$1,700,000
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40 Prospect Street, Summit, NJ 07901

3 Beds
2 Baths
1,940 Sq Ft

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

  • MLS# 22535176
  • Date Listed11/22/2025
  • Days on Realty 2 Days
  • Bedrooms 3
  • Bathrooms 1 Full baths, 1 Half baths
  • Lot Size 0.31 acres (13,504 sq. ft)
  • Sewer Public Sewer
  • Subdivision Canoe Brook
  • County Union
  • Year Built 1923
  • Square Feet 1,940 sq. ft
  • Price Per Sq. Ft $876.29

Interior Features

  • Cooling Multi Units
  • Heating Forced Air

Exterior / Lot Features

  • Exterior Other
  • Roof Shingle
  • Lot Size Acres 0.31
  • Lot Size SQFT 13,503.60
  • Lot Features -

Financial Considerations

  • Tax Amount $15,037
  • Terms Cash, Conventional, FHA, VA Loan

Nearby Schools

Source: School Digger

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places

Walkability in NJ / 07901

Source: Walkscore

76/100

Very Walkable

Walk Score ®

42/100

Some Transit

Transit Score ®

31/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. A few nearby public transportation options. Minimal bike infrastructure.

Transit Summary

4 nearby routes: 2 bus, 2 rail, 0 other


Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 31/100, Transit Score: 7/100, Bike Score: 28/100.

Property Change History

Agent added 17 new photos to the listing
118 photos
Property description updated with new details

Points of Interest near 40 Prospect Street, Summit, NJ 07901

Frequently Asked Questions for 40 Prospect Street

Source: Realty.com

40 Prospect Street, Summit, NJ 07901 is a Single Family 1,940 sq. ft. home listed for sale. Realty.com has 18 photos available of this 3 bed, 2 bath house, listed at $1,700,000. View sales and tax history, use our mortgage calculator and more on Realty.com

Realty.com has 18 photos of 40 Prospect Street.

Our records indicate that 40 Prospect Street was built in 1923.

The full address for this home is 40 Prospect Street, Summit, NJ 07901.

40 Prospect Street has been listed on Realty.com since Sat November 22, 2025

Most errands can be accomplished on foot. A few nearby public transportation options. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 31/100, Transit Score: 7/100, Bike Score: 28/100.

There are 3 schools assigned to this home. Check out the schools near 40 Prospect Street. Brayton Elementary School (Grades: 1 - 5), L.c. Johnson Summit Middle School (Grades: 6 - 8), Summit Senior High School (Grades: 9 - 12)

Listing provided courtesy of: Exp Realty (tel: 732-933-0200)
Listing agent: Senada Grafas (tel: 732-933-0200) (#55875)

This content last refreshed on 2025-11-24 23:35:44. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 40 Prospect Street, Summit, NJ 07901 : MLS# 22535176