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Morris County, NJ · Sold

NJ-495732

2337 County Road 49

$293,600
$23,082/ac · 12.72 ac
Acreage12.72 ac
Price per acre$23,082/ac
ZoningResidential
Road accessLandlocked
UtilitiesOff grid
TopographyMixed
ListedJul 31, 2024
Coordinates40.8436, -74.5785
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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

2 items to verify before you offer.

Risk index
40
Moderate risk
Wetlands9.5% of tract

Little to no mapped wetland coverage.

Average slope7.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power5,864 ft away

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

Buildable area10.94 of 12.72 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$258,548
$222,382$294,713 · $20,326/ac on 12.72 ac
Asking vs estimate
+13.6%
Priced above the comp set

Weighted from 8 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 $293,600
Maximum allowable offer
$147,741
$11,615/ac · +30.0% target margin

You need $145,859 off asking to hit this margin.

All-in cost$160,299
Net resale$237,864
Projected profit$77,565
ROI+48.4%
Annualized+69.3%
Break-even resale$13,698/ac
Profit if resale lands off target
-20%
$29,992
-10%
$53,778
0%
$77,565
+10%
$101,351
+20%
$125,137
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-975723
Gravel · Power at road
12.6Dec 20, 2024$401,70031,80919,6492.6 mi
77
NJ-415494
Dirt · Power at road
10.7Mar 13, 2025$362,80033,90723,7822.1 mi
75
NJ-465662
Paved · Off grid
12.1Nov 28, 2023$382,60031,65020,2242.6 mi
75
NJ-205322
Dirt · Power at road
9.4Apr 26, 2025$251,00026,56318,3583.2 mi
72
NJ-296666
Gravel · Full utilities
25.0Aug 9, 2025$1,188,00047,48125,4346.8 mi
70
NJ-676138
Dirt · Off grid
17.1Jul 16, 2024$309,30018,11916,0726.0 mi
70
NJ-454957
Landlocked · Off grid
7.3Oct 19, 2024$144,40019,91820,5247.9 mi
68
NJ-434544
Dirt · Power at road
5.4Jan 14, 2025$144,90026,93018,1744.7 mi
62
Show adjustment detail for the top comp
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Power at road → Off grid)-15.0%
  • 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.