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40 Prospect St Summit, NJ $ 1,700,000
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$ 1,700,000 Get more info
40 Prospect St
$ 1,700,000
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40 Prospect St

Summit, NJ, 07901
$ 1,700,000
Bedrooms3 Baths1.1 Sq 1,940

Monthly Estimate*

$ 10,606

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Single Family Home for sale in Summit, NJ

for $1,700,000 with 3 bedrooms and 1 full bath, 1 half bath. This 1,940 square foot home was built in 1923 on a lot size of 0.31.

Introducing 40 Prospect Street - a rare opportunity in the heart of the highly desirable Summit, NJ! This longstanding 3BR/1.5BA colonial sits on an oversized lot and is ready for complete modern renovation / rebuild! Positioned in a quiet tree-lined neighborhood, this home is just minutes from downtown Summit and its restaurants, shopping, and direct rail service to NYC via NJ Transit. This property offers a combination of prime location, property size, top-rated schools, and more in one of Union County's most sought-after neighborhoods. To all homeowners and homebuilders, this is truly one with plenty of potential for its next chapter. Strictly ''AS IS'' sale, buyer responsible for C/O

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Single Family Active

Price

$ 1,700,000

Bedrooms

3

Full Bath

1

Half Bath

1

Property Type

Single Family

Taxes

$ 15,036

Style

Colonial

Lot Size

0.31

Year Built

1923

Town/City

Summit

County/Region

Union

MLS | Web ID

3999057
Features
General
Sewer Public Sewer
Heating Radiators - Hot Water
Cooling Wall A/C Unit(s)
Utilities Electric Gas-Natural
Possession At Closing
Roof Asphalt Shingle
Appliances Cooktop - Electric See Remarks
Water Heater Gas
Garage Spaces 2
Architectural Style Colonial
Year Built 1923
Garage Detached Garage
Township Summit City
Tax Year 2024
Ownership Fee Simple
County Union
Total Rooms 7
Full Baths 1
Status Active
Directions Use GPS
Tax Annual Amount 15036
Drive Driveway-Exclusive
Standard Status Active
Tax Assessed Value 345200
Town # 2918
Tax Lot 20
Primary Style Colonial
Sub Property Type Single Family
Community Living No
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Interior
Basement Unfinished
Total Fireplaces 1
Fireplace Features Living Room Wood Burning
Fuel Type Gas-Natural
Half Baths 1
Total Bedrooms 3
Kitchen Features Eat-In Kitchen Separate Dining Area
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Exterior
Exterior Amenities Deck
Water Source Public Water
Exterior Description CedarSid WoodShng
Lot Dimensions .310
Lot Size Acres 0.31
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* Excluded Features
List By
SENADA GRAFAS

Listing Agent

Exp Realty, Llc

Broker

Affordability Calculator

$11,859
Per Month
89%
11%
0%
Monthly Principal & Interest
$10,606
Monthly Property Taxes
$1,253
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
11/22/2025$1,700,000 Listed Price

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40 Prospect St, Summit, NJ, 07901 is a Single Family Home for sale at $1,700,000 with 1,940 sqft and a lot size of 0.31. 40 Prospect St has 3 bedrooms, 1.1 baths, and was built in 1923. The property's zip code is 07901 which is in Summit, NJ

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