CMA — 307 Mercer Ct, Hackettstown NJ | ProLegacy Realty
Comparative Market Analysis

307 Mercer Court

Hackettstown · New Jersey · 07840
Bedrooms
2
Bathrooms
2
Living Area
1,194 sf
Year Built
1998
Current Taxes
$5,206/yr
Estimated Market Value
$365,000
Market-supported estimate · July 2026
Recommended List Price
$349,900
Strategic launch price
Overview
Subject Property
Condo · Townhome · Hackettstown

307 Mercer Court

Hackettstown, New Jersey 07840 · Warren County
307 Mercer Ct
Living Area
1,194 sq ft
Bedrooms / Baths
2 Bed / 2 Bath
Year Built
1998
Building Type
Condominium · Townhome
Current Taxes
$5,206/yr
Last Sale Date
2013
Last Sale Price
$178,700
Report Date
July 2026
Municipality
Hackettstown
School District
Hackettstown Public Schools
Key Features
1,194 sf
2 Bedrooms
2 Baths
1998 Build
Est. $/SF (Market)
~$306/sf
Market Data
Comparable Sales
301 Tulsa Ct
Comparable 01
Sold
301 Tulsa Ct
Hackettstown, NJ 07840 · 0.07 mi
$336,500
Sold Nov 17, 2025 · $282/sf · 40 DOM
2 Beds
2 Baths
1,194 sf
Built 1999
301 Tulsa Ct is an exact floorplan match for the subject — same bed/bath count, same 1,194 sf, and effectively the same build year, just a few blocks away. This is about as clean a comp as it gets for this complex.
Adjusted Indication (at $282/sf): ~$337,000
Baseline comp
305 Tulsa Ct
Comparable 02
Sold
305 Tulsa Ct
Hackettstown, NJ 07840 · 0.09 mi
$375,000
Sold Jan 5, 2026 · $314/sf · 53 DOM
2 Beds
2 Baths
1,194 sf
Built 1999
305 Tulsa Ct is the identical floorplan to 301 Tulsa Ct, just seven weeks later — and it sold for $38,500 more, an 11% jump in under two months. That's a meaningful signal that this complex has been appreciating quickly through the winter into 2026.
Adjusted Indication (at $314/sf): ~$375,000
Most recent, weighted higher
Comparable analysis considers living area, unit type, price per square foot, age, current market activity, and likely buyer perception. Adjustments are estimated and intended for broker opinion of value purposes only. Both comps are the identical floorplan and build year to the subject, making this an unusually clean comparison. Given the clear upward trend between the two sales (Nov 2025 to Jan 2026), the estimate below weights the more recent sale more heavily rather than using a simple average.
Subject
$365K
Est. Value
List Price
$349,900
Launch Strategy
Comp 01
$336.5K
1,194 sf · $282/sf
Comp 02
$375K
1,194 sf · $314/sf
Pricing Analysis
Market Valuation
ProLegacy Realty · CMA

307 Mercer Ct, Hackettstown NJ

Estimated Market Value
$365,000
~$306 / sq ft · July 2026
301 Tulsa Ct — closed Nov 2025, identical floorplan ($282/sf) $336,500
305 Tulsa Ct — closed Jan 2026, identical floorplan ($314/sf) $375,000
Price change between the two sales (7 weeks apart) +$38,500 (+11%)
Simple average $/sf of both comps $298/sf
Trend-weighted $/sf (leaning toward more recent sale) ~$306/sf
Applied to subject living area (1,194 sf) ~$365,000
Recommended List Price $349,900
Methodology: Both comparables are the identical floorplan and build year to the subject, which makes this one of the cleanest comps available. Rather than simply averaging the two $/sf figures ($282 and $314, for $298/sf), this estimate weights the more recent January 2026 sale more heavily given the clear 11% price jump between the two closings just seven weeks apart — landing at approximately $306/sf, or $365,000 for the subject's 1,194 sq ft. Pricing Strategy: The recommended list price is intentionally positioned just under the $350,000 threshold to widen buyer search exposure and encourage competitive offers toward the property's estimated market value.
Context & Strategy
Market Notes

Hackettstown Market Overview

This condo community off Tulsa Ct and Mercer Ct has shown a clear upward price trend over the past several months, with the January 2026 sale of 305 Tulsa Ct closing 11% above November 2025's sale of 301 Tulsa Ct — both the identical floorplan to the subject.

Subject Property Opportunity

At 1,194 sq ft with 2 bedrooms and 2 bathrooms, 307 Mercer Ct is functionally identical to both comparables — same complex era, same floorplan, same square footage. This is about as direct a comp match as a CMA gets, which gives this estimate unusually high confidence.

Pricing Strategy & Buyer Psychology

Launching just below the $350,000 mark keeps the listing visible to buyers searching under that threshold while remaining close to the estimated value. Both comps took 40-53 days to sell, so early, accurate pricing matters to keep momentum in the first few weeks.

Why the $365,000 Estimate Is Supported

301 Tulsa Ct and 305 Tulsa Ct are the identical floorplan and build year to the subject, giving this analysis unusually strong comp quality. The clear appreciation between the two sales — up 11% in seven weeks — supports weighting the estimate toward the more recent, higher sale rather than a flat average, landing at approximately $365,000.

Ashley Matyas

Ashley Matyas

Realtor Associate · Lic# 2566666 · ProLegacy Realty, LLC
📞 (908) 294-3260

Before stepping into sales, Ashley spent years on the operational side of real estate — managing transactions from contract to closing across multiple states, coordinating with attorneys, lenders, and title companies, and learning firsthand exactly what it takes to get a deal to the finish line no matter where it's happening. That hands-on, multi-state experience gave her a depth of process knowledge that most agents don't build until much later in their careers.

Today, Ashley brings that same precision and follow-through to every client relationship. She's licensed in both New Jersey, where she's affiliated with ProLegacy Realty, and still maintains her Florida license — giving her clients the benefit of an agent who understands multiple markets and knows what's happening behind the scenes before it happens.

Whether you're buying, selling, or navigating a move between states, Ashley brings clarity, precision, and a genuine understanding of the full transaction — not just the sales side of it.

PRO LEGACY REALTY LLC
This Comparative Market Analysis is prepared for informational purposes only and does not constitute a licensed appraisal. Values are based on available property data, property details, comparable market activity, and current market conditions as of July 2026. All adjustments are estimated. Market conditions are subject to change. This report does not guarantee any specific sale price.