8 Summit Ter, Peabody, MA 01960 Property Records

Essex County and Peabody City property record for 8 Summit Ter, Peabody, MA 01960

Property Summary

Property Type	Single Family Home
Details	4 bd · 2 ba · 1,693 sqft · built 1950
Lot Size	0.14 acres (6,103 sqft)
Owner	2 Individual Names on File
Last Sale	$732,000 (Mar 2024)
Tax Bill	$6,293 (2026)
Deeds & Mortgages	Mar 2024 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`PEAB M:0073 B:0005`

Property Details

APN / Parcel Number

Primary APN	`PEAB M:0073 B:0005`
Alternative APN	`8494`

Interior

Bedrooms	4 Beds
Full Baths	2 Baths
Total Rooms	9 Rooms
Stories	2 Stories
Building Area	1,693 sqft Living Area
1st Floor Area	1,693 sqft
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1950
Effective Year Built	Effective 1982
Architectural Style	Other
Exterior Material	Wood Siding
Lot Area	6,103 sqft (0.14 acres)
Pool Type	In-Ground Pool
Deck Area	Deck Area

Utilities, Heating & Cooling

Heating System	Hot Water
Heating Fuel	Oil

Location & Zoning

Account Number	8494
Street Address	8 SUMMIT TER
City	PEABODY
State	MA
Zip	01960-4024
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	R1A
Legal Subdivision	SUMMIT PARK
Legal Block	5
Jurisdiction	PEABODY MA
Township / Civil Division	PEABODY
Census Block Group	2
Census Block	2000
Census Tract	210402

Owner

8 Summit Ter is owned and occupied by two individuals who bought it in March 2024.

Source: Essex County and Peabody City records, as of October 20, 2026

Owner of Record	2 Individual Names on File
Mailing Address	8 SUMMIT TER, PEABODY, MA 01960-4024
Occupancy	Owner Occupied
Owner Type	Individual
Vesting	Tenants by the Entirety

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Mar 29, 2024 · Amount on File
Deed Sale	Mar 29, 2024 · Amount on File
Prior Sale	Nov 21, 2003 · Amount on File
Deed Document Number	20242710
Deed Book / Page	42046 / 186
Record Updated	Oct 29, 2026

March 2024: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	PEABODY MA
Recording Date	Mar 29, 2024
Property Address	8 SUMMIT TER, PEABODY, MA 01960-4024
Document Number	042046-186
Book / Page	42046 / 186
Instrument Date	Mar 29, 2024
Instrument	20240329002710
Transaction Type	Transfer
Record Updated	Apr 12, 2024

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Tenants by the Entirety
Address	8 SUMMIT TER, PEABODY, MA 01960-4024

Mortgage

Document Number	240329002720
Date	Mar 29, 2024
Instrument	240329002720

Lender

Name	CROSSCOUNTRY MORTGAGE INC
Type	Mortgage Company

Agreement

Type	Stand-Alone First Mortgage
Amount	Amount on Record

Interest

Rate Type	Adjustable Rate
Rate	5.88%
Type Change Date	Apr 1, 2029
Max Rate At Change	2.75%
Index	1-Year CMT

Tax Assessment & Valuation

The 2026 property tax bill for 8 Summit Ter was $6,293, up 9.7% from the year before.

Source: Essex County and Peabody City assessment roll, as of April 14, 2026

Property Jurisdictions

Type	Name
State	Massachusetts
County	Essex County
Municipality	Peabody City
Unified School District	Peabody School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$6,293.00 (+9.69%)	$664,500 (+7.26%) Land $246,700 Building $417,800	$711,099 (-5.19%)
2025	$5,737.00 (+15.71%)	$619,500 (+13.96%) Land $228,400 Building $391,100	$750,025
2024	$4,958.00 (+14.29%)	$543,600 (+19.29%) Land $228,400 Building $315,200
2023	$4,338.00	$455,700 Land $203,900 Building $251,800

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 8 Summit Ter in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective July 10, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	2 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

The area around 8 Summit Ter has no burnable land within ember reach, so its wildfire risk is not rated.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	PEABODY WATER DEPT. serves 54,481 people · EPA ID MA3229000
Water Source	Surface water
Last State Inspection	May 2026
Lead	4 ppb (2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 409 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
Astound Broadband Cable	1,500 / 50
T-Mobile Fixed Wireless	100 / 20

May also be available: Verizon.

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