Union County, NJ · Sold

NJ-523098

5960 County Road 107

$58,200

$30,794/ac · 1.89 ac

Offer report Market this tract

Acreage1.89 ac

Price per acre$30,794/ac

ZoningRecreational

Road accessGravel

UtilitiesOff grid

TopographyMixed

ListedJul 31, 2024

Coordinates40.5997, -74.2918

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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

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

View Union market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index

Low risk

Wetlands4.3% of tract

Little to no mapped wetland coverage.

Average slope4.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power2,798 ft away

Service extension needed; get a utility quote.

Buildable area1.72 of 1.89 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$78,269

$56,433 – $100,105 · $41,412/ac on 1.89 ac

Asking vs estimate

-25.6%

Priced below the comp set

Weighted from 9 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 $58,200

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$44,725

$23,664/ac · +30.0% target margin

You need $13,475 off asking to hit this margin.

All-in cost$48,527

Net resale$72,008

Projected profit$23,481

ROI+48.4%

Annualized+69.3%

Break-even resale$27,908/ac

Profit if resale lands off target

-20%

$9,079

-10%

$16,280

$23,481

+10%

$30,682

+20%

$37,882

Comparable sales9 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NJ-802939 Dirt · Power at road	1.7	Jul 27, 2026	$42,700	25,399	25,107	2.9 mi	85
NJ-253401 Gravel · Full utilities	2.4	Apr 14, 2026	$100,600	42,809	30,389	6.1 mi	81
NJ-184292 Dirt · Full utilities	4.5	Apr 27, 2026	$211,500	47,220	39,722	3.1 mi	76
NJ-303892 Dirt · Power at road	3.4	Jul 27, 2026	$186,200	55,585	55,856	7.8 mi	74
NJ-613477 Dirt · Power at road	2.5	Sep 12, 2024	$135,600	54,670	58,747	2.7 mi	71
NJ-444283 Dirt · Full utilities	4.5	Jul 27, 2026	$189,600	42,602	35,456	8.1 mi	71
NJ-133931 Gravel · Full utilities	3.5	Aug 19, 2025	$228,700	66,292	48,850	7.3 mi	69
NJ-341573 Landlocked · Power at road	0.6	Nov 28, 2025	$25,100	39,796	50,579	7.4 mi	63
NJ-561444 Dirt · Off grid	0.6	Aug 13, 2024	$14,500	25,500	31,719	5.8 mi	58

Show adjustment detail for the top comp

Access (Dirt → Gravel)+16.3%
Utilities (Power at road → Off grid)-15.0%

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