Comparable sales & offer analysis
Parcel NJ-241593
Morris County, NJ · 0.63 ac · Recreational · Dirt · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$17,600
Adjusted value
$13,488
Value range
$11,117–$15,860
Comp $/acre
$21,410/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +30.5% versus the adjusted value.
Offer position
Max allowable offer
$7,708
Offer $/acre
$12,234/ac
Projected profit
$4,046
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-491690 | 0.7 | Nov 28, 2024 | $13,800 | 20,247 | 21,830 | 76 |
| NJ-831458 | 0.6 | Jan 9, 2025 | $25,800 | 44,469 | 24,211 | 73 |
| NJ-342511 | 1.2 | Apr 29, 2024 | $56,800 | 46,213 | 26,023 | 68 |
| NJ-802519 | 1.2 | Dec 24, 2025 | $25,000 | 20,132 | 15,292 | 67 |
| NJ-383533 | 2.6 | Jul 3, 2025 | $63,000 | 24,305 | 19,077 | 59 |
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.