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

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

$ 15,037

Style

Colonial

Lot Size

0.31

Year Built

1923

Town/City

Summit

County/Region

Union

MLS | Web ID

2607798R
Features
General
Living Area 1940
Sewer Public Sewer
Heating Baseboard Radiant Baseboard Hotwater
Cooling Wall Unit(s) Window Unit(s)
Utilities Electricity Connected Natural Gas Connected
Roof Asphalt
Appliances Dishwasher Dryer Electric Range/Oven Microwave Refrigerator Range Washer Gas Water Heater
HOA Fee 0
Garage Spaces 2
Gas Y/N Natural Gas
Patio/Porch Features Deck
Architectural Style Colonial
Year Built 1923
Stories Count 2
Levels Two
Property Subtype Single Family Residence
Tax Year 2024
Ownership Fee Simple
HOA Fee 2 0
County Union
Property Type Residential
Attached Garage No
MaintenanceExpense 0
Subdivision Name Canoe Brook
Garage Y/N Yes
Total Rooms 7
Full Baths 1
Close Price 0
Status Active
City Summit
Senior Community Y/N No
Lot Size Square Feet 13504
Carport Spaces 0
Carport Y/N No
HOA Fee 2 Frequency Monthly
Property Attached Y/N No
Tax Annual Amount 15037
Living Area Units Square Feet
Standard Status Active
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Interior
Interior Amenities Entrance Foyer Kitchen Bath Half Living Room Den Dining Room 1 Bedroom 2 Bedrooms 3 Bedrooms Bath Full None
Basement Full Daylight Storage Space Laundry Facilities
Flooring Carpet Ceramic Tile Wood
Total Fireplaces 0
Total Stories 2
Heating Y/N Yes
Fireplace Y/N No
Half Baths 1
Total Bedrooms 3
Kitchen Features Eat-in Kitchen
Total Baths 2
Dining Room Features Formal Dining Room
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Exterior
Exterior Amenities Deck
Parking Features 1 Car Width Garage Detached
Lot Features See Remarks
Water Source Public
Lot Size Area 0.31
Building Area Total 1940
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.31
Covered Spaces 2
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* Excluded Features
List By
SENADA GRAFAS

Listing Agent

Exp Realty, Llc

Broker

senadapel@gmail.com

Email

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
392003 Elementary School
392100 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/22/2025$1,700,000 Listed Price

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40 Prospect Street, 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 Street 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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