For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Peabody 01960 Peabody Town Center
16 Summer St
Photo of 16 Summer St
Sold on Jul 1, 2005

1

Map

$305,000
● House - Off Market

16 Summer St

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,672 Ft²
$541,895
RealtyHop Estimate
76.23%
Since Aug 1, 2005
MA-Boston
Primary Model

About This Property

Spacious,lovingly maintained 3BR,2BA colonial at 16 Summer St.Unique charm w/refinished pine floors,large country kit.,formal DR w/wainscoting,Good Morning staircase & private Beacon Hill style back yard w/mature plantings. Completely renov.bath w/pedestal sink & marble floor in downstairs bath, thermal replacement windows thruout, updated electrical. Distinctive blue-green ceramic tile in freshly-painted kitchen. Mins. to Rtes 128 & 1, NorthShore Mall. Priced to sell, no contingencies.
Unit Size
1,672 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$184
Property Type
House
Property Taxes
$175
HOA Dues
-
Year Built
1907

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (MLSPIN #70149168)

Price History

Date / Event Date Event Price
Jul 1, 2005 Sold
Premium
Sold
Feb 23, 2005 Listed $307,500
Listed
Feb 29, 2000 Sold
Premium
Sold
Dec 12, 1999 Listed $165,900
Listed
Sep 29, 1995 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1907
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,919
  • Total Building Area: 1,632
  • Gross Building Area: 1,632
  • Building Area: 1,632
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,632
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000067
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Peabody School District
  • School Tax School District: PEABODY SD
  • Census Tract: 210700

Zoning

  • Zoning: R2

Geography

  • Account Number: 10471
  • Parcel: PEAB M:0085 B:0164
  • Block: 164
  • Municipality: PEABODY
  • Latitude: 42.5247
  • Longitude: -70.9264

    Address

  • Full Address: 16 Summer St
  • Address - House Number: 16
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C018
  • 4-Digit Zip Code: 5540
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $403,100

    Appraisal Valuation

  • Standard Deviation: 0.1842
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 552,199
  • High Value: 653,965
  • Low Value: 450,432

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $442,000
  • Assessed Land Value: $186,900
  • Assessed Improvements Value: $255,100

    Sales

  • Current Sale Recording Date: Jul 01, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Feb 29, 2000
  • Previous Sale Amount: $166,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Peabody Town Center

Stats & Trends

Median Asking:

$569,950

Sale Price/ft²

$390

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1595 ft²

Average Home Age

72.7 years

Currently For Sale

15 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70149168

Frequently Asked Questions

When was property at 16 Summer Street built and last sold?
The property at 16 Summer Street was built in 1907 and last sold on Jan 1, 1970 for $305,000.
How much is this home worth?
The estimated value of the home located at 16 Summer Street is $322,607.
What are some comparable homes to 16 Summer Street?
There are currently no comparable homes to 16 Summer Street.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Peabody Homes for Sale
Peabody Houses for Sale
Peabody Condos for Sale
Peabody Multifamily for Sale
Peabody Land for Sale
Peabody Commercial for Sale
Peabody Homes with Basements
Peabody Homes with Pools
Nearby Cities
Lynn Homes for Sale
Salem Homes for Sale
Medford Homes for Sale
Beverly Homes for Sale
Malden Homes for Sale
Woburn Homes for Sale
Melrose Homes for Sale
Wakefield Homes for Sale
Nearby Property Records
Suffolk County, MA Property Records
Essex County, MA Property Records
Middlesex County, MA Property Records
Norfolk County, MA Property Records
Rockingham County, NH Property Records
Hillsborough County, NH Property Records
Plymouth County, MA Property Records
Worcester County, MA Property Records
Neighborhoods
Maplewood Real Estate
West Revere Real Estate
Downtown Woburn Real Estate
Winchester Town Center Real Estate
Peabody Town Center Real Estate
Salem Neck Real Estate
Cliftondale Real Estate
West Medford Real Estate
Nearby Counties
Lynn Homes for Sale
Salem Homes for Sale
Medford Homes for Sale
Beverly Homes for Sale
Malden Homes for Sale
Woburn Homes for Sale
Melrose Homes for Sale
Wakefield Homes for Sale
Top Real Estate Agents
Top Agents in Peabody Town Center
Top Agents in Peabody
Top Agents in Lynn
Top Agents in Lynn
Top Agents in Salem
Top Agents in Salem
Top Agents in 01970
Top Agents in Medford