Where I used to live next door had the occasional summer party that went on until 5 am ish, they would let us know in advance. We were friendly with the couple in question, in particular, he, was such a top guy and great neighbour in every other way, we let it go. The parties were infrequent and I wouldn't wanted to have damaged our relationship with either of them because of that, but actually if people around want to do a summer party and there's a bit of noise involved as long as it's not threatening I don't care that much. I suppose I might have felt a bit different if I had say very young children.