When was 48 Terrace Ave, Butler Boro, NJ last sold?

The most recent recorded sale was in 2019 for $280,000.

What is the assessed value of 48 Terrace Ave, Butler Boro, NJ?

The total municipal assessment is $288,700 (land plus improvements).

What is 48 Terrace Ave, Butler Boro, NJ worth?

Our model estimates a market value of $463,383, derived from comparable recorded sales nearby.

How many units does 48 Terrace Ave, Butler Boro, NJ have?

Records show 1 dwelling unit at 48 Terrace Ave, Butler Boro, NJ.

What kind of property is 48 Terrace Ave, Butler Boro, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1950.

parceldata.nj

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48 Terrace Ave, Butler Boro, NJ — owner, sales, deeds · parceldata

48 Terrace Ave

Butler Boro, NJ 07405·Morris County

1403·block 306·lot 50

$463,383estimated value

Last sale

$280,000

11/4/2019 · taxrecords_nj

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1950

Building size

886 sq ft

Lot size

0.11 ac

Land description

0.1059 AC

Building description

1S-F-R-1U

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$288,700

Land value

$190,400

Improvement value

$98,300

Last year's tax

$6,607

Last MOD-IV sale

$280,000

MOD-IV deed date

10/31/2019

Owner mailing address

48 TERRACE AVE
BUTLER, NJ 07405

Estimated market value

$463,383

range $417,521 – $493,612

moderate confidence

Assessment-implied: $331,839; Director's Ratio 0.8700 (2025)
Comp-implied: $512,731; 13 comparable sales

Estimated value, last 11 years

2016: $261,552 → 2026: $463,383

dots are actual sale prices for this property

Bordering

200-ft notice list →

7 Decker Ave
Lot 39·$324,700
42 Terrace Ave
Lot 46·$379,800

Block 306All of Block 306 →

Debug — raw data per source

Computed

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

MOD-IV

{
  "pams_pin": "1403_306_50",
  "county_code": "14",
  "district_code": "03",
  "block": "306",
  "lot": "50",
  "qualifier": "",
  "property_location": "48 TERRACE AVE",
  "property_class": "2",
  "bldg_class": "16",
  "bldg_desc": "1S-F-R-1U",
  "land_desc": "0.1059 AC",
  "year_built": 1950,
  "living_sqft": 886,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "19040000",
  "improvement_value_cents": "9830000",
  "net_value_cents": "28870000",
  "last_yr_tx_cents": "660706",
  "deed_date": "2019-10-31",
  "deed_book": "23648",
  "deed_page": "1983",
  "sale_price_cents": "28000000",
  "sales_code": null,
  "owner_mailing_street": "48 TERRACE AVE",
  "owner_mailing_city_state_zip": "BUTLER, NJ  07405",
  "mun_name": "BUTLER BORO",
  "calc_acre": "0.109000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.3553374794293,
  "centroid_lat": 41.01021570953538
}

SR1A

[
  {
    "id": "ccb96543-00e4-4f12-9642-0b6f394257eb",
    "property_id": "73879b85-83c2-43d0-a68d-842bffa195e3",
    "county_code": "14",
    "district_code": "03",
    "block": "306",
    "lot": "50",
    "qualifier": "",
    "deed_book": "23648",
    "deed_page": "1983",
    "deed_date": "2019-10-31",
    "date_recorded": "2019-11-04",
    "sale_price_cents": "28000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "ec8f03d1-973a-4508-b78a-80a793660403",
    "property_id": null,
    "county_code": "14",
    "district_code": "03",
    "block": "306",
    "lot": "50",
    "qualifier": "",
    "deed_book": null,
    "deed_page": null,
    "deed_date": "2019-10-31",
    "date_recorded": "2019-11-04",
    "sale_price_cents": "28000000",
    "sr1a_year": 2020,
    "source": "sr1a"
  },
  {
    "id": "9a713e30-9bd7-448b-b30f-1ea7fdad34a1",
    "property_id": "73879b85-83c2-43d0-a68d-842bffa195e3",
    "county_code": "14",
    "district_code": "03",
    "block": "306",
    "lot": "50",
    "qualifier": "",
    "deed_book": "23648",
    "deed_page": "1983",
    "deed_date": "2019-10-31",
    "date_recorded": "2019-10-31",
    "sale_price_cents": "28000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "1115dfa3-6e36-4f07-b445-7ada7c573ab7",
    "property_id": "73879b85-83c2-43d0-a68d-842bffa195e3",
    "county_code": "14",
    "district_code": "03",
    "block": "306",
    "lot": "50",
    "qualifier": "",
    "deed_book": "22439",
    "deed_page": "153",
    "deed_date": "2013-10-07",
    "date_recorded": "2013-10-15",
    "sale_price_cents": "24700000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "e6872905-08d7-4957-adde-af5a01deb565",
    "property_id": "73879b85-83c2-43d0-a68d-842bffa195e3",
    "county_code": "14",
    "district_code": "03",
    "block": "306",
    "lot": "50",
    "qualifier": "",
    "deed_book": "22439",
    "deed_page": "153",
    "deed_date": "2013-10-07",
    "date_recorded": "2013-10-07",
    "sale_price_cents": "24700000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "01a533c5-836b-435c-b22c-c93125d4e689",
    "property_id": "73879b85-83c2-43d0-a68d-842bffa195e3",
    "county_code": "14",
    "district_code": "03",
    "block": "306",
    "lot": "50",
    "qualifier": "",
    "deed_book": "6052",
    "deed_page": "135",
    "deed_date": "2004-03-30",
    "date_recorded": "2004-04-20",
    "sale_price_cents": "17500000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "930494d1-6b05-4ed4-bc9f-59876c4a6e48",
    "property_id": "73879b85-83c2-43d0-a68d-842bffa195e3",
    "county_code": "14",
    "district_code": "03",
    "block": "306",
    "lot": "50",
    "qualifier": "",
    "deed_book": "6052",
    "deed_page": "135",
    "deed_date": "2004-03-30",
    "date_recorded": "2004-03-30",
    "sale_price_cents": "17500000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 48 Terrace Ave, Butler Boro, NJ last sold?: The most recent recorded sale was in 2019 for $280,000.
What is the assessed value of 48 Terrace Ave, Butler Boro, NJ?: The total municipal assessment is $288,700 (land plus improvements).
What is 48 Terrace Ave, Butler Boro, NJ worth?: Our model estimates a market value of $463,383, derived from comparable recorded sales nearby.
How many units does 48 Terrace Ave, Butler Boro, NJ have?: Records show 1 dwelling unit at 48 Terrace Ave, Butler Boro, NJ.
What kind of property is 48 Terrace Ave, Butler Boro, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1950.

Address	Sold	Price
77 Reservoir Ave	2/24/2026	$575,000
73 Roosevelt Ave	11/6/2025	$500,000
116 Maple Lake Rd	6/27/2025	$501,000
39 Decker Rd	5/13/2025	$471,000
87 Reservoir Ave	12/3/2024	$500,000
4 Center St	10/10/2024	$440,000
62 Decker Rd	10/2/2024	$285,000
18 E Belleview Ave	7/25/2024	$390,000
6 Van Buren St	4/26/2024	$475,000
38 Third St	11/27/2023	$300,000
57 Terrace Ave	10/25/2023	$410,000
39 Decker Rd	7/25/2023	$406,000
16 Elm St	7/5/2023	$375,500

Sales history

11/4/2019$280,000
taxrecords_njBk 23648 / Pg 1983
11/4/2019$280,000
SR1A 2020
10/31/2019$280,000
MOD-IV (Rutgers)Bk 23648 / Pg 1983
10/15/2013$247,000
taxrecords_njBk 22439 / Pg 153
10/7/2013$247,000
MOD-IV (Rutgers)Bk 22439 / Pg 153
4/20/2004$175,000
taxrecords_njBk 6052 / Pg 135
3/30/2004$175,000
MOD-IV (Rutgers)Bk 6052 / Pg 135

Date	Price	Book / Page	Source
11/4/2019	$280,000	23648 / 1983	taxrecords_nj
11/4/2019	$280,000	—	SR1A 2020
10/31/2019	$280,000	23648 / 1983	MOD-IV (Rutgers)
10/15/2013	$247,000	22439 / 153	taxrecords_nj
10/7/2013	$247,000	22439 / 153	MOD-IV (Rutgers)
4/20/2004	$175,000	6052 / 135	taxrecords_nj
3/30/2004	$175,000	6052 / 135	MOD-IV (Rutgers)