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Somerset County, NJ · Sold

NJ-173194

8209 County Road 299

$49,600
$24,554/ac · 2.02 ac
Acreage2.02 ac
Price per acre$24,554/ac
ZoningUnzoned
Road accessGravel
UtilitiesPower at road
TopographyRolling
ListedAug 21, 2025
Coordinates40.4997, -74.6002
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

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

View Somerset market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
22
Low risk
Wetlands15.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope11.0%

Rolling to steep in places; pad prep likely.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

189 ft of deeded road frontage.

Power169 ft away

Power at or near the road.

Buildable area1.63 of 2.02 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$75,151
$60,190$90,112 · $37,204/ac on 2.02 ac
Asking vs estimate
-34.0%
Priced below 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 $49,600
Maximum allowable offer
$42,943
$21,259/ac · +30.0% target margin

You need $6,657 off asking to hit this margin.

All-in cost$46,593
Net resale$69,139
Projected profit$22,546
ROI+48.4%
Annualized+69.3%
Break-even resale$25,072/ac
Profit if resale lands off target
-20%
$8,718
-10%
$15,632
0%
$22,546
+10%
$29,460
+20%
$36,374
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-843580
Landlocked · Power at road
2.7Jul 27, 2026$64,40024,03935,6625.8 mi
82
NJ-502937
Paved · Full utilities
1.7Jul 27, 2026$91,50054,45437,7807.6 mi
81
NJ-312743
Dirt · Power at road
1.5Oct 12, 2025$61,80042,31250,6544.7 mi
76
NJ-132003
Dirt · Power at road
0.8Sep 9, 2025$21,60025,44030,3761.6 mi
70
NJ-551954
Paved · Power at road
0.8Mar 24, 2024$26,70032,61330,0500.7 mi
64
Show adjustment detail for the top comp
  • Tract size (2.68 ac → 2.02 ac)+0.7%
  • Access (Landlocked → Gravel)+47.1%

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.