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Morris County, NJ · Sold

NJ-241593

3235 County Road 52

$17,600
$27,937/ac · 0.63 ac
Acreage0.63 ac
Price per acre$27,937/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyMixed
ListedApr 5, 2025
Coordinates40.8899, -74.5607
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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

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

View Morris market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
25
Low risk
Wetlands18.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

110 ft of deeded road frontage.

Power14,404 ft away

A long utility run — price in solar/off-grid instead.

Buildable area0.49 of 0.63 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$13,410
$11,048$15,772 · $21,286/ac on 0.63 ac
Asking vs estimate
+31.2%
Priced above the comp set

Weighted from 5 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 $17,600
Maximum allowable offer
$7,663
$12,163/ac · +30.0% target margin

You need $9,937 off asking to hit this margin.

All-in cost$8,314
Net resale$12,337
Projected profit$4,023
ROI+48.4%
Annualized+69.2%
Break-even resale$14,345/ac
Profit if resale lands off target
-20%
$1,555
-10%
$2,789
0%
$4,023
+10%
$5,257
+20%
$6,490
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-491690
Dirt · Off grid
0.7Nov 28, 2024$13,80020,24721,7167.2 mi
77
NJ-831458
Paved · Full utilities
0.6Jan 9, 2025$25,80044,46924,0844.9 mi
74
NJ-802519
Gravel · Power at road
1.2Dec 24, 2025$25,00020,13215,2098.0 mi
68
NJ-342511
Paved · Full utilities
1.2Apr 29, 2024$56,80046,21325,8902.5 mi
68
NJ-383533
Gravel · Power at road
2.6Jul 3, 2025$63,00024,30518,9753.4 mi
60
Show adjustment detail for the top comp
  • Market time (21 mo)+7.2%

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.