When was 241 Terrace Lake Dr, Butler Boro, NJ last sold?

The most recent recorded sale was in 2010 for $355,000.

What is the assessed value of 241 Terrace Lake Dr, Butler Boro, NJ?

The total municipal assessment is $434,500 (land plus improvements).

What is 241 Terrace Lake Dr, Butler Boro, NJ worth?

Our model estimates a market value of $549,274, derived from comparable recorded sales nearby.

How many units does 241 Terrace Lake Dr, Butler Boro, NJ have?

Records show 1 dwelling unit at 241 Terrace Lake Dr, Butler Boro, NJ.

What kind of property is 241 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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241 Terrace Lake Dr, Butler Boro, NJ — owner, sales, deeds · parceldata

241 Terrace Lake Dr

Butler Boro, NJ 07405·Morris County

1403·block 101.03·lot 4

$549,274estimated value

Last sale

$355,000

11/5/2010 · taxrecords_nj

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

2001

Building size

1,944 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

$434,500

Land value

$200,000

Improvement value

$234,500

Last year's tax

$10,028

Last MOD-IV sale

$355,000

MOD-IV deed date

10/27/2010

Owner mailing address

241 TERRACE LAKE DR
BUTLER, NJ 07405

Estimated market value

$549,274

range $485,390 – $578,585

high confidence

Assessment-implied: $499,425; Director's Ratio 0.8700 (2025)
Comp-implied: $565,890; 14 comparable sales

Estimated value, last 11 years

2016: $310,032 → 2026: $549,274

Based on 14 comparable sales

Bordering

200-ft notice list →

239 Terrace Lake Dr
Lot 3·$422,400
243 Terrace Lake Dr
Lot 5·$425,300
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": [
      "241 TER LAKE DR BUTLER NJ 07405"
    ],
    "zipKeys": [
      "241 TER LAKE DR 07405"
    ]
  },
  "effective_unit_count": 1,
  "effective_unit_count_source": "MOD-IV"
}

MOD-IV

{
  "pams_pin": "1403_101.03_4",
  "county_code": "14",
  "district_code": "03",
  "block": "101.03",
  "lot": "4",
  "qualifier": "",
  "property_location": "241 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": 1944,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "20000000",
  "improvement_value_cents": "23450000",
  "net_value_cents": "43450000",
  "last_yr_tx_cents": "1002795",
  "deed_date": "2010-10-27",
  "deed_book": "21659",
  "deed_page": "1856",
  "sale_price_cents": "35500000",
  "sales_code": null,
  "owner_mailing_street": "241 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": -74.35979337635867,
  "centroid_lat": 41.010440701812065
}

SR1A

[
  {
    "id": "ae816009-ce54-48a9-839b-e519a9f3bce2",
    "property_id": "7083e3e6-dcf2-41e4-916c-d52122643bbe",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "4",
    "qualifier": "",
    "deed_book": "21659",
    "deed_page": "1856",
    "deed_date": "2010-10-27",
    "date_recorded": "2010-11-05",
    "sale_price_cents": "35500000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "990d47db-8e21-4296-ab3d-43ac9a8c6109",
    "property_id": "7083e3e6-dcf2-41e4-916c-d52122643bbe",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "4",
    "qualifier": "",
    "deed_book": "21659",
    "deed_page": "1856",
    "deed_date": "2010-10-27",
    "date_recorded": "2010-10-27",
    "sale_price_cents": "35500000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "60d9e443-76cd-46c7-a6c3-934e7bfebff4",
    "property_id": "7083e3e6-dcf2-41e4-916c-d52122643bbe",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "4",
    "qualifier": "",
    "deed_book": "6396",
    "deed_page": "264",
    "deed_date": "2005-07-29",
    "date_recorded": "2005-08-08",
    "sale_price_cents": "44000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "ffb9eb19-f361-401c-88b7-8c284d68558f",
    "property_id": "7083e3e6-dcf2-41e4-916c-d52122643bbe",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "4",
    "qualifier": "",
    "deed_book": "6396",
    "deed_page": "264",
    "deed_date": "2005-07-29",
    "date_recorded": "2005-07-29",
    "sale_price_cents": "44000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "153131f9-40f0-4997-8285-555e59f588f3",
    "property_id": "7083e3e6-dcf2-41e4-916c-d52122643bbe",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "4",
    "qualifier": "",
    "deed_book": "5713",
    "deed_page": "255",
    "deed_date": "2002-09-06",
    "date_recorded": "2002-10-03",
    "sale_price_cents": "28093500",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "0ee34d2e-b4b5-4160-bdac-9e88ed342d88",
    "property_id": "7083e3e6-dcf2-41e4-916c-d52122643bbe",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "4",
    "qualifier": "",
    "deed_book": "5713",
    "deed_page": "255",
    "deed_date": "2002-09-06",
    "date_recorded": "2002-09-06",
    "sale_price_cents": "28093500",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 241 Terrace Lake Dr, Butler Boro, NJ last sold?: The most recent recorded sale was in 2010 for $355,000.
What is the assessed value of 241 Terrace Lake Dr, Butler Boro, NJ?: The total municipal assessment is $434,500 (land plus improvements).
What is 241 Terrace Lake Dr, Butler Boro, NJ worth?: Our model estimates a market value of $549,274, derived from comparable recorded sales nearby.
How many units does 241 Terrace Lake Dr, Butler Boro, NJ have?: Records show 1 dwelling unit at 241 Terrace Lake Dr, Butler Boro, NJ.
What kind of property is 241 Terrace Lake Dr, Butler Boro, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 2001.

Address	Sold	Price
239 Terrace Lake Dr	4/21/2026	$580,000
158 Barrister Dr	2/11/2026	$441,000
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
218 Terrace Lake Dr	5/23/2025	$545,000
218 Terrace Lake Dr	2/10/2025	$387,000
140 Barrister Dr	11/20/2024	$425,000
137 Barrister Dr	10/22/2024	$410,000
490 Cambridge Dr	10/1/2024	$430,000
314 Cambridge Dr	8/7/2024	$406,250
234 Terrace Lake Dr	12/7/2023	$450,000
110 Barrister Dr	9/25/2023	$379,900

Sales history

11/5/2010$355,000
taxrecords_njBk 21659 / Pg 1856
10/27/2010$355,000
MOD-IV (Rutgers)Bk 21659 / Pg 1856
8/8/2005$440,000
taxrecords_njBk 6396 / Pg 264
7/29/2005$440,000
MOD-IV (Rutgers)Bk 6396 / Pg 264
10/3/2002$280,935
taxrecords_njBk 5713 / Pg 255
9/6/2002$280,935
MOD-IV (Rutgers)Bk 5713 / Pg 255

Date	Price	Book / Page	Source
11/5/2010	$355,000	21659 / 1856	taxrecords_nj
10/27/2010	$355,000	21659 / 1856	MOD-IV (Rutgers)
8/8/2005	$440,000	6396 / 264	taxrecords_nj
7/29/2005	$440,000	6396 / 264	MOD-IV (Rutgers)
10/3/2002	$280,935	5713 / 255	taxrecords_nj
9/6/2002	$280,935	5713 / 255	MOD-IV (Rutgers)