40 Prospect St Summit, NJ 07901
Estimated payment $10,417/month
Highlights
- Colonial Architecture
- Attic
- No HOA
- L C Johnson Summit Middle School Rated A+
- 1 Fireplace
- 2 Car Detached Garage
About This Home
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
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $15,037
Year Built
- Built in 1923
Lot Details
- 13,504 Sq Ft Lot
Parking
- 2 Car Detached Garage
Home Design
- Colonial Architecture
- Shingle Roof
Interior Spaces
- 1,940 Sq Ft Home
- 2-Story Property
- 1 Fireplace
- Attic
- Unfinished Basement
Bedrooms and Bathrooms
- 3 Bedrooms
Utilities
- Multiple cooling system units
- Forced Air Heating System
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- Canoe Brook Subdivision
Listing and Financial Details
- Assessor Parcel Number 18-03202-0000-00020
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,037 | $345,200 | $199,800 | $145,400 |
| 2024 | $14,937 | $345,200 | $199,800 | $145,400 |
| 2023 | $14,937 | $345,200 | $199,800 | $145,400 |
| 2022 | $14,785 | $345,200 | $199,800 | $145,400 |
| 2021 | $14,902 | $345,200 | $199,800 | $145,400 |
| 2020 | $15,051 | $345,200 | $199,800 | $145,400 |
| 2019 | $15,068 | $345,200 | $199,800 | $145,400 |
| 2018 | $14,971 | $345,200 | $199,800 | $145,400 |
| 2017 | $15,068 | $345,200 | $199,800 | $145,400 |
| 2016 | $14,847 | $345,200 | $199,800 | $145,400 |
| 2015 | $14,557 | $345,200 | $199,800 | $145,400 |
| 2014 | $14,181 | $345,200 | $199,800 | $145,400 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/22/2025 11/22/25 | For Sale | $1,700,000 | -- | $876 / Sq Ft |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22535176
APN: 18-03202-0000-00020
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
- 67 Tulip St
- 42 Locust Dr
- 68-86 New England Ave Unit 32
- 610 Springfield Ave
- 3 Oak Ridge Ave
- 22 Oak Ridge Ave
- 27 Pine Grove Ave
- 2 Colt Rd
- 18 Colony Dr
- 10 Fairview Ave
- 28 Glenside Ave
- 24 Franklin Place
- 13 Edgar St
- 21 Valemont Way
- 133 Summit Ave Unit 43
- 133 Summit Ave Unit 16A
- 133 Summit Ave Unit 39
- 23 Euclid Ave
- 65 Woodland Ave
- 11 Van Dyke Place
- 26 Locust Dr
- 548 Springfield Ave
- 603 Springfield Ave Unit 101
- 603 Springfield Ave Unit 103
- 105 New England Ave
- 67-75 New England Ave Unit 69b
- 18 Walnut St Unit A
- 30 Woodland Ave Unit 3
- 83-85-87 Summit Unit 3A
- 390 Morris Ave Unit 4
- 390 Morris Ave Unit 35
- 390 Morris Ave Unit 8
- 306 Springfield Ave Unit 1
- 15 Edgar St Unit A
- 123-127 Summit Ave
- 145-147 Summit Ave
- 180 Summit Ave Unit F
- 180 Summit Ave Unit B
- 20 Orchard St Unit 6
- 23 Gates Ave
Ask me questions while you tour the home.