16 Franklin Street # 1302, Salem MA 01970

Salem, MA 01970
$1,000,000
Est. $5,984/month
Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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2
Beds
2
Baths
1,467
Sq Ft
$682
Price/Sq Ft
2025
Year Built
1
Garage Space
12 hours 55 minutes
Time on Market
For Sale Listed Sep 17, 2026 • MLS# 73578980 Copied! • Updated Sep 17, 2026

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About this home

Experience elevated living at RIVERWALK, ideally located near the heart of downtown Salem and the MBTA commuter rail to Boston. Enjoy the convenience of being close to Salem’s renowned restaurants, boutique shopping, historic sites, waterfront, Salem Harbor, cultural attractions, and transportation—while coming home to sophisticated new construction with sweeping river and city skyline views. For Boston commuters, the nearby commuter rail makes getting into the city convenient, while downtown Salem is close enough to enjoy the best of the North Shore without sacrificing luxury or tranquility.This beautifully designed 2+ bedroom, 2-bath residence offers an exceptional floor plan with dual primary suites, a dedicated home office, soaring ceilings, oversized windows, and high-end finishes throughout. The open-concept living and dining areas are filled with natural light and feature elegant European oak hardwood floors. The designer kitchen is equipped with Bosch stainless steel appliances, custom cabinetry, and quartz countertops, creating a stylish and functional space for everyday living and entertaining.The spacious primary suite provides a private retreat with a walk-in closet and spa-inspired bath featuring radiant heated floors, double vanity, oversized tiled shower, and smart bidet. A second primary suite offers flexibility for guests, family, or additional living space, while the dedicated home office is ideal for today’s work-from-home lifestyle.RIVERWALK residents enjoy an impressive array of amenities including heated indoor garage parking, elevator access, fitness center, Clubroom Lounge, and beautifully landscaped riverside outdoor gathering spaces.With the Salem MBTA commuter rail, downtown Salem, restaurants, shopping, waterfront, Salem Harbor, and historic attractions all nearby, RIVERWALK offers a rare combination of luxury, convenience, and location. Enjoy sophisticated single-level living with Boston just a train ride away and everything Salem has to offer right outside your door.

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Recently Sold Nearby

Property History

Property Timeline

🏠
Listed for Sale
Sep 17, 2026
$1,000,000
Original listing
Agent: Merry Fox Team Office: MerryFox Realty

Tax History

Year Taxes Assessment
2025 $0 $0

Financial Details

Annual Property Tax
$0
Tax Year 2025
HOA Fee
$727
Monthly
Assessed Value
$0

Facts & Features

1 Car Garage

Home Facts

Type Residential
Style Condominium
Year Built 2025
Living Area 1,467 sq ft
Stories 1
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 Third Floor, In Unit
Features Home Office, Elevator

Exterior

Construction Frame
Architecture None
Roof Rubber
Features Balcony
Pool None
Spa None
Fencing None
Patio/Porch None
Garage Spaces 1
Has Garage Yes
Features Attached, Garage Door Opener, Heated Garage, Deeded
Total Spaces 1
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None
Annual Tax 0.00
Assessed Value 0.00

HOA & Community

HOA Fee $727 Monthly
Fee Includes Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Amenities Elevator(s), Fitness Center, Clubroom
Optional Fee Includes None
Pets Yes
Lead Paint None
Seller Disclosures Ready For Immediate Occupancy. Other Layouts Available. Extra Parking Available. Ev Charger Ready. Decks Are Fire Suppression Protected. Some Photos Are Not Of This Actual Unit But Of A Different Unit With The Same Layout In Mirror Image. Furniture Is Virtual Staging.
Possession None
Accepted Financing None
Structure Type ["Garden"]
Unit/Building 1302
Sq Ft Source Unit Floor Plan
Documents Master Deed, Unit Deed, Rules & Regs, Floor Plans, Association Financial Statements (5)
County Essex

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2025
Bedrooms
2
Full Bathrooms
2
Living Area
1,467 sq ft
Total Rooms
6
Stories
1
Entry Level
3

Floor Layout

Interior Features

Flooring: Wood, Tile
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Home Office, Elevator
Windows: Insulated Windows
Basement: N
Laundry: Third 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: Balcony
Patio & Porch:
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

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 $727/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.

Location

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Neighborhood

16 Franklin Street # 1302, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Merry Fox Team
Listing Office MerryFox Realty
Office Phone 978-808-8064
Agent MLS ID TEAM0226
Office MLS ID C95279
Listing Data Updated Sep 17, 2026 12:25 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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