Eliza Theiss,
Mar 14, 2025
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40 Prospect Hill Avenue, Summit, NJ 07901 Property Information
40 Prospect Hill Avenue, Summit, NJ 07901 Property Information
- General
- Owner
- Documents
- Tax
- Neighborhood
Address
| Primary address | 40 Prospect Hill Avenue, Summit |
| Zip code | 07901 |
| County | Union |
| Municipality | Summit City |
| Block | 3502 |
| Lot | 16 |
Sales & Tax Overview for 40 Prospect Hill Avenue, Summit
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 12/20/2023 |
| Sale price | $6,500,000 |
| Arm's length | Register |
| Property tax | $63,815 |
Lot & Building Information for 40 Prospect Hill Avenue, Summit
| Building sqft | 5,880 |
| Building class | Residential (2) |
| Acreage | 1.139 |
| Year built | 1925 |
| Stories | 2 |
| Exterior structural material | Register |
Zoning, Use & Area Overview
Walk Score
Transit Score
Bike Score
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
Other Property Data for 40 Prospect Hill Avenue, Summit
Property reports include comprehensive occupancy, improvement and development information (where available).
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- • Improvements for 40 Prospect Hill Avenue, Summit , including their type, square footage, grade and when they were built.
- • Development maps such as planimetric, zoning, land use and urban landscape maps (building age and stories).
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About 40 Prospect Hill Avenue, Summit
What is the year built & the total sq. ft. for 40 Prospect Hill Avenue, Summit, NJ 07901?
40 Prospect Hill Avenue, Summit, NJ 07901 was built in 1925 and has a total of 5,880 square feet.
What is the assessed value of 40 Prospect Hill Avenue, Summit, NJ 07901 and the property tax paid?Assessed at $1,465,000, the tax amount paid for 40 Prospect Hill Avenue, Summit, NJ 07901 is $63,815.
When was 40 Prospect Hill Avenue, Summit, NJ 07901 last sold and what was the last sale price?40 Prospect Hill Avenue, Summit, NJ 07901 was last sold in 12/20/2023 for $6,500,000.
Ownership Information
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More about Union County Property Owners
Real Estate Reports:
Eliza Theiss,
Mar 06, 2025
Median Year Built on the Rise as New Construction Reshapes U.S. Housing Stock
The typical American home was built in 1980, four years later than a decade ago, as housing stocks in some cities leap forward by 20+ years.
Past Sales & Property History for 40 Prospect Hill Avenue, Summit
Create a free account to view the complete sales history for 40 Prospect Hill Avenue, Summit, including title documents, transfer conditions, mortgages and liens.
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More about Union County Property Records
Title Documents for 40 Prospect Hill Avenue, Summit
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R: Recorded date
D: Document date
Property Taxes for 40 Prospect Hill Avenue, Summit
Access detailed property tax data for 40 Prospect Hill Avenue, Summit, NJ 07901. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2024 |
| Property tax | $63,815 |
| Land value | $621,700 |
| Building value | $843,300 |
| Market value | $1,465,000 |
More about Union County Property Taxes
Assessment History for 40 Prospect Hill Avenue, Summit
Here's the assessment & property tax history for 40 Prospect Hill Avenue, 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 | $1,465,000 | $1,465,000 | 4.356 | $63,815 | +0.67% |
| 2023 | $1,465,000 | $1,465,000 | 4.327 | $63,391 | +1.03% |
| 2022 | $1,465,000 | $1,465,000 | 4.283 | $62,746 | -0.79% |
| 2021 | $1,465,000 | $1,465,000 | 4.317 | $63,244 | -0.99% |
| 2020 | $1,465,000 | $1,465,000 | 4.36 | $63,874 | -13.47% |
Risk
Create a free account to unlock extended information for 40 Prospect Hill Avenue, 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 | Register |
Transportation
Access the detailed traffic volume map for 40 Prospect Hill Avenue, Summit to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.
| View daily traffic map |
Schools
Nearest elementary schools
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Glenwood Elementary School | 6 | Public | K-4 | 362 | 0.79 |
| Cpc Weekday Nursery School & Kindergarten | NR | Private | PK-K | 155 | 0.83 |
| Cpc Weekday Nursery School & Kindergarten | NR | Private | PK-K | 155 | 0.83 |
| Lincoln Hubbard Elementary School | 8 | Public | 1-5 | 314 | 0.86 |
| Jefferson Primary Center | NR | Public | PK, K | 128 | 0.96 |
Nearest middle schools
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| L C Johnson Summit Middle School | 7 | Public | 6-8 | 942 | 0.90 |
| Kent Place School | NR | Private | PK-12 | 621 | 1.06 |
| Oak Knoll School of the Holy Child | NR | Private | K-12 | 504 | 1.30 |
| Oratory Preparatory School | NR | Private | 7-12 | 373 | 1.34 |
| St. Rose of Lima School | NR | Private | PK-8 | 186 | 1.62 |
Nearest high schools
| Name | Rating | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|
| Kent Place School | NR | Private | PK-12 | 621 | 1.06 |
| Oak Knoll School of the Holy Child | NR | Private | K-12 | 504 | 1.30 |
| Oratory Preparatory School | NR | Private | 7-12 | 373 | 1.34 |
| Summit Sr High School | 7 | Public | 9-12 | 1,169 | 1.43 |
| Millburn Sr High School | 8 | Public | 9-12 | 1,385 | 1.52 |
Data provided by GreatSchools.org © 2025. All rights reserved.
Neighbors for 40 Prospect Hill Avenue, Summit
Here are the neighbors for 40 Prospect Hill Avenue, Summit.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 34 Prospect Hill Ave, Summit | 09/30/2016 | $6,400,000 | |
| 58 Huntley Rd, Summit | 952 | 07/23/2014 | $350,000 |
| 66 Prospect Hill Ave, Summit | 3,337 | 05/16/2014 | $1,695,000 |
| 76 Prospect Hill Ave, Summit | 3,979 | 08/18/2022 | $2,800,000 |
| 60 Huntley Rd, Summit | 1,650 | 09/11/2021 | $545,000 |
| 46 Huntley Rd, Summit | 1,240 | 07/16/2013 | $1 |
| 58 Prospect Hill Ave, Summit | 4,077 | 07/19/2018 | $2,436,665 |
| 78 Prospect Hill Ave, Summit | 2,177 | 08/20/2003 | $1 |
| 82 Prospect Hill Ave, Summit | 4,071 | 01/14/2021 | $2,075,000 |
| 66 Huntley Rd, Summit | 952 | 01/26/2011 | $362,000 |
| 52 Huntley Rd, Summit | 1,654 | 10/30/2006 | $435,000 |
| 84 Prospect Hill Ave, Summit | 3,946 | 09/04/2009 | $2,125,000 |
| 62 Huntley Rd, Summit | 952 | 12/01/1997 | $183,000 |
| 90 Prospect Hill Ave, Summit | 6,140 | 11/05/2020 | $2,680,000 |
| 56 Huntley Rd, Summit | 952 | 05/14/2020 | $446,000 |
| 50 Prospect Hill Ave, Summit | 6,827 | 05/26/2022 | $4,320,000 |
| 60 Prospect Hill Ave, Summit | 3,214 | 06/22/2000 | $1,410,000 |
| 80 Prospect Hill Ave, Summit | 3,704 | 09/01/2021 | $2,233,000 |
| 50 Huntley Rd, Summit | 952 | 10/16/2024 | $650,000 |
| 48 Huntley Rd, Summit | 952 |
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