BMN Boston

Get our mobile app!

Download on the App Store

2 Summit Ter, Peabody MA 01960

Peabody, MA 01960
$615,000
Est. $3,650/month
4
Beds
1
Baths
1,104
Sq Ft
$557
Price/Sq Ft
0.18
Acres
1948
Year Built
5
Days on Market
Closed Listed May 30, 2024 • MLS# 73244422 Copied!

About this home

Welcome home to 2 Summit Terrace. This charming 4-bedroom, 1-bath home is located in a quiet, highly sought-after Peabody neighborhood. Lovingly maintained by the same family since it was built, this home is ready for a new owner to make it their own and unlock its full potential.The first floor features hardwood floors hidden beneath the carpet, waiting to be revealed and restored to their original beauty. The level yard offers a perfect space for relaxation, summer BBQs, and outdoor fun. Additionally, the large unfinished basement presents a fantastic opportunity to create additional living space tailored to your needs and preferences. Don’t miss your chance to build equity in this beautiful home. Offers if any, due Tuesday 6/2 by 2pm. Please allow 30 hours to respond (8pm 6/5).

Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1948
Bedrooms
4
Full Bathrooms
1
Living Area
1,104 sq ft
Total Rooms
6

Sale Statistics

Sale Overview
Original List Price: $549,900
Final Sale Price: $615,000
Difference: +$65,100 (+11.8%)
Performance Metrics
111.8%
List to Sale Ratio
Sold above asking price
5
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $498
Sale $/sq ft: $557
This property sold for $557 per square foot
Sale Summary

This property sold for 11.8% above the original asking price, indicating strong buyer demand.

With only 5 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Home Facts

Type Residential
Style Single Family Residence
Year Built 1948
Living Area 1,104 sq ft
Lot Size 0.18 acres
Bedrooms 4
Full Baths 1
Total Rooms 6

Interior

Heating Steam, Oil
Cooling None
Flooring None
Appliances None
Fireplace None
Basement Full
Laundry None
Features None

Exterior

Construction None
Architecture Cape
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Paved Drive, Off Street
Total Spaces 4

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $4,084
Assessed Value $447,800

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: Full
Laundry:
Security:

Construction & Materials

Style: Cape
Year Built: 1948
Structure Type:
Exterior Materials:
Roof:
Foundation: Concrete Perimeter

Heating, Cooling & Utilities

Heating: Steam, Oil
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 4
Parking Features: Paved Drive, Off Street

Location

Loading map...

Neighborhood

2 Summit Ter, Peabody MA 01960

Peabody, MA 01960

Walkability

Loading Walk Score...

Nearby Schools

School District
Peabody School District local
C
School Safety 2024-25
2.1% Average
1.9% Suspensions 1.7% In-School 0.2% Emergency
3.4% below state avg
E

Elementary Schools

10 schools
Covenant Christian Academy
2.7 mi
Grades PK-12
The Recreational Education Center, LLC
2.7 mi
Grades PK-12
F
Peabody Personalized Remote Education Program (Peabody P.R.E.P.)
4.0 mi | #346 of 346 | Score: 14.3
Improved 32 spots from last year
-43.9 below state avg
97 students Diverse
Rising School
Grades K-12
C-
Center School
0.4 mi | #731 of 824 | Score: 33.7
Dropped 351 spots from last year
-24.6 below state avg
123 students Diverse
Diverse Student Body
Grades PK-05
A-
South Memorial School
1.0 mi | #235 of 824 | Score: 53.0
Improved 270 spots from last year
-5.2 below state avg
506 students Moderate
Rising School
Grades PK-05
C-
William A Welch Sr School
1.4 mi | #666 of 824 | Score: 37.6
Improved 124 spots from last year
-20.7 below state avg
408 students Diverse
Rising School
Grades K-05
B-
Captain Samuel Brown School
1.6 mi | #482 of 824 | Score: 45.3
Improved 39 spots from last year
-12.9 below state avg
369 students Diverse
Rising School
Grades K-05
C
Thomas Carroll School
1.7 mi | #611 of 824 | Score: 40.2
Improved 128 spots from last year
-18 below state avg
645 students Diverse
Rising School Diverse Student Body
Grades PK-05
C
John E. McCarthy School
2.6 mi | #612 of 824 | Score: 40.0
Dropped 34 spots from last year
-18.2 below state avg
385 students Diverse
Diverse Student Body
Grades K-05
B+
West Memorial School
3.4 mi | #284 of 824 | Score: 51.2
Improved 182 spots from last year
-7 below state avg
294 students Moderate
Rising School
Grades PK-05
M

Middle Schools

1 school
C+
J. Henry Higgins Middle School
0.6 mi | #240 of 352 | Score: 37.2
Improved 5 spots from last year
-21 below state avg
1,320 students Diverse
Grades 06-08
H

High Schools

2 schools
C
Peabody Veterans Memorial High School
1.5 mi | #251 of 346 | Score: 45.9
Improved 8 spots from last year
-12.3 below state avg
1,333 students Diverse
19 sports • 1,614 athletes
Career Tech Programs Strong Athletics
Grades 09-12
Bishop Fenwick High School
1.9 mi
17 sports • 1,390 athletes
Strong Athletics
Grades 09-12
Learn about these ratings

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $340
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

10.6%
Price Range
7
Total Days on Market

Property Timeline

Sold
Aug 9, 2024
$615,000
Property sold
Days on Market: 7
🏠
Listed for Sale
May 30, 2024
$549,900
Original listing
Agent: Shannon McInnis Office: Keller Williams Realty Evolution

Price & Status History

Date Event Price Change
May 30, 2024 New Listing Added $549,900

Market Statistics

Days on Market
5 days
Price per Sq Ft
$557

Tax History

Year Taxes Assessment
2024 $4,084 $447,800

Financial Details

Annual Property Tax
$4,084
Tax Year 2024
Assessed Value
$447,800

Listing Information

Listing Agent Shannon McInnis
Listing Office Keller Williams Realty Evolution
Agent MLS ID CN254155
Office MLS ID C95098
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

Customize Comparable Search

Finding comparable properties...

Market Analytics for Peabody, MA

Real-time market trends and pricing data for this area

2 Summit Ter, Peabody MA 01960 - Photo 1 2 Summit Ter, Peabody MA 01960 - Photo 2 2 Summit Ter, Peabody MA 01960 - Photo 3 2 Summit Ter, Peabody MA 01960 - Photo 4 2 Summit Ter, Peabody MA 01960 - Photo 5 2 Summit Ter, Peabody MA 01960 - Photo 6 2 Summit Ter, Peabody MA 01960 - Photo 7 2 Summit Ter, Peabody MA 01960 - Photo 8 2 Summit Ter, Peabody MA 01960 - Photo 9 2 Summit Ter, Peabody MA 01960 - Photo 10 2 Summit Ter, Peabody MA 01960 - Photo 11 2 Summit Ter, Peabody MA 01960 - Photo 12 2 Summit Ter, Peabody MA 01960 - Photo 13 2 Summit Ter, Peabody MA 01960 - Photo 14 2 Summit Ter, Peabody MA 01960 - Photo 15 2 Summit Ter, Peabody MA 01960 - Photo 16 2 Summit Ter, Peabody MA 01960 - Photo 17 2 Summit Ter, Peabody MA 01960 - Photo 18 2 Summit Ter, Peabody MA 01960 - Photo 19 2 Summit Ter, Peabody MA 01960 - Photo 20 2 Summit Ter, Peabody MA 01960 - Photo 21 2 Summit Ter, Peabody MA 01960 - Photo 22 2 Summit Ter, Peabody MA 01960 - Photo 23 2 Summit Ter, Peabody MA 01960 - Photo 24 2 Summit Ter, Peabody MA 01960 - Photo 25 2 Summit Ter, Peabody MA 01960 - Photo 26 2 Summit Ter, Peabody MA 01960 - Photo 27 2 Summit Ter, Peabody MA 01960 - Photo 28 2 Summit Ter, Peabody MA 01960 - Photo 29 2 Summit Ter, Peabody MA 01960 - Photo 30 2 Summit Ter, Peabody MA 01960 - Photo 31
Steven Novak

Steven Novak

BMN Boston Real Estate

Schedule a Tour