2 Summit Ter, Peabody MA 01960

Peabody, MA 01960
$615,000
Est. $3,273/month
4
Beds
1
Baths
1,104
Sq Ft
$557
Price/Sq Ft
0.18
Acres
1948
Year Built
Single Family Residence
Type
5
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73244422

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).

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

Property Overview

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

Interior Features

Heating
Steam, Oil
Has Heating
Yes
Cooling
None
Has Cooling
No
Has Fireplace
No
Basement Details
Full

Exterior & Structure

Architectural Style
Cape
Foundation
Concrete Perimeter
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.18 acres
Lot Size
7,784 sq ft
Lot Size Area
0.1800

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
4
Parking Features
Paved Drive, Off Street

Utilities & Systems

Water Source
Public
Sewer
Public Sewer

Community & HOA

HOA
No
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$4,084
Tax Year
2024
Tax Assessed Value
$447,800
Parcel Number
M:0073 B:0002,2103747
Zoning
R1A

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Attached Property
No

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

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%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $340
Homeowners Insurance $200
PMI $0

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

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