When was 251 Terrace Lake Dr, Butler Boro, NJ last sold?

The most recent recorded sale was in 2014 for $320,000.

What is the assessed value of 251 Terrace Lake Dr, Butler Boro, NJ?

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

What is 251 Terrace Lake Dr, Butler Boro, NJ worth?

Our model estimates a market value of $487,966, derived from comparable recorded sales nearby.

How many units does 251 Terrace Lake Dr, Butler Boro, NJ have?

Records show 1 dwelling unit at 251 Terrace Lake Dr, Butler Boro, NJ.

What kind of property is 251 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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251 Terrace Lake Dr, Butler Boro, NJ — owner, sales, deeds · parceldata

251 Terrace Lake Dr

Butler Boro, NJ 07405·Morris County

1403·block 101.03·lot 9

$487,966estimated value

Last sale

$320,000

7/17/2014 · 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

$320,000

MOD-IV deed date

6/30/2014

Owner mailing address

251 TERRACE LAKE DR
BUTLER, NJ 07405

Estimated market value

$487,966

range $448,292 – $546,920

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: $275,428 → 2026: $487,966

Based on 30 comparable sales

Address	Sold	Price
239 Terrace Lake Dr

Bordering

200-ft notice list →

253 Terrace Lake Dr
Lot 10·$363,700
Terrace Ave
Lot 5
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": [
      "251 TER LAKE DR BUTLER NJ 07405"
    ],
    "zipKeys": [
      "251 TER LAKE DR 07405"
    ]
  },
  "effective_unit_count": 1,
  "effective_unit_count_source": "MOD-IV"
}

MOD-IV

{
  "pams_pin": "1403_101.03_9",
  "county_code": "14",
  "district_code": "03",
  "block": "101.03",
  "lot": "9",
  "qualifier": "",
  "property_location": "251 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": "2014-06-30",
  "deed_book": "22561",
  "deed_page": "1485",
  "sale_price_cents": "32000000",
  "sales_code": null,
  "owner_mailing_street": "251 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": -74.35971754617651,
  "centroid_lat": 41.010691131900444
}

SR1A

[
  {
    "id": "8cc0c6da-7170-4ad4-bb1f-2b8a76d74609",
    "property_id": "c56227bf-8546-49b0-851f-bde89cefbb95",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "9",
    "qualifier": "",
    "deed_book": "22561",
    "deed_page": "1485",
    "deed_date": "2014-06-30",
    "date_recorded": "2014-07-17",
    "sale_price_cents": "32000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "0e44f943-985b-44ed-a211-2af8b7e04374",
    "property_id": "c56227bf-8546-49b0-851f-bde89cefbb95",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "9",
    "qualifier": "",
    "deed_book": "22561",
    "deed_page": "1485",
    "deed_date": "2014-06-30",
    "date_recorded": "2014-06-30",
    "sale_price_cents": "32000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "f0371dd2-52ed-48ab-87f8-cf6413ca00a3",
    "property_id": "c56227bf-8546-49b0-851f-bde89cefbb95",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "9",
    "qualifier": "",
    "deed_book": "5705",
    "deed_page": "120",
    "deed_date": "2002-09-18",
    "date_recorded": "2002-09-20",
    "sale_price_cents": "25153600",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "9afc92fe-8b88-4bb6-8a37-ea8293652bbe",
    "property_id": "c56227bf-8546-49b0-851f-bde89cefbb95",
    "county_code": "14",
    "district_code": "03",
    "block": "101.03",
    "lot": "9",
    "qualifier": "",
    "deed_book": "5705",
    "deed_page": "120",
    "deed_date": "2002-09-18",
    "date_recorded": "2002-09-18",
    "sale_price_cents": "25153600",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 251 Terrace Lake Dr, Butler Boro, NJ last sold?: The most recent recorded sale was in 2014 for $320,000.
What is the assessed value of 251 Terrace Lake Dr, Butler Boro, NJ?: The total municipal assessment is $365,000 (land plus improvements).
What is 251 Terrace Lake Dr, Butler Boro, NJ worth?: Our model estimates a market value of $487,966, derived from comparable recorded sales nearby.
How many units does 251 Terrace Lake Dr, Butler Boro, NJ have?: Records show 1 dwelling unit at 251 Terrace Lake Dr, Butler Boro, NJ.
What kind of property is 251 Terrace Lake Dr, Butler Boro, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 2001.

Sales history

7/17/2014$320,000
taxrecords_njBk 22561 / Pg 1485
6/30/2014$320,000
MOD-IV (Rutgers)Bk 22561 / Pg 1485
9/20/2002$251,536
taxrecords_njBk 5705 / Pg 120
9/18/2002$251,536
MOD-IV (Rutgers)Bk 5705 / Pg 120

Date	Price	Book / Page	Source
7/17/2014	$320,000	22561 / 1485	taxrecords_nj
6/30/2014	$320,000	22561 / 1485	MOD-IV (Rutgers)
9/20/2002	$251,536	5705 / 120	taxrecords_nj
9/18/2002	$251,536	5705 / 120	MOD-IV (Rutgers)