Comparable sales & offer analysis
Parcel NJ-214231
Passaic County, NJ · 4.29 ac · Recreational · Gravel · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$247,500
Adjusted value
$228,094
Value range
$189,959–$266,229
Comp $/acre
$53,169/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +8.5% versus the adjusted value.
Offer position
Max allowable offer
$130,339
Offer $/acre
$30,382/ac
Projected profit
$68,428
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-855297 | 9.3 | Jun 30, 2026 | $382,800 | 41,249 | 61,783 | 69 |
| NJ-935577 | 11.4 | Jul 27, 2026 | $373,200 | 32,826 | 63,029 | 68 |
| NJ-452666 | 1.4 | May 11, 2026 | $66,600 | 48,255 | 58,178 | 67 |
| NJ-773247 | 2.1 | May 3, 2024 | $97,100 | 46,250 | 49,886 | 65 |
| NJ-762472 | 1.2 | Oct 19, 2025 | $35,900 | 29,900 | 63,691 | 59 |
| NJ-642171 | 1.0 | Jun 2, 2025 | $28,400 | 29,565 | 36,869 | 57 |
| NJ-426311 | 19.3 | Mar 3, 2025 | $352,400 | 18,221 | 46,089 | 55 |
| NJ-256414 | 20.8 | Feb 9, 2025 | $370,600 | 17,781 | 45,517 | 54 |
| NJ-782112 | 0.9 | Feb 7, 2025 | $28,900 | 31,449 | 47,848 | 54 |
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.