Comparable sales & offer analysis
Parcel NJ-359641
Somerset County, NJ · 216 ac · Recreational · Dirt · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$3,832,400
Adjusted value
$4,023,775
Value range
$2,897,118–$5,150,433
Comp $/acre
$18,639/ac
Weighted from 4 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -4.8% versus the adjusted value.
Offer position
Max allowable offer
$2,299,300
Offer $/acre
$10,651/ac
Projected profit
$1,207,133
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-169529 | 199.1 | Jul 27, 2026 | $3,333,800 | 16,748 | 14,590 | 86 |
| NJ-379793 | 241.0 | Jul 19, 2025 | $5,009,100 | 20,784 | 27,340 | 78 |
| NJ-438362 | 85.5 | Jan 21, 2026 | $1,284,700 | 15,031 | 14,740 | 75 |
| NJ-746850 | 28.6 | Oct 24, 2024 | $615,900 | 21,551 | 17,877 | 54 |
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.