Comparable sales & offer analysis
Parcel NJ-296666
Morris County, NJ · 25.02 ac · Residential · Gravel · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$1,127,100
Adjusted value
$971,425
Value range
$863,557–$1,079,292
Comp $/acre
$38,826/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +16.0% versus the adjusted value.
Offer position
Max allowable offer
$555,100
Offer $/acre
$22,186/ac
Projected profit
$291,427
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-975723 | 12.6 | Dec 20, 2024 | $401,700 | 31,809 | 38,248 | 67 |
| NJ-495732 | 12.7 | Nov 19, 2024 | $251,300 | 19,758 | 41,268 | 67 |
| NJ-676138 | 17.1 | Jul 16, 2024 | $309,300 | 18,119 | 31,285 | 65 |
| NJ-205322 | 9.4 | Apr 26, 2025 | $251,000 | 26,563 | 35,735 | 61 |
| NJ-415494 | 10.7 | Mar 13, 2025 | $362,800 | 33,907 | 46,293 | 61 |
| NJ-454957 | 7.3 | Oct 19, 2024 | $144,400 | 19,918 | 39,951 | 60 |
| NJ-465662 | 12.1 | Nov 28, 2023 | $382,600 | 31,650 | 39,367 | 58 |
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.