For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Peabody 01960 Proctor
4 Summit St
$331,500
● House - Off Market

4 Summit St

Peabody, MA 01960
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,564 Ft²
$470,034
RealtyHop Estimate
42.43%
Since Dec 1, 2019
MA-Boston
Primary Model

About This Property

Attention, contractors, builders, DIYers here's the great opportunity you've been waiting for!  Remodel this adorable 4 bedroom Cape and gain some serious equity.  First time home buyers, this is a very affordable and livable home to inhabit while you roll up your sleeves and making improvements. The possibilities are endless.  Take advantage of Peabody's low taxes, municipal electric, good schools, thriving downtown, shopping, medical facilities and more.  The convenient location will surely cut down on your commute to Boston, points north, west and to the seacoast.  This home already has an open floor plan beautiful sun room and hardwood floors throughout.  No heat in 4th bedroom.   Showings begin at Open Houses Saturday,10/12, from 12-2 and Sunday, 10/13  from 12-2.
Unit Size
1,564 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$211
Property Type
House
Property Taxes
$264
HOA Dues
-
Year Built
1951

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: 4 months ago (MLSPIN #72577357)

Price History

Date / Event Date Event Price
Nov 26, 2019 Sold
Premium
Sold
Oct 9, 2019 Listed by Century 21 North East $330,000
Listed by Century 21 North East

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,107
  • Total Building Area: 1,352
  • Gross Building Area: 1,352
  • Building Area: 1,352
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,352
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000186
  • 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: 210302

Zoning

  • Zoning: R5

Geography

  • Account Number: 8273
  • Parcel: PEAB M:0072 B:0033
  • Block: 33
  • Municipality: PEABODY
  • Latitude: 42.533
  • Longitude: -70.9525

    Address

  • Full Address: 4 Summit St
  • Address - House Number: 4
  • Address - Street Name: Summit
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C032
  • 4-Digit Zip Code: 2723
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $355,000

    Appraisal Valuation

  • Standard Deviation: 0.19
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 537,633
  • High Value: 639,851
  • Low Value: 435,416

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $389,200
  • Assessed Land Value: $218,600
  • Assessed Improvements Value: $170,600

    Sales

  • Current Sale Contract Date: Nov 22, 2019
  • Current Sale Recording Date: Nov 26, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20191126004280
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:

$604,450

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1885 ft²

Average Home Age

78.7 years

Currently For Sale

12 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72577357

Frequently Asked Questions

When was property at 4 Summit Street built and last sold?
The property at 4 Summit Street was built in 1951 and last sold on Nov 22, 2019 for $331,500.
How much is this home worth?
The estimated value of the home located at 4 Summit Street is $345,051.
What are some comparable homes to 4 Summit Street?
There are currently no comparable homes to 4 Summit 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 Proctor
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