14883e8c-5629-4350-a722-e4a4d1952313",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "1",
    "qualifier": "",
    "deed_book": "22882",
    "deed_page": "1155",
    "deed_date": "2016-03-21",
    "date_recorded": "2016-03-21",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "791347bf-a6bc-44c7-a594-aa6091e4abd1",
    "property_id": "14883e8c-5629-4350-a722-e4a4d1952313",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "1",
    "qualifier": "",
    "deed_book": "21548",
    "deed_page": "843",
    "deed_date": "2010-05-20",
    "date_recorded": "2010-05-25",
    "sale_price_cents": "32000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "82dc2070-85f5-49a7-a9ad-b78179724a16",
    "property_id": "14883e8c-5629-4350-a722-e4a4d1952313",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "1",
    "qualifier": "",
    "deed_book": "21548",
    "deed_page": "843",
    "deed_date": "2010-05-20",
    "date_recorded": "2010-05-20",
    "sale_price_cents": "32000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "3edaa41c-f0cd-4f7a-abb1-4069bfbdd97a",
    "property_id": "14883e8c-5629-4350-a722-e4a4d1952313",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "1",
    "qualifier": "",
    "deed_book": "5696",
    "deed_page": "24",
    "deed_date": "2002-08-29",
    "date_recorded": "2002-09-09",
    "sale_price_cents": "24092200",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "960b26bd-9198-46cb-91af-da33a042ca31",
    "property_id": "14883e8c-5629-4350-a722-e4a4d1952313",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "1",
    "qualifier": "",
    "deed_book": "5696",
    "deed_page": "24",
    "deed_date": "2002-08-29",
    "date_recorded": "2002-08-29",
    "sale_price_cents": "24092200",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 235 Terrace Lake Dr, Butler Boro, NJ last sold?: The most recent recorded sale was in 2019 for $305,000.
What is the assessed value of 235 Terrace Lake Dr, Butler Boro, NJ?: The total municipal assessment is $365,000 (land plus improvements).
What is 235 Terrace Lake Dr, Butler Boro, NJ worth?: Our model estimates a market value of $487,084, derived from comparable recorded sales nearby.
How many units does 235 Terrace Lake Dr, Butler Boro, NJ have?: Records show 1 dwelling unit at 235 Terrace Lake Dr, Butler Boro, NJ.
What kind of property is 235 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

12/26/2019$305,000
taxrecords_njBk 23681 / Pg 1111
11/29/2019$305,000
MOD-IV (Rutgers)Bk 23681 / Pg 1111
4/1/2016$1
taxrecords_njBk 22882 / Pg 1155
3/21/2016$1
MOD-IV (Rutgers)Bk 22882 / Pg 1155
5/25/2010$320,000
taxrecords_njBk 21548 / Pg 843
5/20/2010$320,000
MOD-IV (Rutgers)Bk 21548 / Pg 843
9/9/2002$240,922
taxrecords_njBk 5696 / Pg 24
8/29/2002$240,922
MOD-IV (Rutgers)Bk 5696 / Pg 24

Date	Price	Book / Page	Source
12/26/2019	$305,000	23681 / 1111	taxrecords_nj
11/29/2019	$305,000	23681 / 1111	MOD-IV (Rutgers)
4/1/2016	$1	22882 / 1155	taxrecords_nj
3/21/2016	$1	22882 / 1155	MOD-IV (Rutgers)
5/25/2010	$320,000	21548 / 843	taxrecords_nj
5/20/2010	$320,000	21548 / 843	MOD-IV (Rutgers)
9/9/2002	$240,922	5696 / 24	taxrecords_nj
8/29/2002	$240,922	5696 / 24	MOD-IV (Rutgers)