Comparable sales & offer analysis
Parcel NJ-831521
Salem County, NJ · 0.60 ac · Residential · Gravel · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$15,200
Adjusted value
$20,214
Value range
$16,159–$24,268
Comp $/acre
$33,689/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -24.8% versus the adjusted value.
Offer position
Max allowable offer
$11,551
Offer $/acre
$19,251/ac
Projected profit
$6,064
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-630517 | 0.3 | Jul 27, 2026 | $14,000 | 46,813 | 38,336 | 80 |
| NJ-111676 | 0.7 | Apr 28, 2026 | $24,500 | 36,523 | 35,275 | 78 |
| NJ-582125 | 0.9 | May 29, 2025 | $20,800 | 22,352 | 27,734 | 72 |
| NJ-410164 | 0.3 | Jul 2, 2025 | $5,400 | 18,005 | 21,854 | 71 |
| NJ-882985 | 1.7 | Nov 18, 2024 | $56,600 | 32,507 | 41,525 | 64 |
| NJ-352247 | 1.0 | Jan 25, 2025 | $36,300 | 35,615 | 37,993 | 64 |
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.