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Morris County, NJ · Sold

NJ-259033

3403 County Road 155

$2,474,200
$17,804/ac · 139 ac
Acreage139 ac
Price per acre$17,804/ac
ZoningAgricultural
Road accessPaved
UtilitiesOff grid
TopographySloped
ListedAug 9, 2025
Coordinates40.8832, -74.5089
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

4 items to verify before you offer.

Risk index
44
Moderate risk
Wetlands5.3% of tract

Little to no mapped wetland coverage.

Average slope29.3%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power12,780 ft away

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

Buildable area78.96 of 138.97 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,065,504
$2,569,439$3,561,569 · $22,059/ac on 139 ac
Asking vs estimate
-19.3%
Priced below 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 $2,474,200
Maximum allowable offer
$1,751,717
$12,605/ac · +30.0% target margin

You need $722,483 off asking to hit this margin.

All-in cost$1,900,613
Net resale$2,820,264
Projected profit$919,651
ROI+48.4%
Annualized+69.2%
Break-even resale$14,866/ac
Profit if resale lands off target
-20%
$355,598
-10%
$637,624
0%
$919,651
+10%
$1,201,677
+20%
$1,483,703
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-469105
Gravel · Full utilities
146.4Dec 1, 2024$3,035,60020,73318,5206.9 mi
73
NJ-296666
Gravel · Full utilities
25.0Aug 9, 2025$1,188,00047,48128,4252.3 mi
59
NJ-676138
Dirt · Off grid
17.1Jul 16, 2024$309,30018,11917,9616.9 mi
56
NJ-975723
Gravel · Power at road
12.6Dec 20, 2024$401,70031,80921,9592.0 mi
54
NJ-495732
Landlocked · Off grid
12.7Nov 19, 2024$251,30019,75823,6934.6 mi
53
NJ-465662
Paved · Off grid
12.1Nov 28, 2023$382,60031,65022,6015.8 mi
52
Show adjustment detail for the top comp
  • Tract size (146.41 ac → 138.97 ac)+1.4%
  • Access (Gravel → Paved)+18.0%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (20 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.