When was 78 Reservoir Ave, Butler Boro, NJ last sold?

The most recent recorded sale was in 2021 for $1.

What is the assessed value of 78 Reservoir Ave, Butler Boro, NJ?

The total municipal assessment is $339,300 (land plus improvements).

What is 78 Reservoir Ave, Butler Boro, NJ worth?

Our model estimates a market value of $491,989, derived from comparable recorded sales nearby.

How many units does 78 Reservoir Ave, Butler Boro, NJ have?

Records show 1 dwelling unit at 78 Reservoir Ave, Butler Boro, NJ.

What kind of property is 78 Reservoir Ave, Butler Boro, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1957.

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78 Reservoir Ave, Butler Boro, NJ — owner, sales, deeds · parceldata

78 Reservoir Ave

Butler Boro, NJ 07405·Morris County

1403·block 61.01·lot 24

$491,989estimated value

Last sale

12/21/2021 · taxrecords_nj

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1957

Building size

980 sq ft

Lot size

0.18 ac

Land description

62X125

Building description

1S-AL-R-1U

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$339,300

Land value

$250,000

Improvement value

$89,300

Last year's tax

$7,516

Last MOD-IV sale

MOD-IV deed date

11/5/2021

Owner mailing address

78 RESERVOIR AVE
BUTLER, NJ 07405

Estimated market value

$491,989

range $455,663 – $541,036

moderate confidence

Assessment-implied: $390,000; Director's Ratio 0.8700 (2025)
Comp-implied: $529,339; 30 comparable sales

Estimated value, last 11 years

2016: $277,698 → 2026: $491,989

dots are actual sale prices for this property

Based on 30 comparable sales

Address	Sold	Price
86 Reservoir Ave

Bordering

200-ft notice list →

80 Reservoir Ave
Lot 23·$343,000
76 Reservoir Ave
Lot 25·$478,400
81 Summit Ave
Lot 3·$397,400
83 Summit Ave
Lot 4·$424,000
85 Summit Ave
Lot 5·$426,600

Block 61.01All of Block 61.01 →

Debug — raw data per source

Computed

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

MOD-IV

{
  "pams_pin": "1403_61.01_24",
  "county_code": "14",
  "district_code": "03",
  "block": "61.01",
  "lot": "24",
  "qualifier": "",
  "property_location": "78 RESERVOIR AVE",
  "property_class": "2",
  "bldg_class": "17",
  "bldg_desc": "1S-AL-R-1U",
  "land_desc": "62X125",
  "year_built": 1957,
  "living_sqft": 980,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "25000000",
  "improvement_value_cents": "8930000",
  "net_value_cents": "33930000",
  "last_yr_tx_cents": "751597",
  "deed_date": "2021-11-05",
  "deed_book": "24299",
  "deed_page": "456",
  "sale_price_cents": "100",
  "sales_code": null,
  "owner_mailing_street": "78 RESERVOIR AVE",
  "owner_mailing_city_state_zip": "BUTLER, NJ  07405",
  "mun_name": "BUTLER BORO",
  "calc_acre": "0.179000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.3565335425996,
  "centroid_lat": 40.99707768013509
}

SR1A

[
  {
    "id": "07ef66bd-42b0-4b3b-bb82-2ffa7c34478c",
    "property_id": "779f7285-3442-4c23-9bb1-b598a1e1fa41",
    "county_code": "14",
    "district_code": "03",
    "block": "61.01",
    "lot": "24",
    "qualifier": "",
    "deed_book": "24299",
    "deed_page": "456",
    "deed_date": "2021-11-05",
    "date_recorded": "2021-12-21",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "a8a1c604-3c5b-4132-bef6-2aa8e62d9991",
    "property_id": "779f7285-3442-4c23-9bb1-b598a1e1fa41",
    "county_code": "14",
    "district_code": "03",
    "block": "61.01",
    "lot": "24",
    "qualifier": "",
    "deed_book": "24299",
    "deed_page": "456",
    "deed_date": "2021-11-05",
    "date_recorded": "2021-11-05",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "5ea86dc6-40de-41fc-9d13-433dd1a379a3",
    "property_id": "779f7285-3442-4c23-9bb1-b598a1e1fa41",
    "county_code": "14",
    "district_code": "03",
    "block": "61.01",
    "lot": "24",
    "qualifier": "",
    "deed_book": "23540",
    "deed_page": "1503",
    "deed_date": "2019-02-27",
    "date_recorded": "2019-05-22",
    "sale_price_cents": "24000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "63003707-3ae0-43d9-9747-5696e3f9502b",
    "property_id": "779f7285-3442-4c23-9bb1-b598a1e1fa41",
    "county_code": "14",
    "district_code": "03",
    "block": "61.01",
    "lot": "24",
    "qualifier": "",
    "deed_book": "23540",
    "deed_page": "1503",
    "deed_date": "2019-02-27",
    "date_recorded": "2019-02-27",
    "sale_price_cents": "24000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 78 Reservoir Ave, Butler Boro, NJ last sold?: The most recent recorded sale was in 2021 for $1.
What is the assessed value of 78 Reservoir Ave, Butler Boro, NJ?: The total municipal assessment is $339,300 (land plus improvements).
What is 78 Reservoir Ave, Butler Boro, NJ worth?: Our model estimates a market value of $491,989, derived from comparable recorded sales nearby.
How many units does 78 Reservoir Ave, Butler Boro, NJ have?: Records show 1 dwelling unit at 78 Reservoir Ave, Butler Boro, NJ.
What kind of property is 78 Reservoir Ave, Butler Boro, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1957.

Sales history

12/21/2021$1
taxrecords_njBk 24299 / Pg 456
11/5/2021$1
MOD-IV (Rutgers)Bk 24299 / Pg 456
5/22/2019$240,000
taxrecords_njBk 23540 / Pg 1503
2/27/2019$240,000
MOD-IV (Rutgers)Bk 23540 / Pg 1503

Date	Price	Book / Page	Source
12/21/2021	$1	24299 / 456	taxrecords_nj
11/5/2021	$1	24299 / 456	MOD-IV (Rutgers)
5/22/2019	$240,000	23540 / 1503	taxrecords_nj
2/27/2019	$240,000	23540 / 1503	MOD-IV (Rutgers)