Comparable sales & offer analysis
Parcel NJ-882985
Salem County, NJ · 1.74 ac · Residential · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$62,500
Adjusted value
$41,083
Value range
$33,222–$48,945
Comp $/acre
$23,611/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +52.1% versus the adjusted value.
Offer position
Max allowable offer
$23,476
Offer $/acre
$13,492/ac
Projected profit
$12,325
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-543447 | 2.4 | Jan 1, 2026 | $77,100 | 31,718 | 19,454 | 78 |
| NJ-582125 | 0.9 | May 29, 2025 | $20,800 | 22,352 | 23,424 | 72 |
| NJ-111676 | 0.7 | Apr 28, 2026 | $24,500 | 36,523 | 29,798 | 69 |
| NJ-352247 | 1.0 | Jan 25, 2025 | $36,300 | 35,615 | 32,086 | 68 |
| NJ-993680 | 2.9 | Feb 17, 2025 | $68,100 | 23,661 | 20,710 | 68 |
| NJ-831521 | 0.6 | Aug 24, 2025 | $14,800 | 24,624 | 21,651 | 67 |
| NJ-724035 | 3.7 | Jul 3, 2025 | $168,300 | 45,245 | 28,670 | 65 |
| NJ-253952 | 3.5 | Jul 6, 2024 | $51,200 | 14,620 | 18,927 | 65 |
| NJ-494569 | 5.5 | Jun 12, 2025 | $68,900 | 12,570 | 20,210 | 64 |
| NJ-894649 | 5.8 | Mar 16, 2025 | $160,400 | 27,658 | 21,332 | 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.