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Peabody 01960 Proctor
17 Summit Terrace
$506,000
● House - Off Market

17 Summit Terrace

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,510 Ft²
$739,093
RealtyHop Estimate
48.11%
Since Jul 1, 2018
MA-Boston
Primary Model

About This Property

Absolute move in condition home with brand new kitchen with breakfast bar and granite island, outstanding open floor plan with soaring cathedral ceilings in family room. Oversized dining room with fireplace, separate den and bonus room for office or study, 2 new baths with custom tile, gorgeous hardwood floors throughout,  the finished lower level offers a flexible floor plan with living room and possible 4th bedroom, 1/2 bath and separate bar area great for entertaining or teen suite or in law potential. Entire home is wired for surround sound. Lovely fenced in yard with irrigation system, relax on front farmers porch or new back deck, updated utilities. Great neighborhood close to major routes 128,95,114 and rte 1.  SHOWINGS BEGIN AT OPEN HOUSE THIS SUNDAY APRIL 29TH FROM 1-3
Unit Size
2,510 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$199
Property Type
House
Property Taxes
$372
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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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: 4 months ago (MLSPIN #72314014)

Price History

Date / Event Date Event Price
Jun 29, 2018 Sold
Premium
Sold
Apr 24, 2018 Listed by RE/MAX Advantage Real Estate $499,000
Listed by RE/MAX Advantage Real Estate
Apr 20, 2001 Sold
Premium
Sold
Feb 28, 2001 Listed by RE/MAX Advantage Real Estate $239,900
Listed by RE/MAX Advantage Real Estate
Sep 27, 1999 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 2
  • Basement Area: 256
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,998
  • Total Building Area: 1,744
  • Gross Building Area: 1,744
  • Building Area: 1,744
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,744
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUMMIT PARK
  • Land Acres: 0000000138
  • 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: 210402

Zoning

  • Zoning: R1A

Geography

  • Account Number: 8516
  • Parcel: PEAB M:0073 B:0027
  • Block: 27
  • Municipality: PEABODY
  • Latitude: 42.5314
  • Longitude: -70.9505

    Address

  • Full Address: 17 Summit Ter
  • Address - House Number: 17
  • Address - Street Name: Summit
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Peabody
  • Carrier Code: C019
  • 4-Digit Zip Code: 4023
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $555,100

    Appraisal Valuation

  • Standard Deviation: 0.1734
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 708,985
  • High Value: 831,985
  • Low Value: 585,985

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $608,700
  • Assessed Land Value: $227,600
  • Assessed Improvements Value: $381,100

    Sales

  • Current Sale Recording Date: Jun 29, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180629002270
  • Previous Sale Recording Date: Apr 20, 2001
  • Previous Sale Amount: $238,595
  • 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 Proctor

Stats & Trends

Median Asking:

$599,900

Sale Price/ft²

$375

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1730 ft²

Average Home Age

78.4 years

Currently For Sale

16 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72314014

Frequently Asked Questions

When was property at 17 Summit Terrace built and last sold?
The property at 17 Summit Terrace was built in 1950 and last sold on Jan 1, 1970 for $506,000.
How much is this home worth?
The estimated value of the home located at 17 Summit Terrace is $529,793.
What are some comparable homes to 17 Summit Terrace?
There are currently no comparable homes to 17 Summit Terrace.
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