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

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Neighborhood

2 Summit Ter, Peabody MA 01960

Peabody, MA 01960

Walkability

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Schools

Elementary School
Center
Rating information coming soon
Middle School
J Henry Higgins
Rating information coming soon
High School
Peabody Veteran
Rating information coming soon

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

15.3%
Price Range
7
Total Days on Market

Property Timeline

Current Active Listing - MLS #73453258
Full transaction history available when tracking began
🏡
Currently Listed
Nov 10, 2025
$649,000
MLS #73453258 - Active
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
Nov 18, 2025 Sold $649,000
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.

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Market Analytics for Peabody, MA

Real-time market trends and pricing data for this area

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