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Essex County, NJ · Sold

NJ-844456

151 County Road 218

$231,400
$45,822/ac · 5.05 ac
Acreage5.05 ac
Price per acre$45,822/ac
ZoningRecreational
Road accessDirt
UtilitiesPower at road
TopographyWooded
ListedMay 8, 2026
Coordinates40.8439, -74.2343
Loading terrain…
County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Essex County, New Jersey. Pinelands restrictions keep supply extremely tight.

View Essex market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
5
Low risk
Wetlands0.6% of tract

Little to no mapped wetland coverage.

Average slope8.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

224 ft of deeded road frontage.

Power29 ft away

Power at or near the road.

Buildable area4.77 of 5.05 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$196,097
$158,070$234,124 · $38,831/ac on 5.05 ac
Asking vs estimate
+18.0%
Priced above the comp set

Weighted from 10 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $231,400
Maximum allowable offer
$112,055
$22,189/ac · +30.0% target margin

You need $119,345 off asking to hit this margin.

All-in cost$121,580
Net resale$180,409
Projected profit$58,830
ROI+48.4%
Annualized+69.3%
Break-even resale$26,169/ac
Profit if resale lands off target
-20%
$22,748
-10%
$40,789
0%
$58,830
+10%
$76,871
+20%
$94,911
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-654942
Dirt · Power at road
7.2Jul 14, 2026$340,10047,37048,4514.8 mi
84
NJ-363624
Dirt · Off grid
2.8Jul 27, 2026$98,10035,54741,0158.6 mi
76
NJ-634129
Landlocked · Power at road
4.0Jul 8, 2025$87,20021,89928,6954.6 mi
76
NJ-755500
Paved · Off grid
10.8Jul 27, 2026$483,10044,93640,5214.8 mi
74
NJ-314100
Dirt · Off grid
3.9Jan 29, 2025$104,50026,80333,2214.5 mi
74
NJ-443805
Dirt · Power at road
3.1Apr 20, 2024$79,10025,09927,0604.5 mi
70
NJ-134972
Paved · Full utilities
7.3Nov 10, 2023$532,70072,67749,4486.0 mi
69
NJ-354019
Dirt · Full utilities
3.7Dec 13, 2023$179,50048,78043,9136.5 mi
68
NJ-645680
Gravel · Full utilities
12.3Feb 12, 2025$505,70041,28132,8452.1 mi
65
NJ-603063
Landlocked · Off grid
1.8Feb 23, 2024$48,80026,50242,2185.0 mi
62
Show adjustment detail for the top comp
  • Tract size (7.18 ac → 5.05 ac)+1.9%
  • Market time (1 mo)+0.4%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.