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Salem County, NJ · Sold

NJ-724035

198 County Road 284

$170,700
$45,887/ac · 3.72 ac
Acreage3.72 ac
Price per acre$45,887/ac
ZoningAgricultural
Road accessPaved
UtilitiesFull utilities
TopographyRolling
ListedOct 18, 2024
Coordinates39.5398, -75.4574
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

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

View Salem market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
20
Low risk
Wetlands12.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope10.8%

Rolling to steep in places; pad prep likely.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

498 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area3.08 of 3.72 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$130,997
$96,295$165,700 · $35,214/ac on 3.72 ac
Asking vs estimate
+30.3%
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 $170,700
Maximum allowable offer
$74,856
$20,123/ac · +30.0% target margin

You need $95,844 off asking to hit this margin.

All-in cost$81,219
Net resale$120,518
Projected profit$39,299
ROI+48.4%
Annualized+69.2%
Break-even resale$23,732/ac
Profit if resale lands off target
-20%
$15,195
-10%
$27,247
0%
$39,299
+10%
$51,351
+20%
$63,402
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-543447
Paved · Full utilities
2.4Jan 1, 2026$77,10031,71832,1409.5 mi
75
NJ-993680
Dirt · Full utilities
2.9Feb 17, 2025$68,10023,66134,2224.7 mi
73
NJ-494569
Landlocked · Off grid
5.5Jun 12, 2025$68,90012,57033,3932.0 mi
72
NJ-253952
Dirt · Off grid
3.5Jul 6, 2024$51,20014,62031,2806.8 mi
71
NJ-894649
Gravel · Full utilities
5.8Mar 16, 2025$160,40027,65835,2495.6 mi
70
NJ-555373
Dirt · Off grid
9.8Jun 12, 2025$108,90011,11224,2177.5 mi
66
NJ-882985
Gravel · Off grid
1.7Nov 18, 2024$56,60032,50757,9494.1 mi
63
Show adjustment detail for the top comp
  • Tract size (2.43 ac → 3.72 ac)-1.2%
  • Market time (7 mo)+2.6%

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.