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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

Detached,Colonial

Lot Size

0.31

Year Built

1923

Town/City

Summit

County/Region

Union

MLS | Web ID

22535176
Features
Interior
Interior Amenities Attic
Basement Unfinished
Total Fireplaces 1
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Half Baths 1
Total Bedrooms 3
Total Baths 2
Heating-Forced Air True
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General
Sewer Public Sewer
Heating Forced Air
Cooling Multi Units
Roof Shingle
Garage Spaces 2.0
Architectural Style Detached Colonial
Year Built 1923
Stories Count 2
Property Subtype Single Family Residence
Tax Year 2024
County Union
New Construction N
Property Type Residential
HOA N
Attached Garage N
Subdivision Name Canoe Brook
Garage Y/N Y
Total Rooms 0
Full Baths 1
Status Active
Directions Use GPS
City Summit
Senior Community Y/N N
MLS Area None
Lot Size Square Feet 13503.6
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 15037.0
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor Summit (SUM)
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 345200
Water Body Access Y/N None
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Exterior
Exterior Amenities Other
Lot Size Area 0.31
Spa N
Building Area Total 1940.0
Lot Size Acres 0.31
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 40
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* Excluded Features
List By
Senada Grafas

Listing Agent

Exp Realty

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
742343 Elementary School
742618 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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