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Single Family ResidenceResidential
$463,097$523 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 95How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $280,000 on Nov 4, 2019

48 TERRACE AVE

BUTLER, NJ 07405
0
Baths
886 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.11 ac
Lot SizeThe size of the land the home sits on, from county records.
1950
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Valuation

$463K
$441K low$485K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$280,000 · Nov 4, 2019

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$6,607 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$363,400 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$260,400
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$103,000
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$288,700
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$363,400

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Ranch
CountyMORRIS
Lot (acres)The size of the land the home sits on, from county records.0.11
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(2)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Aaron Decker SchoolB-
Elementary · Grades PK–4 · 0.3 mi
H
Butler High SchoolB-
High · Grades 9–12 · 1.2 mi
M
Richard Butler SchoolB
Middle · Grades 5–8 · 1.3 mi

District: Butler Borough School District

Neighborhood · ZIP 07405These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.72
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.103
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.107

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.39%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.4.8%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.3%
PopulationHow many people live in this area.18,807
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.822 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$138,382
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$163,923
Average tempThe average temperature here across a full year.49°F
Annual precipHow much rain and melted snow falls here in a typical year.52 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.56%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

48 Terrace Ave measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 91% of homes in Butler 07405
  • Costs more per square foot than 97% of homes in Butler 07405
  • Smaller than 97% of homes in Butler 07405
  • Has a smaller lot than 98% of homes in Butler 07405
  • Older than 77% of homes in Butler 07405

What homes are worth in Butler 07405

Each bar is how many homes fall in that price range. The marker is this home.

This home
$362K$1.6M

This home is worth more than 9% of homes in Butler 07405.

How it measures up in Butler 07405

The dot is this home. The mark in the middle is the typical home in Butler 07405.

Estimated value$463,097
CheaperTypical $689,569Pricier

Pricier than 9% of homes nearby

Price per ft²$523
CheaperTypical $334Pricier

Pricier than 97% of homes nearby

Living area886 ft²
SmallerTypical 2,065 ft²Bigger

Bigger than 3% of homes nearby

Lot size0.11 ac
SmallerTypical 0.45 acBigger

Bigger than 2% of homes nearby

Year built1950
OlderTypical 1964Newer

Newer than 23% of homes nearby

How 48 Terrace Ave ranks against every home in each area.
MeasureThis homeButler 07405Morris County
Estimated valuepricier than$463,0979% of homes12% of homes
Price per ft²pricier than$52397% of homes90% of homes
Living areabigger than886 ft²3% of homes4% of homes
Lot sizebigger than0.11 ac2% of homes12% of homes
Year builtnewer than195023% of homes24% of homes

About 48 Terrace Ave

How much is 48 Terrace Ave, Butler, NJ worth?

The TopHap Estimate for 48 Terrace Ave, Butler, NJ is $463,097 as of Sep 24, 2026. The likely range is $440,765 to $485,429. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 48 Terrace Ave, Butler, NJ last sell?

48 Terrace Ave, Butler, NJ last sold on Nov 4, 2019 for $280,000, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 48 Terrace Ave, Butler, NJ?

48 Terrace Ave, Butler, NJ has 886 square feet of living space and a 0.11-acre lot.

When was 48 Terrace Ave, Butler, NJ built?

48 Terrace Ave, Butler, NJ was built in 1950, making it 76 years old. It is a ranch home. The building has 1 story.

What schools serve 48 Terrace Ave, Butler, NJ?

48 Terrace Ave, Butler, NJ is assigned to Aaron Decker School (elementary), rated B-; Butler High School (high), rated B-; Richard Butler School (middle), rated B. All sit in Butler Borough School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 48 Terrace Ave, Butler, NJ compare to other homes in Butler 07405?

Among the 5,871 homes in Butler 07405, it is worth more than 9% of them ($463,097 against a typical $689,569), its price per square foot is higher than 97% of them ($523 against a typical $334), it is bigger than 3% of them (886 ft² against a typical 2,065 ft²), its lot is bigger than 2% of them (0.11 ac against a typical 0.45 ac) and it is newer than 23% of them (1950 against a typical 1964). Measured against all of Morris County, it is worth more than 12% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 48 Terrace Ave, Butler, NJ?

The 2024 property tax bill for 48 Terrace Ave, Butler, NJ was $6,607. The county assessed it at $363,400.

More homes on Terrace Ave

Closest homes

More homes in Butler 07405

Assigned schools

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