When was 48 Gormley Ln, Butler Boro, NJ last sold?

The most recent recorded sale was in 2016 for $270,000.

What is the assessed value of 48 Gormley Ln, Butler Boro, NJ?

The total municipal assessment is $418,100 (land plus improvements).

What is 48 Gormley Ln, Butler Boro, NJ worth?

Our model estimates a market value of $478,299, derived from comparable recorded sales nearby.

How many units does 48 Gormley Ln, Butler Boro, NJ have?

Records show 1 dwelling unit at 48 Gormley Ln, Butler Boro, NJ.

What kind of property is 48 Gormley Ln, Butler Boro, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1962.

parceldata.nj

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48 Gormley Ln, Butler Boro, NJ — owner, sales, deeds · parceldata

48 Gormley Ln

Butler Boro, NJ 07405·Morris County

1403·block 74·lot 1

$478,299estimated value

Last sale

$270,000

6/16/2016 · taxrecords_nj

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1962

Building size

1,233 sq ft

Lot size

0.33 ac

Land description

100X144 AVG

Building description

1S-AL-R-AG-1U

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$418,100

Land value

$290,200

Improvement value

$127,900

Last year's tax

$9,561

Last MOD-IV sale

$270,000

MOD-IV deed date

5/27/2016

Owner mailing address

48 GORMLEY LN
BUTLER, NJ 07405

Estimated market value

$478,299

range $412,176 – $637,662

high confidence

Assessment-implied: $480,575; Director's Ratio 0.8700 (2025)
Comp-implied: $477,540; 30 comparable sales

Estimated value, last 11 years

2016: $269,971 → 2026: $478,299

dots are actual sale prices for this property

Based on 30 comparable sales

Address	Sold	Price
19 Ogden Ter	4/8/2026	$575,000
86 Reservoir Ave	3/20/2026	$531,500

Bordering

200-ft notice list →

54 Gormley Ln
Lot 106·$414,600
50A Gormley Ln
Lot 107·$720,400
44 Gormley Ln
Lot 2·$420,700
50 Gormley Ln
Lot 23·$399,500

Block 74All of Block 74 →

Debug — raw data per source

Computed

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

MOD-IV

{
  "pams_pin": "1403_74_1",
  "county_code": "14",
  "district_code": "03",
  "block": "74",
  "lot": "1",
  "qualifier": "",
  "property_location": "48 GORMLEY LN",
  "property_class": "2",
  "bldg_class": "17",
  "bldg_desc": "1S-AL-R-AG-1U",
  "land_desc": "100X144 AVG",
  "year_built": 1962,
  "living_sqft": 1233,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "29020000",
  "improvement_value_cents": "12790000",
  "net_value_cents": "41810000",
  "last_yr_tx_cents": "956101",
  "deed_date": "2016-05-27",
  "deed_book": "22925",
  "deed_page": "780",
  "sale_price_cents": "27000000",
  "sales_code": null,
  "owner_mailing_street": "48 GORMLEY LN",
  "owner_mailing_city_state_zip": "BUTLER, NJ  07405",
  "mun_name": "BUTLER BORO",
  "calc_acre": "0.331000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.35355599624903,
  "centroid_lat": 40.98477395880142
}

SR1A

[
  {
    "id": "b4b85dda-64a3-454d-a3a1-0fcd003badbb",
    "property_id": "b97574e2-38eb-48fc-bf82-4a5025b0cd89",
    "county_code": "14",
    "district_code": "03",
    "block": "74",
    "lot": "1",
    "qualifier": "",
    "deed_book": "22925",
    "deed_page": "780",
    "deed_date": "2016-05-27",
    "date_recorded": "2016-06-16",
    "sale_price_cents": "27000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "9ff1f502-26b0-4939-8352-b1910ad8d06b",
    "property_id": "b97574e2-38eb-48fc-bf82-4a5025b0cd89",
    "county_code": "14",
    "district_code": "03",
    "block": "74",
    "lot": "1",
    "qualifier": "",
    "deed_book": "22925",
    "deed_page": "780",
    "deed_date": "2016-05-27",
    "date_recorded": "2016-05-27",
    "sale_price_cents": "27000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 48 Gormley Ln, Butler Boro, NJ last sold?: The most recent recorded sale was in 2016 for $270,000.
What is the assessed value of 48 Gormley Ln, Butler Boro, NJ?: The total municipal assessment is $418,100 (land plus improvements).
What is 48 Gormley Ln, Butler Boro, NJ worth?: Our model estimates a market value of $478,299, derived from comparable recorded sales nearby.
How many units does 48 Gormley Ln, Butler Boro, NJ have?: Records show 1 dwelling unit at 48 Gormley Ln, Butler Boro, NJ.
What kind of property is 48 Gormley Ln, Butler Boro, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1962.

Sales history

6/16/2016$270,000
taxrecords_njBk 22925 / Pg 780
5/27/2016$270,000
MOD-IV (Rutgers)Bk 22925 / Pg 780

Date	Price	Book / Page	Source
6/16/2016	$270,000	22925 / 780	taxrecords_nj
5/27/2016	$270,000	22925 / 780	MOD-IV (Rutgers)