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Hunterdon County, NJ · Sold

NJ-497698

7589 County Road 358

$2,605,500
$49,319/ac · 52.83 ac
Acreage52.83 ac
Price per acre$49,319/ac
ZoningAgricultural
Road accessPaved
UtilitiesFull utilities
TopographyWooded
ListedMay 24, 2024
Coordinates40.5735, -74.8677
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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

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

View Hunterdon market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
13
Low risk
Wetlands9.9% of tract

Little to no mapped wetland coverage.

Average slope9.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,760 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area45.22 of 52.83 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,991,989
$1,712,128$2,271,851 · $37,706/ac on 52.83 ac
Asking vs estimate
+30.8%
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 $2,605,500
Maximum allowable offer
$1,138,280
$21,546/ac · +30.0% target margin

You need $1,467,220 off asking to hit this margin.

All-in cost$1,235,034
Net resale$1,832,630
Projected profit$597,596
ROI+48.4%
Annualized+69.2%
Break-even resale$25,410/ac
Profit if resale lands off target
-20%
$231,070
-10%
$414,333
0%
$597,596
+10%
$780,859
+20%
$964,122
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-407248
Landlocked · Power at road
38.1Feb 2, 2026$688,30018,04636,6945.5 mi
80
NJ-466862
Paved · Off grid
28.8Feb 10, 2025$658,30022,83431,2391.8 mi
71
NJ-316872
Paved · Off grid
29.0Aug 10, 2025$890,20030,65341,1615.8 mi
70
NJ-499922
Paved · Power at road
264.6Jul 27, 2026$5,364,20020,27137,2002.9 mi
70
NJ-319538
Gravel · Power at road
200.4Jul 27, 2026$3,360,20016,77133,5662.6 mi
70
NJ-665550
Gravel · Full utilities
11.2Dec 19, 2023$514,90046,18048,4286.5 mi
58
Show adjustment detail for the top comp
  • Tract size (38.14 ac → 52.83 ac)-6.1%
  • Access (Landlocked → Paved)+73.5%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (6 mo)+2.2%

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.