Comparable sales & offer analysis
Parcel NJ-352247
Salem County, NJ · 1.02 ac · Recreational · Paved · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$36,400
Adjusted value
$29,945
Value range
$22,773–$37,117
Comp $/acre
$29,358/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +21.6% versus the adjusted value.
Offer position
Max allowable offer
$17,111
Offer $/acre
$16,776/ac
Projected profit
$8,983
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-111676 | 0.7 | Apr 28, 2026 | $24,500 | 36,523 | 35,420 | 78 |
| NJ-582125 | 0.9 | May 29, 2025 | $20,800 | 22,352 | 27,843 | 76 |
| NJ-882985 | 1.7 | Nov 18, 2024 | $56,600 | 32,507 | 41,683 | 67 |
| NJ-543447 | 2.4 | Jan 1, 2026 | $77,100 | 31,718 | 23,124 | 67 |
| NJ-630517 | 0.3 | Jul 27, 2026 | $14,000 | 46,813 | 38,496 | 66 |
| NJ-831521 | 0.6 | Aug 24, 2025 | $14,800 | 24,624 | 25,736 | 66 |
| NJ-253952 | 3.5 | Jul 6, 2024 | $51,200 | 14,620 | 22,498 | 62 |
| NJ-993680 | 2.9 | Feb 17, 2025 | $68,100 | 23,661 | 24,618 | 61 |
| NJ-410164 | 0.3 | Jul 2, 2025 | $5,400 | 18,005 | 21,940 | 58 |
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.