40 Beekman Ter, Summit, NJ 07901
OFF MARKET

$8,196,400

Trulia Estimate
  • 9 Beds
  • 7 Baths
  • 7,748 sqft (on 3.12 acres)

40 Beekman Ter, Summit, NJ 07901

Est. Refi. Payment $55,522/mo*
Refinance Your Home
Currently Off Market - Sold Dec 10, 2021 for $6,300,000

Home Value

Trulia Estimate
$8.2M
Since last month
Increased$95K (+1.2%)
Since last year
Increased$690K (+9.2%)
Since last sale
Increased$2M (+30.1%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +13% in the last 10 years
MonthEstimated value
2026
August 2026$8.2M
August 2026$8.18M
July 2026$8.1M
June 2026$8.32M
May 2026$8.03M
April 2026$7.9M
March 2026$7.87M
February 2026$7.83M
January 2026$7.53M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2 Colt Rd, Summit, NJ
0.48
Single-Family Home
$3,450,000
07/17/26
5
5
-
148 Beekman Rd, Summit, NJ
0.14
Single-Family Home
$1,812,148
07/13/26
4
4
-
7 Oak Forest Ln, Summit, NJ
0.21
Single-Family Home
$2,000,000
01/27/26
5
4
-
1 Harrison Ct, Summit, NJ
0.08
Single-Family Home
$1,500,000
09/10/25
4
4
-
43 Passaic Ave, Summit, NJ
0.23
Single-Family Home
$1,225,000
01/05/26
4
3
-
17 Valley View Ave, Summit, NJ
0.30
Single-Family Home
$2,100,000
12/12/25
5
4
-
62 Beekman Rd, Summit, NJ
0.33
Single-Family Home
$1,850,000
11/07/25
4
5
-
137 Beekman Rd, Summit, NJ
0.11
Single-Family Home
$1,501,000
07/10/26
4
2
-
10 Fairview Ave, Summit, NJ
0.39
Single-Family Home
$2,410,000
08/13/26
5
4
-
76 Pine Way, New Providence, NJ
0.77
Single-Family Home
$3,000,000
07/07/26
5
6
-

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
743 Springfield Ave, Summit, NJ 07901
0.09
$2,073,400
5
5
-
Off Market
1 Harrison Ct, Summit, NJ 07901
0.08
$1,585,700
4
4
-
Off Market
709 Springfield Ave #One, Summit, NJ 07901
0.11
$1,300,000
3
3
-
Recently Sold
709 Springfield Ave Unit 4 #4, Summit, NJ 07901
0.11
$1,300,000
3
3
-
Recently Sold
758 Springfield Ave, Summit, NJ 07901
0.09
$2,037,900
6
3
-
Off Market
777 Springfield Ave #15, Summit, NJ 07901
0.09
$576,300
2
3
-
Off Market
768 Springfield Ave #D1, Summit, NJ 07901
0.11
$1,072,200
2
3
-
Off Market
768 Springfield Ave #D3, Summit, NJ 07901
0.11
$1,072,200
2
3
-
Off Market
137 Beekman Rd, Summit, NJ 07901
0.11
$1,501,000
4
2
-
Recently Sold
20 Beekman Ter, Summit, NJ 07901
0.14
$1,974,400
4
4
-
Off Market
777 Springfield Ave #7, Summit, NJ 07901
0.12
$644,800
2
3
-
Off Market
724 Springfield Ave, Summit, NJ 07901
0.16
$870,000
3
2
1,410
For Sale

Local Information

  • Map ViewExplore the area around 40 Beekman Ter.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1906
Lot Size
3.12 acres
Living Area
7,748 sqft
Price/Sqft
$1,058
Parking
Garage

About this House

Another fine Summit listing from the New Jersey Luxury Real Estate (NJLRE) Group. For a private showing please contact your agent or NJLRE direct at 973-477-2220. Visit 40BeekmanTerrace.com for additional details about this spectacular home including floor plans and a virtual tour.

The earliest of three fine Rossiter Wright-designed estates, Finisterre at 40 Beekman Terrace set the tone for many other fine Summit residences. A structurally significant Colonial Revival built in1892 and fully renovated to perfection in 2004, this residence has been extensively redesigned and expanded for today's modern lifestyle, with no expense spared in restoring this stunning home. The beauty of this magnificent estate, situated on the largest residential neighborhood property in Summit, lies in its balance of refined architectural detailing, unsurpassed craftsmanship and grand open spaces, boasting 20 rooms including 9 bedrooms, 6.2 baths and 5 fireplaces. The grounds feature sweeping lawns, an expansive circular drive, 3-car garage, heated in-ground pool with pool house and wrap-around front porch.
40 Beekman Ter, Summit, NJ 07901 is a 9 bedroom, 8 bathroom, 7,748 sqft single-family home built in 1906. It last sold for $6,300,000 on Dec 10, 2021. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $8,196,400, with a rent estimate of $5,082/month.

Home Details for 40 Beekman Ter

Interior Features

Interior Details
BasementNumber of Rooms: 20Types of Rooms: Walk In Closet, Breakfast Nook, Dining Room, Family Room, Laundry Room, Library, Master Bath, Mud Room, Office, Pantry, Recreation RoomWet Bar
Heating & Cooling
Heating: Baseboard, Forced Air, Radiant, GasAir ConditioningCooling System: CentralHeating Fuel: Baseboard
Levels, Entrance, & Accessibility
Stories: 4Floors: Tile, Carpet, Hardwood
Appliances & Utilities
DishwasherDisposalDryerRefrigeratorWasher
Fireplace & Spa
Fireplace
Windows, Doors, Floors & Walls
Double Paned Windows
Security
Security System

Exterior Features

Exterior Home Features
Roof: Metal, SlateExterior: Stone, WoodLawnPatioPorchSprinkler System
Pool
Pool
Parking & Garage
GarageParking: Garage Attached, Garage Detached

Property Information

Year Built
Year Built: 1906
Property Type / Style
Property Type: Single Family HomeArchitecture: Colonial

Community

Units in Building: 1

Lot Information

Lot Area: 3.12 acres

Additional Information

Intercom

Price and Tax history

DateEventPrice
Dec 10, 2021
Source: GSMLS #3703349
Sold
$6,300,000
Oct 1, 2016
Source: Agent Provided
ListingRemoved
$7,688,000
Feb 23, 2016
Source: Agent Provided
Listed For Sale
$7,688,000
Jul 15, 2003
Source: N/A
Sold
$3,472,000

Market trends in Summit

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$1.49M
$193KMoM
Sale-to-List Price
—
Price per sq ft
$719
Available listings
33
5MoM

Around this home

What Locals Say about Summit

At least 243 Trulia users voted on each feature.

  • 91 % Say it's dog friendly

  • 82 % Say people would walk alone at night

  • 82 % Say there's holiday spirit

  • 79 % Say car is needed

  • 76 % Say it's walkable to restaurants

  • 75 % Say kids play outside

  • 74 % Say yards are well-kept

  • 73 % Say parking is easy

  • 71 % Say it's quiet

  • 70 % Say there are sidewalks

  • 66 % Say they plan to stay for at least 5 years

  • 62 % Say streets are well-lit

  • 61 % Say there's wildlife

  • 61 % Say there are community events

  • 58 % Say neighbors are friendly

  • 42 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Sfeoli34
    "There are alot of couples with young children so its nice if you have a family or starting one. Its a dog friendly neighborhood and we do block parties etc.. Yet its pretty quiet. Park near bye. "
    1
    Flag
  • Elliotwilbur
    "Great place to raise a family. Public school system is excellent. Numerous commuting options to Manhattan. "
    1
    Flag
  • maria08827
    "It’s very nice, clean and safe . Everyone is nice and friendly! It has a beautiful safe park across the street which is very clean and active. Also close to everything!"
    1
    Flag
  • Anita
    "Summit is a charming town where practical meets comfort. The community is friendly and diverse. Lots of families, singles and dogs. "
    8
    Flag
  • Davidthompsonjr
    "Easy ride to train station and best commuter line in nj. Penn station is crappy but if you can do ferry from hoboken it’s nice."
    2
    Flag
  • Pololas2019
    "the people walk the dogs and is a really nice neighborhood to live i recommended to buy a house in this area "
    1
    Flag
  • Unspecified
    "People take pride in their homes. Family friendly. Very safe. Lived here for 2 years, so happy with the community. "
    1
    Flag
  • Davidthompsonjr
    "Nice town, ppl, and amenities. Great schools and good place to raise your kids. Express trains to the city, makes a difference relative to other areas in nj. "
    0
    Flag
  • Davidthompsonjr
    "Great town to raise a family. Close to best nj commute. Good restaurants in town. Good access to highways. "
    2
    Flag
  • Marcelo N.
    "I love summit best city to live in, respectful people, clean , no crime , no racism or classism . Just a wonderful city"
    0
    Flag
  • Mary T. Z.
    "Street Fairs are very nice in this town. The farmers market is great too! Events at the playhouse are wonderful."
    3
    Flag
  • Randall.lauren
    "This is a very family friendly neighborhood. The restaurants, coffee shops, parks and other amenities are all well suited to families. "
    3
    Flag
  • Samantha Q.
    "We have festivals, block parties, concerts and movie nights in the park. Our neighbors are always outside going for walks, our kids always find other kids to play with!"
    2
    Flag
  • Slong0717
    "Bike parades, kids events. Amazing downtown area. Lots of activities for kids. Easy to commute to NYC. "
    2
    Flag
  • Scott H.
    "There are a lot of dogs around and most are friendly. I wish there was a space for them to run off lead. "
    2
    Flag
  • Rehav
    "less than 10 mins walk to train that goes right to nyc. 3 min drive to get onto Routes 24 and 78. Cant be beat!!"
    2
    Flag
  • EF
    "Lots of friendly dogs and owners to walk with. Park nearby. Quiet streets. Fun dog store in downtown summit. "
    0
    Flag
  • Melissa C.
    "what dog owners like about his neighborhood would be that the doggies would meet other doggies and get along quite nicely and the backyards very spacious "
    0
    Flag
  • Thayesmail
    "Great family neighborhood. Great schools. Great recreation program. Convenient commute to NYC & Airport. "
    0
    Flag
  • layton m.
    "Great, direct line into New York City makes it a quick, convenient and easy commute. I think it’s the best commute into nyc in New Jersey"
    4
    Flag
  • Jhuneke
    "We are in a surprisingly quiet block, despite being on a major thoroughfare, and close to downtown, train station. "
    1
    Flag
  • Laura
    "It’s safe, clean and easy commute to the city, mountains or beach. Very centrally locates. Love it here. Just wish it wasn’t so expensive in this area!!"
    2
    Flag
  • Samantha H.
    "Kind people who are always willing to help each other. Access to fields, train, and walking to downtown. Kids all walk to school. "
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 40 Beekman Ter

  • What is 40 Beekman Ter estimated to be worth?
    Trulia's estimated value for 40 Beekman Ter in Summit, NJ is $8,196,400.
  • What is the price history for 40 Beekman Ter?
    40 Beekman Ter in Summit, NJ last sold for $6,300,000 in December 2021.
  • Is Summit a buyer's or seller's market?
    Summit is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Summit?
    The median sale price in Summit is $1.49M. That is up $193K from the prior month.
  • Does 40 Beekman Ter have air conditioning?
    Yes, 40 Beekman Ter in Summit, NJ has air conditioning.
  • Does 40 Beekman Ter have a pool?
    Yes, 40 Beekman Ter in Summit, NJ has a pool.

Explore by feature - Pet Friendly

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