For Sale

40 Prospect St,Summit City, NJ 07901-2522

November 22, 2025

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. Photos coming soon – strictly ”AS IS” sale, buyer responsible for C/O

Property ID:PT-12880296-AXZR

Offer Type:For Sale

Property Type:Single Family

Price: 1,700,000 $

Bedrooms:3

Bathrooms:1

Year Built:1923

Listing Details

Status: Active

Location

County: Union

Lotsize: .310

Lot Identifier: 20

Home Details

Total Baths: 1.10

Partial Baths: 1

Basement: Yes

Exterior Description: CedarSid,WoodShng

Roof Description: Asphalt Shingle

Garage Description: Detached Garage

Number of Garage Spaces: 2

Style: Colonial

Acreage: 0.31

Appliances: Cooktop - Electric

Basement Description: Unfinished

Fireplace: Living Room, Wood Burning

Kitchen Area: Eat-In Kitchen, Separate Dining Area

Number of Fireplaces: 1

Number of Rooms: 7

YB/Desc: 1923 - Approximate

Easement: No

Parking/Driveway Description: Driveway-Exclusive

Primary Style: Colonial

Block Identifier: 3202

County Number: 29

Town Number: 2918

Possession: At Closing

Utilities

Water Heater: Gas

Heat Source: Gas-Natural

Heat System: Radiators - Hot Water

Cool System: Wall A/C Unit(s)

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas-Natural

Taxes, Fees & Assessments

Ownership Type: Fee Simple

Tax ID For Property: 2918-03202-0000-00020-0000-

Tax Amount: $15,036.00

Tax Year: 2024

Tax Rate: 4.356%

Tax Rate Year: 2025

Land Assessment: $199,800.00

Building Assessment: $145,400.00

Total Assessment: $345,200.00

Community Living: No

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Listing Details

40 Prospect St,Summit City, NJ 07901-2522

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