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3 Beds
2 Baths
1,940 sqft

$1,700,000

40 Prospect Street, Summit NJ, 07901

Price per sqft$876.29
Built in1923
Property size1,940 sqft
Property typeResidential

Overview

Under contract

Listed Nov 21, 2025

Updated 4 days ago

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

$11,310/mo

Est. mortgage payment based on a $1,700,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2607798R

Interior Features

Bedrooms
3
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.31 Acres

Other Property Details

Taxes
$15,037
Tax Frequency
Annually
Secondary Association Fee
Not Listed
Secondary Association Fee Frequency
Monthly
Garage
Yes
55+/Senior Community
No

Courtesy of EXP REALTY, LLC with ,
Listing Contact:  

 

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