Comparable sales & offer analysis
Parcel NJ-844456
Essex County, NJ · 5.05 ac · Recreational · Dirt · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$231,400
Adjusted value
$197,100
Value range
$158,837–$235,363
Comp $/acre
$39,030/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +17.4% versus the adjusted value.
Offer position
Max allowable offer
$112,629
Offer $/acre
$22,303/ac
Projected profit
$59,130
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-654942 | 7.2 | Jul 14, 2026 | $340,100 | 47,370 | 48,722 | 83 |
| NJ-363624 | 2.8 | Jul 27, 2026 | $98,100 | 35,547 | 41,244 | 75 |
| NJ-634129 | 4.0 | Jul 8, 2025 | $87,200 | 21,899 | 28,848 | 75 |
| NJ-314100 | 3.9 | Jan 29, 2025 | $104,500 | 26,803 | 33,396 | 73 |
| NJ-755500 | 10.8 | Jul 27, 2026 | $483,100 | 44,936 | 40,748 | 73 |
| NJ-443805 | 3.1 | Apr 20, 2024 | $79,100 | 25,099 | 27,198 | 69 |
| NJ-134972 | 7.3 | Nov 10, 2023 | $532,700 | 72,677 | 49,696 | 69 |
| NJ-354019 | 3.7 | Dec 13, 2023 | $179,500 | 48,780 | 44,134 | 68 |
| NJ-645680 | 12.3 | Feb 12, 2025 | $505,700 | 41,281 | 33,018 | 64 |
| NJ-603063 | 1.8 | Feb 23, 2024 | $48,800 | 26,502 | 42,433 | 62 |
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.