FeaturesFlooring - Wood, Lighting - Overhead
LevelMain
16 Franklin Street # 2302, Salem MA 01970
Salem, MA 01970
$1,199,000
Est. $7,899/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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About this home
This exceptional residence (Unit 2302) just became available, offering the very best direct water views on the market at RIVERWALK. Situated closest to the waterfront, Unit 2302 offers superior views from every room, while a private balcony captures sweeping river and city vistas. The bright open-concept layout, soaring ceilings, and south-facing oversized windows are sure to impress the most discerning buyers. This newer-construction (2025) residence offers two primary suites, two full baths, and a separate home office. The chef’s kitchen features a beautiful center island clad in stone, Bosch stainless steel appliances, including a state-of-the-art induction range, custom cabinetry, stone countertops, and a matching stone backsplash. The primary suite features a walk-in closet and spa-like bath with heated floors, heated towel rack, double vanity, seamless glass shower, and smart bidet. Unit 2302 also comes with two deeded parking spaces, including one heated garage space, plus a private storage room—valuable upgrades purchased separately by the current owner. Elevator service adds convenience, while common amenities include a clubroom lounge and fitness center, both currently under construction, plus a riverside outdoor kitchen and patio area. Leave your car at home—downtown Salem’s restaurants, shops, museums, and commuter rail to Boston are all just minutes away. This is a must-see residence at Salem’s premier waterfront condominium community. Easy to show!
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Oct 3, 2026
$1,199,000
Original listing
Agent: Mark M. Wade
Office: Coldwell Banker Realty - Marblehead
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 10/03/2026 | 🏠 Listed for Sale | $1,199,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $10,947 | $1,015,000 |
Financial Details
Annual Property Tax
$10,947
Tax Year 2026
HOA Fee
$724
Per month
Assessed Value
$1,015,000
Facts & Features
1 Car Garage
Home Facts
Type
Residential
Style
Condominium
Year Built
2025
Living Area
1,455 sq ft
Stories
1
Bedrooms
2
Full Baths
2
Total Rooms
6
Interior
Heating
Heat Pump, Unit Control
Cooling
Heat Pump, Unit Control
Flooring
Wood, Tile
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Fireplace
None
Basement
N
Laundry
Third Floor, In Unit
Features
Lighting - Overhead, Crown Molding, Decorative Molding, Home Office, Foyer, Internet Available - Broadband
Exterior
Construction
Frame, Stone
Architecture
None
Roof
Rubber
Features
Deck, Patio, City View(s), Professional Landscaping, Sprinkler System
Pool
None
Spa
None
Fencing
None
Patio/Porch
Deck, Patio
Parking
Garage Spaces
1
Has Garage
Yes
Features
Attached, Under, Garage Door Opener, Heated Garage, Storage, Deeded, Paved, Exclusive Parking
Total Spaces
2
Utilities
Electric
110 Volts, 220 Volts, Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$10,947
Assessed Value
$1,015,000
HOA & Community
HOA Fee
$724
Fee Includes
Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Amenities
Elevator(s), Recreation Facilities, Fitness Center, Clubroom
Optional Fee Includes
None
Pets
Yes
MA Disclosures
Lead Paint
None
Seller Disclosures
Newer Construction (2025). This Unit Is The 1st Resale Unit In Condo Complex. Office Virtually Staged. Club Room & Gym Images Are Renderings-under Construction. All Images Ai Enhanced. Condo Fee Is Discounted @ $333.60 Per Month Until A Management Co Is Hired. Developer Is Current Property Manager.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
["Garden","Mid-Rise"]
Unit/Building
2302
Sq Ft Source
Unit Floor Plan
Documents
Master Deed, Unit Deed, Floor Plans (3)
County
Essex
Property Overview
Property Type
Condominium
Listing Type
For Sale
Year Built
2025
Bedrooms
2
Full Bathrooms
2
Living Area
1,455 sq ft
Total Rooms
6
Stories
1
Entry Level
3
Main Level Bedrooms
2
Floor Layout
Interactive room guide
Floor Layout
Finished Area
1,455 sq ft above grade
FeaturesFlooring - Wood, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Lighting - Pendant, Decorative Molding
LevelMain,Third
FeaturesCloset, Flooring - Wood, Recessed Lighting, Crown Molding
LevelMain,Third
FeaturesBathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Closet - Linen, Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Double Vanity, Recessed Lighting
LevelMain,Third
FeaturesBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Recessed Lighting
LevelMain,Third
FeaturesFlooring - Wood, Open Floorplan, Lighting - Overhead
LevelMain,Third
FeaturesFlooring - Wood, Deck - Exterior, High Speed Internet Hookup, Open Floorplan, Recessed Lighting, Slider, Lighting - Overhead, Decorative Molding
LevelMain,Third
FeaturesBathroom - Full, Walk-In Closet(s), Flooring - Wood, Recessed Lighting, Crown Molding
LevelMain,Third
FeaturesYes
Display Options
Outdoor Areas
Patio & porchDeck, Patio
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood, Tile
Appliances:
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Interior Features:
Lighting - Overhead, Crown Molding, Decorative Molding, Home Office, Foyer, Internet Available - Broadband
Windows:
Insulated Windows
Basement:
N
Laundry:
Third Floor, In Unit
Security:
Intercom
Construction & Materials
Year Built:
2025
Structure Type:
Garden, Mid-Rise
Exterior Materials:
Frame, Stone
Roof:
Rubber
Foundation:
Stories:
1
Heating, Cooling & Utilities
Heating:
Heat Pump, Unit Control
Heating Zones:
3
Cooling:
Heat Pump, Unit Control
Cooling Zones:
3
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Deck, Patio, City View(s), Professional Landscaping, Sprinkler System
Patio & Porch:
Deck, Patio
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Garage Spaces:
1
Garage Type:
Attached
Total Parking Spaces:
2
Parking Features:
Attached, Under, Garage Door Opener, Heated Garage, Storage, Deeded, Paved, Exclusive Parking
Special Features
Waterfront:
Yes
Waterfront Type:
Waterfront, River, Harbor, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
View:
Yes
View Type:
City
Community Amenities:
Public Transportation, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Marina, University
Nearby Schools
Elementary Schools
3 schools
B-
Carlton School
0.5 mi
|
#470 of 825
|
Score: 45.5
Dropped 49 spots from last year
-12.7 below state avg
249 students
Diverse
Diverse Student Body
Grades K-05
B+
Bates School
0.7 mi
|
#318 of 825
|
Score: 50.0
Improved 261 spots from last year
-8.2 below state avg
415 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
The Phoenix School
0.7 mi
Grades PK-08
Middle Schools
3 schools
B-
Collins Middle School
0.9 mi
|
#203 of 352
|
Score: 40.3
Improved 76 spots from last year
-17.9 below state avg
753 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
C+
J. Henry Higgins Middle School
2.2 mi
|
#235 of 352
|
Score: 37.4
Improved 10 spots from last year
-20.8 below state avg
1,271 students
Diverse
Grades 06-08
B+
Village School
2.2 mi
|
#266 of 825
|
Score: 51.8
Dropped 77 spots from last year
-6.4 below state avg
480 students
Less Diverse
Strong Attendance
Grades 04-06
High Schools
3 schools
B+
Salem Academy Charter School
0.9 mi
|
#141 of 346
|
Score: 57.0
Improved 95 spots from last year
-1.2 below state avg
477 students
Diverse
10 sports
• 568 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
Bishop Fenwick High School
1.3 mi
17 sports
• 1,390 athletes
Strong Athletics
Grades 09-12
B+
Salem High School
1.6 mi
|
#124 of 346
|
Score: 58.3
Dropped 4 spots from last year
+0.1 above state avg
960 students
Diverse
18 sports
• 1,080 athletes
Early College Program
Career Tech Programs
College Ready Curriculum
Strong Athletics
Grades 09-12
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After down payment
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$912
Homeowners Insurance
$200
HOA Fee
$724/mo
PMI (if <20% down)
$0
Loan Summary
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Rate Impact
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
16 Franklin Street # 2302, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Mark M. Wade
Listing Office
Coldwell Banker Realty - Marblehead
Office Phone
781-631-9511
Agent MLS ID
C9501114
Office MLS ID
AN6221
Listing Data Updated
Oct 3, 2026 10:20 AM 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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