Comparable sales & offer analysis
Parcel NJ-690901
Union County, NJ · 0.38 ac · Recreational · Landlocked · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$11,300
Adjusted value
$13,231
Value range
$10,605–$15,858
Comp $/acre
$34,819/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -14.6% versus the adjusted value.
Offer position
Max allowable offer
$7,561
Offer $/acre
$19,897/ac
Projected profit
$3,969
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 | 28,970 | 84 |
| NJ-341573 | 0.6 | Nov 28, 2025 | $25,100 | 39,796 | 41,319 | 75 |
| NJ-680740 | 0.3 | Sep 26, 2024 | $24,800 | 72,870 | 44,043 | 75 |
| NJ-280940 | 0.4 | Dec 24, 2023 | $15,100 | 37,664 | 33,655 | 72 |
| NJ-561444 | 0.6 | Aug 13, 2024 | $14,500 | 25,500 | 25,905 | 67 |
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.