Union County  »  123 Prospect St

123 Prospect Street, Summit, NJ 07901 Property Information

123 Prospect Street, Summit, NJ 07901 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Neighborhood
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123 Prospect Street, Summit, NJ 07901
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Address

Primary address 123 Prospect Street, Summit
Zip code 07901
County Union
Municipality Summit City
Block 2802
Lot 16

Sales & Tax Overview for 123 Prospect Street, Summit

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Sale date 01/16/1998
Sale price $817,000
Arm's length
Property tax $39,805

Lot & Building Information for 123 Prospect Street, Summit

Building sqft 4,030
Building class Residential (2)
Acreage 0.719
Year built 1978
Exterior structural material
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Zoning, Use & Area Overview

Walk Score
Transit Score
Bike Score


Zoning district Single Family Residential (R-15)
Broadband internet providers and speed map
Types of broadband connections map

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 123 Prospect Street, Summit

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About 123 Prospect Street, Summit

What is the year built & the total sq. ft. for 123 Prospect Street, Summit, NJ 07901?

123 Prospect Street, Summit, NJ 07901 was built in 1978 and has a total of 4,030 square feet.

What is the assessed value of 123 Prospect Street, Summit, NJ 07901 and the property tax paid?

Assessed at $913,800, the tax amount paid for 123 Prospect Street, Summit, NJ 07901 is $40,855.

When was 123 Prospect Street, Summit, NJ 07901 last sold and what was the last sale price?

123 Prospect Street, Summit, NJ 07901 was last sold in 01/16/1998 for $817,000.

Ownership Information

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Real Estate Reports:
Laura Pop-Badiu, May 07, 2026 Locked-In Owners, Mobile Renters: Homeowners Stay Put as Renters Move 3.7x More Across Largest U.S. Cities 
Renters became the primary drivers of long-distance mobility across the largest U.S. cities, moving 3.7 times more than owners in 2024, as high mortgage rates and housing costs kept many homeowners in place.
Eliza Theiss, Apr 23, 2026 $4.6M Hudson Yards Maintains Top Spot, Luxury Sales in Malba Set $2.5M Price Record for Queens
Despite prices declining, Hudson Yards remained the most expensive NYC neighborhood, but TriBeCa’s growth closed the gap to under $400,000, while Malba set a new historic price record for Queens at $2.5 million, securing the highest ranking ever for the borough at #5.
Eliza Theiss, Apr 15, 2026 2026 Q1 Foreclosure Report: Brooklyn Filings Fall Sharply, Bronx & Staten Island Hit New Peaks
Behind a deceptively mild citywide downtick, borough foreclosure markets pulled into significantly diverging paths as Brooklyn cases were nearly halved and the Bronx hit a new, record high. Meanwhile, Queens remained unchanged, Staten Island surged back up and Manhattan cooled slowly.
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Past Sales & Property History for 123 Prospect Street, Summit

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Purchase date Purchase price Buyer name Seller name
01/16/1998 $817,000

Title Documents for 123 Prospect Street, Summit

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Date Type Amount Party 1 Party 2 Maturity Index Document Related documents Doc image
01/16/1998 - D Deed and Realty Tax Fees
                   
                   
                   
                   
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R: Recorded date
D: Document date

Property Taxes for 123 Prospect Street, Summit

Access detailed property tax data for 123 Prospect Street, Summit, NJ 07901. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025
Property tax $39,805
Market value $913,800

Assessment History for 123 Prospect Street, Summit

Here's the assessment & property tax history for 123 Prospect Street, Summit, including the evolution of the total tax rate and corresponding property tax.

Year Market value Assessment value Total tax rate Property tax Year over year change
2024 $913,800 $913,800 4.356 $39,805 +0.67%
2023 $913,800 $913,800 4.327 $39,540 +1.03%
2022 $913,800 $913,800 4.283 $39,138 -0.79%
2021 $913,800 $913,800 4.317 $39,449 -0.99%
2020 $913,800 $913,800 4.36 $39,842 -0.11%

Risk

Create a free account to unlock extended information for 123 Prospect Street, Summit, including whether it's located in FEMA flood zones, floodways or special flood hazard areas, as well as the Coastal barriers resources system area (COBRA).

FEMA flood zone(s) X (See more on map)
Fire hazard zone See more on map
Geohazard zones map

Transportation

Access the detailed traffic volume map for 123 Prospect Street, Summit to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

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Schools

Nearest elementary schools

Name Rating Type Grade range No of students Distance to school (mi)
Oak Knoll School of the Holy Child NR Private PK, K-12 504 0.25
Oak Knoll School of the Holy Child NR Private PK, K-12 504 0.25
Primary Center At Wilson NR Public PK, K 202 0.33
Primary Center At Wilson NR Public PK, K 202 0.33
Franklin Elementary School 8 Public 1-5 327 0.35

Nearest middle schools

Name Rating Type Grade range No of students Distance to school (mi)
Oak Knoll School of the Holy Child NR Private PK, K-12 504 0.25
L C Johnson Summit Middle School 7 Public 6-8 942 0.59
Kent Place School NR Private PK-12 621 0.64
Oratory Preparatory School NR Private 7-12 373 0.78
Devel L C New Providence NR Public K-9 74 1.51

Nearest high schools

Name Rating Type Grade range No of students Distance to school (mi)
Oak Knoll School of the Holy Child NR Private PK, K-12 504 0.25
Summit Sr High School 7 Public 9-12 1,161 0.54
Kent Place School NR Private PK-12 621 0.64
Oratory Preparatory School NR Private 7-12 373 0.78
Eclc Of New Jersey NR Private 1-12 177 1.95

Data provided by GreatSchools.org © 2025. All rights reserved.

Neighbors for 123 Prospect Street, Summit

Here are the neighbors for 123 Prospect Street, Summit.

Address Square feet Purchase date Purchase price
610 Springfield Ave, Summit 3,519 07/25/2022 $1,216,000
606 Springfield Ave, Summit 2,582 12/07/2016 $10
596 Springfield Ave, Summit 1,752 10/09/1985 $50,000
2 High St, Summit 5,934 07/09/2025 $1
618 Springfield Ave, Summit 2,683 10/09/2014 $1
16 High St, Summit 2,884 02/22/2022 $1,725,000
20 High St, Summit 5,134 05/18/2022 $2,405,000
125 Prospect St, Summit 4,300 08/22/2018 $1,660,000
608 Springfield Ave, Summit 2,216 07/12/2021 $965,000
614 Springfield Ave, Summit 2,306 06/29/2010 $699,000
129 Prospect St, Summit 4,422 09/04/2007 $1,510,000
14 Pine Grove Ave, Summit 4,823 02/28/2017 $1,740,000
598 Springfield Ave, Summit 1,756 11/11/2021 $635,000
12 High St, Summit 5,671 07/10/2020 $3,150,000
22 High St, Summit 6,413 05/23/2024 $4,100,000
133 Prospect St, Summit 3,800 07/15/2019 $1,825,000
600 Springfield Ave, Summit 1,953 08/16/2017 $565,500
18 High St, Summit 1,707 02/22/2022 $675,000
24 High St, Summit 2,854 10/23/2013 $965,000
624 Springfield Ave, Summit 2,738

Nearby ZIP Codes for 123 Prospect Street, Summit

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