Closed$320,000
TLC ≈ $2,872/mo
2 1 —
12 norwich Place, Franklin Twsp, NJ 08873
42 Margaret Drive, Somerset County, NJ 08873
$950,000
4 beds 3 baths 5,020 sqft Built 20003 days on marketActive
About this home
** Calling for highest and best Wednesday 9/16 at noon** Welcome to 42 Margaret Drive, a spacious four-bedroom, 2.5-bath Colonial situated on a desirable fenced corner lot in Somerset. The generous floor plan features hardwood floors, formal living and dining rooms, a private home office, and a dramatic two-story family room with oversized windows and a gas fireplace. The kitchen offers stainless-steel appliances, granite countertops, custom cabinetry, and an eat-in area with sliding doors leading to the paver patio and backyard.Upstairs, the primary suite includes a walk-in closet and private bath with a soaking tub and separate shower, along with three additional generously sized bedrooms and a main bath. The finished basement provides plenty of flexible space for entertaining, media areas, a home gym, bar, storage, and more. Additional features include NEWER ROOF mudroom/laundry room, lawn sprinkler system, dual-zone air conditioning, and an attached three-car garage. Conveniently located near shopping, major roadways, and everyday amenities, this home offers abundant space and plenty of potential to make it your own. ** Showings limited to 9/12-9/13 appointments and open houses **
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 4% APR.
Your estimated payment
$7,374/mo
- Real estate (PITI + HOA + PMI)
- $7,166
- Utilities
- $662
- Transportation
- $129
- Other (entertainment)
- $158
Principal + interest$4,309
Property tax + insurance$2,501
PMI / 2nd mortgage$356
Heating + cooling$169
Internet + TV + phone$158
Water + sewer + garbage$58
Car insurance + maintenance$129
Budget$7,874/mo
Remaining after TLC$500/mo
Purchase price
$950,000
Down payment
$47,500 (5%)
Loan amount
$902,500
APR
4%
Quick facts
Type
Single Family Residence
Style
Colonial, Two Story
Year built
2000
Lot size
0.54 ac
Stories
2
Heating
Zoned, Radiant, Forced Air
Cooling
Central Air, Ceiling Fan(s), Zoned
Water
Public
HOA
—
Annual tax
$17,312
MLS #
2704122R
County
Somerset
At a glance
Air conditioning
Fireplace
Basement
Garage (3)
Dishwasher
Home features
Appliances
Self Cleaning OvenDishwasherDisposalDryerFree-Standing FreezerGas Range/OvenExhaust FanMicrowaveRefrigeratorRangeWasherGas Water Heater
Interior
Entrance FoyerKitchenLibrary/OfficeBath HalfLiving RoomOther Room(s)Dining RoomFamily Room4 BedroomsBath FullBath MainAttic
Exterior
Open Porch(es)PatioEnclosed Porch(es)
Parking
Concrete2 Car Width3 Cars DeepGarageAttachedBuilt-In GarageDetachedGarage Door Opener
Patio & porch
PorchPatioEnclosed
Fireplace
Gas
Kitchen
Kitchen IslandEat-in Kitchen
Dining
Formal Dining Room
Flooring
Carpet, Ceramic Tile, Wood
Roof
Asphalt
Sewer
Public Sewer
Ownership
Fee Simple
Lot features
Near Shopping, Corner Lot, Level
Neighborhood — 08873
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 39,923 | 8,832,837 | 299,088,112 |
| Population Change Since1990 | 14.00% | 14.00% | 20.00% |
| Population Density | 1,217 | 1,137 | — |
| Male | 19,252 | 4,307,827 | 147,432,321 |
| Female | 20,671 | 4,525,010 | 151,655,844 |
| Never Married | 9,389 | 1,965,811 | 63,775,926 |
| Married | 16,716 | 3,647,435 | 123,120,365 |
| Separated | 1,619 | 391,239 | 12,639,686 |
| Widowed | 2,239 | 515,172 | 15,467,586 |
| Divorced | 2,415 | 529,393 | 23,075,029 |
| Number Of House Hold | 14,858 | 3,167,345 | 111,826,380 |
| Average House Hold Size | 2.62 | 2.73 | 2.60 |
| Medial Age | 37.61 | 37.15 | 35.46 |
| Median House Hold Income | $77,737 | $63,392 | $48,276 |
| Average House Hold Income | $84,348 | $83,312 | $63,629 |
| P C I | $32,104 | $30,662 | $24,529 |
| M D I | $62,455 | $52,505 | $41,133 |
| A T H E | $62,776 | $61,369 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 81.56% | 81.02% | 77.74% |
(Zip) Code
8873
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
Open in Google Maps →Recently sold nearby
Listing information last refreshed 9/12/2026. Provided courtesy of BETTER HOMES&GARDENS RE MATURO via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.