Comparable sales & offer analysis
Parcel NJ-676138
Morris County, NJ · 17.07 ac · Agricultural · Dirt · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$365,600
Adjusted value
$440,958
Value range
$390,812–$491,105
Comp $/acre
$25,832/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -17.1% versus the adjusted value.
Offer position
Max allowable offer
$251,976
Offer $/acre
$14,761/ac
Projected profit
$132,288
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-205322 | 9.4 | Apr 26, 2025 | $251,000 | 26,563 | 22,628 | 70 |
| NJ-495732 | 12.7 | Nov 19, 2024 | $251,300 | 19,758 | 26,129 | 70 |
| NJ-415494 | 10.7 | Mar 13, 2025 | $362,800 | 33,907 | 29,313 | 70 |
| NJ-465662 | 12.1 | Nov 28, 2023 | $382,600 | 31,650 | 24,921 | 69 |
| NJ-296666 | 25.0 | Aug 9, 2025 | $1,188,000 | 47,481 | 31,352 | 69 |
| NJ-975723 | 12.6 | Dec 20, 2024 | $401,700 | 31,809 | 24,217 | 68 |
| NJ-434544 | 5.4 | Jan 14, 2025 | $144,900 | 26,930 | 22,400 | 62 |
| NJ-454957 | 7.3 | Oct 19, 2024 | $144,400 | 19,918 | 25,295 | 60 |
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.