$2,586,000
5 Beds
3.5 Baths
3,436 sqft (on 0.43 acres)
40 Silver Lake Dr, Summit, NJ 07901
Est. Refi. Payment $17,884/mo*
Refinance Your HomeCurrently Off Market - Sold Aug 3, 2020 for $1,300,000
Home Value
Trulia Estimate
$2.59MSince last month
Decreased$5K (-0.2%)Since last year
Increased$370K (+16.7%)Since last sale
Increased$1M (+98.9%)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 +79% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $2.59M |
| August 2026 | $2.56M |
| July 2026 | $2.59M |
| June 2026 | $2.6M |
| May 2026 | $2.49M |
| April 2026 | $2.46M |
| March 2026 | $2.48M |
| February 2026 | $2.4M |
| January 2026 | $2.44M |
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 | $4,150,000 | 05/12/26 | 4 | 3 | 4,250 | |
0.48 | Single-Family Home | $3,499,999 | 03/04/26 | 5 | 4.5 | 4,116 | |
0.23 | Single-Family Home | $1,100,000 | 03/27/26 | 4 | 3 | - | |
0.23 | Single-Family Home | $2,800,000 | 06/16/26 | 2 | 2.5 | 1,500 | |
0.28 | Single-Family Home | $1,950,000 | 04/03/26 | 5 | 4 | - | |
0.19 | Single-Family Home | $2,850,000 | 09/12/25 | 5 | 4 | - | |
0.29 | Single-Family Home | $1,800,000 | 12/29/25 | 4 | 4 | - | |
0.15 | Single-Family Home | $2,300,000 | 08/01/26 | 5 | 6 | - | |
0.38 | Single-Family Home | $1,628,000 | 09/01/26 | 4 | 3 | - | |
0.27 | Single-Family Home | $2,300,000 | 06/05/26 | 6 | 5 | - |
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 |
|---|---|---|---|---|---|---|
0.03 | $1,661,100 | 4 | 4 | - | Off Market | |
0.06 | $2,843,300 | 6 | 5 | - | Off Market | |
0.06 | $2,621,100 | 4 | 5 | - | Off Market | |
0.09 | $2,667,000 | 4 | 3 | - | Off Market | |
0.11 | $2,279,100 | 4 | 5 | - | Off Market | |
0.11 | $2,985,100 | 5 | 5 | - | Off Market | |
0.09 | $3,010,700 | 5 | 4 | - | Off Market | |
0.12 | $2,155,600 | 4 | 3 | - | Off Market | |
0.12 | $1,999,999 | 5 | 4 | - | Recently Sold | |
0.14 | $2,946,500 | 4 | 5 | - | Off Market | |
0.16 | $2,202,100 | 4 | 3 | - | Off Market | |
0.14 | $2,735,800 | 5 | 4 | - | Off Market |
Local Information
- Map ViewExplore the area around 40 Silver Lake Dr.
- Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
- Shop & Eat
-- mins to
Home Highlights
Single-Family Home
Built in 1957
0.43 acre lot
3,436 sqft
$753/sqft
Garage
About this House
This single-family home is located at 40 Silver Lake Dr, Summit, NJ. 40 Silver Lake Dr is in the Woodland Park neighborhood in Summit, NJ and in ZIP code 07901. This property has 5 bedrooms, 4 bathrooms and approximately 3,436 sqft of floor space. This property has a lot size of 0.43 acres and was built in 1957.
40 Silver Lake Dr, Summit, NJ 07901 is a 5 bedroom, 4 bathroom, 3,436 sqft single-family home in Woodland Park, built in 1957. It last sold for $1,300,000 on Aug 3, 2020. More recently, it was listed as a rental in June 2019 with an asking price of $7,500 per month. That rental listing was removed on July 23, 2019. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $2,586,000, with a rent estimate of $7,408/month.
Home Details for 40 Silver Lake Dr
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Interior Details BasementAtticNumber of Rooms: 10Types of Rooms: Walk In Closet, Breakfast Nook, Dining Room, Family Room, Laundry Room, Master Bath, Mud Room, Office, Recreation RoomCeiling Fan |
Heating & Cooling Heating: Forced Air, GasAir ConditioningCooling System: CentralHeating Fuel: Forced Air |
Levels, Entrance, & Accessibility Stories: 2Floors: Tile, Hardwood |
Appliances & Utilities Cable ReadyDishwasherDisposalDryerMicrowaveRefrigeratorWasher |
Fireplace & Spa FireplaceJetted Bath Tub |
Windows, Doors, Floors & Walls Double Paned Windows |
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Exterior Home Features Roof: AsphaltExterior: Wood, BrickLawnPatioSprinkler System |
Parking & Garage GarageParking Spaces: 3Parking: Garage Attached |
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Year Built Year Built: 1957Year Updated: 2021 |
Property Type / Style Property Type: Single Family HomeArchitecture: Colonial |
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Units in Building: 1 |
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Lot Area: 0.43 acres |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Aug 3, 2020 Source: N/A | Sold | $1,300,000 |
Jul 23, 2019 Source: Agent Provided | ListingRemoved | $6,500 |
Jul 17, 2019 Source: Agent Provided | PriceChange | $6,500 Price decreased by 7% |
Jun 29, 2019 Source: Agent Provided | PriceChange | $7,000 Price decreased by 7% |
Jun 5, 2019 Source: Agent Provided | Listed For Rent | $7,500 |
Jun 26, 2018 Source: Agent Provided | ListingRemoved | $7,500 |
May 10, 2018 Source: Agent Provided | Listed For Rent | $7,500 |
Jan 5, 2016 Source: Agent Provided | ListingRemoved | $7,000 |
Nov 4, 2015 Source: Agent Provided | Listed For Rent | $7,000 |
Dec 13, 2012 Source: GSMLS #2972458 | Sold | $1,300,000 |
Oct 17, 2012 Source: Agent Provided | PriceChange | $1,399,000 Price decreased by 2% |
Sep 29, 2012 Source: Agent Provided | PriceChange | $1,425,000 Price decreased by 2% |
Jul 9, 2012 Source: Agent Provided | PriceChange | $1,450,000 Price decreased by 3% |
Jun 14, 2012 Source: Agent Provided | PriceChange | $1,495,000 Price decreased by 3% |
May 7, 2012 Source: Agent Provided | Listed For Sale | $1,540,000 |
Aug 3, 2009 Source: N/A | Sold | $1,455,000 |
Oct 3, 2003 Source: N/A | Sold | $1,450,000 |
May 8, 1996 Source: N/A | Sold | $832,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $26,789 | $615,000 |
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
Around this home
Neighborhood Overview
Neighborhood stats provided by third party data sources.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Frequently asked questions about 40 Silver Lake Dr
- What is 40 Silver Lake Dr estimated to be worth?Trulia's estimated value for 40 Silver Lake Dr in Summit, NJ is $2,586,000.
- What is the price history for 40 Silver Lake Dr?40 Silver Lake Dr in Summit, NJ last sold for $1,300,000 in August 2020.
- 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 Silver Lake Dr have air conditioning?Yes, 40 Silver Lake Dr in Summit, NJ has air conditioning.
- Does 40 Silver Lake Dr have laundry facilities?Yes, 40 Silver Lake Dr in Summit, NJ has in-unit laundry.
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