Union County, NJ · Sold

NJ-133931

8716 County Road 283

$219,700

$63,681/ac · 3.45 ac

Offer report Market this tract

Acreage3.45 ac

Price per acre$63,681/ac

ZoningResidential

Road accessGravel

UtilitiesFull utilities

TopographyRolling

ListedOct 23, 2024

Coordinates40.6897, -74.3660

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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

Wetlands7.6% of tract

Little to no mapped wetland coverage.

Average slope10.0%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area3.03 of 3.45 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$198,424

$142,865 – $253,982 · $57,514/ac on 3.45 ac

Asking vs estimate

+10.7%

Priced above the comp set

Weighted from 8 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 $219,700

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$113,385

$32,865/ac · +30.0% target margin

You need $106,315 off asking to hit this margin.

All-in cost$123,023

Net resale$182,550

Projected profit$59,527

ROI+48.4%

Annualized+69.2%

Break-even resale$38,760/ac

Profit if resale lands off target

-20%

$23,017

-10%

$41,272

$59,527

+10%

$77,782

+20%

$96,037

Comparable sales8 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NJ-303892 Dirt · Power at road	3.4	Jul 27, 2026	$186,200	55,585	78,952	0.9 mi	88
NJ-444283 Dirt · Full utilities	4.5	Jul 27, 2026	$189,600	42,602	50,117	2.5 mi	85
NJ-253401 Gravel · Full utilities	2.4	Apr 14, 2026	$100,600	42,809	42,954	5.7 mi	80
NJ-184292 Dirt · Full utilities	4.5	Apr 27, 2026	$211,500	47,220	56,146	9.7 mi	78
NJ-802939 Dirt · Power at road	1.7	Jul 27, 2026	$42,700	25,399	35,488	4.6 mi	74
NJ-925329 Landlocked · Power at road	9.5	Jul 27, 2026	$345,600	36,378	68,984	4.7 mi	71
NJ-523098 Gravel · Off grid	1.9	Sep 25, 2025	$58,700	31,040	45,513	7.3 mi	70
NJ-613477 Dirt · Power at road	2.5	Sep 12, 2024	$135,600	54,670	83,039	8.9 mi	66

Show adjustment detail for the top comp

Access (Dirt → Gravel)+16.3%
Utilities (Power at road → Full utilities)+22.0%

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