1420 Summit Ave Toms River, NJ 08753
Estimated payment $6,031/month
Highlights
- Docks
- Custom Home
- New Kitchen
- Boat Lift
- River View
- Deck
About This Home
Waterfront and NO flood insurance due to elevation. An exceptional opportunity awaits with this unique waterfront property featuring two homes for the price of one and stunning views of the Toms River. This is the ultimate retreat for boating enthusiasts! The main home offers three spacious bedrooms, plenty of closets, two bathrooms, and a loft that's perfect for a home office or additional living space. The recently updated eat-in kitchen, complete with granite countertops, a dishwasher, and a microwave. The kitchen and dining area flows seamlessly to a large deck where you can take in breathtaking river views, creating the ideal spot for outdoor dining or relaxation. Lower level offers great entertaining space with another refrigerator, sink and bath, Bulkheaded and dock! The lower level is an entertainer's paradise, equipped with a wet bar, sink, and refrigerator. Step outside to the patio or deck, which comes with retractable awnings, perfect for enjoying shade on sunny days. The outdoor space also includes a built-in gas grill and easy access to your private dock. The second home adds even more value to this property, offering one bedroom, one bathroom, a kitchen, and a living room. With a tenant already in place, it's a ready-made income opportunity or the perfect guest quarters. The property also features two storage sheds and off-street parking for two vehicles, adding convenience to its charm. Don't miss your chance to own this incredible property, schedule your showing today!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $21,233
Lot Details
- River Front
Home Design
- Custom Home
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Recessed Lighting
- Awning
- Loft
- Linoleum Flooring
- River Views
Kitchen
- New Kitchen
- Stove
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- No Garage
- On-Street Parking
- Off-Street Parking
Outdoor Features
- Bulkhead
- Boat Lift
- Docks
- Deck
Schools
- Washington St Elementary School
- Tr Intr South Middle School
- TOMS River South High School
Utilities
- Multiple cooling system units
- Forced Air Heating System
- Natural Gas Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 08-00712-0000-00593
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $21,233 | $750,000 | $386,000 | $364,000 |
| 2024 | $20,183 | $1,166,000 | $386,000 | $780,000 |
| 2023 | $16,740 | $1,166,000 | $386,000 | $780,000 |
| 2022 | $16,740 | $1,003,000 | $386,000 | $617,000 |
| 2021 | $10,586 | $422,600 | $273,400 | $149,200 |
| 2020 | $10,540 | $422,600 | $273,400 | $149,200 |
| 2019 | $10,083 | $422,600 | $273,400 | $149,200 |
| 2018 | $9,948 | $422,600 | $273,400 | $149,200 |
| 2017 | $9,863 | $422,600 | $273,400 | $149,200 |
| 2016 | $9,606 | $422,600 | $273,400 | $149,200 |
| 2015 | $9,242 | $422,600 | $273,400 | $149,200 |
| 2014 | $8,799 | $422,600 | $273,400 | $149,200 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/14/2025 04/14/25 | Price Changed | $799,999 | -2.3% | -- |
| 02/26/2025 02/26/25 | Price Changed | $819,000 | -3.5% | -- |
| 01/24/2025 01/24/25 | For Sale | $849,000 | 0.0% | -- |
| 11/01/2023 11/01/23 | Rented | $3,000 | 0.0% | -- |
| 10/23/2023 10/23/23 | Under Contract | -- | -- | -- |
| 10/13/2023 10/13/23 | For Rent | $3,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Bargain Sale Deed | $485,000 | Fidelity Natl Title Ins Co | |
| Deed | $119,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,000 | New Conventional | |
| Closed | $100,000 | Credit Line Revolving | |
| Closed | $400,000 | Unknown | |
| Closed | $40,000 | Unknown | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $175,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $135,000 | Unknown | |
| Previous Owner | $91,000 | No Value Available |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22501550
APN: 08-00712-0000-00593
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