Address
40 Prospect Street, Summit, NJ
Price
$ 1,700,000
Property Attributes
- ID#2607798R
- TypeSingle Family
- Listing Status Under Contract
- CountyUnion
- CitySummit
- NeighborhoodCanoe Brook
- Zip07901
- StyleColonial
- Year Built1923
- Taxes$ 15037
- Price$ 1,700,000
- Bedrooms3
- Full Bathrooms1
- Half Bathrooms1
- Sqr Footage1940
- Lot Size0.31 Acres
Data Source:
All Jersey MLS
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
| Price History | |
|---|---|
| 1/9/2026 | Listed $1,700,000 |
General Features
| Living Area | 1940 |
|---|---|
| Sewer | Public Sewer |
| Heating | Baseboard,Radiant,Baseboard Hotwater |
| Cooling | Wall Unit(s),Window Unit(s) |
| Utilities | Electricity Connected,Natural Gas Connected |
| Roof | Asphalt |
| Year Built | 1923 |
| Stories Count | 2 |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2024 |
| County | Union |
| Property Type | Residential |
| Full Baths | 1 |
| Status | Under Contract |
| City | Summit |
| Lot Size Square Feet | 13504 |
| Tax Annual Amount | 15037 |
| Living Area Units | Square Feet |
| Standard Status | Active Under Contract |
| Appliances | Dishwasher,Dryer,Electric Range/Oven,Microwave,Refrigerator,Range,Washer,Gas Water Heater |
| Gas Y/N | Natural Gas |
| Virtual Tour | https://www.propertypanorama.com/instaview/msx/2607798R |
| Garage Spaces | 2 |
| Architectural Style | Colonial |
| Ownership | Fee Simple |
| Attached Garage | false |
| Subdivision Name | Canoe Brook |
| Garage Y/N | true |
| Total Rooms | 7 |
| Senior Community Y/N | false |
| Carport Y/N | false |
| HOA Fee 2 Frequency | Monthly |
| Property Attached Y/N | false |
| Patio/Porch Features | Deck |
Interior Features
| Interior Amenities | Entrance Foyer,Kitchen,Bath Half,Living Room,Den,Dining Room,1 Bedroom,2 Bedrooms,3 Bedrooms,Bath Full,None |
|---|---|
| Flooring | Carpet,Ceramic Tile,Wood |
| Total Stories | 2 |
| Heating Y/N | true |
| Half Baths | 1 |
| Total Baths | 2 |
| Basement | Full,Daylight,Storage Space,Laundry Facilities |
| Fireplace Y/N | false |
| Total Bedrooms | 3 |
| Kitchen Features | Eat-in Kitchen |
| Dining Room Features | Formal Dining Room |
Exterior Features
| Parking Features | 1 Car Width,Garage,Detached |
|---|---|
| Lot Features | See Remarks |
| Water Source | Public |
| Lot Size Area | 0.31 |
| Building Area Total | 1940 |
| Lot Dimensions | 0.00 x 0.00 |
| Lot Size Acres | 0.31 |
| Covered Spaces | 2 |
| Exterior Amenities | Deck |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 07901
Price
Taxes
Year Built
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Last date updated: September 17, 2026 8:30 PM UTC Source: New Jersey Multiple Listing Service, Inc. "© 2026 New Jersey Multiple Listing Service, Inc. All rights reserved."
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