When was 243 Terrace Lake Drive, Butler Boro, NJ last sold?

The most recent recorded sale was in 2013 for $360,000.

What is the assessed value of 243 Terrace Lake Drive, Butler Boro, NJ?

The total municipal assessment is $425,300 (land plus improvements).

What is 243 Terrace Lake Drive, Butler Boro, NJ worth?

Our model estimates a market value of $546,630, derived from comparable recorded sales nearby.

How many units does 243 Terrace Lake Drive, Butler Boro, NJ have?

Records show 1 dwelling unit at 243 Terrace Lake Drive, Butler Boro, NJ.

What kind of property is 243 Terrace Lake Drive, Butler Boro, NJ?

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

parceldata.nj

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243 Terrace Lake Drive, Butler Boro, NJ — owner, sales, deeds · parceldata

243 Terrace Lake Drive

Butler Boro, NJ 07405·Morris County

1403·block 101.03·lot 5

$546,630estimated value

Last sale

$360,000

8/28/2013 · 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

$425,300

Land value

$200,000

Improvement value

$225,300

Last year's tax

$9,811

Last MOD-IV sale

$360,000

MOD-IV deed date

8/21/2013

Owner mailing address

243 TERRACE LAKE DR
BUTLER, NJ 07405

Estimated market value

$546,630

range $483,142 – $575,545

high confidence

Assessment-implied: $488,851; Director's Ratio 0.8700 (2025)
Comp-implied: $565,890; 14 comparable sales

Estimated value, last 11 years

2016: $308,540 → 2026: $546,630

On Terrace Lake DriveAll 42 on Terrace Lake Drive →

Bordering

200-ft notice list →

241 Terrace Lake Drive
Lot 4·$434,500
Terrace Avenue
Lot 5
245 Terrace Lake Drive
Lot 6·$442,700

Block 101.03All of Block 101.03 →

Debug — raw data per source

Computed

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

MOD-IV

{
  "pams_pin": "1403_101.03_5",
  "county_code": "14",
  "district_code": "03",
  "block": "101.03",
  "lot": "5",
  "qualifier": "",
  "property_location": "243 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": "22530000",
  "net_value_cents": "42530000",
  "last_yr_tx_cents": "981071",
  "deed_date": "2013-08-21",
  "deed_book": "22408",
  "deed_page": "109",
  "sale_price_cents": "36000000",
  "sales_code": null,
  "owner_mailing_street": "243 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": -74.35977395756939,
  "centroid_lat": 41.01048825520473
}

SR1A

[
  {
    "id": "8db785e7-1f74-492e-8d43-9b21407ab52c",
    "property_id": "091c568a-2062-47ca-a16f-375f7d7e1bd9",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "5",
    "qualifier": "",
    "deed_book": "22408",
    "deed_page": "109",
    "deed_date": "2013-08-21",
    "date_recorded": "2013-08-28",
    "sale_price_cents": "36000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "c2c93a6e-6497-4062-b9d1-58c83160421a",
    "property_id": "091c568a-2062-47ca-a16f-375f7d7e1bd9",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "5",
    "qualifier": "",
    "deed_book": "22408",
    "deed_page": "109",
    "deed_date": "2013-08-21",
    "date_recorded": "2013-08-21",
    "sale_price_cents": "36000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "f0a42651-e67c-47af-b61a-3f95feef9f8e",
    "property_id": "091c568a-2062-47ca-a16f-375f7d7e1bd9",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "5",
    "qualifier": "",
    "deed_book": "21592",
    "deed_page": "1457",
    "deed_date": "2010-07-27",
    "date_recorded": "2010-08-05",
    "sale_price_cents": "35000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "192313bb-5662-41fc-bd7b-49135fb0dd98",
    "property_id": "091c568a-2062-47ca-a16f-375f7d7e1bd9",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "5",
    "qualifier": "",
    "deed_book": "21592",
    "deed_page": "1457",
    "deed_date": "2010-07-27",
    "date_recorded": "2010-07-27",
    "sale_price_cents": "35000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "64210c51-04b1-4ebb-afac-01ca41069b4b",
    "property_id": "091c568a-2062-47ca-a16f-375f7d7e1bd9",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "5",
    "qualifier": "",
    "deed_book": "5807",
    "deed_page": "1",
    "deed_date": "2003-02-14",
    "date_recorded": "2003-03-18",
    "sale_price_cents": "31500000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "1431e000-c934-46a0-9d98-760e42664b3a",
    "property_id": "091c568a-2062-47ca-a16f-375f7d7e1bd9",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "5",
    "qualifier": "",
    "deed_book": "5807",
    "deed_page": "1",
    "deed_date": "2003-02-14",
    "date_recorded": "2003-02-14",
    "sale_price_cents": "31500000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "ca771cde-2b68-4293-b53b-a150827b18ae",
    "property_id": "091c568a-2062-47ca-a16f-375f7d7e1bd9",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "5",
    "qualifier": "",
    "deed_book": "5716",
    "deed_page": "287",
    "deed_date": "2002-10-02",
    "date_recorded": "2002-10-08",
    "sale_price_cents": "26800300",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "9036cd32-ed26-4f04-a66b-6c7b9fe6bc36",
    "property_id": "091c568a-2062-47ca-a16f-375f7d7e1bd9",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "5",
    "qualifier": "",
    "deed_book": "5716",
    "deed_page": "287",
    "deed_date": "2002-10-02",
    "date_recorded": "2002-10-02",
    "sale_price_cents": "26800300",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 243 Terrace Lake Drive, Butler Boro, NJ last sold?: The most recent recorded sale was in 2013 for $360,000.
What is the assessed value of 243 Terrace Lake Drive, Butler Boro, NJ?: The total municipal assessment is $425,300 (land plus improvements).
What is 243 Terrace Lake Drive, Butler Boro, NJ worth?: Our model estimates a market value of $546,630, derived from comparable recorded sales nearby.
How many units does 243 Terrace Lake Drive, Butler Boro, NJ have?: Records show 1 dwelling unit at 243 Terrace Lake Drive, Butler Boro, NJ.
What kind of property is 243 Terrace Lake Drive, Butler Boro, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 2001.

Based on 14 comparable sales

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

8/28/2013$360,000
taxrecords_njBk 22408 / Pg 109
8/21/2013$360,000
MOD-IV (Rutgers)Bk 22408 / Pg 109
8/5/2010$350,000
taxrecords_njBk 21592 / Pg 1457
7/27/2010$350,000
MOD-IV (Rutgers)Bk 21592 / Pg 1457
3/18/2003$315,000
taxrecords_njBk 5807 / Pg 1
2/14/2003$315,000
MOD-IV (Rutgers)Bk 5807 / Pg 1
10/8/2002$268,003
taxrecords_njBk 5716 / Pg 287
10/2/2002$268,003
MOD-IV (Rutgers)Bk 5716 / Pg 287

Date	Price	Book / Page	Source
8/28/2013	$360,000	22408 / 109	taxrecords_nj
8/21/2013	$360,000	22408 / 109	MOD-IV (Rutgers)
8/5/2010	$350,000	21592 / 1457	taxrecords_nj
7/27/2010	$350,000	21592 / 1457	MOD-IV (Rutgers)
3/18/2003	$315,000	5807 / 1	taxrecords_nj
2/14/2003	$315,000	5807 / 1	MOD-IV (Rutgers)
10/8/2002	$268,003	5716 / 287	taxrecords_nj
10/2/2002	$268,003	5716 / 287	MOD-IV (Rutgers)