Pending

$699,900

1 Summit Ter, Peabody, MA 01960

4beds

1,922sqft

N/A

Get pre-qualified

Single Family Residence

Built in 1950

7,723 Square Feet Lot

$707,900 Zestimate^®

$364/sqft

$-- HOA

What's special

Inviting inground poolPrivate backyard oasisGenerous living spaceFinished basement levelDedicated home gymVersatile bonus roomsBeautifully landscaped outdoor retreat

Welcome to 1 Summit Terrace, a spacious 4-bedroom, 2-bath home nestled in one of Peabody's most desirable neighborhoods. Thoughtfully designed to offer both comfort and flexibility, this home is perfectly suited for today's buyers who need room to live, work, and grow. The finished basement level adds valuable living space, featuring two separate rooms—including a dedicated home gym and an additional finished area ideal for a family room, home office, playroom, guest retreat, or whatever fits your lifestyle. Step outside to your own private backyard oasis, complete with an inviting inground pool and garden—the perfect setting for relaxing afternoons or summer entertaining. With generous living space, versatile bonus rooms, and a beautifully landscaped outdoor retreat, this Peabody home offers a rare combination of comfort and lifestyle.

51 days
190
4

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Level: Second
Area: 321.1
Dimensions: 13 x 24.7

Bedroom 2

Level: Second
Area: 191.52
Dimensions: 12.6 x 15.2

Bedroom 3

Level: First
Area: 112.7
Dimensions: 9.8 x 11.5

Bedroom 4

Level: First
Area: 146.16
Dimensions: 12.6 x 11.6

Primary bathroom

Features: No

Bathroom 1

Level: First
Area: 42.84
Dimensions: 5.1 x 8.4

Bathroom 2

Level: Second
Area: 52.92
Dimensions: 6.3 x 8.4

Family room

Level: Basement
Area: 303.02
Dimensions: 13.9 x 21.8

Kitchen

Level: First
Area: 149.5
Dimensions: 13 x 11.5

Living room

Level: First
Area: 215.16
Dimensions: 16.3 x 13.2

Heating

Baseboard, Radiant, Oil, Ductless

Cooling

Wall Unit(s), Ductless

Appliances

Included: Water Heater, Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer

Features

Basement: Partially Finished
Has fireplace: No

Interior area

Total structure area: 1,922
Total interior livable area: 1,922 sqft
Finished area above ground: 1,457
Finished area below ground: 465

Property

Parking

Total spaces: 2
Parking features: Paved Drive
Uncovered spaces: 2

Features

Patio & porch: Deck, Covered
Exterior features: Deck, Covered Patio/Deck, Pool - Inground, Storage, Gazebo, Garden
Has private pool: Yes
Pool features: In Ground

Lot

Size: 7,723 Square Feet

Details

Additional structures: Gazebo
Parcel number: 2103780
Zoning: R1A

Construction

Type & style

Home type: SingleFamily
Architectural style: Cape
Property subtype: Single Family Residence

Materials

Foundation: Concrete Perimeter

Condition

Year built: 1950

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Peabody

Financial & listing details

Price per square foot: $364/sqft
Tax assessed value: $566,200
Annual tax amount: $5,243
Date on market: 7/22/2026

Estimated market value

$707,900

$673,000 - $743,000

$4,218/mo

Price history

Date	Event	Price
8/13/2026	Pending sale	$699,900$364/sqft
Source: MLS PIN #73553754 Report a problem
7/30/2026	Contingent	$699,900$364/sqft
Source: MLS PIN #73553754 Report a problem
7/22/2026	Listed for sale	$699,900+412.7%$364/sqft
Source: MLS PIN #73553754 Report a problem
10/31/1989	Sold	$136,500$71/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,243 +10.1%	$566,200 +8.4%
2024	$4,762 +1.1%	$522,100 +5.6%
2023	$4,709	$494,600
2022	$4,709 +8.7%	$494,600 +19.7%
2021	$4,333 +1.1%	$413,100 +3.6%
2020	$4,284 +1.3%	$398,900 +3.8%
2019	$4,230 +6.4%	$384,200 +10.8%
2018	$3,974 +7.8%	$346,800 +10.7%
2017	$3,686 -1.2%	$313,400 +0.1%
2016	$3,732 -1.9%	$313,100 +1.3%
2015	$3,803 +5.2%	$309,200 +6%
2014	$3,616 +6%	$291,600 +2.5%
2013	$3,410 +4.9%	$284,600 +3.5%
2012	$3,252 +2.1%	$275,100
2011	$3,186 +3.9%	$275,100 -5.8%
2010	$3,065 +6.7%	$291,900 -5.5%
2009	$2,872 +1.6%	$308,800 -5.2%
2008	$2,826 -1.2%	$325,900 -11.6%
2007	$2,860 +3.9%	$368,600 +1.8%
2006	$2,753 +10.3%	$362,200 +20.4%
2005	$2,497 +2.6%	$300,800
2004	$2,433 +10.3%	$300,800 +28.9%
2003	$2,205 +25.8%	$233,300 +10.4%
2001	$1,753 +37%	$211,400 +60.6%
1999	$1,280	$131,600