Is Summit, NJ dog-friendly?

As of early 2026, 91% of users say it's dog friendly

Would people walk alone at night in Summit, NJ?

As of early 2026, 82% of users say people would walk alone at night

Does Summit, NJ show holiday spirit?

As of early 2026, 82% of users say there's holiday spirit

Is a car needed in Summit, NJ?

As of early 2026, 79% of users say car is needed

Is Summit, NJ walkable to restaurants?

As of early 2026, 76% of users say it's walkable to restaurants

Do kids play outside in Summit, NJ?

As of early 2026, 75% of users say kids play outside

Is parking easy in Summit, NJ?

As of early 2026, 74% of users say parking is easy

Are yards well-kept in Summit, NJ?

As of early 2026, 74% of users say yards are well-kept

As of early 2026, 71% of users say it's quiet

Does Summit, NJ have sidewalks?

As of early 2026, 70% of users say there are sidewalks

Do residents of Summit, NJ plan to stay at least 5 years?

As of early 2026, 66% of users say they plan to stay for at least 5 years

Are the streets well-lit in Summit, NJ?

As of early 2026, 61% of users say streets are well-lit

Is there wildlife in Summit, NJ?

As of early 2026, 61% of users say there's wildlife

Are there community events in Summit, NJ?

As of early 2026, 61% of users say there are community events

Are neighbors friendly in Summit, NJ?

As of early 2026, 58% of users say neighbors are friendly

Is Summit, NJ walkable to grocery stores?

As of early 2026, 41% of users say it's walkable to grocery stores

FOR SALE

0.31 ACRES

40 Prospect St
Summit, NJ 07901

3 Beds
1.5 Baths
1,940 sqft (on 0.31 acres)

$1,700,000

Est. Mortgage $11,656/mo*

Get Pre-Qualified

$1,700,000

Est. Mortgage $11,656/mo*

Get Pre-Qualified

3 Beds

1.5 Baths

1,940 sqft

(on 0.31 acres)

Local Information

-- mins to

Commute Destination

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

Home Highlights

Parking

Garage

Outdoor

Deck

A/C

Heating & Cooling

HOA

None

Price/Sqft

$876

Listed

180 days ago

Home Details for 40 Prospect St

Interior Features
Interior Details Basement: Full, Daylight, Storage Space, Laundry FacilitiesNumber of Rooms: 7Types of Rooms: Dining Room, Kitchen, Basement
Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (half): 1
Dimensions and Layout Living Area: 1940 Square Feet
Appliances & Utilities Utilities: Electricity Connected, Natural Gas ConnectedAppliances: Dishwasher, Dryer, Electric Range/Oven, Microwave, Refrigerator, Range, Washer, Gas Water HeaterDishwasherDryerMicrowaveRefrigeratorWasher
Heating & Cooling Heating: Baseboard, Radiant, Baseboard HotwaterHas CoolingAir Conditioning: Wall Unit(s), Window Unit(s)Has HeatingHeating Fuel: Baseboard
Fireplace & Spa No Fireplace
Gas & Electric Gas: Natural GasHas Electric on Property
Windows, Doors, Floors & Walls Flooring: Carpet, Ceramic Tile, Wood
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoFloors: Carpet, Ceramic Tile, Wood

Exterior Features
Exterior Home Features Roof: AsphaltPatio / Porch: DeckExterior: Deck
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageHas Open ParkingParking Spaces: 2Parking: 1 Car Width, Garage, Detached
Water & Sewer Sewer: Public Sewer

Days on Market
Days on Market: 180

Property Information
Year Built Year Built: 1923
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Colonial
Building Not Attached Property
Property Information Parcel Number: 1803202000000020

Price & Status
Price List Price: $1,700,000Price Per Sqft: $876

Active Status
MLS Status: Active

Location
Direction & Address City: Summit

Agent Information
Listing Agent Listing ID: 2607798R

Building
Building Area Building Area: 1940 Square Feet

Community
Not Senior Community

HOA
HOA Fee Frequency (second): MonthlyHOA Fee: No HOA Fee

Lot Information
Lot Area: 0.31 acres

Business
Business Information Ownership: Fee Simple

Miscellaneous
BasementMls Number: 2607798R

Last check for updates: 42 minutes ago

Listing courtesy of SENADA GRAFAS

EXP REALTY, LLC, (866) 201-6210

Source: All Jersey MLS, MLS#2607798R

Also Listed on GSMLS, MoreMLS, All Jersey MLS, GSMLS, MoreMLS, eXp Realty, eXp Realty.

Price History for 40 Prospect St

Date	Price	Event	Source
11/22/2025	$1,700,000	Listed For Sale	MoreMLS #22535176

08/22/2000	$3,000,000	Sold	N/A
Recording Date 08/22/2000 County Transfer Tax N/A Total Transfer Tax N/A

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Property Tax and Assessment

Year	2025
Tax	$15,037
Assessment	$345,200

Home facts updated by county records

Comparable Sales for 40 Prospect St

Address	Distance	Property Type	Sold Price	Sold Date	Bed	Bath	Sqft
49 Oakland Pl, Summit, NJ	0.10	Single-Family Home	$1,852,000	12/15/25	4	4	-
51 Tulip St, Summit, NJ	0.12	Single-Family Home	$1,460,000	07/14/25	3	3	-
32 PROSPECT ST, Summit, NJ	0.02	Single-Family Home	$2,000,000	06/11/25	4	6	-
28 Mountain Ave, Summit, NJ	0.36	Single-Family Home	$1,300,000	09/16/25	4	1	-
41 ASHLAND RD, Summit, NJ	0.20	Single-Family Home	$1,250,000	05/28/25	3	3	-
64 Tulip St, Summit, NJ	0.15	Single-Family Home	$1,089,000	04/24/26	2	2	-
61 TULIP STREET, Summit, NJ	0.14	Single-Family Home	$2,100,000	05/15/26	5	4	-
32 Locust Dr, Summit, NJ	0.20	Single-Family Home	$1,350,000	12/03/25	4	3	-

Additional Cost

Assigned Schools

These are the assigned schools for 40 Prospect St.

View nearby schools on GreatSchools

The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Summit

At least 241 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 parking is easy
74 % Say yards are well-kept
71 % Say it's quiet
70 % Say there are sidewalks
66 % Say they plan to stay for at least 5 years
61 % Say streets are well-lit
61 % Say there's wildlife
61 % Say there are community events
58 % Say neighbors are friendly
41 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.

Sfeoli34
Resident
7mo ago
"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. "
0
Flag
Elliotwilbur
Resident
1y ago
"Great place to raise a family. Public school system is excellent. Numerous commuting options to Manhattan. "
0
Flag
maria08827
Resident
1y ago
"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!"
0
Flag
Anita
Resident
3y ago
"Summit is a charming town where practical meets comfort. The community is friendly and diverse. Lots of families, singles and dogs. "
7
Flag
Davidthompsonjr
Resident
5y ago
"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
Resident
5y ago
"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
Resident
5y ago
"People take pride in their homes. Family friendly. Very safe. Lived here for 2 years, so happy with the community. "
1
Flag
Davidthompsonjr
Resident
5y ago
"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
Resident
5y ago
"Great town to raise a family. Close to best nj commute. Good restaurants in town. Good access to highways. "
2
Flag
Marcelo N.
Resident
6y ago
"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.
Visitor
6y ago
"Street Fairs are very nice in this town. The farmers market is great too! Events at the playhouse are wonderful."
3
Flag
Randall.lauren
Resident
6y ago
"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.
Resident
6y ago
"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
Resident
6y ago
"Bike parades, kids events. Amazing downtown area. Lots of activities for kids. Easy to commute to NYC. "
2
Flag
Scott H.
Resident
6y ago
"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
Resident
6y ago
"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
Prev. Resident
7y ago
"Lots of friendly dogs and owners to walk with. Park nearby. Quiet streets. Fun dog store in downtown summit. "
0
Flag
Melissa C.
Resident
7y ago
"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
Resident
7y ago
"Great family neighborhood. Great schools. Great recreation program. Convenient commute to NYC & Airport. "
0
Flag
layton m.
Resident
7y ago
"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
Resident
7y ago
"We are in a surprisingly quiet block, despite being on a major thoroughfare, and close to downtown, train station. "
1
Flag
Laura
Resident
7y ago
"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.
Resident
7y ago
"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

SENADA GRAFAS, EXP REALTY, LLC, (866) 201-6210

The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. Copyright 2026, CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC All rights reserved The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC retains all rights, title and interest in and to its trademarks, service marks and copyrighted material. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting.

40 Prospect St, Summit, NJ 07901 is a 3 bedroom, 2 bathroom, 1,940 sqft single-family home built in 1923. This property is currently available for sale and was listed by All Jersey MLS on Nov 22, 2025. The MLS # for this home is MLS# 2607798R.

40 Prospect St
Summit, NJ 07901

$1,700,000

$1,700,000

Local Information