What is 55 Prospect St estimated to be worth?

Trulia's estimated value for 55 Prospect St in Summit, NJ is $3,615,700 .

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 are the closest schools to 55 Prospect St?

The closest schools to 55 Prospect St in Summit, NJ are Brayton Elementary School (rated 10/10), Jefferson Primary Center (Pre-K), L C Johnson Summit Middle School (rated 8/10).

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).

OFF MARKET

$3,615,700

Trulia Estimate

5 Beds
5 Baths
3,576 sqft (on 0.52 acres)

55 Prospect St, Summit, NJ 07901

Woodland Park

Est. Refi. Payment $25,828/mo*

Refinance Your Home

Currently Off Market - Sold Sep 9, 2011 for $1,810,000

Home Value

Trulia Estimate

$3.62M

Since last month

$113K (-3%)

Since last year

$596K (+19.7%)

Since last sale

$2M (+100.2%)

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 +125% in the last 10 years

Month	Estimated value
2026
October 2026	$3.62M
September 2026	$3.74M
August 2026	$3.63M
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
December 2025	$3.15M
November 2025	$3.1M
October 2025	$3.03M
September 2025	$3.06M
August 2025	$3.07M
July 2025	$3.09M
June 2025	$3.01M
May 2025	$3.01M
April 2025	$2.92M
March 2025	$2.87M
February 2025	$2.79M
January 2025	$2.77M
2024
December 2024	$2.81M
November 2024	$2.75M
October 2024	$2.67M
September 2024	$2.67M
August 2024	$2.71M
July 2024	$2.74M
June 2024	$2.73M
May 2024	$2.7M
April 2024	$2.64M
March 2024	$2.55M
February 2024	$2.47M
January 2024	$2.45M
2023
December 2023	$2.48M
November 2023	$2.45M
October 2023	$2.53M
September 2023	$2.57M
August 2023	$2.57M
July 2023	$2.56M
June 2023	$2.54M
May 2023	$2.47M
April 2023	$2.39M
March 2023	$2.35M
February 2023	$2.36M
January 2023	$2.38M
2022
December 2022	$2.38M
November 2022	$2.4M
October 2022	$2.45M
September 2022	$2.49M
August 2022	$2.54M
July 2022	$2.56M
June 2022	$2.53M
May 2022	$2.47M
April 2022	$2.4M
March 2022	$2.37M
February 2022	$2.34M
January 2022	$2.29M
2021
December 2021	$2.28M
November 2021	$2.3M
October 2021	$2.29M
September 2021	$2.28M
August 2021	$2.28M
July 2021	$2.33M
June 2021	$2.22M
May 2021	$2.17M
April 2021	$2.1M
March 2021	$2.08M
February 2021	$2.02M
January 2021	$2.01M
2020
December 2020	$2.04M
November 2020	$2.03M
October 2020	$2.04M
September 2020	$2M
August 2020	$1.93M
July 2020	$1.87M
June 2020	$1.89M
May 2020	$1.95M
April 2020	$1.99M
March 2020	$1.98M
February 2020	$1.94M
January 2020	$1.93M
2019
December 2019	$1.95M
November 2019	$1.97M
October 2019	$1.96M
September 2019	$1.95M
August 2019	$1.95M
July 2019	$1.98M
June 2019	$1.99M
May 2019	$1.95M
April 2019	$1.95M
March 2019	$1.95M
February 2019	$1.94M
January 2019	$1.89M
2018
December 2018	$1.94M
November 2018	$1.93M
October 2018	$1.93M
September 2018	$1.95M
August 2018	$1.94M
July 2018	$1.97M
June 2018	$1.95M
May 2018	$1.93M
April 2018	$1.86M
March 2018	$1.84M
February 2018	$1.85M
January 2018	$1.84M
2017
December 2017	$1.82M
November 2017	$1.77M
October 2017	$1.78M
September 2017	$1.76M
August 2017	$1.73M
July 2017	$1.71M
June 2017	$1.71M
May 2017	$1.7M
April 2017	$1.69M
March 2017	$1.68M
February 2017	$1.68M
January 2017	$1.61M
2016
December 2016	$1.6M
November 2016	$1.62M
October 2016	$1.61M

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
49 Oakland Pl, Summit, NJ	0.11	Single-Family Home	$1,852,000	12/15/25	4	4	-
610 Springfield Ave, Summit, NJ	0.28	Single-Family Home	$1,900,000	08/10/26	6	5	-
61 TULIP STREET, Summit, NJ	0.12	Single-Family Home	$2,100,000	05/15/26	5	4	-
19 Tulip St, Summit, NJ	0.08	Single-Family Home	$700,000	12/04/25	5	5	-
14 Brook Ct, Summit, NJ	0.21	Single-Family Home	$1,704,000	09/17/26	4	4	-
32 Locust Dr, Summit, NJ	0.09	Single-Family Home	$1,350,000	12/03/25	4	3	-
34 Ashland Rd, Summit, NJ	0.25	Single-Family Home	$1,750,000	12/01/25	4	4	-
2 Colt Rd, Summit, NJ	0.49	Single-Family Home	$3,450,000	07/17/26	5	5	-
18 Pine Ridge Dr, Summit, NJ	0.47	Single-Family Home	$2,325,000	06/12/26	5	5	-
27 Pine Grove Ave, Summit, NJ	0.39	Single-Family Home	$1,938,900	08/21/26	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
31-33 Tulip St, Summit, NJ 07901	0.02	$3,312,800	6	5	5,500	Off Market
57 Prospect St, Summit, NJ 07901	0.02	$5,058,200	6	7	6,500	Off Market
37 Tulip St, Summit, NJ 07901	0.02	$1,704,900	Studio	-	3,327	Off Market
31 Tulip St, Summit, NJ 07901	0.03	-	-	-	-	Off Market
64 Prospect St, Summit, NJ 07901	0.04	$3,225,400	5	3.5	3,760	Off Market
45 Tulip St, Summit, NJ 07901	0.04	$1,241,500	Studio	-	1,970	Off Market
25 Tulip St, Summit, NJ 07901	0.05	$2,625,600	Studio	-	4,186	Off Market
69 Prospect St, Summit, NJ 07901	0.05	$3,825,800	Studio	-	5,848	Off Market
49 Tulip St, Summit, NJ 07901	0.05	$1,203,200	3	2	2,581	Off Market
36 Locust Dr, Summit, NJ 07901	0.06	$2,148,200	4	2.5	2,622	Off Market
32 Tulip St, Summit, NJ 07901	0.06	$1,914,400	5	3.5	2,921	Off Market
48 Tulip St, Summit, NJ 07901	0.06	$1,188,500	Studio	-	2,026	Off Market
66 Prospect St, Summit, NJ 07901	0.06	$5,004,300	7	5	8,222	Off Market
30 Tulip St, Summit, NJ 07901	0.07	$2,097,300	5	3.5	3,018	Off Market
59 Oakland Pl, Summit, NJ 07901	0.07	$1,342,500	Studio	-	2,052	Off Market
34 Locust Dr, Summit, NJ 07901	0.07	$1,962,600	6	2.5	3,643	Off Market
50 Tulip St, Summit, NJ 07901	0.07	$1,026,100	Studio	-	1,860	Off Market
51 Tulip St, Summit, NJ 07901	0.07	$1,573,400	3	3	-	Off Market
40 Locust Dr, Summit, NJ 07901	0.07	$1,143,900	3	2	1,542	Off Market
73 Prospect St, Summit, NJ 07901	0.07	$2,165,900	Studio	-	2,183	Off Market

Local Information

Map ViewExplore the area around 55 Prospect St.
Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
Shop & Eat

-- mins to

Commute Destination

Home Highlights

Single-Family Home

Built in 1905

0.52 acre lot

3,576 sqft

$1,011/sqft

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. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $3,615,700.

Home Details for 55 Prospect St

Interior Features
Levels, Entrance, & Accessibility Stories: 2

Property Information
Year Built Year Built: 1905
Property Type / Style Property Type: Single Family HomeArchitecture: Colonial

Exterior Features
Exterior Home Features Exterior: Wood

Community
Units in Building: 1

Lot Information
Lot Area: 0.52 acres

Price and Tax history

Date	Event	Price
Sep 9, 2011 Source: N/A	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

Additional Cost

Market trends in Summit

Last updated September 2026

Avg. sale price

—

Sale-to-List Price

—

Price per sq ft

—

Available listings

15MoM

Sourced by Trulia Market Trends

Around this home

Jefferson Primary Center
PK-K
Public
116 Students
Summit Public School District
NA
GreatSchools Rating
Parent Rating Average
To make more room in the elementary schools, Summit opened two Primary Centers for preschool &kindergarten. Those living in the Franklin, Washington and half of Lincoln Hubbard district send their children to the Wilson Primary Center for preschool and kindergarten. Those in the Brayton, Jefferson and the other half of the Lincoln Hubbard districts go to the Jefferson Primary Center. We have been at the Jefferson Primary Center for two years and have been pleased with it. The principal, Felix Gill, all the teachers and support staff have made these years wonderful for our child. Everyone is very dedicated to the children in their care. Summit kindergarten is a half day program, but there is a private program called Kinderquest (run by the Connection) offered on site at both Primary Centers that will make it a full day for the kindergarten kids. Love it! Cons-pickkup needs improvement.
Parent Review
16y ago
1 Reviews

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.

Neighborhood Overview

Woodland Park

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Buy: $1.9m - $4.45m

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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 $3,615,700.
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 are the closest schools to 55 Prospect St?
The closest schools to 55 Prospect St in Summit, NJ are Brayton Elementary School (rated 10/10), Jefferson Primary Center (Pre-K), L C Johnson Summit Middle School (rated 8/10).
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).