40 Prospect Street
Summit, NJ 07901
3
Bed
2
Bath
1,940Sqft
0.31Acre(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 2 Full Baths: 1 Half Baths: 1Room Information
Has Basement: Yes Basement: Unfinished -
Roofing Information
Shingle -
Interior Features
Roof: Shingle -
Heating & Cooling
Has Heating: Yes Heating: Forced Air Has Cooling: Yes Cooling: Multi Units
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Building Information
Year Built: 1923 Building Area Total: 1940 Stories: 2 Private Pool: No -
Exterior Features
Exterior Features: Other
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Lot Information
Main Square Feet: 0.31 Lot Size Acres: 0.31 Lot Size Square Feet: 13503.6Property Information
Subdivision: Canoe Brook Source Property Type: Residential MLS Area Minor: Summit (SUM) Property SubType: Single Family Residence Property Age: 103
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Listing Price Information
Listing Price: $1700000
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Tax Information
Parcel Number: 18-03202-0000-00020 Tax Lot: 20 Tax Block: 3202 Tax Year: 2024 Annual Tax: $15037
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Garage Information
Has Garage: Yes Garage Space: 2
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Location Information
Direction: Use GPS
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 40 Prospect Street, Summit, NJ, 07901 | $1,700,000 | 3 | 2 | 1,940 | 1,940 SqFt |
The data relating to real estate for sale on this website comes in part from the Internet Data exchange ("IDX") program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is 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. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
ByOwner last updated this listing 06/23/2026 @ 08:35
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