Comparable sales & offer analysis
Parcel NJ-280940
Union County, NJ · 0.40 ac · Unzoned · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$17,600
Adjusted value
$16,756
Value range
$13,050–$20,462
Comp $/acre
$41,890/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +5.0% versus the adjusted value.
Offer position
Max allowable offer
$9,575
Offer $/acre
$23,937/ac
Projected profit
$5,027
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-691283 | 0.5 | Jul 27, 2026 | $12,400 | 24,400 | 36,205 | 84 |
| NJ-690901 | 0.4 | Oct 12, 2025 | $10,200 | 26,823 | 34,895 | 79 |
| NJ-680740 | 0.3 | Sep 26, 2024 | $24,800 | 72,870 | 55,043 | 74 |
| NJ-341573 | 0.6 | Nov 28, 2025 | $25,100 | 39,796 | 51,638 | 73 |
| NJ-561444 | 0.6 | Aug 13, 2024 | $14,500 | 25,500 | 32,375 | 68 |
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.