When was 516 Drakestown Rd, Mount Olive Twp, NJ last sold?

The most recent recorded sale was in 2006 for $1.

What is the assessed value of 516 Drakestown Rd, Mount Olive Twp, NJ?

The total municipal assessment is $286,000 (land plus improvements).

What is 516 Drakestown Rd, Mount Olive Twp, NJ worth?

Our model estimates a market value of $574,068, derived from comparable recorded sales nearby.

How many units does 516 Drakestown Rd, Mount Olive Twp, NJ have?

Records show 1 dwelling unit at 516 Drakestown Rd, Mount Olive Twp, NJ.

What kind of property is 516 Drakestown Rd, Mount Olive Twp, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1978.

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516 Drakestown Rd, Mount Olive Twp, NJ — owner, sales, deeds · parceldata

516 Drakestown Rd

Mount Olive Twp, NJ 07853·Morris County

1427·block 7000·lot 17

$574,068estimated value

Last sale

9/12/2006 · taxrecords_nj

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1978

Building size

1,904 sq ft

Lot size

1.10 ac

Land description

1.05 AC

Building description

1SF-2AG POOL

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$286,000

Land value

$146,900

Improvement value

$139,100

Last year's tax

$9,967

Last MOD-IV sale

MOD-IV deed date

7/26/2006

Owner mailing address

516 DRAKESTOWN RD
LONG VALLEY, NJ 07853

Estimated market value

$574,068

range $530,571 – $622,019

low confidence

Assessment-implied: $432,547; Director's Ratio 0.6612 (2025)
Comp-implied: $621,242; 30 comparable sales

Estimated value, last 11 years

2016: $309,774 → 2026: $574,068

Bordering

200-ft notice list →

1 Cathy Ln
Lot 14.12·$534,500
518 Drakestown Rd
Lot 16·$326,500
514 Drakestown Rd
Lot 18·$386,000
514 Drakestown Rd
Lot 18/QFARM·$2,700

Block 7000All of Block 7000 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 0,
  "portfolioKeys": {
    "fullKeys": [
      "516 DRAKESTOWN RD LONG VALLEY NJ 07853"
    ],
    "zipKeys": [
      "516 DRAKESTOWN RD 07853"
    ]
  },
  "effective_unit_count": 1,
  "effective_unit_count_source": "MOD-IV"
}

MOD-IV

{
  "pams_pin": "1427_7000_17",
  "county_code": "14",
  "district_code": "27",
  "block": "7000",
  "lot": "17",
  "qualifier": "",
  "property_location": "516 DRAKESTOWN RD",
  "property_class": "2",
  "bldg_class": "16",
  "bldg_desc": "1SF-2AG POOL",
  "land_desc": "1.05 AC",
  "year_built": 1978,
  "living_sqft": 1904,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "14690000",
  "improvement_value_cents": "13910000",
  "net_value_cents": "28600000",
  "last_yr_tx_cents": "996710",
  "deed_date": "2006-07-26",
  "deed_book": "20616",
  "deed_page": "315",
  "sale_price_cents": "100",
  "sales_code": null,
  "owner_mailing_street": "516 DRAKESTOWN RD",
  "owner_mailing_city_state_zip": "LONG VALLEY, NJ  07853",
  "mun_name": "MOUNT OLIVE TWP",
  "calc_acre": "1.101900",
  "add_lots1": null,
  "add_lots2": "61 DRAKESTOWN RD",
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.73470841123066,
  "centroid_lat": 40.8264228409306
}

SR1A

[
  {
    "id": "7141ae5d-e9db-4b7c-bdf2-b790dc1a8ed7",
    "property_id": "260b5597-081d-40b6-946b-808d883d1fbb",
    "county_code": "14",
    "district_code": "27",
    "block": "7000",
    "lot": "17",
    "qualifier": "",
    "deed_book": "20616",
    "deed_page": "315",
    "deed_date": "2006-07-26",
    "date_recorded": "2006-09-12",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "a37a4965-2479-4512-a6d7-45c91e49b0e9",
    "property_id": "260b5597-081d-40b6-946b-808d883d1fbb",
    "county_code": "14",
    "district_code": "27",
    "block": "7000",
    "lot": "17",
    "qualifier": "",
    "deed_book": "20616",
    "deed_page": "315",
    "deed_date": "2006-07-26",
    "date_recorded": "2006-07-26",
    "sale_price_cents": "100",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "a065f37b-5f8f-4614-b271-aab9ac4ee4f0",
    "property_id": "260b5597-081d-40b6-946b-808d883d1fbb",
    "county_code": "14",
    "district_code": "27",
    "block": "7000",
    "lot": "17",
    "qualifier": "",
    "deed_book": "6008",
    "deed_page": "254",
    "deed_date": "2004-01-09",
    "date_recorded": "2004-01-26",
    "sale_price_cents": "7396700",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "9da21bd2-c610-4d7f-a618-f9a8548b2b0e",
    "property_id": "260b5597-081d-40b6-946b-808d883d1fbb",
    "county_code": "14",
    "district_code": "27",
    "block": "7000",
    "lot": "17",
    "qualifier": "",
    "deed_book": "6008",
    "deed_page": "254",
    "deed_date": "2004-01-09",
    "date_recorded": "2004-01-09",
    "sale_price_cents": "7396700",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "9a993269-187b-4e5b-8d27-2a89d2b29068",
    "property_id": "260b5597-081d-40b6-946b-808d883d1fbb",
    "county_code": "14",
    "district_code": "27",
    "block": "7000",
    "lot": "17",
    "qualifier": "",
    "deed_book": "4337",
    "deed_page": "21",
    "deed_date": "1996-02-26",
    "date_recorded": "1996-02-29",
    "sale_price_cents": "18400000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "8016ec3e-dcd8-4e03-bf94-05bd82ab7e3a",
    "property_id": "260b5597-081d-40b6-946b-808d883d1fbb",
    "county_code": "14",
    "district_code": "27",
    "block": "7000",
    "lot": "17",
    "qualifier": "",
    "deed_book": "4337",
    "deed_page": "21",
    "deed_date": "1996-02-26",
    "date_recorded": "1996-02-26",
    "sale_price_cents": "18400000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "e91dd3b8-ae49-4daa-9a5d-187f15837d13",
    "property_id": "260b5597-081d-40b6-946b-808d883d1fbb",
    "county_code": "14",
    "district_code": "27",
    "block": "7000",
    "lot": "17",
    "qualifier": "",
    "deed_book": "3700",
    "deed_page": "13",
    "deed_date": "1992-12-04",
    "date_recorded": "1992-12-04",
    "sale_price_cents": "0",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  },
  {
    "id": "e375e9dd-4783-4644-b870-9ad64ad34ed2",
    "property_id": "260b5597-081d-40b6-946b-808d883d1fbb",
    "county_code": "14",
    "district_code": "27",
    "block": "7000",
    "lot": "17",
    "qualifier": "",
    "deed_book": "3565",
    "deed_page": "292",
    "deed_date": "1992-03-05",
    "date_recorded": "1992-03-05",
    "sale_price_cents": "15300000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 516 Drakestown Rd, Mount Olive Twp, NJ last sold?: The most recent recorded sale was in 2006 for $1.
What is the assessed value of 516 Drakestown Rd, Mount Olive Twp, NJ?: The total municipal assessment is $286,000 (land plus improvements).
What is 516 Drakestown Rd, Mount Olive Twp, NJ worth?: Our model estimates a market value of $574,068, derived from comparable recorded sales nearby.
How many units does 516 Drakestown Rd, Mount Olive Twp, NJ have?: Records show 1 dwelling unit at 516 Drakestown Rd, Mount Olive Twp, NJ.
What kind of property is 516 Drakestown Rd, Mount Olive Twp, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1978.

Based on 30 comparable sales

Address	Sold	Price
10 Clarks Ln	3/27/2026	$575,000
10 Budd Lake Heights Rd	2/5/2026	$390,000
6 Mountain Ave	1/16/2026	$360,000
72 Flanders-Drakestown Rd	1/15/2026	$610,000
1 Bridle Ln	12/26/2025	$500,000
5 Francis Ter	12/15/2025	$565,000
120 Route 206	11/20/2025	$560,000
348 River Rd	11/10/2025	$605,000
1 Lisa Dr	10/28/2025	$525,000
161 Mt Olive Rd	9/25/2025	$680,000
8 Old Township Rd	9/25/2025	$482,000
8 Kevin Dr	9/24/2025	$725,000
2 Kerry Pl	9/23/2025	$740,000
29 Tinc Rd	8/26/2025	$684,000
18 Bridle Ln	7/25/2025	$660,000
16 Edward Dr	7/21/2025	$610,000
31 Tinc Rd	7/17/2025	$550,000
196 Sand Shore Rd	7/16/2025	$615,000
188 Flanders-Drakestown R	6/23/2025	$660,000
4 Theresa Dr	6/12/2025	$781,000
312 Sand Shore Rd	6/10/2025	$650,000
128 Route 206	6/3/2025	$404,992
15 Hermanne Dr	5/9/2025	$545,900
21 Tinc Rd	1/17/2025	$541,000
10 Beaver Ln	1/13/2025	$725,000
126 Route 206	12/19/2024	$442,250
4 Lisa Dr	11/14/2024	$605,000
10 Camp Pulaski Rd	10/7/2024	$630,000
169 River Rd	10/1/2024	$505,000
6 Belle CT	9/24/2024	$440,000

Sales history

9/12/2006$1
taxrecords_njBk 20616 / Pg 315
7/26/2006$1
MOD-IV (Rutgers)Bk 20616 / Pg 315
1/26/2004$73,967
taxrecords_njBk 6008 / Pg 254
1/9/2004$73,967
MOD-IV (Rutgers)Bk 6008 / Pg 254
2/29/1996$184,000
taxrecords_njBk 4337 / Pg 21
2/26/1996$184,000
MOD-IV (Rutgers)Bk 4337 / Pg 21
12/4/1992$0
MOD-IV (Rutgers)Bk 3700 / Pg 13
3/5/1992$153,000
MOD-IV (Rutgers)Bk 3565 / Pg 292

Date	Price	Book / Page	Source
9/12/2006	$1	20616 / 315	taxrecords_nj
7/26/2006	$1	20616 / 315	MOD-IV (Rutgers)
1/26/2004	$73,967	6008 / 254	taxrecords_nj
1/9/2004	$73,967	6008 / 254	MOD-IV (Rutgers)
2/29/1996	$184,000	4337 / 21	taxrecords_nj
2/26/1996	$184,000	4337 / 21	MOD-IV (Rutgers)
12/4/1992	$0	3700 / 13	MOD-IV (Rutgers)
3/5/1992	$153,000	3565 / 292	MOD-IV (Rutgers)