When was 53 Drake Way, Mount Olive Twp, NJ last sold?

The most recent recorded sale was in 2020 for $557,684.

What is the assessed value of 53 Drake Way, Mount Olive Twp, NJ?

The total municipal assessment is $433,500 (land plus improvements).

What is 53 Drake Way, Mount Olive Twp, NJ worth?

Our model estimates a market value of $835,507, derived from comparable recorded sales nearby.

What kind of property is 53 Drake Way, Mount Olive Twp, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 2020.

parceldata.nj

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

53 Drake Way

Mount Olive Twp, NJ 07836·Morris County

1427·block 6000·lot 5.214

$835,507estimated value

Last sale

$557,684

11/4/2020 · taxrecords_nj

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

2020

Building size

2,115 sq ft

Lot size

0.00 ac

Land description

—

Building description

—

Dwelling / commercial units

—

Tax & Assessment

Net assessed value

$433,500

Land value

$210,000

Improvement value

$223,500

Last year's tax

$14,674

Last MOD-IV sale

$557,684

MOD-IV deed date

10/12/2020

Owner mailing address

53 DRAKE WAY
FLANDERS, NJ 07836

Estimated market value

$835,507

range $775,900 – $895,113

moderate confidence

Assessment-implied: $655,626; Director's Ratio 0.6612 (2025)
Comp-implied: $851,418; 30 comparable sales

Estimated value, last 11 years

2016: $450,849 → 2026: $835,507

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
51 Drake Way
Lot 5.213·$417,400
55 Drake Way
Lot 5.215·$426,700

Block 6000All of Block 6000 →

Debug — raw data per source

Computed

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

MOD-IV

{
  "pams_pin": "1427_6000_5.214",
  "county_code": "14",
  "district_code": "27",
  "block": "6000",
  "lot": "5.214",
  "qualifier": "",
  "property_location": "53 DRAKE WAY",
  "property_class": "2",
  "bldg_class": "17",
  "bldg_desc": null,
  "land_desc": null,
  "year_built": 2020,
  "living_sqft": 2115,
  "dwelling_units": null,
  "comm_dwell": null,
  "land_value_cents": "21000000",
  "improvement_value_cents": "22350000",
  "net_value_cents": "43350000",
  "last_yr_tx_cents": "1467398",
  "deed_date": "2020-10-12",
  "deed_book": "23920",
  "deed_page": "900",
  "sale_price_cents": "55768400",
  "sales_code": null,
  "owner_mailing_street": "53 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": -74.69739487015883,
  "centroid_lat": 40.826958559959586
}

SR1A

[
  {
    "id": "bd81ea6d-7c47-4b2a-8b81-0d9c92799849",
    "property_id": "5c4e2487-14d8-4a77-98d2-999a072c3158",
    "county_code": "14",
    "district_code": "27",
    "block": "6000",
    "lot": "5.214",
    "qualifier": "",
    "deed_book": "23920",
    "deed_page": "900",
    "deed_date": "2020-10-12",
    "date_recorded": "2020-11-04",
    "sale_price_cents": "55768400",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "4e438adf-b0f2-485a-aec7-9601ce2edec0",
    "property_id": "5c4e2487-14d8-4a77-98d2-999a072c3158",
    "county_code": "14",
    "district_code": "27",
    "block": "6000",
    "lot": "5.214",
    "qualifier": "",
    "deed_book": "23920",
    "deed_page": "900",
    "deed_date": "2020-10-12",
    "date_recorded": "2020-10-12",
    "sale_price_cents": "55768400",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 53 Drake Way, Mount Olive Twp, NJ last sold?: The most recent recorded sale was in 2020 for $557,684.
What is the assessed value of 53 Drake Way, Mount Olive Twp, NJ?: The total municipal assessment is $433,500 (land plus improvements).
What is 53 Drake Way, Mount Olive Twp, NJ worth?: Our model estimates a market value of $835,507, derived from comparable recorded sales nearby.
What kind of property is 53 Drake Way, Mount Olive Twp, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 2020.

Sales history

11/4/2020$557,684
taxrecords_njBk 23920 / Pg 900
10/12/2020$557,684
MOD-IV (Rutgers)Bk 23920 / Pg 900

Date	Price	Book / Page	Source
11/4/2020	$557,684	23920 / 900	taxrecords_nj
10/12/2020	$557,684	23920 / 900	MOD-IV (Rutgers)