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Somerset County, NJ · Sold

NJ-655766

1703 County Road 71

$366,500
$28,127/ac · 13.03 ac
Acreage13.03 ac
Price per acre$28,127/ac
ZoningResidential
Road accessGravel
UtilitiesOff grid
TopographyWooded
ListedSep 16, 2023
Coordinates40.5062, -74.5230
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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

1 item to verify before you offer.

Risk index
14
Low risk
Wetlands5.8% of tract

Little to no mapped wetland coverage.

Average slope9.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

818 ft of deeded road frontage.

Power4,436 ft away

Service extension needed; get a utility quote.

Buildable area11.66 of 13.03 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$358,131
$283,297$432,965 · $27,485/ac on 13.03 ac
Asking vs estimate
+2.3%
In line with 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 $366,500
Maximum allowable offer
$204,646
$15,706/ac · +30.0% target margin

You need $161,854 off asking to hit this margin.

All-in cost$222,041
Net resale$329,481
Projected profit$107,440
ROI+48.4%
Annualized+69.3%
Break-even resale$18,523/ac
Profit if resale lands off target
-20%
$41,544
-10%
$74,492
0%
$107,440
+10%
$140,388
+20%
$173,336
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-935581
Gravel · Full utilities
11.4Jul 27, 2026$468,80041,12028,3609.2 mi
84
NJ-906145
Landlocked · Full utilities
17.1Aug 19, 2025$569,40033,20336,4863.6 mi
79
NJ-925066
Paved · Power at road
7.8Jul 27, 2026$215,30027,42519,0037.4 mi
76
NJ-843580
Landlocked · Power at road
2.7Jul 27, 2026$64,40024,03927,5789.7 mi
68
NJ-746850
Dirt · Power at road
28.6Oct 24, 2024$615,90021,55125,2981.0 mi
65
Show adjustment detail for the top comp
  • Tract size (11.4 ac → 13.03 ac)-1.2%
  • Utilities (Full utilities → Off grid)-30.3%

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.