Somerset County, NJ · Sold

NJ-551954

2059 County Road 3

$29,100

$35,488/ac · 0.82 ac

Offer report Market this tract

Acreage0.82 ac

Price per acre$35,488/ac

ZoningAgricultural

Road accessPaved

UtilitiesPower at road

TopographyRolling

ListedSep 26, 2023

Coordinates40.5083, -74.5934

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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

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

View Somerset market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index

Moderate risk

Wetlands16.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope11.9%

Rolling to steep in places; pad prep likely.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power82 ft away

Power at or near the road.

Buildable area0.65 of 0.82 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$34,454

$26,922 – $41,986 · $42,017/ac on 0.82 ac

Asking vs estimate

-15.5%

Priced below the comp set

Weighted from 10 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 $29,100

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$19,688

$24,010/ac · +30.0% target margin

You need $9,412 off asking to hit this margin.

All-in cost$21,361

Net resale$31,698

Projected profit$10,336

ROI+48.4%

Annualized+69.3%

Break-even resale$28,316/ac

Profit if resale lands off target

-20%

$3,997

-10%

$7,167

$10,336

+10%

$13,506

+20%

$16,676

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NJ-132003 Dirt · Power at road	0.8	Sep 9, 2025	$21,600	25,440	36,284	1.8 mi	82
NJ-741283 Dirt · Off grid	0.5	Jul 27, 2026	$12,500	24,522	39,543	7.7 mi	80
NJ-502937 Paved · Full utilities	1.7	Jul 27, 2026	$91,500	54,454	45,128	7.0 mi	76
NJ-831001 Landlocked · Off grid	0.4	Jul 27, 2026	$8,700	21,284	43,361	4.0 mi	75
NJ-173194 Gravel · Power at road	2.0	Feb 4, 2026	$48,100	23,793	29,050	0.7 mi	73
NJ-312743 Dirt · Power at road	1.5	Oct 12, 2025	$61,800	42,312	60,506	4.0 mi	72
NJ-843580 Landlocked · Power at road	2.7	Jul 27, 2026	$64,400	24,039	42,599	6.0 mi	70
NJ-160483 Dirt · Off grid	0.3	Aug 19, 2025	$5,200	17,192	28,749	2.0 mi	70
NJ-450732 Dirt · Full utilities	0.3	Apr 18, 2026	$15,900	46,910	53,214	6.3 mi	69
NJ-270398 Landlocked · Power at road	0.3	Apr 9, 2026	$7,400	24,570	43,030	8.6 mi	68

Show adjustment detail for the top comp

Access (Dirt → Paved)+37.2%
Market time (11 mo)+3.9%

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.

Build the listing kit Post a deal or JV