Address
40 Prospect Street, Summit, NJ
Price
$ 1,700,000
Property Attributes
- MLS#22535176
- TypeSingle Family
- Listing Status Pending
- CountyUnion
- CitySummit
- AreaNone
- NeighborhoodCanoe Brook
- Zip07901
- StyleDetached, Colonial
- Year Built1923
- Taxes$ 15037
- Price$ 1,700,000
- Bedrooms3
- Full Bathrooms1
- Half Bathrooms1
- Sqr Footage1940
- Lot Size0.31 Acres
Data Source:
Monmouth Ocean Regional REALTORS® (MOMLS)
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 | |
|---|---|
| 11/22/2025 | Listed $1,700,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Multi Units |
| Roof | Shingle |
| Garage Spaces | 2 |
| Architectural Style | Detached,Colonial |
| Year Built | 1923 |
| Stories Count | 2 |
| Property Subtype | Single Family Residence |
| Tax Year | 2024 |
| County | Union |
| New Construction | No |
| Property Type | Residential |
| HOA | false |
| Attached Garage | No |
| Subdivision Name | Canoe Brook |
| Garage Y/N | true |
| Full Baths | 1 |
| Status | Pending |
| Directions | Use GPS |
| City | Summit |
| Senior Community Y/N | No |
| MLS Area | None |
| Lot Size Units | Acres |
| Lot Size Square Feet | 13503.6 |
| Carport Y/N | No |
| Property Attached Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 15037 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| MLS Area Minor | Summit (SUM) |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Standard Status | Pending |
| Tax Assessed Value | 345200 |
| MobileHomeRemainsYN | No |
| Utilities@Core.Permissions | None |
| Water Body Access Y/N | None |
Interior Features
| Interior Amenities | Attic |
|---|---|
| Basement | Unfinished |
| Total Fireplaces | 1 |
| Basement (Y/N) | true |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Fireplace Y/N | true |
| Half Baths | 1 |
| Total Bedrooms | 3 |
| Total Baths | 2 |
| Heating-Forced Air | true |
Exterior Features
| Exterior Amenities | Other |
|---|---|
| Lot Size Area | 0.31 |
| Spa | No |
| Building Area Total | 1940 |
| Lot Size Acres | 0.31 |
| Waterfront Y/N | false |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
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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