When was 88 Drake Way, Mount Olive Twp, NJ last sold?

The most recent recorded sale was in 2021 for $762,313.

What is the assessed value of 88 Drake Way, Mount Olive Twp, NJ?

The total municipal assessment is $437,300 (land plus improvements).

What is 88 Drake Way, Mount Olive Twp, NJ worth?

Our model estimates a market value of $701,913, derived from comparable recorded sales nearby.

What kind of property is 88 Drake Way, Mount Olive Twp, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 2021.

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88 Drake Way, Mount Olive Twp, NJ — owner, sales, deeds · parceldata

88 Drake Way

Mount Olive Twp, NJ 07836·Morris County

1427·block 6000·lot 5.044

$701,913estimated value

Last sale

$762,313

5/25/2021 · taxrecords_nj

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

2021

Building size

2,913 sq ft

Lot size

0.15 ac

Land description

—

Building description

—

Dwelling / commercial units

—

Tax & Assessment

Net assessed value

$437,300

Land value

$151,100

Improvement value

$286,200

Last year's tax

$14,803

Last MOD-IV sale

$762,313

MOD-IV deed date

5/10/2021

Owner mailing address

88 DRAKE WAY
FLANDERS, NJ 07836

Estimated market value

$701,913

range $626,231 – $932,901

high confidence

Assessment-implied: $661,373; Director's Ratio 0.6612 (2025)
Comp-implied: $240,000; 30 comparable sales

Estimated value, last 11 years

2016: $378,760 → 2026: $701,913

dots are actual sale prices for this property

Based on 30 comparable sales

Address	Sold	Price
48 Silas Road	4/27/2026	$555,000
17 Amos Way	4/22/2026	$649,990

Bordering

200-ft notice list →

1 Marveland Blvd
Lot 5.002·$100
86 Drake Way
Lot 5.043·$423,300
90 Drake Way
Lot 5.045·$530,500
70 Drake Way
Lot 5.301·$6,900

Block 6000All of Block 6000 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 0,
  "portfolioKeys": {
    "fullKeys": [
      "88 DRAKE WAY FLANDERS NJ 07836"
    ],
    "zipKeys": [
      "88 DRAKE WAY 07836"
    ]
  },
  "effective_unit_count": null,
  "effective_unit_count_source": "none"
}

MOD-IV

{
  "pams_pin": "1427_6000_5.044",
  "county_code": "14",
  "district_code": "27",
  "block": "6000",
  "lot": "5.044",
  "qualifier": "",
  "property_location": "88 DRAKE WAY",
  "property_class": "2",
  "bldg_class": "17",
  "bldg_desc": null,
  "land_desc": null,
  "year_built": 2021,
  "living_sqft": 2913,
  "dwelling_units": null,
  "comm_dwell": null,
  "land_value_cents": "15110000",
  "improvement_value_cents": "28620000",
  "net_value_cents": "43730000",
  "last_yr_tx_cents": "1480261",
  "deed_date": "2021-05-10",
  "deed_book": "24138",
  "deed_page": "1320",
  "sale_price_cents": "76231300",
  "sales_code": null,
  "owner_mailing_street": "88 DRAKE WAY",
  "owner_mailing_city_state_zip": "FLANDERS, NJ  07836",
  "mun_name": "MOUNT OLIVE TWP",
  "calc_acre": "0.153100",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.69777592647414,
  "centroid_lat": 40.828045644583945
}

SR1A

[
  {
    "id": "7a86945b-4435-464b-9b46-f9fcd2ec4f29",
    "property_id": "c3b8bf3c-75ba-4be7-8490-3561ac05ae35",
    "county_code": "14",
    "district_code": "27",
    "block": "6000",
    "lot": "5.044",
    "qualifier": "",
    "deed_book": "24138",
    "deed_page": "1320",
    "deed_date": "2021-05-10",
    "date_recorded": "2021-05-25",
    "sale_price_cents": "76231300",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "8229e07e-9aff-4be7-b003-bae81086c248",
    "property_id": "c3b8bf3c-75ba-4be7-8490-3561ac05ae35",
    "county_code": "14",
    "district_code": "27",
    "block": "6000",
    "lot": "5.044",
    "qualifier": "",
    "deed_book": "24138",
    "deed_page": "1320",
    "deed_date": "2021-05-10",
    "date_recorded": "2021-05-10",
    "sale_price_cents": "76231300",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 88 Drake Way, Mount Olive Twp, NJ last sold?: The most recent recorded sale was in 2021 for $762,313.
What is the assessed value of 88 Drake Way, Mount Olive Twp, NJ?: The total municipal assessment is $437,300 (land plus improvements).
What is 88 Drake Way, Mount Olive Twp, NJ worth?: Our model estimates a market value of $701,913, derived from comparable recorded sales nearby.
What kind of property is 88 Drake Way, Mount Olive Twp, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 2021.

Sales history

5/25/2021$762,313
taxrecords_njBk 24138 / Pg 1320
5/10/2021$762,313
MOD-IV (Rutgers)Bk 24138 / Pg 1320

Date	Price	Book / Page	Source
5/25/2021	$762,313	24138 / 1320	taxrecords_nj
5/10/2021	$762,313	24138 / 1320	MOD-IV (Rutgers)