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Essex County, NJ · Sold

NJ-378116

2194 County Road 304

$2,713,500
$37,940/ac · 71.52 ac
Acreage71.52 ac
Price per acre$37,940/ac
ZoningResidential
Road accessGravel
UtilitiesPower at road
TopographyWooded
ListedMay 1, 2024
Coordinates40.7782, -74.3195
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
12
Low risk
Wetlands8.5% of tract

Little to no mapped wetland coverage.

Average slope9.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,464 ft of deeded road frontage.

Power79 ft away

Power at or near the road.

Buildable area62.17 of 71.52 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,150,222
$1,803,840$2,496,603 · $30,065/ac on 71.52 ac
Asking vs estimate
+26.2%
Priced above the comp set

Weighted from 6 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 $2,713,500
Maximum allowable offer
$1,228,698
$17,180/ac · +30.0% target margin

You need $1,484,802 off asking to hit this margin.

All-in cost$1,333,137
Net resale$1,978,204
Projected profit$645,067
ROI+48.4%
Annualized+69.2%
Break-even resale$20,261/ac
Profit if resale lands off target
-20%
$249,426
-10%
$447,246
0%
$645,067
+10%
$842,887
+20%
$1,040,707
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-287830
Paved · Power at road
58.1Jul 27, 2026$2,453,80042,20634,2616.4 mi
88
NJ-237336
Gravel · Power at road
40.6Dec 30, 2024$939,90023,12221,9963.7 mi
71
NJ-376567
Dirt · Off grid
23.3Jun 24, 2026$647,70027,80931,1394.7 mi
69
NJ-836532
Dirt · Off grid
22.7Aug 22, 2025$502,00022,11625,5402.2 mi
68
NJ-736907
Gravel · Off grid
29.8Nov 28, 2024$1,004,50033,72035,8991.3 mi
67
NJ-189331
Paved · Off grid
172.5Aug 29, 2024$3,963,00022,98030,9303.2 mi
62
Show adjustment detail for the top comp
  • Tract size (58.14 ac → 71.52 ac)-4.4%
  • Access (Paved → Gravel)-15.3%

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.