40 Prospect Street, Canoe Brook, NJ 07901
Listing Courtesy of EXP REALTY, LLC
$1,700,000
Potential Rebate: $25,500
Overview
Introducing 40 Prospect Street - a rare opportunity in the heart of the highly desirable Summit, NJ! This longstanding 3BR/1.5BA colonial sits on an oversized lot and is ready for complete modern renovation / rebuild! Positioned in a quiet tree-lined neighborhood, this home is just minutes from downtown Summit and its restaurants, shopping, and direct rail service to NYC via NJ Transit. This property offers a combination of prime location, property size, top-rated schools, and more in one of Union County's most sought-after neighborhoods. To all homeowners and homebuilders, this is truly one with plenty of potential for its next chapter. Strictly ''AS IS'' sale, buyer responsible for C/O
Home Features
- •Wall Unit(s)
- •Window Unit(s)
- •Baseboard
- •Radiant
- •Baseboard Hotwater
- •Dishwasher
- •Dryer
- •Electric Range/Oven
Estimated Monthly Payment
$9,653 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$25,500
Monthly savings impact
$71/mo
Effective Purchase Price
$1,674,500
(Home Price - Estimated Rebate)
💡 Estimated rebate from our commission
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).
Listing data is provided in part from the Internet Listing Display (ILD) database of the All Jersey Multiple Listing System, Inc. (AJMLS). Listings held by brokerage firms other than the site owner are identified accordingly. AJMLS does not warrant the accuracy, quality, reliability, completeness, or usefulness of the information provided. Data is for consumers’ personal, non-commercial use only and may be used solely to identify properties consumers may be interested in purchasing or renting. © 2026 All Jersey Multiple Listing System, Inc. All rights reserved.
The Real Estate Rebate Team
Listing Courtesy of EXP REALTY, LLC
Data Source: AJMLS #2607798R
Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
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Listings
Listing data is provided in part from the Internet Listing Display (ILD) database of the All Jersey Multiple Listing System, Inc. (AJMLS). Listings held by brokerage firms other than the site owner are identified accordingly. AJMLS does not warrant the accuracy, quality, reliability, completeness, or usefulness of the information provided. Data is for consumers’ personal, non-commercial use only and may be used solely to identify properties consumers may be interested in purchasing or renting. © 2026 All Jersey Multiple Listing System, Inc. All rights reserved.
The Real Estate Rebate Team
Listing Courtesy of EXP REALTY, LLC
Data Source: AJMLS #2607798R
Price Analysis
Compare average listing prices and value metrics for 40 Prospect Street, Canoe Brook, NJ 07901 against the surrounding Summit City market.
Average List Price
Price Per SqFt
Insufficient size data available to calculate Price Per SqFt comparisons for this specific selection.
0.00% Lower
than the Summit City price average
Units in this this home are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
