Comparable sales & offer analysis
Parcel NJ-495732
Morris County, NJ · 12.72 ac · Residential · Landlocked · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$293,600
Adjusted value
$258,550
Value range
$222,384–$294,715
Comp $/acre
$20,326/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +13.6% versus the adjusted value.
Offer position
Max allowable offer
$147,743
Offer $/acre
$11,615/ac
Projected profit
$77,565
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 | 19,649 | 77 |
| NJ-415494 | 10.7 | Mar 13, 2025 | $362,800 | 33,907 | 23,782 | 75 |
| NJ-465662 | 12.1 | Nov 28, 2023 | $382,600 | 31,650 | 20,224 | 75 |
| NJ-205322 | 9.4 | Apr 26, 2025 | $251,000 | 26,563 | 18,358 | 72 |
| NJ-296666 | 25.0 | Aug 9, 2025 | $1,188,000 | 47,481 | 25,435 | 70 |
| NJ-676138 | 17.1 | Jul 16, 2024 | $309,300 | 18,119 | 16,072 | 70 |
| NJ-454957 | 7.3 | Oct 19, 2024 | $144,400 | 19,918 | 20,524 | 68 |
| NJ-434544 | 5.4 | Jan 14, 2025 | $144,900 | 26,930 | 18,174 | 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.