Date
Details
Price
Change
Source
11/21/2025
Listed
$1,700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/16
$1,700,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/16
Property 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. Strictly ''AS IS'' sale, buyer responsible for C/O
Full Property Details
Full Property Details for 40 Prospect St
General
- Price: $1,700,000
- Taxes: $15,036 (2024)
- Status: Active
- Type: Single Family
- Source: Garden_State
- MLS ID: 3999057
- Updated: 11/23/2025
- Added to Site: 55 day(s) ago
Interior
- Number of Rooms: 7
- Number of Fireplaces: 1
- Fireplace(s): Living Room, Wood-Burning
- Appliances: Cooktop - Electric, See Remarks
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Kitchen: Eat-In Kitchen, Separate Dining Area
Exterior
- Exterior Features: Deck
Parking
- Garage: Yes
- Garage Spaces: 2
- Garage Description: Detached Garage
Location
- County: Union
- Driving Directions: Use GPS
Heating & Cooling
- Cooling Type: Wall A/C Unit(s)
- Heating Type: Radiators - Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Architectural Style: Colonial
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Asphalt Shingles
- Square Feet: 1,940
- Year Built: 1923
Lot Features
- Lot Size (Acres): 0.31
- Lot Size: .31
- Driveway/Sidewalk: Driveway-Exclusive
Financial Considerations
- Assessment Amount: $345,200
- Land Assmt: $199,800
- Tax Amount: $15,036
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Disclosures: Yes
- APN: 2918-03202-0000-00020-0000-
- Block: 3202
- Lot Number: 20
Listed by Exp Realty, Llc
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 40 Prospect St —
Exp Realty, Llc
646-512-2926
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 40 Prospect St
School District:Summit City School District
| Name | Grades | Distance |
|---|---|---|
L C Johnson Summit Middle School 272 Morris Avenue, Summit, NJ 07901 | 6-8 | 0.2 mi |
Summit Sr High School 125 Kent Place Boulevard, Summit, NJ 07901 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 40 Prospect St
Tax History
Tax History for 40 Prospect St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$15,037
1%
$345,200
—
2023
$14,937
1%
$345,200
—
2022
$14,785
-1%
$345,200
—
2021
$14,902
-1%
$345,200
—
2020
$15,051
1%
$345,200
—
2018
$14,971
-1%
$345,200
—
2017
$15,068
1%
$345,200
—
2016
$14,847
2%
$345,200
—
2015
$14,557
-3%
$345,200
—
2019
$15,068
7%
$345,200
—
2013
$14,022
—
$345,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 40 Prospect St
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 3Total Baths
- 2,722Sq. Ft.
Listed by Weichert Realtors
- Single Family
- Active
- Updated 12 hours ago
- 4Beds
- 3Total Baths
Listed by Weichert Realtors
- Single Family
- Active
- Updated 7 days ago
- 5Beds
- 4Total Baths
Listed by Lois Schneider Realtor
- Single Family
- Active
- Updated 16 hours ago
- 5Beds
- 4Total Baths
- 3,083Sq. Ft.
Listed by Weichert Realtors
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 3Total Baths
Listed by Conte Schelling Team (973) 714-9249
- Single Family
- Active
- Updated 5 hours ago
- 3Beds
- 5Total Baths
Listed by Premiumone Realty
- Single Family
- Active
- Updated 2 days ago
- 6Beds
- 7Total Baths
Listed by Premiumone Realty
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Single Family
- Active
- Updated 2 hours ago
- 3Beds
- 3Total Baths
- 3,200Sq. Ft.
Listed by Keller Williams Mid-Town Direct
- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 4Total Baths
Listed by Weichert Realtors
- Commercial Lease
- Active
Listed by Coldwell Robert Michael Realty
- Commercial Lease
- Active
Listed by Coldwell Robert Michael Realty
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Single Family
- Closed
- 4Beds
Listed by Prominent Properties Sir
Sold by Weichert Realtors
Sold by Weichert Realtors
- Single Family
- Closed
- 4Beds
Listed by The Jodi and Joanna Group
Sold by The Kulback Group
Sold by The Kulback Group
- Single Family
- Closed
- 4Beds
Listed by Deborah "Debbie" Williams
Sold by The Debbie Rybka Howard Team
Sold by The Debbie Rybka Howard Team
- Single Family
- Closed
- 3Beds
Listed by Prominent Properties Sir
Sold by Keller Williams - Nj Metro Group
Sold by Keller Williams - Nj Metro Group
40 Prospect St, Summit, NJ 07901 (MLS# 3999057) is a Single Family property with 3 bedrooms, 1 full bathroom and 1 partial bathroom. 40 Prospect St is currently listed for $1,700,000 and was received on November 21, 2025. Want to learn more about 40 Prospect St? Do you have questions about finding other Single Family real estate for sale in Summit? You can browse all Summit real estate or contact a Coldwell Banker agent to request more information.