When was 220 Terrace Lake Dr, Butler Boro, NJ last sold?

The most recent recorded sale was in 2020 for $364,900.

What is the assessed value of 220 Terrace Lake Dr, Butler Boro, NJ?

The total municipal assessment is $444,400 (land plus improvements).

What is 220 Terrace Lake Dr, Butler Boro, NJ worth?

Our model estimates a market value of $546,087, derived from comparable recorded sales nearby.

How many units does 220 Terrace Lake Dr, Butler Boro, NJ have?

Records show 1 dwelling unit at 220 Terrace Lake Dr, Butler Boro, NJ.

What kind of property is 220 Terrace Lake Dr, Butler Boro, NJ?

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

parceldata.nj

Loading…

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

220 Terrace Lake Dr

Butler Boro, NJ 07405·Morris County

1403·block 101.05·lot 4

$546,087estimated value

Last sale

$364,900

12/9/2020 · 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

$444,400

Land value

$200,000

Improvement value

$244,400

Last year's tax

$10,260

Last MOD-IV sale

$364,900

MOD-IV deed date

10/24/2020

Owner mailing address

220 TERRACE LAKE DR
BUTLER, NJ 07405

Estimated market value

$546,087

range $486,126 – $599,235

moderate confidence

Assessment-implied: $510,805; Director's Ratio 0.8700 (2025)
Comp-implied: $550,497; 14 comparable sales

Estimated value, last 11 years

2016: $308,233 → 2026: $546,087

dots are actual sale prices for this property

Bordering

200-ft notice list →

218 Terrace Lake Dr
Lot 3·$422,400
Terrace Ave
Lot 5
222 Terrace Lake Dr
Lot 5·$365,000
224 Terrace Lake Dr
Lot 6·$358,800

Block 101.05All of Block 101.05 →

Debug — raw data per source

Computed

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

MOD-IV

{
  "pams_pin": "1403_101.05_4",
  "county_code": "14",
  "district_code": "03",
  "block": "101.05",
  "lot": "4",
  "qualifier": "",
  "property_location": "220 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": "24440000",
  "net_value_cents": "44440000",
  "last_yr_tx_cents": "1026017",
  "deed_date": "2020-10-24",
  "deed_book": "23963",
  "deed_page": "621",
  "sale_price_cents": "36490000",
  "sales_code": null,
  "owner_mailing_street": "220 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": -74.36043196398874,
  "centroid_lat": 41.010490336131284
}

SR1A

[
  {
    "id": "3476d474-e0b8-4601-a5b8-b5845f688f06",
    "property_id": "019304b8-3a24-4a7c-a9ff-fee7f998e45e",
    "county_code": "14",
    "district_code": "03",
    "block": "101.05",
    "lot": "4",
    "qualifier": "",
    "deed_book": "23963",
    "deed_page": "621",
    "deed_date": "2020-10-24",
    "date_recorded": "2020-12-09",
    "sale_price_cents": "36490000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "e75d93b1-7112-4ca7-ab15-3db9255e2354",
    "property_id": "019304b8-3a24-4a7c-a9ff-fee7f998e45e",
    "county_code": "14",
    "district_code": "03",
    "block": "101.05",
    "lot": "4",
    "qualifier": "",
    "deed_book": "23963",
    "deed_page": "621",
    "deed_date": "2020-10-24",
    "date_recorded": "2020-10-24",
    "sale_price_cents": "36490000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "c2ac54f9-140c-4047-8788-e9e7cd784ee8",
    "property_id": "019304b8-3a24-4a7c-a9ff-fee7f998e45e",
    "county_code": "14",
    "district_code": "03",
    "block": "101.05",
    "lot": "4",
    "qualifier": "",
    "deed_book": "6076",
    "deed_page": "57",
    "deed_date": "2004-05-19",
    "date_recorded": "2004-05-25",
    "sale_price_cents": "30000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "5c15a566-ae9f-4afb-bbbd-9e9330659772",
    "property_id": "019304b8-3a24-4a7c-a9ff-fee7f998e45e",
    "county_code": "14",
    "district_code": "03",
    "block": "101.05",
    "lot": "4",
    "qualifier": "",
    "deed_book": "6076",
    "deed_page": "57",
    "deed_date": "2004-05-19",
    "date_recorded": "2004-05-19",
    "sale_price_cents": "30000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "344dfd9a-1a3d-4aae-a3dd-799122e2da8b",
    "property_id": "019304b8-3a24-4a7c-a9ff-fee7f998e45e",
    "county_code": "14",
    "district_code": "03",
    "block": "101.05",
    "lot": "4",
    "qualifier": "",
    "deed_book": "5627",
    "deed_page": "265",
    "deed_date": "2002-04-10",
    "date_recorded": "2002-05-31",
    "sale_price_cents": "0",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "bc86b693-e274-49bf-8f9e-44253a780032",
    "property_id": "019304b8-3a24-4a7c-a9ff-fee7f998e45e",
    "county_code": "14",
    "district_code": "03",
    "block": "101.05",
    "lot": "4",
    "qualifier": "",
    "deed_book": "5607",
    "deed_page": "61",
    "deed_date": "2002-04-10",
    "date_recorded": "2002-04-29",
    "sale_price_cents": "23290000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "9c21a7df-339f-4ac2-9679-913847b207c9",
    "property_id": "019304b8-3a24-4a7c-a9ff-fee7f998e45e",
    "county_code": "14",
    "district_code": "03",
    "block": "101.05",
    "lot": "4",
    "qualifier": "",
    "deed_book": "5627",
    "deed_page": "265",
    "deed_date": "2002-04-10",
    "date_recorded": "2002-04-10",
    "sale_price_cents": "0",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 220 Terrace Lake Dr, Butler Boro, NJ last sold?: The most recent recorded sale was in 2020 for $364,900.
What is the assessed value of 220 Terrace Lake Dr, Butler Boro, NJ?: The total municipal assessment is $444,400 (land plus improvements).
What is 220 Terrace Lake Dr, Butler Boro, NJ worth?: Our model estimates a market value of $546,087, derived from comparable recorded sales nearby.
How many units does 220 Terrace Lake Dr, Butler Boro, NJ have?: Records show 1 dwelling unit at 220 Terrace Lake Dr, Butler Boro, NJ.
What kind of property is 220 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

12/9/2020$364,900
taxrecords_njBk 23963 / Pg 621
10/24/2020$364,900
MOD-IV (Rutgers)Bk 23963 / Pg 621
5/25/2004$300,000
taxrecords_njBk 6076 / Pg 57
5/19/2004$300,000
MOD-IV (Rutgers)Bk 6076 / Pg 57
5/31/2002$0
taxrecords_njBk 5627 / Pg 265
4/29/2002$232,900
taxrecords_njBk 5607 / Pg 61
4/10/2002$0
MOD-IV (Rutgers)Bk 5627 / Pg 265

Date	Price	Book / Page	Source
12/9/2020	$364,900	23963 / 621	taxrecords_nj
10/24/2020	$364,900	23963 / 621	MOD-IV (Rutgers)
5/25/2004	$300,000	6076 / 57	taxrecords_nj
5/19/2004	$300,000	6076 / 57	MOD-IV (Rutgers)
5/31/2002	$0	5627 / 265	taxrecords_nj
4/29/2002	$232,900	5607 / 61	taxrecords_nj
4/10/2002	$0	5627 / 265	MOD-IV (Rutgers)