MLS# 2607798R Status: Active

40 Prospect Street, Summit NJ 07901

Summit, NJ 07901

$1,700,000
  • Sq. Ft.

    1,940
  • Beds

    3
  • Baths

    1.50
  • Year Built

    1923
  • Garage

    2
  • Pool

    No

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

Courtesy of EXP REALTY, LLC

Price Per Sq Ft - $876.29
Date
11/22/2025
Status
Active
Price
$1,700,000
% Change
--
$ / sqft
$876.29
Source
EXP REALTY, LLC
 

Property Details

Interior Features: Entrance Foyer, Kitchen, Bath Half, Living Room, Den, Dining Room, 1 Bedroom, 2 Bedrooms, 3 Bedrooms, Bath Full, None
Beds: 3
Baths: 1
Half Baths: 1
Total Number of Rooms: 7
Dining Room Features: Formal Dining Room
Kitchen Features: Eat-in Kitchen
Appliances: Dishwasher, Dryer, Electric Range/Oven, Microwave, Refrigerator, Range, Washer, Gas Water Heater
Has Fireplace: No
Number of Fireplaces: 0
Has Heating: Yes
Heating: Baseboard, Radiant, Baseboard Hotwater
Cooling: Wall Unit(s), Window Unit(s)
Flooring: Carpet, Ceramic Tile, Wood
Basement: Full, Daylight, Storage Space, Laundry Facilities

Interior Details

Property Type: Residential
Property Class: Single Family Residence
Architectural Style: Colonial
Building Sq Ft: 1,940
Year Built: 1923
Stories: 2
Levels: Two
Is New Construction: No
Has Private Pool: No
Has Spa: No
Has View: No
Has Garage: Yes
Has Attached Garage: No
Garage Spaces: 2
Has Carport: No
Carport Spaces: 0
Covered Spaces: 2
Has Open Parking: Yes
Parking Features: 1 Car Width, Garage, Detached
Total Parking Spaces: 0

Exterior Details

Lot Features: See Remarks
Lot Size (Acres): 0.3100
Lot Area: 0.3100
Lot Dimensions: 0.00 x 0.00
Lot Size (Square Feet): 13,504
Exterior Features: Deck
Roof: Asphalt
Patio and Porch Features: Deck
On Waterfront: No
Property Attached: No

Utilities / Green Energy Details

Utilities: Electricity Connected, Natural Gas Connected
Gas: Natural Gas
Sewer: Public Sewer
Water Source: Public
# of Electric Meters: 0
# of Gas Meters: 0
# of Water Meters: 0

HOA and Financial Details

Tax Year: 2024
Annual Taxes: $15,037.00
Has Association: No
Association Fee: $0.00
Association Fee 2: $0.00
Association Fee 2 Frequency: Monthly
 
Veronica

Veronica Hary

Fox & Foxx Realty

(732) 642-9093
Mobile: (732) 642-9093

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