Comparable sales & offer analysis
Parcel NJ-831001
Somerset County, NJ · 0.41 ac · Recreational · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$10,100
Adjusted value
$8,050
Value range
$6,516–$9,584
Comp $/acre
$19,634/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +25.5% versus the adjusted value.
Offer position
Max allowable offer
$4,600
Offer $/acre
$11,220/ac
Projected profit
$2,415
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-741283 | 0.5 | Jul 27, 2026 | $12,500 | 24,522 | 19,561 | 83 |
| NJ-270398 | 0.3 | Apr 9, 2026 | $7,400 | 24,570 | 21,285 | 78 |
| NJ-450732 | 0.3 | Apr 18, 2026 | $15,900 | 46,910 | 26,322 | 77 |
| NJ-160483 | 0.3 | Aug 19, 2025 | $5,200 | 17,192 | 14,218 | 74 |
| NJ-132003 | 0.8 | Sep 9, 2025 | $21,600 | 25,440 | 17,946 | 71 |
| NJ-551954 | 0.8 | Mar 24, 2024 | $26,700 | 32,613 | 17,748 | 62 |
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.