Comparable sales & offer analysis
Parcel NJ-438362
Somerset County, NJ · 85.47 ac · Recreational · Dirt · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$1,279,600
Adjusted value
$1,768,731
Value range
$1,283,753–$2,253,710
Comp $/acre
$20,694/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -27.7% versus the adjusted value.
Offer position
Max allowable offer
$1,010,704
Offer $/acre
$11,825/ac
Projected profit
$530,619
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-359641 | 215.9 | Jul 27, 2026 | $3,211,600 | 14,877 | 15,652 | 78 |
| NJ-169529 | 199.1 | Jul 27, 2026 | $3,333,800 | 16,748 | 15,316 | 73 |
| NJ-379793 | 241.0 | Jul 19, 2025 | $5,009,100 | 20,784 | 28,695 | 66 |
| NJ-746850 | 28.6 | Oct 24, 2024 | $615,900 | 21,551 | 18,760 | 64 |
| NJ-906145 | 17.1 | Aug 19, 2025 | $569,400 | 33,203 | 27,062 | 60 |
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.