Comparable sales & offer analysis
Parcel NJ-470366
Essex County, NJ · 0.30 ac · Residential · Landlocked · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$8,500
Adjusted value
$7,943
Value range
$6,365–$9,520
Comp $/acre
$26,475/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +7.0% versus the adjusted value.
Offer position
Max allowable offer
$4,539
Offer $/acre
$15,129/ac
Projected profit
$2,383
Annualized ROI
+69.2%
Assumes a 30% target margin, 9-month hold, 4% closing costs, 6% annual carry and 8% selling costs.
Comparable sales
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Match |
|---|---|---|---|---|---|---|
| NJ-560433 | 0.3 | Jul 27, 2026 | $12,200 | 40,749 | 27,448 | 89 |
| NJ-670494 | 0.3 | May 15, 2026 | $7,400 | 24,726 | 24,988 | 88 |
| NJ-530563 | 0.3 | Apr 3, 2024 | $11,900 | 39,808 | 25,223 | 78 |
| NJ-211573 | 0.6 | Jul 27, 2026 | $22,700 | 35,987 | 19,938 | 76 |
| NJ-742533 | 1.3 | May 1, 2024 | $77,100 | 61,651 | 37,603 | 57 |
Prepared with LandPilot. Values are model estimates derived from recorded sales and procedural market data, not an appraisal. Verify title, access and zoning independently before contracting.