Comparable sales & offer analysis
Parcel NJ-406631
Salem County, NJ · 24.39 ac · Residential · Paved · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$614,700
Adjusted value
$695,171
Value range
$549,901–$840,440
Comp $/acre
$28,502/ac
Weighted from 9 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
$397,240
Offer $/acre
$16,287/ac
Projected profit
$208,551
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-976688 | 25.4 | Jul 27, 2026 | $384,000 | 15,108 | 31,270 | 87 |
| NJ-715934 | 14.7 | Jul 27, 2026 | $504,900 | 34,299 | 32,468 | 81 |
| NJ-566066 | 16.2 | Jan 5, 2026 | $506,200 | 31,248 | 36,087 | 80 |
| NJ-695788 | 13.2 | Jul 27, 2026 | $367,200 | 27,738 | 29,214 | 73 |
| NJ-327771 | 55.7 | Aug 24, 2025 | $912,600 | 16,383 | 27,212 | 66 |
| NJ-757985 | 65.0 | Jan 29, 2025 | $937,600 | 14,415 | 17,843 | 63 |
| NJ-557549 | 47.4 | May 25, 2024 | $818,400 | 17,255 | 29,135 | 62 |
| NJ-555373 | 9.8 | Jun 12, 2025 | $108,900 | 11,112 | 17,125 | 62 |
| NJ-828119 | 71.7 | Jul 17, 2024 | $1,443,900 | 20,144 | 31,739 | 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.