When was 216 Terrace Lake Dr, Butler Boro, NJ last sold?

The most recent recorded sale was in 2019 for $369,900.

What is the assessed value of 216 Terrace Lake Dr, Butler Boro, NJ?

The total municipal assessment is $439,700 (land plus improvements).

What is 216 Terrace Lake Dr, Butler Boro, NJ worth?

Our model estimates a market value of $542,051, derived from comparable recorded sales nearby.

How many units does 216 Terrace Lake Dr, Butler Boro, NJ have?

Records show 1 dwelling unit at 216 Terrace Lake Dr, Butler Boro, NJ.

What kind of property is 216 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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216 Terrace Lake Dr, Butler Boro, NJ — owner, sales, deeds · parceldata

216 Terrace Lake Dr

Butler Boro, NJ 07405·Morris County

1403·block 101.05·lot 2

$542,051estimated value

Last sale

$369,900

6/26/2019 · 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

$439,700

Land value

$200,000

Improvement value

$239,700

Last year's tax

$10,145

Last MOD-IV sale

$369,900

MOD-IV deed date

5/31/2019

Owner mailing address

216 TERRACE LAKE DR
BUTLER, NJ 07405

Estimated market value

$542,051

range $487,456 – $585,844

moderate confidence

Assessment-implied: $505,402; Director's Ratio 0.8700 (2025)
Comp-implied: $550,497; 14 comparable sales

Estimated value, last 11 years

2016: $305,956 → 2026: $542,051

dots are actual sale prices for this property

Based on 14 comparable sales

Bordering

200-ft notice list →

214 Terrace Lake Dr
Lot 1·$430,300
218 Terrace Lake Dr
Lot 3·$422,400
Terrace Ave
Lot 5

Block 101.05All of Block 101.05 →

Debug — raw data per source

Computed

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

MOD-IV

{
  "pams_pin": "1403_101.05_2",
  "county_code": "14",
  "district_code": "03",
  "block": "101.05",
  "lot": "2",
  "qualifier": "",
  "property_location": "216 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": "23970000",
  "net_value_cents": "43970000",
  "last_yr_tx_cents": "1014531",
  "deed_date": "2019-05-31",
  "deed_book": "23560",
  "deed_page": "261",
  "sale_price_cents": "36990000",
  "sales_code": null,
  "owner_mailing_street": "216 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": -74.36055768482916,
  "centroid_lat": 41.01046396100688
}

SR1A

[
  {
    "id": "8f016e48-0e68-4323-b57c-9954e7d723af",
    "property_id": "4f02203e-cc96-4838-95cf-2e1a73557860",
    "county_code": "14",
    "district_code": "03",
    "block": "101.05",
    "lot": "2",
    "qualifier": "",
    "deed_book": "23560",
    "deed_page": "261",
    "deed_date": "2019-05-31",
    "date_recorded": "2019-06-26",
    "sale_price_cents": "36990000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "d8deaa37-ef9f-4508-b9bc-e2aff1ec883e",
    "property_id": "4f02203e-cc96-4838-95cf-2e1a73557860",
    "county_code": "14",
    "district_code": "03",
    "block": "101.05",
    "lot": "2",
    "qualifier": "",
    "deed_book": "23560",
    "deed_page": "261",
    "deed_date": "2019-05-31",
    "date_recorded": "2019-05-31",
    "sale_price_cents": "36990000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "80064e92-2dcd-4076-a641-1b0d1301878a",
    "property_id": "4f02203e-cc96-4838-95cf-2e1a73557860",
    "county_code": "14",
    "district_code": "03",
    "block": "101.05",
    "lot": "2",
    "qualifier": "",
    "deed_book": "22685",
    "deed_page": "638",
    "deed_date": "2015-03-17",
    "date_recorded": "2015-03-31",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "ed7823e0-f289-435c-b223-4a86cee2ba9b",
    "property_id": "4f02203e-cc96-4838-95cf-2e1a73557860",
    "county_code": "14",
    "district_code": "03",
    "block": "101.05",
    "lot": "2",
    "qualifier": "",
    "deed_book": "22685",
    "deed_page": "638",
    "deed_date": "2015-03-17",
    "date_recorded": "2015-03-17",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "6d194500-9c71-44a0-9602-8d1c93915d60",
    "property_id": "4f02203e-cc96-4838-95cf-2e1a73557860",
    "county_code": "14",
    "district_code": "03",
    "block": "101.05",
    "lot": "2",
    "qualifier": "",
    "deed_book": "5600",
    "deed_page": "16",
    "deed_date": "2002-04-12",
    "date_recorded": "2002-04-17",
    "sale_price_cents": "26266300",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "9d106447-f9b4-4bab-9e24-4fdbe68c4741",
    "property_id": "4f02203e-cc96-4838-95cf-2e1a73557860",
    "county_code": "14",
    "district_code": "03",
    "block": "101.05",
    "lot": "2",
    "qualifier": "",
    "deed_book": "5600",
    "deed_page": "16",
    "deed_date": "2002-04-12",
    "date_recorded": "2002-04-12",
    "sale_price_cents": "26266300",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 216 Terrace Lake Dr, Butler Boro, NJ last sold?: The most recent recorded sale was in 2019 for $369,900.
What is the assessed value of 216 Terrace Lake Dr, Butler Boro, NJ?: The total municipal assessment is $439,700 (land plus improvements).
What is 216 Terrace Lake Dr, Butler Boro, NJ worth?: Our model estimates a market value of $542,051, derived from comparable recorded sales nearby.
How many units does 216 Terrace Lake Dr, Butler Boro, NJ have?: Records show 1 dwelling unit at 216 Terrace Lake Dr, Butler Boro, NJ.
What kind of property is 216 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

6/26/2019$369,900
taxrecords_njBk 23560 / Pg 261
5/31/2019$369,900
MOD-IV (Rutgers)Bk 23560 / Pg 261
3/31/2015$1
taxrecords_njBk 22685 / Pg 638
3/17/2015$1
MOD-IV (Rutgers)Bk 22685 / Pg 638
4/17/2002$262,663
taxrecords_njBk 5600 / Pg 16
4/12/2002$262,663
MOD-IV (Rutgers)Bk 5600 / Pg 16

Date	Price	Book / Page	Source
6/26/2019	$369,900	23560 / 261	taxrecords_nj
5/31/2019	$369,900	23560 / 261	MOD-IV (Rutgers)
3/31/2015	$1	22685 / 638	taxrecords_nj
3/17/2015	$1	22685 / 638	MOD-IV (Rutgers)
4/17/2002	$262,663	5600 / 16	taxrecords_nj
4/12/2002	$262,663	5600 / 16	MOD-IV (Rutgers)