When was 40 Gormley Ln, Butler Boro, NJ last sold?

The most recent recorded sale was in 2001 for $264,000.

What is the assessed value of 40 Gormley Ln, Butler Boro, NJ?

The total municipal assessment is $495,900 (land plus improvements).

What is 40 Gormley Ln, Butler Boro, NJ worth?

Our model estimates a market value of $559,735, derived from comparable recorded sales nearby.

How many units does 40 Gormley Ln, Butler Boro, NJ have?

Records show 1 dwelling unit at 40 Gormley Ln, Butler Boro, NJ.

What kind of property is 40 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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40 Gormley Ln, Butler Boro, NJ — owner, sales, deeds · parceldata

40 Gormley Ln

Butler Boro, NJ 07405·Morris County

1403·block 74·lot 3

$559,735estimated value

Last sale

$264,000

7/13/2001 · taxrecords_nj

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1962

Building size

1,509 sq ft

Lot size

0.30 ac

Land description

93X140

Building description

1S-AL-R-1U

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$495,900

Land value

$279,200

Improvement value

$216,700

Last year's tax

$11,329

Last MOD-IV sale

$264,000

MOD-IV deed date

6/28/2001

Owner mailing address

40 GORMLEY LN
BUTLER, NJ 07405

Estimated market value

$559,735

range $495,218 – $645,194

high confidence

Assessment-implied: $570,000; Director's Ratio 0.8700 (2025)
Comp-implied: $556,313; 30 comparable sales

Estimated value, last 11 years

2016: $315,937 → 2026: $559,735

Based on 30 comparable sales

Address	Sold	Price
60 Brown Ave	4/14/2026	$640,000
19 Ogden Ter	4/8/2026	$575,000

Bordering

200-ft notice list →

44 Gormley Ln
Lot 2·$420,700
50 Gormley Ln
Lot 23·$399,500
36 Gormley Ln
Lot 4·$474,700

Block 74All of Block 74 →

Debug — raw data per source

Computed

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

MOD-IV

{
  "pams_pin": "1403_74_3",
  "county_code": "14",
  "district_code": "03",
  "block": "74",
  "lot": "3",
  "qualifier": "",
  "property_location": "40 GORMLEY LN",
  "property_class": "2",
  "bldg_class": "17",
  "bldg_desc": "1S-AL-R-1U",
  "land_desc": "93X140",
  "year_built": 1962,
  "living_sqft": 1509,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "27920000",
  "improvement_value_cents": "21670000",
  "net_value_cents": "49590000",
  "last_yr_tx_cents": "1132889",
  "deed_date": "2001-06-28",
  "deed_book": "5413",
  "deed_page": "139",
  "sale_price_cents": "26400000",
  "sales_code": null,
  "owner_mailing_street": "40 GORMLEY LN",
  "owner_mailing_city_state_zip": "BUTLER, NJ  07405",
  "mun_name": "BUTLER BORO",
  "calc_acre": "0.299000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.35311055192848,
  "centroid_lat": 40.98520327400657
}

SR1A

[
  {
    "id": "270a43e1-96be-4e47-a057-4426b788fc69",
    "property_id": "20923922-5bb9-45b1-b6f1-247c0f0d8aa0",
    "county_code": "14",
    "district_code": "03",
    "block": "74",
    "lot": "3",
    "qualifier": "",
    "deed_book": "5413",
    "deed_page": "139",
    "deed_date": "2001-06-28",
    "date_recorded": "2001-07-13",
    "sale_price_cents": "26400000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "e4ffab85-93f8-45b8-999f-78087f321506",
    "property_id": "20923922-5bb9-45b1-b6f1-247c0f0d8aa0",
    "county_code": "14",
    "district_code": "03",
    "block": "74",
    "lot": "3",
    "qualifier": "",
    "deed_book": "5413",
    "deed_page": "139",
    "deed_date": "2001-06-28",
    "date_recorded": "2001-06-28",
    "sale_price_cents": "26400000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 40 Gormley Ln, Butler Boro, NJ last sold?: The most recent recorded sale was in 2001 for $264,000.
What is the assessed value of 40 Gormley Ln, Butler Boro, NJ?: The total municipal assessment is $495,900 (land plus improvements).
What is 40 Gormley Ln, Butler Boro, NJ worth?: Our model estimates a market value of $559,735, derived from comparable recorded sales nearby.
How many units does 40 Gormley Ln, Butler Boro, NJ have?: Records show 1 dwelling unit at 40 Gormley Ln, Butler Boro, NJ.
What kind of property is 40 Gormley Ln, Butler Boro, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1962.

Sales history

7/13/2001$264,000
taxrecords_njBk 5413 / Pg 139
6/28/2001$264,000
MOD-IV (Rutgers)Bk 5413 / Pg 139

Date	Price	Book / Page	Source
7/13/2001	$264,000	5413 / 139	taxrecords_nj
6/28/2001	$264,000	5413 / 139	MOD-IV (Rutgers)