Under contract

$499,999

40 Drake Rd, Franklin Twp., NJ 08873

3beds

--sqft

Est.:

Single Family Residence

Built in 1963

10,018.8 Square Feet Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

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.

34 days

6,523

235

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1

Bedroom 1

Level: Second

Bedroom 2

Level: Second

Bedroom 3

Level: Second

Dining room

Features: Formal Dining Room
Level: First

Family room

Level: Ground

Kitchen

Features: Eat-in Kitchen
Level: First

Living room

Level: First

Heating

1 Unit, Forced Air, Natural Gas

Cooling

1 Unit, Central Air

Appliances

Included: Carbon Monoxide Detector, Gas Cooktop, Dryer, Microwave, Wall Oven(s) - Gas, Washer, Gas Water Heater

Features

Bath(s) Other, Family Room
Flooring: Carpet, Laminate, Wood
Basement: Yes,Partial
Has fireplace: No

Property

Parking

Total spaces: 2
Parking features: 1 Car Width, Attached Garage
Attached garage spaces: 1
Uncovered spaces: 2

Features

Levels: Multi/Split,Split Level
Patio & porch: Deck
Exterior features: Curbs
Fencing: Metal Fence

Lot

Size: 10,018.8 Square Feet
Dimensions: 80 x 125

Details

Parcel number: 2708003680000000170000

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Aluminum Siding
Roof: Asphalt Shingle

Condition

Year built: 1963

Utilities & green energy

Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector

Location

Region: Somerset

Financial & listing details

Tax assessed value: $533,400
Annual tax amount: $8,471
Date on market: 1/24/2026
Exclusions: Owners personal property
Ownership type: Fee Simple
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
2/5/2026	Pending sale	$499,999
Source: GSMLS #4005781 Report a problem
1/24/2026	Listed for sale	$499,999
Source: GSMLS #4005781 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$9,324 +14.5%	$533,400 +14.5%
2024	$8,146 -3.2%	$466,000 +6.9%
2023	$8,419 +17%	$436,000 +10.1%
2022	$7,199	$396,000 +21.8%
2021	--	$325,000 +3.2%
2020	$7,021 +4.1%	$315,000 +3.3%
2019	$6,745	$305,000 +5.2%
2018	$6,745 +8.3%	$290,000 +5.5%
2017	$6,230 +6.7%	$275,000 +3.8%
2016	$5,838 +3.5%	$265,000 +6%
2015	$5,640 +6.1%	$250,000 +2%
2014	$5,313 -8.4%	$245,000 +4.3%
2013	$5,804 -2.4%	$235,000 -11.3%
2012	$5,948 +4.9%	$265,000 -6.3%
2011	$5,671 -3.9%	$282,700
2010	$5,900 -10.2%	$282,700 -11%
2009	$6,573	$317,700 -5.7%
2008	--	$336,900
2007	--	$336,900
2006	--	$336,900 +10.3%
2005	--	$305,500 +15.2%
2004	$2,294	$265,300 +7.4%
2003	--	$247,000 +15.1%
2002	--	$214,600 +18.8%
2001	--	$180,700