See Home Value
$615,000
● House - Off Market

2 Summit Ter

Peabody, MA 01960
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,104 Ft²
$3,041
Est. Monthly

About This Property

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).
Unit Size
1,104 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$498
Property Type
House
Property Taxes
$340
HOA Dues
-
Year Built
1948

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Last updated: 4 months ago (MLSPIN #73244422)

Price History

Date / Event Date Event Price
Mar 5, 2026 Sold
Sold
Jan 5, 2026 In contract -
In contract
Nov 10, 2025 Listed by Coldwell Banker Realty - Beverly $649,000
Listed by Coldwell Banker Realty - Beverly
This home has been beautifully transformed cosmetically in the last 15 months that the owners have resided here! It offers approximately 1,100 square feet of living space on a lot of 0.18 acres in the wonderful neighborhood of Emerson park. The residence has four bedrooms and one bathroom. Throughout the interior, the home features new wall-to-wall carpeting and newly painted surfaces. The hardwood floors have been refinished, adding warmth and character. Decorative wood beams on the living room ceiling provide a charming designer detail. The fenced-in yard offers ample outdoor space, perfect for entertaining family and friends. Off-street driveway parking for up to six vehicles. The property is situated close to major commuter routes as well as a variety of shopping and dining options. .Don't miss out on this charming move in ready home! Showings begin at Open Houses Saturday & Sunday 11/15 & 11/16.
Aug 9, 2024 Sold
Sold
May 29, 2024 Listed by Keller Williams Realty Evolution $549,900
Listed by Keller Williams Realty Evolution
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).
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Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,784
  • Total Building Area: 1,104
  • Gross Building Area: 1,104
  • Building Area: 1,104
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,104
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000179
  • 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: 8491
  • Parcel: PEAB M:0073 B:0002
  • Block: 2
  • Municipality: PEABODY
  • Latitude: 42.5301
  • Longitude: -70.9514

    Address

  • Full Address: 2 Summit Ter
  • Address - House Number: 2
  • Address - Street Name: Summit
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Peabody
  • Carrier Code: C019
  • 4-Digit Zip Code: 4024
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $408,400
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1831
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 562,478
  • High Value: 665,497
  • Low Value: 459,459

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $447,800
  • Assessed Land Value: $241,200
  • Assessed Improvements Value: $206,600

    Sales

  • Current Sale Recording Date: Aug 07, 2015
  • Current Sale Price:
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 266
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

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

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Frequently Asked Questions

When was property at 2 Summit Terrace built and last sold?
The property at 2 Summit Terrace was built in 1948 and last sold on Jan 1, 1970 for $288,000.
How much is this home worth?
The estimated value of the home located at 2 Summit Terrace is $641,823.
What are some comparable homes to 2 Summit Terrace?
There are currently no comparable homes to 2 Summit Terrace.