55 Prospect St
Summit, NJ 07901
Woodland Park
5 Beds
5 Baths
3,576 sqft (on 0.52 acres)
5 Beds
5 Baths
3,576 sqft
(on 0.52 acres)
Home Value
Trulia Estimate
$3.52MSince last month
Increased$36K (+1%)Since last year
Increased$449K (+14.5%)Since last sale
Increased$2M (+95.5%)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 +119% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $3.54M |
| July 2026 | $3.53M |
| June 2026 | $3.5M |
| May 2026 | $3.41M |
| April 2026 | $3.36M |
| March 2026 | $3.26M |
| February 2026 | $3.21M |
| January 2026 | $3.11M |
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 |
|---|---|---|---|---|---|---|---|
0.50 | Single-Family Home | $1,300,000 | 09/16/25 | 5 | 4.5 | 4,301 | |
0.71 | Single-Family Home | $3,499,999 | 03/04/26 | 5 | 4.5 | 4,116 | |
0.11 | Single-Family Home | $1,852,000 | 12/15/25 | 4 | 4 | - | |
0.28 | Single-Family Home | $1,900,000 | 08/10/26 | 6 | 5 | - | |
0.12 | Single-Family Home | $2,100,000 | 05/15/26 | 5 | 4 | - | |
0.09 | Single-Family Home | $1,350,000 | 12/03/25 | 4 | 3 | - | |
0.25 | Single-Family Home | $1,750,000 | 12/01/25 | 4 | 4 | - | |
0.49 | Single-Family Home | $3,450,000 | 07/17/26 | 5 | 5 | - | |
0.47 | Single-Family Home | $2,325,000 | 06/12/26 | 5 | 5 | - | |
0.09 | Single-Family Home | $1,652,000 | 07/28/26 | 4 | 2 | - |
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 | $2,049,000 | 5 | 4 | - | Off Market | |
0.07 | $1,533,600 | 3 | 3 | - | Off Market | |
0.09 | $1,350,000 | 4 | 3 | - | Recently Sold | |
0.11 | $2,148,400 | 5 | 3 | - | Off Market | |
0.09 | $1,652,000 | 4 | 2 | - | Recently Sold | |
0.10 | $1,593,900 | 4 | 4 | - | Off Market | |
0.11 | $1,852,000 | 4 | 4 | - | Recently Sold | |
0.10 | $1,552,900 | 3 | 3 | - | Off Market | |
0.12 | $2,100,000 | 5 | 4 | - | Recently Sold | |
0.11 | $2,255,000 | 5 | 4 | - | Off Market | |
0.13 | $1,089,000 | 2 | 2 | - | Recently Sold | |
0.13 | $1,551,900 | 4 | 2 | - | Off Market |
Local Information
- Map ViewExplore the area around 55 Prospect St.
- Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
- Shop & Eat
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Home Highlights
Property Type
Single-Family Home
Year Built
1905
Lot Size
0.52 acres
Living Area
3,576 sqft
Price/Sqft
$986
About this House
Romance and old world charm abound in this beautifully appointed, 1905 center hall Colonial home that awaits the homebuyer with discerning tastes.
55 Prospect St, Summit, NJ 07901 is a 5 bedroom, 5 bathroom, 3,576 sqft single-family home in Woodland Park, built in 1905. It last sold for $1,810,000 on Sep 9, 2011. It is currently off market. The Trulia Estimate is $3,525,300, with a rent estimate of $7,271/month.
Home Details for 55 Prospect St
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Levels, Entrance, & Accessibility Stories: 2 |
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Year Built Year Built: 1905 |
Property Type / Style Property Type: Single Family HomeArchitecture: Colonial |
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Exterior Home Features Exterior: Wood |
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Units in Building: 1 |
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Lot Area: 0.52 acres |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Sep 9, 2011 Source: GSMLS #2846824 | Sold | $1,810,000 |
May 12, 2011 Source: Agent Provided | PriceChange | $1,895,000 Price decreased by 10% |
Apr 12, 2011 Source: Agent Provided | Listed For Sale | $2,095,000 |
Feb 2, 1999 Source: N/A | Sold | $745,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2024 | $33,341 | $765,400 |
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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Frequently asked questions about 55 Prospect St
- What is 55 Prospect St estimated to be worth?Trulia's estimated value for 55 Prospect St in Summit, NJ is $3,525,300.
- What is the price history for 55 Prospect St?55 Prospect St in Summit, NJ last sold for $1,810,000 in September 2011.
- 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.
- How big is the lot at 55 Prospect St?The lot at 55 Prospect St in Summit, NJ is about 0.52 acres (22,651 sq ft).