When was 015 Melrose Rd, Mountain Lakes Boro, NJ last sold?

The most recent recorded sale was in 2009 for $1,195,000.

What is the assessed value of 015 Melrose Rd, Mountain Lakes Boro, NJ?

The total municipal assessment is $1,458,600 (land plus improvements).

What is 015 Melrose Rd, Mountain Lakes Boro, NJ worth?

Our model estimates a market value of $1,893,730, derived from comparable recorded sales nearby.

How many units does 015 Melrose Rd, Mountain Lakes Boro, NJ have?

Records show 1 dwelling unit at 015 Melrose Rd, Mountain Lakes Boro, NJ.

What kind of property is 015 Melrose Rd, Mountain Lakes Boro, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1915.

parceldata.nj

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015 Melrose Rd, Mountain Lakes Boro, NJ — owner, sales, deeds · parceldata

015 Melrose Rd

Mountain Lakes Boro, NJ·Morris County

1425·block 65·lot 10

$1,893,730estimated value

Last sale

$1,195,000

1/7/2010 · taxrecords_nj

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1915

Building size

4,512 sq ft

Lot size

0.65 ac

Land description

.654 AC

Building description

2SS

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$1,458,600

Land value

$545,000

Improvement value

$913,600

Last year's tax

$32,403

Last MOD-IV sale

$1,195,000

MOD-IV deed date

12/8/2009

Owner mailing address

15 MELROSE RD
MOUNTAIN LAKES, NJ 07046

Estimated market value

$1,893,730

range $1,574,361 – $2,102,811

high confidence

Assessment-implied: $1,666,781; Director's Ratio 0.8751 (2025)
Comp-implied: $1,969,380; 30 comparable sales

Estimated value, last 11 years

2016: $1,818,946 → 2026: $1,893,730

Based on 30 comparable sales

Address	Sold	Price
071 Ball Rd

Bordering

200-ft notice list →

001 Melrose Rd
Lot 13·$558,800
010 Hanover Rd
Lot 21·$1,325,900
020 Hanover Rd
Lot 23·$821,000
021 Melrose Rd
Lot 8·$1,482,700

Block 65All of Block 65 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 0,
  "portfolioKeys": {
    "fullKeys": [
      "15 MELROSE RD MOUNTAIN LAKES NJ 07046"
    ],
    "zipKeys": [
      "15 MELROSE RD 07046"
    ]
  },
  "effective_unit_count": 1,
  "effective_unit_count_source": "MOD-IV"
}

MOD-IV

{
  "pams_pin": "1425_65_10",
  "county_code": "14",
  "district_code": "25",
  "block": "65",
  "lot": "10",
  "qualifier": "",
  "property_location": "015 MELROSE RD",
  "property_class": "2",
  "bldg_class": "19",
  "bldg_desc": "2SS",
  "land_desc": ".654 AC",
  "year_built": 1915,
  "living_sqft": 4512,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "54500000",
  "improvement_value_cents": "91360000",
  "net_value_cents": "145860000",
  "last_yr_tx_cents": "3240277",
  "deed_date": "2009-12-08",
  "deed_book": "21468",
  "deed_page": "708",
  "sale_price_cents": "119500000",
  "sales_code": null,
  "owner_mailing_street": "15 MELROSE RD",
  "owner_mailing_city_state_zip": "MOUNTAIN LAKES, NJ  07046",
  "mun_name": "MOUNTAIN LAKES BORO",
  "calc_acre": "0.654000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.42441422936444,
  "centroid_lat": 40.90149967024229
}

SR1A

[
  {
    "id": "033a9fc5-352a-4629-a403-2c379adc21a3",
    "property_id": "15366ced-dd0b-4f5b-b4a8-361af8fc048e",
    "county_code": "14",
    "district_code": "25",
    "block": "65",
    "lot": "10",
    "qualifier": "",
    "deed_book": "21468",
    "deed_page": "708",
    "deed_date": "2009-12-08",
    "date_recorded": "2010-01-07",
    "sale_price_cents": "119500000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "a416928e-1091-4b78-9206-482d37985200",
    "property_id": "15366ced-dd0b-4f5b-b4a8-361af8fc048e",
    "county_code": "14",
    "district_code": "25",
    "block": "65",
    "lot": "10",
    "qualifier": "",
    "deed_book": "21468",
    "deed_page": "708",
    "deed_date": "2009-12-08",
    "date_recorded": "2009-12-08",
    "sale_price_cents": "119500000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "8294b3d1-bdef-48be-a0b1-6873ae03e6c2",
    "property_id": "15366ced-dd0b-4f5b-b4a8-361af8fc048e",
    "county_code": "14",
    "district_code": "25",
    "block": "65",
    "lot": "10",
    "qualifier": "",
    "deed_book": "4114",
    "deed_page": "22",
    "deed_date": "1994-12-14",
    "date_recorded": "1994-12-28",
    "sale_price_cents": "45000000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "483508c5-813a-4e46-af86-768b3cb8d8bd",
    "property_id": "15366ced-dd0b-4f5b-b4a8-361af8fc048e",
    "county_code": "14",
    "district_code": "25",
    "block": "65",
    "lot": "10",
    "qualifier": "",
    "deed_book": "4114",
    "deed_page": "22",
    "deed_date": "1994-12-14",
    "date_recorded": "1994-12-14",
    "sale_price_cents": "45000000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 015 Melrose Rd, Mountain Lakes Boro, NJ last sold?: The most recent recorded sale was in 2009 for $1,195,000.
What is the assessed value of 015 Melrose Rd, Mountain Lakes Boro, NJ?: The total municipal assessment is $1,458,600 (land plus improvements).
What is 015 Melrose Rd, Mountain Lakes Boro, NJ worth?: Our model estimates a market value of $1,893,730, derived from comparable recorded sales nearby.
How many units does 015 Melrose Rd, Mountain Lakes Boro, NJ have?: Records show 1 dwelling unit at 015 Melrose Rd, Mountain Lakes Boro, NJ.
What kind of property is 015 Melrose Rd, Mountain Lakes Boro, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1915.

Sales history

1/7/2010$1,195,000
taxrecords_njBk 21468 / Pg 708
12/8/2009$1,195,000
MOD-IV (Rutgers)Bk 21468 / Pg 708
12/28/1994$450,000
taxrecords_njBk 4114 / Pg 22
12/14/1994$450,000
MOD-IV (Rutgers)Bk 4114 / Pg 22

Date	Price	Book / Page	Source
1/7/2010	$1,195,000	21468 / 708	taxrecords_nj
12/8/2009	$1,195,000	21468 / 708	MOD-IV (Rutgers)
12/28/1994	$450,000	4114 / 22	taxrecords_nj
12/14/1994	$450,000	4114 / 22	MOD-IV (Rutgers)