About This Home

This 3-bedroom, 2-bathroom single family at 40 Prospect St in Summit City, NJ is listed for $1,700,000 ($876 per sqft). Built in 1923, the home offers 1,940 sqft of living space on a 0.31 acres lot.

Key Features

  • Built in 1923
  • 0.31 acre lot
  • Fireplace

Property Details

1 full, 1 half
2-car garage
1923

Amenities

Fireplace
Listing 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

Monthly Cost Estimate

$9,092/mo

20% down · 6.5% · 30 years

Principal$1,229
Interest$7,367
Insurance$496

Estimates only. Actual payments may vary.

Location

40 Prospect St

Summit City, NJ 07901-2522

Features & Amenities

Exterior Features

Deck

Property Details

Outdoor Features

Deck

Heating

Hot Water(Heating)Other (Heating)

Appliances

CookElec

Questions & Answers

This 3-bedroom, 2-bathroom single family at 40 Prospect St is listed at $1,700,000 ($876/sqft). The estimated monthly payment is $9,092 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1923, 0.31 acre lot, Fireplace. Exterior Features: Deck.

This property is listed by SENADA GRAFAS.

SG

SENADA GRAFAS

Agent at eXp Realty, LLC

Listed by eXp Realty, LLC · Broker phone: (866) 201-6210 · View on Broker Site · Broker website

MLS# 3999057· Source: Garden State MLS, LLC· 345 days on PropertySimple

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

40 Prospect St, Summit City, NJ 07901-2522

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