$615,000
SOLD SEP 19, 2024

22 Summit Terrace Peabody, MA 01960

4 Beds
1 Bath
1,527 Sq Ft
7,823 Sq Ft Lot

Recently Sold

$403 Per Sq Ft

7 Days on Market

Highlights

  • Cape Cod Architecture
  • Bonus Room
  • Cooling System Mounted In Outer Wall Opening
  • Main Floor Primary Bedroom
  • No HOA
  • Heating System Uses Steam

About This Home

As of September 2024

Welcome to your dream home! This delightful 4-bedroom, 1-bath Cape Cod gem in Peabody is bursting with charm and modern updates. You'll fall in love with the updated kitchen and bath, and the beautifully refinished hardwood floors that grace the main floor. Imagine sipping your morning coffee or unwinding in the evening in your lovely 3-season room. Half of the spacious basement has been beautifully finished and ready to be your perfect family room, home office, or whatever you dream up. The yard offers a perfect space for relaxation, summer BBQs, and outdoor fun. Nestled in a peaceful, quiet neighborhood, this home is just minutes from highway access and all the fantastic amenities Peabody has to offer. Don't miss out on this fantastic opportunity – your perfect home is waiting! NO dotloop please!

Last Agent to Sell the Property

Shannon McInnis

Keller Williams Realty Evolution Listed on: 07/24/2024

Keller Williams Realty Evolution

Last Buyer's Agent

Vinh Nguyen

Kava Realty Group, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,555

Year Built

  • Built in 1951

Lot Details

  • 7,823 Sq Ft Lot
  • Property is zoned R1A

Home Design

  • Cape Cod Architecture
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,527 Sq Ft Home
  • Bonus Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heating System Uses Oil
  • Heating System Uses Steam
  • Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number M:0073 B:0012,2103757

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,555

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cape
  • Year Built: 1951
  • Buyer Agency: 0
  • Sub Agent Compensation: 0
  • Transaction Broker: 0
  • Year Built Details: Actual
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Bonus Room
  • Fireplace YN: No
  • Appliances: Water Heater
  • Total Bedrooms: 4
  • Room Bedroom2 Level: First
  • Room Bedroom2 Area: 81
  • Room Bedroom3 Area: 132
  • Room Bedroom3 Level: Second
  • Room Bedroom4 Area: 121
  • Room Bedroom4 Level: Second
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Level: First
  • Room Master Bedroom Area: 132
  • Bathroom 1 Area: 30
  • Bathroom 1 Level: First
  • Room Dining Room Level: First
  • Room Dining Room Area: 55
  • Room Kitchen Level: First
  • Room Kitchen Area: 64
  • Laundry Features: In Basement
  • Room Living Room Level: First
  • Room Living Room Area: 208
  • Basement: Full
  • Living Area: 1527
  • Spa YN: No
  • MAIN LO: C95098
  • LIST PRICE PER Sq Ft: 402.69
  • PRICE PER Sq Ft: 402.75
  • MAIN SO: AC0746

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s), Wall Unit(s)
  • Heating: Steam, Oil
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association YN: No
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0073 B:0012,2103757
  • Zoning: R1A
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.18
  • Lot Size Area: 0.18
  • Lot Size Sq Ft: 7823
  • Lot Size Units: Acres
  • Property Attached YN: No
  • PAGE: 65
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 3555
  • Tax Book Number: 38116

Multi Family

  • Basement Included Sq Ft: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2019
Closed on
Dec 13, 2019
Sold by
Tourtillott John A
Bought by
Crevatis Robert
Seller's Agent
Mike Cotraro
Aluxety
Buyer's Agent
Susan Keenan
RE/MAX 360
List Price
$338,500
Sold Price
$350,000
Premium/Discount to List
$11,500
3.4%
Current Estimated Value
$631,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$281,425
Avg. Annual Appreciation
10.89%
Original Mortgage
$330,000
Interest Rate
3.7%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Not Resolvable $350,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $584,250 Purchase Money Mortgage
Closed $584,250 Purchase Money Mortgage
Closed $330,500 Stand Alone Refi Refinance Of Original Loan
Closed $330,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2024 09/19/24 Sold $615,000 0.0% $403 / Sq Ft
08/01/2024 08/01/24 Pending -- -- --
07/24/2024 07/24/24 For Sale $614,900 +75.7% $403 / Sq Ft
12/16/2019 12/16/19 Sold $350,000 +3.4% $379 / Sq Ft
10/31/2019 10/31/19 Pending -- -- --
10/23/2019 10/23/19 For Sale $338,500 -- $366 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,101 $550,900 $241,500 $309,400
2024 $3,555 $389,800 $241,500 $148,300
2023 $3,809 $400,100 $215,600 $184,500
2022 $3,627 $359,100 $192,500 $166,600
2021 $3,460 $329,800 $175,000 $154,800
2020 $3,306 $307,800 $175,000 $132,800
2019 $3,266 $296,600 $175,000 $121,600
2018 $2,981 $260,100 $159,100 $101,000
2017 $2,708 $230,300 $159,100 $71,200
2016 $2,771 $232,500 $159,100 $73,400
2015 $3,012 $244,900 $155,100 $89,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73269050

MLS Property Information Network (MLS PIN)

APN: PEAB-000073-000000-000012