40 Prospect Street, Summit, NJ 07901
New Listing
$1,700,000
Property Type:
Residential
Bedrooms:
3
Baths:
1.1
Square Footage:
1,940
Lot Size (sq. ft.):
13,504
Status:
Active
Current Price:
$1,700,000
List Date:
11/22/2025
Last Modified:
11/22/2025
Description
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.
Photos coming soon - strictly ''AS IS'' sale, buyer responsible for C/O
More Information MLS# 22535176
Contract Info
List Price/SqFt: 876.29
Sub-Type: Detached
Status: Active
List Date: 2025-11-21
List Price: $1,700,000
Current Price: $1,700,000
Property Sub-Type: Single Family Residence
Location
Area/Section: None
House Number: 40
Street Name: Prospect
Street Suffix: Street
County: Union
Municipality: Summit (SUM)
Postal City: Summit
State: NJ
Zip Code: 07901
Complex/Subdivision: Canoe Brook
Directions: Use GPS
General Property Info
Waterfront: No
# Levels: 2
Waterview: No
Acreage: 0.31
Fireplace: Yes
Rooms: 7
# Fireplaces: 1
Basement: Yes
Garage: Yes
# Car Garage: 2
HOA: No
Pool: No
Bedrooms: 3
Full Baths: 1
Half Baths: 1
Total Baths: 1.1
Apx SqFt: 1940
Apx Year Built: 1923
Tax and Legal
Asmnt - Total: 345200
Taxes: 15037
Tax Year: 2024
Ownership Type
Fee Simple: 1
Style
Colonial: 1
Interior
Attic: 1
Showing
Showing Time: 1
Water/Sewer
Public Sewer: 1
Basement
Unfinished: 1
Cooling
Multi Units: 1
Water Heater
Natural Gas: 1
Heating
Forced Air: 1
Exterior
Other: 1
Garage
Detached: 1
Assessment Status
Assessed: 1
Roof
Shingle: 1
Property Features
Ownership Type: Fee Simple
Style: Colonial
Interior: Attic
Basement: Unfinished
Cooling: Multi Units
Heating: Forced Air
Water Heater: Natural Gas
Exterior: Other
Garage: Detached
Roof: Shingle
Assessment Status: Assessed
Showing: Showing Time
Listing Office:
EXP Realty
Listing Agent:
Senada Grafas
Last Updated: November - 22 - 2025
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