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16 Franklin # 1502, Salem MA 01970

Salem, MA 01970
$1,100,000
Est. $6,478/month
2
Beds
2
Baths
1,451
Sq Ft
$758
Price/Sq Ft
2025
Year Built
5 hours 25 minutes
Time on Market
Active Open House Listed Jun 3, 2026 • MLS# 73529265 Copied!

About this home

Experience penthouse living at its finest in this newly constructed 2+ bedroom, 2-bath residence at RIVERWALK. Perched to capture sweeping city skyline views, this sophisticated home offers a seamless blend of luxury, comfort, and convenience. The thoughtfully designed floor plan features dual primary suites, a dedicated home office, soaring ceilings, oversized windows, and exceptional finishes throughout. At the heart of the home, the designer kitchen showcases Bosch stainless steel appliances, custom cabinetry, quartz surfaces, and an open flow to the expansive living and dining spaces accented by European Oak hardwood flooring. The serene primary retreat includes a walk-in closet, heated bath floors, double vanity, smart bidet, and oversized tiled shower. Residents enjoy heated garage parking, a fitness center, Clubroom Lounge, and riverside outdoor gathering spaces. Moments from dining, shopping, culture, and transportation, this is North Shore living reimagined.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2025
Bedrooms
2
Full Bathrooms
2
Living Area
1,451 sq ft
Total Rooms
6
Stories
1
Entry Level
5

Open House Schedule

06
Jun
Saturday, June 6
2:00 PM - 3:30 PM EDT

Facts & Features

1 Car Garage

Home Facts

Type Residential
Style Condominium
Year Built 2025
Living Area 1,451 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 6

Interior

Heating Central, Heat Pump, Electric
Cooling Heat Pump
Flooring Wood, Tile
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement N
Laundry First Floor, In Unit
Features Home Office, Elevator

Exterior

Construction Frame
Architecture None
Roof Rubber
Features Deck
Pool None
Spa None
Fencing None
Patio/Porch Deck

Parking

Garage Spaces 1
Has Garage Yes
Features Attached, Garage Door Opener, Heated Garage, Deeded
Total Spaces 1

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax 0.00
Assessed Value 0.00

Interior Features

Flooring: Wood, Tile
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Home Office, Elevator
Windows: Insulated Windows
Basement: N
Laundry: First Floor, In Unit
Security: Intercom, TV Monitor

Construction & Materials

Year Built: 2025
Structure Type: Garden
Exterior Materials: Frame
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central, Heat Pump, Electric
Heating Zones: 3
Cooling: Heat Pump
Cooling Zones: 3
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Deck
Patio & Porch: Deck
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 1
Parking Features: Attached, Garage Door Opener, Heated Garage, Deeded

Special Features

Waterfront: Yes
Waterfront Type: Waterfront, Ocean, Sound, Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Community Amenities: Public Transportation, Shopping, Tennis Court(s), Park, Golf, Medical Facility, Highway Access, Public School, T-Station

Location

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Neighborhood

16 Franklin # 1502, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $0
Homeowners Insurance $200
HOA Fee $716/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
Jun 3, 2026
$1,100,000
Original listing
Agent: Merry Fox Team Office: MerryFox Realty

Price & Status History

Date Event Price Change
Jun 3, 2026 New Listing Added $1,100,000

Market Statistics

Time on Market
5 hours 25 minutes
Price per Sq Ft
$758

Tax History

Year Taxes Assessment
2025 $0 $0

Financial Details

Annual Property Tax
$0
Tax Year 2025
HOA Fee
$716
Monthly
Assessed Value
$0

Listing Information

Listing Agent Merry Fox Team
Listing Office MerryFox Realty
Agent MLS ID TEAM0226
Office MLS ID C95279
Listing Data Updated Jun 3, 2026 1:04 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Salem, MA

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