Comparable sales & offer analysis
Parcel NJ-378116
Essex County, NJ · 71.52 ac · Residential · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$2,713,500
Adjusted value
$2,161,355
Value range
$1,812,658–$2,510,053
Comp $/acre
$30,220/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +25.5% versus the adjusted value.
Offer position
Max allowable offer
$1,235,060
Offer $/acre
$17,269/ac
Projected profit
$648,407
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-287830 | 58.1 | Jul 27, 2026 | $2,453,800 | 42,206 | 34,453 | 86 |
| NJ-237336 | 40.6 | Dec 30, 2024 | $939,900 | 23,122 | 22,111 | 71 |
| NJ-376567 | 23.3 | Jun 24, 2026 | $647,700 | 27,809 | 31,312 | 68 |
| NJ-836532 | 22.7 | Aug 22, 2025 | $502,000 | 22,116 | 25,678 | 68 |
| NJ-736907 | 29.8 | Nov 28, 2024 | $1,004,500 | 33,720 | 36,086 | 66 |
| NJ-189331 | 172.5 | Aug 29, 2024 | $3,963,000 | 22,980 | 31,090 | 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.