Comparable sales & offer analysis
Parcel NJ-935581
Somerset County, NJ · 11.40 ac · Recreational · Gravel · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$480,300
Adjusted value
$442,117
Value range
$345,233–$539,001
Comp $/acre
$38,782/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +8.6% versus the adjusted value.
Offer position
Max allowable offer
$252,638
Offer $/acre
$22,161/ac
Projected profit
$132,635
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-925066 | 7.8 | Jul 27, 2026 | $215,300 | 27,425 | 27,614 | 81 |
| NJ-906145 | 17.1 | Aug 19, 2025 | $569,400 | 33,203 | 53,019 | 70 |
| NJ-655766 | 13.0 | Feb 18, 2024 | $307,900 | 23,627 | 37,927 | 70 |
| NJ-843580 | 2.7 | Jul 27, 2026 | $64,400 | 24,039 | 40,074 | 63 |
| NJ-746850 | 28.6 | Oct 24, 2024 | $615,900 | 21,551 | 36,761 | 58 |
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.