Comparable sales & offer analysis
Parcel NJ-253952
Salem County, NJ · 3.50 ac · Recreational · Dirt · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$61,800
Adjusted value
$70,560
Value range
$51,332–$89,787
Comp $/acre
$20,160/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -12.4% versus the adjusted value.
Offer position
Max allowable offer
$40,320
Offer $/acre
$11,520/ac
Projected profit
$21,168
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-993680 | 2.9 | Feb 17, 2025 | $68,100 | 23,661 | 17,505 | 76 |
| NJ-724035 | 3.7 | Jul 3, 2025 | $168,300 | 45,245 | 24,233 | 75 |
| NJ-543447 | 2.4 | Jan 1, 2026 | $77,100 | 31,718 | 16,443 | 74 |
| NJ-494569 | 5.5 | Jun 12, 2025 | $68,900 | 12,570 | 17,083 | 70 |
| NJ-555373 | 9.8 | Jun 12, 2025 | $108,900 | 11,112 | 12,388 | 69 |
| NJ-894649 | 5.8 | Mar 16, 2025 | $160,400 | 27,658 | 18,031 | 68 |
| NJ-882985 | 1.7 | Nov 18, 2024 | $56,600 | 32,507 | 29,641 | 66 |
| NJ-352247 | 1.0 | Jan 25, 2025 | $36,300 | 35,615 | 27,121 | 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.