40 Locust Dr
Summit, NJ 07901
Woodland Park
3 Beds
2 Baths
1,542 sqft
3 Beds
2 Baths
1,542 sqft
Home Value
Trulia Estimate
$1.16MSince last month
Decreased$19K (-1.6%)Since last year
Increased$56K (+5.1%)Since last sale
Increased$303K (+35.7%)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 +71% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $1.15M |
| July 2026 | $1.16M |
| June 2026 | $1.17M |
| May 2026 | $1.15M |
| April 2026 | $1.13M |
| March 2026 | $1.12M |
| February 2026 | $1.1M |
| January 2026 | $1.09M |
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 |
|---|---|---|---|---|---|---|---|
0.02 | Single-Family Home | $1,652,000 | 07/28/26 | 4 | 2 | - | |
0.20 | Single-Family Home | $1,089,000 | 04/24/26 | 2 | 2 | - | |
0.05 | Single-Family Home | $1,350,000 | 12/03/25 | 4 | 3 | - | |
0.29 | Single-Family Home | $1,320,000 | 09/16/25 | 3 | 2 | - | |
0.76 | Single-Family Home | $1,500,000 | 03/19/26 | 4 | 2.5 | 1,739 | |
0.75 | Single-Family Home | $750,000 | 07/06/26 | 3 | 2 | - | |
0.19 | Single-Family Home | $1,852,000 | 12/15/25 | 4 | 4 | - | |
0.19 | Single-Family Home | $2,100,000 | 05/15/26 | 5 | 4 | - | |
0.48 | Single-Family Home | $1,050,000 | 08/04/26 | 3 | 3 | - | |
0.32 | Single-Family Home | $1,750,000 | 12/01/25 | 4 | 4 | - |
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 |
|---|---|---|---|---|---|---|
0.05 | $1,350,000 | 4 | 3 | - | Recently Sold | |
0.02 | $1,652,000 | 4 | 2 | - | Recently Sold | |
0.03 | $1,552,900 | 3 | 3 | - | Off Market | |
0.09 | $1,593,900 | 4 | 4 | - | Off Market | |
0.08 | $2,049,000 | 5 | 4 | - | Off Market | |
0.05 | $2,255,000 | 5 | 4 | - | Off Market | |
0.11 | $2,631,000 | 5 | 5 | - | Off Market | |
0.11 | $2,388,000 | 4 | 5 | - | Off Market | |
0.15 | $677,800 | 2 | 1 | - | Off Market | |
0.15 | $1,063,800 | 2 | 3 | - | Off Market | |
0.15 | $1,634,600 | 3 | 4 | - | Off Market | |
0.16 | $1,369,700 | 3 | 4 | - | Off Market |
Local Information
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Home Highlights
Property Type
Single-Family Home
Year Built
1951
Living Area
1,542 sqft
Price/Sqft
$749
Parking
Garage
About this House
Ideally located within blocks of downtown Summit's vibrant stores and eateries, this charming Cape Cod offers a flowing floor plan, hardwood floors in focal locations, a wood-burning fireplace along with an abundance of natural light. Exterior enhancements include an open front porch, rear deck constructed in 2022 along with a single-car garage. The tranquil setting and level parcel is improved by a plush lawn and perennial gardens.
40 Locust Dr, Summit, NJ 07901 is a 3 bedroom, 2 bathroom, 1,542 sqft single-family home in Woodland Park, built in 1951. It last sold for $850,000 on May 23, 2023. It is currently off market. The Trulia Estimate is $1,155,700, with a rent estimate of $6,076/month.
Home Details for 40 Locust Dr
|
|---|
Heating & Cooling Heating: Baseboard, Electric, GasHeating Fuel: Baseboard |
Interior Details Types of Rooms: Dining Room |
Appliances & Utilities DishwasherDisposalDryerRefrigeratorWasher |
Fireplace & Spa FireplaceJetted Bath Tub |
Levels, Entrance, & Accessibility Floors: Tile, Carpet, Hardwood |
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|---|
Exterior Home Features Roof: Composition, OtherDeckExterior: Stucco, Vinyl, BrickPorch |
Parking & Garage GarageParking Spaces: 2Parking: Garage Attached |
|
|---|
Year Built Year Built: 1951 |
Property Type / Style Property Type: Single Family HomeArchitecture: Cape Cod |
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|---|
Units in Building: 1 |
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|---|
Lot Area: 7492 sqft |
Price and Tax history
| Date | Event | Price |
|---|---|---|
May 23, 2023 Source: GSMLS #3824402 | Sold | $850,000 |
Feb 1, 2023 Source: GSMLS #3824402 | Pending | $775,900 |
Jan 18, 2023 Source: GSMLS #3824402 | Listed For Sale | $775,900 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $12,489 | $286,700 |
Home facts updated by county records
Market trends in Summit
Last updated July 2026
Avg. sale price
$1.49M
$193KMoM
Sale-to-List Price
—
Price per sq ft
$719
Available listings
33
5MoM
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Neighborhood stats provided by third party data sources.
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Frequently asked questions about 40 Locust Dr
- What is 40 Locust Dr estimated to be worth?Trulia's estimated value for 40 Locust Dr in Summit, NJ is $1,155,700.
- What is the price history for 40 Locust Dr?40 Locust Dr in Summit, NJ last sold for $850,000 in May 2023.
- 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 Locust Dr have laundry facilities?Yes, 40 Locust Dr in Summit, NJ has in-unit laundry.
- How big is the lot at 40 Locust Dr?The lot at 40 Locust Dr in Summit, NJ is about 0.17 acres (7,492 sq ft).