When was 7 Drake Way, Mount Olive Twp, NJ last sold?

The most recent recorded sale was in 2022 for $935,000.

What is the assessed value of 7 Drake Way, Mount Olive Twp, NJ?

The total municipal assessment is $558,200 (land plus improvements).

What is 7 Drake Way, Mount Olive Twp, NJ worth?

Our model estimates a market value of $1,049,111, derived from comparable recorded sales nearby.

What kind of property is 7 Drake Way, Mount Olive Twp, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 2015.

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

7 Drake Way

Mount Olive Twp, NJ 07836·Morris County

1427·block 6000·lot 5.096

$1,049,111estimated value

Last sale

$935,000

1/6/2023 · taxrecords_nj

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

2015

Building size

3,863 sq ft

Lot size

0.00 ac

Land description

—

Building description

—

Dwelling / commercial units

—

Tax & Assessment

Net assessed value

$558,200

Land value

$210,000

Improvement value

$348,200

Last year's tax

$18,895

Last MOD-IV sale

$935,000

MOD-IV deed date

12/15/2022

Owner mailing address

7 DRAKE WAY
FLANDERS, NJ 07836

Estimated market value

$1,049,111

range $968,179 – $1,145,746

high confidence

Assessment-implied: $844,223; Director's Ratio 0.6612 (2025)
Comp-implied: $933,540; 30 comparable sales

Estimated value, last 11 years

2016: $566,196 → 2026: $1,049,111

dots are actual sale prices for this property

Based on 30 comparable sales

Address	Sold	Price
48 Silas Road

Bordering

200-ft notice list →

1 Marveland Blvd
Lot 5.002·$100
1 Drake Way
Lot 5.093·$1,500
5 Drake Way
Lot 5.095·$512,200
9 Drake Way
Lot 5.097·$506,900

Block 6000All of Block 6000 →

Debug — raw data per source

Computed

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

MOD-IV

{
  "pams_pin": "1427_6000_5.096",
  "county_code": "14",
  "district_code": "27",
  "block": "6000",
  "lot": "5.096",
  "qualifier": "",
  "property_location": "7 DRAKE WAY",
  "property_class": "2",
  "bldg_class": "17",
  "bldg_desc": null,
  "land_desc": null,
  "year_built": 2015,
  "living_sqft": 3863,
  "dwelling_units": null,
  "comm_dwell": null,
  "land_value_cents": "21000000",
  "improvement_value_cents": "34820000",
  "net_value_cents": "55820000",
  "last_yr_tx_cents": "1889507",
  "deed_date": "2022-12-15",
  "deed_book": "24551",
  "deed_page": "730",
  "sale_price_cents": "93500000",
  "sales_code": null,
  "owner_mailing_street": "7 DRAKE WAY",
  "owner_mailing_city_state_zip": "FLANDERS, NJ  07836",
  "mun_name": "MOUNT OLIVE TWP",
  "calc_acre": "0.000000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.6967348602533,
  "centroid_lat": 40.83138504683041
}

SR1A

[
  {
    "id": "758ae2da-abc0-4c20-8f1c-e90fcfca4b8e",
    "property_id": "9067ab6f-7e81-4a9d-9fa5-c77bebc00222",
    "county_code": "14",
    "district_code": "27",
    "block": "6000",
    "lot": "5.096",
    "qualifier": "",
    "deed_book": "24551",
    "deed_page": "730",
    "deed_date": "2022-12-15",
    "date_recorded": "2023-01-06",
    "sale_price_cents": "93500000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "488b3bd0-1eac-439d-b403-d3674e93c39a",
    "property_id": "9067ab6f-7e81-4a9d-9fa5-c77bebc00222",
    "county_code": "14",
    "district_code": "27",
    "block": "6000",
    "lot": "5.096",
    "qualifier": "",
    "deed_book": "24551",
    "deed_page": "730",
    "deed_date": "2022-12-15",
    "date_recorded": "2022-12-15",
    "sale_price_cents": "93500000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "12a08ada-69a3-42ff-9bfd-a195a30ff0c9",
    "property_id": "9067ab6f-7e81-4a9d-9fa5-c77bebc00222",
    "county_code": "14",
    "district_code": "27",
    "block": "6000",
    "lot": "5.096",
    "qualifier": "",
    "deed_book": "24316",
    "deed_page": "1834",
    "deed_date": "2021-10-06",
    "date_recorded": "2022-01-12",
    "sale_price_cents": "89300400",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "67dcc2cc-57d5-4a99-b2d2-c036ecfe081c",
    "property_id": "9067ab6f-7e81-4a9d-9fa5-c77bebc00222",
    "county_code": "14",
    "district_code": "27",
    "block": "6000",
    "lot": "5.096",
    "qualifier": "",
    "deed_book": "24316",
    "deed_page": "1834",
    "deed_date": "2021-10-06",
    "date_recorded": "2021-10-06",
    "sale_price_cents": "89300400",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 7 Drake Way, Mount Olive Twp, NJ last sold?: The most recent recorded sale was in 2022 for $935,000.
What is the assessed value of 7 Drake Way, Mount Olive Twp, NJ?: The total municipal assessment is $558,200 (land plus improvements).
What is 7 Drake Way, Mount Olive Twp, NJ worth?: Our model estimates a market value of $1,049,111, derived from comparable recorded sales nearby.
What kind of property is 7 Drake Way, Mount Olive Twp, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 2015.

Sales history

1/6/2023$935,000
taxrecords_njBk 24551 / Pg 730
12/15/2022$935,000
MOD-IV (Rutgers)Bk 24551 / Pg 730
1/12/2022$893,004
taxrecords_njBk 24316 / Pg 1834
10/6/2021$893,004
MOD-IV (Rutgers)Bk 24316 / Pg 1834

Date	Price	Book / Page	Source
1/6/2023	$935,000	24551 / 730	taxrecords_nj
12/15/2022	$935,000	24551 / 730	MOD-IV (Rutgers)
1/12/2022	$893,004	24316 / 1834	taxrecords_nj
10/6/2021	$893,004	24316 / 1834	MOD-IV (Rutgers)