40 Prospect Street, Summit, NJ 07901

Summit
Local realty services provided by:Better Homes and Gardens Real Estate Maturo
40 Prospect Street,Summit, NJ 07901
$1,700,000
  • 3 Beds
  • 2 Baths
  • 1,940 sq. ft.
  • Single family
  • Active
Listed by: senada grafas
Office: exp realty
MLS#:22535176
Source:NJ_MOMLS

Price summary

  • Price:$1,700,000
  • Price per sq. ft.:$876.29

About this home

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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Home facts

  • Year built:1923
  • Listing ID #:22535176
  • Added:106 day(s) ago
  • Updated:March 09, 2026 at 02:27 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:1
  • Half bathrooms:1
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:1,940 sq. ft.

Heating and cooling

  • Cooling:Multi Units
  • Heating:Forced Air

Structure and exterior

  • Roof:Shingle
  • Year built:1923
  • Building area:1,940 sq. ft.
  • Lot area:0.31 Acres
  • Architectural Style:Colonial, Detached

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,700,000
  • Price per sq. ft.:$876.29
  • Tax amount:$15,037 (2024)
IDX information if provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided by Monmouth MLS. Last Updated March 9, 2026

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