Comparable sales & offer analysis
Parcel NJ-502937
Somerset County, NJ · 1.68 ac · Recreational · Paved · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$94,800
Adjusted value
$83,153
Value range
$62,678–$103,629
Comp $/acre
$49,496/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +14.0% versus the adjusted value.
Offer position
Max allowable offer
$47,516
Offer $/acre
$28,283/ac
Projected profit
$24,946
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-312743 | 1.5 | Oct 12, 2025 | $61,800 | 42,312 | 73,171 | 78 |
| NJ-173194 | 2.0 | Feb 4, 2026 | $48,100 | 23,793 | 35,131 | 76 |
| NJ-843580 | 2.7 | Jul 27, 2026 | $64,400 | 24,039 | 51,515 | 76 |
| NJ-741283 | 0.5 | Jul 27, 2026 | $12,500 | 24,522 | 47,819 | 70 |
| NJ-132003 | 0.8 | Sep 9, 2025 | $21,600 | 25,440 | 43,879 | 70 |
| NJ-551954 | 0.8 | Mar 24, 2024 | $26,700 | 32,613 | 43,409 | 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.