Comparable sales & offer analysis
Parcel NJ-465662
Morris County, NJ · 12.09 ac · Recreational · Paved · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$452,300
Adjusted value
$431,667
Value range
$371,975–$491,360
Comp $/acre
$35,705/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +4.8% versus the adjusted value.
Offer position
Max allowable offer
$246,667
Offer $/acre
$20,403/ac
Projected profit
$129,500
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 | 34,438 | 79 |
| NJ-205322 | 9.4 | Apr 26, 2025 | $251,000 | 26,563 | 32,178 | 78 |
| NJ-495732 | 12.7 | Nov 19, 2024 | $251,300 | 19,758 | 37,157 | 77 |
| NJ-415494 | 10.7 | Mar 13, 2025 | $362,800 | 33,907 | 41,684 | 75 |
| NJ-676138 | 17.1 | Jul 16, 2024 | $309,300 | 18,119 | 28,166 | 70 |
| NJ-454957 | 7.3 | Oct 19, 2024 | $144,400 | 19,918 | 35,971 | 65 |
| NJ-296666 | 25.0 | Aug 9, 2025 | $1,188,000 | 47,481 | 44,584 | 64 |
| NJ-434544 | 5.4 | Jan 14, 2025 | $144,900 | 26,930 | 31,854 | 63 |
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.