Comparable sales & offer analysis
Parcel NJ-342511
Morris County, NJ · 1.23 ac · Recreational · Paved · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$57,300
Adjusted value
$51,330
Value range
$41,604–$61,057
Comp $/acre
$41,732/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +11.6% versus the adjusted value.
Offer position
Max allowable offer
$29,332
Offer $/acre
$23,847/ac
Projected profit
$15,399
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-802519 | 1.2 | Dec 24, 2025 | $25,000 | 20,132 | 29,929 | 77 |
| NJ-241593 | 0.6 | Feb 28, 2026 | $16,200 | 25,785 | 51,726 | 76 |
| NJ-831458 | 0.6 | Jan 9, 2025 | $25,800 | 44,469 | 47,384 | 67 |
| NJ-383533 | 2.6 | Jul 3, 2025 | $63,000 | 24,305 | 37,336 | 67 |
| NJ-491690 | 0.7 | Nov 28, 2024 | $13,800 | 20,247 | 42,724 | 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.