When was 234 Terrace Lake Dr, Butler Boro, NJ last sold?

The most recent recorded sale was in 2023 for $450,000.

What is the assessed value of 234 Terrace Lake Dr, Butler Boro, NJ?

The total municipal assessment is $439,400 (land plus improvements).

What is 234 Terrace Lake Dr, Butler Boro, NJ worth?

Our model estimates a market value of $534,072, derived from comparable recorded sales nearby.

How many units does 234 Terrace Lake Dr, Butler Boro, NJ have?

Records show 1 dwelling unit at 234 Terrace Lake Dr, Butler Boro, NJ.

What kind of property is 234 Terrace Lake Dr, Butler Boro, NJ?

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

parceldata.nj

Loading…

234 Terrace Lake Dr, Butler Boro, NJ — owner, sales, deeds · parceldata

234 Terrace Lake Dr

Butler Boro, NJ 07405·Morris County

1403·block 101.04·lot 5

$534,072estimated value

Last sale

$450,000

12/7/2023 · 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

$439,400

Land value

$200,000

Improvement value

$239,400

Last year's tax

$10,143

Last MOD-IV sale

$450,000

MOD-IV deed date

12/6/2023

Owner mailing address

234 TERRACE LAKE DR
BUTLER, NJ 07405

Estimated market value

$534,072

range $486,635 – $577,641

high confidence

Assessment-implied: $505,057; Director's Ratio 0.8700 (2025)
Comp-implied: $550,497; 13 comparable sales

Estimated value, last 11 years

2016: $301,452 → 2026: $534,072

dots are actual sale prices for this property

Bordering

200-ft notice list →

232 Terrace Lake Dr
Lot 4·$422,400
Terrace Ave
Lot 5
236 Terrace Lake Dr
Lot 6·$422,400

Block 101.04All of Block 101.04 →

Debug — raw data per source

Computed

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

MOD-IV

{
  "pams_pin": "1403_101.04_5",
  "county_code": "14",
  "district_code": "03",
  "block": "101.04",
  "lot": "5",
  "qualifier": "",
  "property_location": "234 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": "23940000",
  "net_value_cents": "43940000",
  "last_yr_tx_cents": "1014281",
  "deed_date": "2023-12-06",
  "deed_book": "24689",
  "deed_page": "1819",
  "sale_price_cents": "45000000",
  "sales_code": null,
  "owner_mailing_street": "234 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": -74.36010077550718,
  "centroid_lat": 41.01078319270282
}

SR1A

[
  {
    "id": "02a6829b-93b6-4225-9fd5-aa758bdf5bbc",
    "property_id": "0beccb32-0728-4e4a-b092-f5198feb9498",
    "county_code": "14",
    "district_code": "03",
    "block": "101.04",
    "lot": "5",
    "qualifier": "",
    "deed_book": "24689",
    "deed_page": "1819",
    "deed_date": "2023-12-06",
    "date_recorded": "2023-12-07",
    "sale_price_cents": "45000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "c21b71f9-1c53-4d38-8900-125d8426351e",
    "property_id": "0beccb32-0728-4e4a-b092-f5198feb9498",
    "county_code": "14",
    "district_code": "03",
    "block": "101.04",
    "lot": "5",
    "qualifier": "",
    "deed_book": "24689",
    "deed_page": "1819",
    "deed_date": "2023-12-06",
    "date_recorded": "2023-12-06",
    "sale_price_cents": "45000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "5163c011-16dd-4860-8d22-fb62308e4e68",
    "property_id": "0beccb32-0728-4e4a-b092-f5198feb9498",
    "county_code": "14",
    "district_code": "03",
    "block": "101.04",
    "lot": "5",
    "qualifier": "",
    "deed_book": "23607",
    "deed_page": "610",
    "deed_date": "2019-08-21",
    "date_recorded": "2019-09-05",
    "sale_price_cents": "32500000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "0e1ae136-fdb0-420d-ae5a-88d3510f91f6",
    "property_id": "0beccb32-0728-4e4a-b092-f5198feb9498",
    "county_code": "14",
    "district_code": "03",
    "block": "101.04",
    "lot": "5",
    "qualifier": "",
    "deed_book": "23607",
    "deed_page": "610",
    "deed_date": "2019-08-21",
    "date_recorded": "2019-08-21",
    "sale_price_cents": "32500000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "3a183905-65d7-4cf7-981a-87ce2a904488",
    "property_id": "0beccb32-0728-4e4a-b092-f5198feb9498",
    "county_code": "14",
    "district_code": "03",
    "block": "101.04",
    "lot": "5",
    "qualifier": "",
    "deed_book": "21487",
    "deed_page": "812",
    "deed_date": "2010-01-29",
    "date_recorded": "2010-02-05",
    "sale_price_cents": "35300000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "41f09948-e4d6-4a26-b847-e3589d1e26c1",
    "property_id": "0beccb32-0728-4e4a-b092-f5198feb9498",
    "county_code": "14",
    "district_code": "03",
    "block": "101.04",
    "lot": "5",
    "qualifier": "",
    "deed_book": "21487",
    "deed_page": "812",
    "deed_date": "2010-01-29",
    "date_recorded": "2010-01-29",
    "sale_price_cents": "35300000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "5dfb2a79-2188-4f2c-9308-6415d891c086",
    "property_id": "0beccb32-0728-4e4a-b092-f5198feb9498",
    "county_code": "14",
    "district_code": "03",
    "block": "101.04",
    "lot": "5",
    "qualifier": "",
    "deed_book": "5619",
    "deed_page": "64",
    "deed_date": "2002-05-08",
    "date_recorded": "2002-05-16",
    "sale_price_cents": "25190700",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "de89b8d9-f120-4011-b19e-6496ee313a53",
    "property_id": "0beccb32-0728-4e4a-b092-f5198feb9498",
    "county_code": "14",
    "district_code": "03",
    "block": "101.04",
    "lot": "5",
    "qualifier": "",
    "deed_book": "5619",
    "deed_page": "64",
    "deed_date": "2002-05-08",
    "date_recorded": "2002-05-08",
    "sale_price_cents": "25190700",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 234 Terrace Lake Dr, Butler Boro, NJ last sold?: The most recent recorded sale was in 2023 for $450,000.
What is the assessed value of 234 Terrace Lake Dr, Butler Boro, NJ?: The total municipal assessment is $439,400 (land plus improvements).
What is 234 Terrace Lake Dr, Butler Boro, NJ worth?: Our model estimates a market value of $534,072, derived from comparable recorded sales nearby.
How many units does 234 Terrace Lake Dr, Butler Boro, NJ have?: Records show 1 dwelling unit at 234 Terrace Lake Dr, Butler Boro, NJ.
What kind of property is 234 Terrace Lake Dr, Butler Boro, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 2001.

Based on 13 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
110 Barrister Dr	9/25/2023	$379,900

Sales history

12/7/2023$450,000
taxrecords_njBk 24689 / Pg 1819
12/6/2023$450,000
MOD-IV (Rutgers)Bk 24689 / Pg 1819
9/5/2019$325,000
taxrecords_njBk 23607 / Pg 610
8/21/2019$325,000
MOD-IV (Rutgers)Bk 23607 / Pg 610
2/5/2010$353,000
taxrecords_njBk 21487 / Pg 812
1/29/2010$353,000
MOD-IV (Rutgers)Bk 21487 / Pg 812
5/16/2002$251,907
taxrecords_njBk 5619 / Pg 64
5/8/2002$251,907
MOD-IV (Rutgers)Bk 5619 / Pg 64

Date	Price	Book / Page	Source
12/7/2023	$450,000	24689 / 1819	taxrecords_nj
12/6/2023	$450,000	24689 / 1819	MOD-IV (Rutgers)
9/5/2019	$325,000	23607 / 610	taxrecords_nj
8/21/2019	$325,000	23607 / 610	MOD-IV (Rutgers)
2/5/2010	$353,000	21487 / 812	taxrecords_nj
1/29/2010	$353,000	21487 / 812	MOD-IV (Rutgers)
5/16/2002	$251,907	5619 / 64	taxrecords_nj
5/8/2002	$251,907	5619 / 64	MOD-IV (Rutgers)