Comparable sales & offer analysis
Parcel NJ-132003
Somerset County, NJ · 0.85 ac · Recreational · Dirt · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$24,000
Adjusted value
$26,278
Value range
$20,498–$32,057
Comp $/acre
$30,915/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -8.7% versus the adjusted value.
Offer position
Max allowable offer
$15,016
Offer $/acre
$17,666/ac
Projected profit
$7,883
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-831001 | 0.4 | Jul 27, 2026 | $8,700 | 21,284 | 31,769 | 78 |
| NJ-551954 | 0.8 | Mar 24, 2024 | $26,700 | 32,613 | 26,286 | 76 |
| NJ-741283 | 0.5 | Jul 27, 2026 | $12,500 | 24,522 | 28,971 | 76 |
| NJ-502937 | 1.7 | Jul 27, 2026 | $91,500 | 54,454 | 33,064 | 76 |
| NJ-312743 | 1.5 | Oct 12, 2025 | $61,800 | 42,312 | 44,323 | 74 |
| NJ-173194 | 2.0 | Feb 4, 2026 | $48,100 | 23,793 | 21,282 | 71 |
| NJ-450732 | 0.3 | Apr 18, 2026 | $15,900 | 46,910 | 38,985 | 69 |
| NJ-843580 | 2.7 | Jul 27, 2026 | $64,400 | 24,039 | 31,210 | 69 |
| NJ-160483 | 0.3 | Aug 19, 2025 | $5,200 | 17,192 | 21,059 | 67 |
| NJ-270398 | 0.3 | Apr 9, 2026 | $7,400 | 24,570 | 31,524 | 65 |
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.