When was 247 Terrace Lake Dr, Butler Boro, NJ last sold?

The most recent recorded sale was in 2022 for $445,000.

What is the assessed value of 247 Terrace Lake Dr, Butler Boro, NJ?

The total municipal assessment is $430,300 (land plus improvements).

What is 247 Terrace Lake Dr, Butler Boro, NJ worth?

Our model estimates a market value of $556,156, derived from comparable recorded sales nearby.

How many units does 247 Terrace Lake Dr, Butler Boro, NJ have?

Records show 1 dwelling unit at 247 Terrace Lake Dr, Butler Boro, NJ.

What kind of property is 247 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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247 Terrace Lake Dr, Butler Boro, NJ — owner, sales, deeds · parceldata

247 Terrace Lake Dr

Butler Boro, NJ 07405·Morris County

1403·block 101.03·lot 7

$556,156estimated value

Last sale

$445,000

9/1/2022 · 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

$430,300

Land value

$200,000

Improvement value

$230,300

Last year's tax

$9,928

Last MOD-IV sale

$445,000

MOD-IV deed date

7/26/2022

Owner mailing address

247 TERRACE LAKE DR
BUTLER, NJ 07405

Estimated market value

$556,156

range $500,331 – $607,246

high confidence

Assessment-implied: $494,598; Director's Ratio 0.8700 (2025)
Comp-implied: $550,497; 14 comparable sales

Estimated value, last 11 years

2016: $313,917 → 2026: $556,156

dots are actual sale prices for this property

Based on 14 comparable sales

Bordering

200-ft notice list →

Terrace Ave
Lot 5
245 Terrace Lake Dr
Lot 6·$442,700
249 Terrace Lake Dr
Lot 8·$436,900

Block 101.03All of Block 101.03 →

Debug — raw data per source

Computed

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

MOD-IV

{
  "pams_pin": "1403_101.03_7",
  "county_code": "14",
  "district_code": "03",
  "block": "101.03",
  "lot": "7",
  "qualifier": "",
  "property_location": "247 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": "23030000",
  "net_value_cents": "43030000",
  "last_yr_tx_cents": "992807",
  "deed_date": "2022-07-26",
  "deed_book": "24486",
  "deed_page": "776",
  "sale_price_cents": "44500000",
  "sales_code": null,
  "owner_mailing_street": "247 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": -74.35973201239037,
  "centroid_lat": 41.01058293833759
}

SR1A

[
  {
    "id": "6f6c1f54-20f4-42a1-ad48-f29ddd648f97",
    "property_id": "0554863e-948d-425a-a9e9-c48f60ede85a",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "7",
    "qualifier": "",
    "deed_book": "24486",
    "deed_page": "776",
    "deed_date": "2022-07-26",
    "date_recorded": "2022-09-01",
    "sale_price_cents": "44500000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "18fafe34-55d8-4ac4-b263-6160fa2782d9",
    "property_id": "0554863e-948d-425a-a9e9-c48f60ede85a",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "7",
    "qualifier": "",
    "deed_book": "24486",
    "deed_page": "776",
    "deed_date": "2022-07-26",
    "date_recorded": "2022-07-26",
    "sale_price_cents": "44500000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "81f824ce-feff-400b-a979-9cd407151ce9",
    "property_id": "0554863e-948d-425a-a9e9-c48f60ede85a",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "7",
    "qualifier": "",
    "deed_book": "22504",
    "deed_page": "105",
    "deed_date": "2014-03-05",
    "date_recorded": "2014-03-11",
    "sale_price_cents": "34500000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "cd7a7d78-d6e5-4f46-aaef-82e96b05bd34",
    "property_id": "0554863e-948d-425a-a9e9-c48f60ede85a",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "7",
    "qualifier": "",
    "deed_book": "22504",
    "deed_page": "105",
    "deed_date": "2014-03-05",
    "date_recorded": "2014-03-05",
    "sale_price_cents": "34500000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "b507fce1-0623-4ec9-b34e-6c5364c534fc",
    "property_id": "0554863e-948d-425a-a9e9-c48f60ede85a",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "7",
    "qualifier": "",
    "deed_book": "5709",
    "deed_page": "287",
    "deed_date": "2002-09-16",
    "date_recorded": "2002-09-27",
    "sale_price_cents": "26585200",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "0ab61555-2362-473e-a04a-5bcc0def9105",
    "property_id": "0554863e-948d-425a-a9e9-c48f60ede85a",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "7",
    "qualifier": "",
    "deed_book": "5709",
    "deed_page": "287",
    "deed_date": "2002-09-16",
    "date_recorded": "2002-09-16",
    "sale_price_cents": "26585200",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 247 Terrace Lake Dr, Butler Boro, NJ last sold?: The most recent recorded sale was in 2022 for $445,000.
What is the assessed value of 247 Terrace Lake Dr, Butler Boro, NJ?: The total municipal assessment is $430,300 (land plus improvements).
What is 247 Terrace Lake Dr, Butler Boro, NJ worth?: Our model estimates a market value of $556,156, derived from comparable recorded sales nearby.
How many units does 247 Terrace Lake Dr, Butler Boro, NJ have?: Records show 1 dwelling unit at 247 Terrace Lake Dr, Butler Boro, NJ.
What kind of property is 247 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

9/1/2022$445,000
taxrecords_njBk 24486 / Pg 776
7/26/2022$445,000
MOD-IV (Rutgers)Bk 24486 / Pg 776
3/11/2014$345,000
taxrecords_njBk 22504 / Pg 105
3/5/2014$345,000
MOD-IV (Rutgers)Bk 22504 / Pg 105
9/27/2002$265,852
taxrecords_njBk 5709 / Pg 287
9/16/2002$265,852
MOD-IV (Rutgers)Bk 5709 / Pg 287

Date	Price	Book / Page	Source
9/1/2022	$445,000	24486 / 776	taxrecords_nj
7/26/2022	$445,000	24486 / 776	MOD-IV (Rutgers)
3/11/2014	$345,000	22504 / 105	taxrecords_nj
3/5/2014	$345,000	22504 / 105	MOD-IV (Rutgers)
9/27/2002	$265,852	5709 / 287	taxrecords_nj
9/16/2002	$265,852	5709 / 287	MOD-IV (Rutgers)