For Sale20d on market
51 Terrace Ave
Butler, NJ, 07405 • 07405 • Morris County
$400,000
Down payment assistance available
2Beds
1Baths
0.12 acLot
1940Built
Property DNA
Cape Cod,Ranch Style
Built 1940 · 86 years of history
Enhanced Security
Carbon Monoxide Detector(s) · Smoke Detector(s) · Carbon Monoxide Detector
Outdoor Living
Deck
Storage Shed
Storage Shed
This home is getting attention
Listed 20 days ago · 3,041 views · 163 saves
Market activity
Demand and pricing signals for this listing
3,041 views
People checking out this listing
163 saves
Buyers have saved this home
20 days on market
Recently listed
Selling Soon Prediction
ModerateThis home ranks in the top 34% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Single Family · Built 1940
The joy of simply unpacking can be yours in this cape cod. Fully updated in 2022 with new flooring, lighting and a full suite of smart home accessories there's nothing left to do but enjoy what this place has to offer. As you walk in, you'll see tasteful cosmetic upgrades throughout, enjoy central air conditioning, and a kitchen large enough for entertaining. The main living space also has the two bedrooms, full bath and laundry area. Stepping through the laundry room, outside there is a low maintenance composite deck, complete with gazeebo overlooking the flat yard, for outdoor relaxing and parties. The deep driveway offers exclusive parking. A storage shed is outside as well. A pull-down attic offers plenty of storage/
Standout features identified
Our analysis highlights flat yard, central air conditioning, and low maintenance composite deck as key attractions of this home.
Estimated monthly payment
Based on current rates
$2,500/month
Principal & Interest$1,967
Property Tax$400
Insurance$133
Down payment20% ($80,000)
3%50%
Est. 6.23% rate · 30yr fixed · $320,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1940
Heating1 Unit, Natural Gas
Cooling2 Units, Ductless Split AC
Parking3 Parking spaces
Lot5,227 sqft
Days on Zillow20 Days
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleCape Cod,Ranch
Year built1940
Systems
Heating1 Unit, Natural Gas
Cooling2 Units, Ductless Split AC
RoofAsphalt Shingle
ConstructionVinyl Siding
Water / SewerPublic / Public Sewer
Parking & Outdoor
Parking1 Car Width
BasementYes,Bilco-Style Door,Crawl Space,Unfinished
Lot5,227 sqft
Location & Tax
Neighborhood07405
Annual tax$6,621
Parcel0300105000000055
Bathrooms & Fees
Full baths1
Features & details
12 categories of property features
Interior Features
Appliances
Carbon Monoxide Detector
Dryer
Refrigerator
Washer
Gas Water Heater
Flooring
Vinyl-Linoleum
Heating
1 Unit
Natural Gas
Cooling
2 Units
Ductless Split AC
Laundry
Level 1
Exterior Features
Parking
1 Car Width
Construction
Vinyl Siding
Patio & Porch
Deck
Security
Carbon Monoxide Detector(s)
Smoke Detector(s)
Carbon Monoxide Detector
Utilities
Electricity Connected
Natural Gas Connected
Cable Connected
Fiber Optic Available
Gas
Gas-Natural
Other Structures
Storage Shed
Room details
6 rooms detailed
Master Bedroom
Bedroom1
FirstBedroom2
FirstMaster Bathroom
BidetTub Shower
Kitchen
FirstEat-in Kitchen
Living Room
FirstListing insights
Market data and value estimates
StatusFor Sale
Days on market20
Tax rate1.80%
On marketMar 21, 2026
PostedMar 21, 2026
Last sold$280,000
MLS statusActive
MLS updatedMar 21, 2026
Tour days9
Views3,041
Favorites163
How are the schools in Butler?
3 schools rated nearby
Location
Butler, NJ, 07405
Price history
4 events
DateEventPrice$/sqftSource
Mar 21, 2026Listed For Sale$400,000—GSMLS
Apr 11, 2022Sold$280,000—GSMLS
Sep 8, 2017Sold$200,000—Public Record
Oct 17, 2001Sold$130,000—Public Record
Listed For Sale$400,000
Mar 21, 2026•GSMLS
Sold$280,000
Apr 11, 2022•GSMLS
Sold$200,000
Sep 8, 2017•Public Record
Sold$130,000
Oct 17, 2001•Public Record
Tax history
25 years of records
YearTax paidAssessed value
Apr 10, 2025$6,585$263,700
Apr 10, 2024$6,035$241,700
Apr 10, 2023$5,887$221,800
Apr 10, 2022$5,028$181,700
Apr 10, 2021$4,980$129,900
Apr 10, 2020$4,747$129,900
Apr 10, 2019$4,685$129,900
Apr 10, 2018$4,566$129,900
Apr 10, 2017$4,431$129,400
Apr 10, 2016$4,359$129,400
Apr 10, 2015$4,225$129,400
Apr 10, 2014$4,129$129,400
Apr 10, 2013$4,015$129,400
Apr 10, 2012$3,918$129,400
Apr 10, 2011$3,728$129,400
Apr 10, 2010$3,561$129,400
Apr 10, 2009$3,490$129,400
Apr 10, 2008—$129,400
Apr 10, 2007—$129,400
Apr 10, 2006—$129,400
Apr 10, 2005—$129,400
Apr 10, 2004—$129,400
Apr 10, 2003—$129,400
Apr 10, 2002—$54,900
Apr 10, 2001—$54,900
Nearby homes
Neighborhood details
Local context around this listing
Butler, NJ • Morris County
Nearby cities
Basking RidgeChathamDenvilleDoverHackettstownMorris PlainsMorristownParsippany
Nearby zip codes
07405
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