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Morris County, NJ · Sold

NJ-296666

6329 County Road 340

$1,127,100
$45,048/ac · 25.02 ac
Acreage25.02 ac
Price per acre$45,048/ac
ZoningResidential
Road accessGravel
UtilitiesFull utilities
TopographyFlat
ListedApr 6, 2025
Coordinates40.9028, -74.4743
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

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

View Morris market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
12
Low risk
Wetlands5.2% of tract

Little to no mapped wetland coverage.

Average slope3.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area22.53 of 25.02 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$971,417
$863,550$1,079,283 · $38,826/ac on 25.02 ac
Asking vs estimate
+16.0%
Priced above the comp set

Weighted from 7 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 $1,127,100
Maximum allowable offer
$555,095
$22,186/ac · +30.0% target margin

You need $572,005 off asking to hit this margin.

All-in cost$602,278
Net resale$893,703
Projected profit$291,425
ROI+48.4%
Annualized+69.2%
Break-even resale$26,165/ac
Profit if resale lands off target
-20%
$112,684
-10%
$202,055
0%
$291,425
+10%
$380,795
+20%
$470,166
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-975723
Gravel · Power at road
12.6Dec 20, 2024$401,70031,80938,2484.2 mi
67
NJ-495732
Landlocked · Off grid
12.7Nov 19, 2024$251,30019,75841,2686.8 mi
67
NJ-676138
Dirt · Off grid
17.1Jul 16, 2024$309,30018,11931,2858.3 mi
65
NJ-205322
Dirt · Power at road
9.4Apr 26, 2025$251,00026,56335,7346.7 mi
61
NJ-415494
Dirt · Power at road
10.7Mar 13, 2025$362,80033,90746,2938.7 mi
61
NJ-454957
Landlocked · Off grid
7.3Oct 19, 2024$144,40019,91839,9511.2 mi
60
NJ-465662
Paved · Off grid
12.1Nov 28, 2023$382,60031,65039,3667.9 mi
58
Show adjustment detail for the top comp
  • Tract size (12.63 ac → 25.02 ac)-7.8%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (20 mo)+6.9%

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.