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57 Terrace Ave, Butler, NJ, 07405

3beds
1baths
--sqft
$480,000
--price/sqft
$3,497/moest. monthly cost
$139,880/yrincome needed

About This Home

Welcome to this delightful Cape Cod"style home, offering 3 bedrooms and 1 bathroom in a cozy, thoughtfully designed layout.With its signature steep roof, charming dormer windows, and timeless curb appeal, this home embodies classic Cape Cod architecture. Inside, abundant natural light fills the spacious living room, creating a warm and inviting atmosphere. The open dining area connects seamlessly to a functional kitchen, complete with ample cabinetry and storage.The three bedrooms provide versatility perfect for a home office, guest room, or additional living space. A well-appointed full bathroom adds convenience and efficiency to the layout.Step outside to enjoy a lovely yard, ideal for gardening, entertaining, or simply relaxing outdoors. Low-maintenance and full of character, this home is a wonderful choice for first-time buyers, downsizers, or anyone seeking the charm and simplicity of Cape Cod living.

Getting Around

36
WalkingCar-Dependent
0
TransitVery Limited Transit
16
BikeSomewhat Bikeable

Schools

7/10
5/10
Butler High SchoolGrades 9-121.2 mi

Construction

Condition

  • Year built: 1950

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Stucco,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cape Cod
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Carbon Monoxide Detector,Dishwasher,Dryer,Refrigerator,Washer
  • Laundry features: Level 1

Basement

  • Has basement: Yes
  • Basement: Yes,Unfinished,Walk-Out Access

Bedroom1

  • Level: Second

Bedroom2

  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: First

Features

  • Utility Room,Walkout

Heating & Cooling

  • Heating features: 1 Unit,Natural Gas
  • Cooling features: Window Unit(s)

Kitchen

  • Features: Eat-in Kitchen
  • Level: First

Living Room

  • Level: First

Property

Details

  • Parcel number: 2303001050000000590000

Features

  • Patio & porch: Deck
  • Fencing: Metal Fence
  • Has view: Yes
  • View description: Lake/Water View,Mountain(s)
  • Has water view: Yes
  • Water view: Lake/Water View

Lot

  • Lot size: 6,098 sqft
  • Lot size dimensions: 50 x 125

Parking

  • Total spaces: 8
  • Parking features: 2 Car Width,None
  • Uncovered spaces: 8

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Strong Wind
Winter Weather

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,427$29,124
Home Insurance *$141$1,692
Property Taxes $736$8,832
Electricity $193$2,318
Total$3,497$41,964
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$119,897/yr
40% on housing$104,910/yr
45% on housing$93,253/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.8%
6.8%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 07405$367
Morris County$395

vs Homes Sold Last Month

Median $/sqft

ZIP 07405$316
Morris County$367

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-02-26Price change$480,000
2025-12-23Listed for sale$430,000
2025-12-01Pending sale$430,000
2025-11-20Listing removed$3,300
2025-11-04Listed for rent$3,300
2025-10-31Listed for sale$430,000
2025-10-12Listing removed$399,000
2025-09-17Price change$399,000
2025-09-17Listed for sale$399,999
2025-01-07Listing removed$399,000
2024-12-03Price change$399,000
2024-11-14Price change$419,000
2024-07-09Price change$426,900
2024-05-08Price change$427,900
2024-04-13Listed for sale$429,900
2023-09-26Sold$410,000
2023-07-10Pending sale$389,000
2023-06-15Listed for sale$389,000
2023-05-05Sold$270,000
2023-03-10Pending sale$250,000
2023-02-26Listed for sale$250,000
2023-02-16Listing removed--
2023-02-11Listed for sale$279,000

For Sale by Agent

AgentSebastian Diaz Martes
BrokeragePrestige Property Group Montclair

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