Comparable sales & offer analysis
Parcel NJ-523098
Union County, NJ · 1.89 ac · Recreational · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$58,200
Adjusted value
$78,270
Value range
$56,433–$100,106
Comp $/acre
$41,413/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -25.6% versus the adjusted value.
Offer position
Max allowable offer
$44,726
Offer $/acre
$23,664/ac
Projected profit
$23,481
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-802939 | 1.7 | Jul 27, 2026 | $42,700 | 25,399 | 25,107 | 85 |
| NJ-253401 | 2.4 | Apr 14, 2026 | $100,600 | 42,809 | 30,389 | 81 |
| NJ-184292 | 4.5 | Apr 27, 2026 | $211,500 | 47,220 | 39,722 | 76 |
| NJ-303892 | 3.4 | Jul 27, 2026 | $186,200 | 55,585 | 55,857 | 74 |
| NJ-613477 | 2.5 | Sep 12, 2024 | $135,600 | 54,670 | 58,748 | 71 |
| NJ-444283 | 4.5 | Jul 27, 2026 | $189,600 | 42,602 | 35,456 | 71 |
| NJ-133931 | 3.5 | Aug 19, 2025 | $228,700 | 66,292 | 48,850 | 69 |
| NJ-341573 | 0.6 | Nov 28, 2025 | $25,100 | 39,796 | 50,579 | 63 |
| NJ-561444 | 0.6 | Aug 13, 2024 | $14,500 | 25,500 | 31,720 | 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.