Sold
Last Sold Price
3 beds
40 Drake Rd, Somerset, NJ 08873
Single FamilyProperty Type
10,018 sq ftLot Size
1963Year Built
3 carsParking Spaces

Description

Welcome to this 3-bedroom, 1.5-bath home located in the Franklin neighborhood. This property offers a fantastic opportunity for buyers looking to add their personal touch and unlock its full potential. With a solid layout and great bones, it's an ideal choice for Owner-occupants or investors ready to bring their vision to life. Centrally located near schools, public transportation, major highways, and train access, the convenience can't be beat. Being sold strictly as-is, this home is priced to reflect...Welcome to this 3-bedroom, 1.5-bath home located in the Franklin neighborhood. This property offers a fantastic opportunity for buyers looking to add their personal touch and unlock its full potential. With a solid layout and great bones, it's an ideal choice for Owner-occupants or investors ready to bring their vision to life. Centrally located near schools, public transportation, major highways, and train access, the convenience can't be beat. Being sold strictly as-is, this home is priced to reflect its condition and presents an excellent chance to build equity in Franklin.
  • Listed by: JENNIFER GREEN • RE/MAX FIRST REALTY II
  • Listed by: VITO CICCHETTI • RE/MAX FIRST REALTY II
Listing closed: 02/26/2026 12:00 AM • Source: GSMLS Back Office, MLS#: 4005781

Recent comparable sales

Median sold price

$550,000

Avg days on market

19

Sale-to-list ratio

104.3%

Somerset, NJ

9 comparable properties found

1

$550,000

Sold 09/23/24

3
Bedrooms
Unavailable
Square Feet
0.32
Acres
$550,000 | 56 Winston Drive, Somerset, NJ 08873
1/36
2

$550,000

Sold 07/31/25

3
Bedrooms
1,486
Square Feet
0.53
Acres
3

$566,000

Sold 12/12/25

3
Bedrooms
Unavailable
Square Feet
0.23
Acres
$502,000 | 152 Clinton Street, Somerset, NJ 08873
1/17
4

$502,000

Sold 05/08/26

3
Bedrooms
1,700
Square Feet
0.37
Acres
5

$587,000

Sold 09/11/24

3
Bedrooms
Unavailable
Square Feet
0.23
Acres
6

$500,000

Sold 12/24/25

3
Bedrooms
Unavailable
Square Feet
0.46
Acres
a front view of a house with a yard and garage
1/2
7

$550,000

Sold 09/26/25

3
Bedrooms
1,580
Square Feet
0.45
Acres
$550,000 | 99 Henry Street, Somerset, NJ 08873
1/30
8

$550,000

Sold 07/31/26

3
Bedrooms
1,773
Square Feet
0.17
Acres
a living room with furniture ceiling fan and a rug
1/2
9

$453,000

Sold 08/05/26

3
Bedrooms
1,210
Square Feet
Unavailable
Acres

Location

Add your commute

Payment Calculator

$3,679 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,973

Property Taxes

$706

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 40 Drake Road

Property Details
  • Taxes: $8,471 / year
  • MLS Type: Residential
  • Style: Split Level
  • Directions: John F Kennedy Blvd to Winston Dr to Drake Rd
  • Days On Market: 21
  • Pets Allowed: Yes
  • Primary Style: Split Level
Building Information
  • Year Built: 1963
  • Lot Size: 0.23 AC / 10,018 SF
Summary
Location and General Information
  • Active Days on Market: 18
  • County #: Somerset
  • Town Name: Franklin Twp.
  • Community Living: No
  • Block Identifier: 368
  • Listing Type: Exclusive Right to Sell
  • Town #: 2708.0
  • Street # Display: 40.0
  • In-Law Suite: No
  • # Parking Spaces: 2
  • County Or Parish: Somerset
  • Street Name: Drake Rd
  • Zip Code: 08873-2304
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Code Tax: *
  • County Tax: *
  • Tax Amount: $8,471
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Code Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 533400.0
  • Tax ID For Property: 2708-00368-0000-00017-0000-
  • Tax Id Tax: *
  • Tax Rate Amount: $2
  • Tax Rate Tax: *
  • Tax Rate Year: 2025
  • Tax Year: 2024
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: 1 Car Width
  • # Garage Spaces: 1
  • Garage Description: Attached Garage
Property
Lot Information
  • Appliances: CarbMDet, CookGas, Dryer, Microwav, OvnWGas, Washer
  • Lot Identifier: 17
  • Approximate Lot Size: 80X125
  • Total Acres: 0.23
  • Construction Date/Year Built: 1963
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 213400.0
  • Assessment Land: 320000.0
  • Farm Assessment: No
Utilities
  • Cooling: 1 Unit, Central Air
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Handicap Modified: No
  • Heating: 1 Unit, Forced Hot Air
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Pool: No
  • Exterior Description: Aluminum Siding
  • Exterior Features: Curbs, Deck, Metal Fence
Interior Features
  • Interior Features: Carbon Monoxide Detector, Smoke Detector
  • Flooring: Carpeting, Laminate, Wood
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Partial
  • # Baths: 1.1
  • # Full Baths: 1
  • # Half Baths: 1
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • # Bedrooms: 3
  • Easement: No
  • # Fireplaces: 0
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Level: First
  • Dining Area: Formal Dining Room
  • Dining Room Level: First
  • Family Room Level: Ground
  • Ground Level Rooms: Bath(s) Other, Family Room
  • Living Room Level: First
  • Level 1 Rooms: Dining Room, Kitchen, Living Room
  • Level 2 Rooms: 3 Bedrooms, Bath(s) Other
  • # Rooms: 7
Rental
Rental Information
  • Home Warranty: false

Property History for 40 Drake Road

DateEvent & SourcePriceAppreciation
Feb 26, 2026

Sold

GSMLS #4005781

$585,000
Feb 20, 2026

Sold (Public Record)

Public Record #1932271879

$585,000

+99.0% / yr

Feb 5, 2026

Under Contract

GSMLS #4005781

DateEvent & SourcePrice
02/26/2026

Sold

GSMLS #4005781

$585,000
02/20/2026

Sold (Public Record)

Public Record #1932271879

$585,000

+99.0% / yr

02/05/2026

Under Contract

GSMLS #4005781

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 40 Drake Road

Taxable ValueLand$340,000Additions$213,400Total$553,400
Tax Record2025$9,276 ($773 / month)
Home Facts
Beds0Total Finished SqFt1,486 SqFtAbove Grade Finished SqFt1,486 SqFtStories2Lot Size10,001 SqFtStyleSingle Family ResidenceYear Built1963Year Renovated1963ZoningR10CountySOMERSETAPN08-00368-0000-00017

Schools near 40 Drake Road

This home is within Franklin Township Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Conerly Road Elementary School
PublicPK to 5

Franklin Middle School
Public6 to 8

Franklin Twp High School
Public9 to 12

MacAfee Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 40 Drake Road, Somerset, NJ 08873
$585,000
3
10,018
1,960
10,001
2,024
10,001
2,300
9,252
1,903
10,624
1,903
14,880

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX FIRST REALTY II, JENNIFER GREEN; RE/MAX FIRST REALTY II, VITO CICCHETTI

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 08/29/2026 05:25 AM. Source: New Jersey Multiple Listing Service, Inc. © 2026 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 08/29/2026 05:25 AM © 2026 New Jersey Multiple Listing Service Inc. All rights reserved.