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16 Cloutman St # 2, Salem MA 01970

Salem, MA 01970
$500,000
Est. $3,426/month
3
Beds
2
Baths
1,359
Sq Ft
$368
Price/Sq Ft
0.11
Acres
1915
Year Built
109
Days on Market
Closed Listed Apr 10, 2023 • MLS# 73096885 Copied!

About this home

Welcome to this beautiful 3BR, 2BA condo with a spacious 1359sq ft of living space. This unit has been completely renovated and thoughtfully designed with high-end finishes, including granite countertops, tile backsplash, stainless steel appliances, both pendant and recessed lighting and washer/dryer hookups in the unit. Gleaming refinished hardwood floors and loads of natural light welcome you as you enter into the open concept living room/dining room space. Regulate your temperature with the high efficiency smart thermostat and new heating system. If the charm of the interior and freshly painted exterior are not enough for you, then take in some of the areas amenities including shops, restaurants, breweries, cider houses, hospitals, universities and more.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1915
Bedrooms
3
Full Bathrooms
2
Living Area
1,359 sq ft
Total Rooms
5
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $525,000
Final Sale Price: $500,000
Difference: $25,000 (-4.8%)
Performance Metrics
95.2%
List to Sale Ratio
Sold below asking price
109
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $386
Sale $/sq ft: $368
This property sold for $368 per square foot
Sale Summary

This property sold for 4.8% below the original asking price.

At 109 days on market, this property took longer than average to sell.

Nearby Sales Comparison

Based on 2 similar properties sold within 0.5 miles in the last 90 days

This Property
$368/sq ft
Area Average
$343/sq ft
Difference
+7.4%

This property sold slightly above the area average for similar homes.

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1915
Living Area 1,359 sq ft
Lot Size 0.11 acres
Bedrooms 3
Full Baths 2
Total Rooms 5

Interior

Heating Baseboard
Cooling Window Unit(s)
Flooring Tile, Hardwood
Appliances Dishwasher, Microwave, Refrigerator
Fireplace None
Basement N
Laundry Closet - Walk-in, Second Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Features None

Exterior

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

Parking

Features Off Street
Total Spaces 2

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Gas Oven, For Electric Dryer, Washer Hookup

Financial

Annual Tax $6,567
Assessed Value $525,000

Interior Features

Flooring: Tile, Hardwood
Appliances: Dishwasher, Microwave, Refrigerator
Interior Features:
Windows: Insulated Windows
Basement: N
Laundry: Closet - Walk-in, Second Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1915
Effective Year (Renovated): 2022
Structure Type: 2/3 Family
Exterior Materials: Frame
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard
Cooling: Window Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street

Location

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Neighborhood

16 Cloutman St # 2, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School District
Salem School District local
B-
School Safety 2024-25
3.6% Above Average
2.3% Suspensions 0.8% In-School 1.3% Emergency
1.9% below state avg
E

Elementary Schools

9 schools
The Greenhouse School
0.7 mi
Grades PK-08
The Phoenix School
1.1 mi
Grades PK-08
C-
Horace Mann Laboratory School
0.5 mi | #671 of 824 | Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students Diverse
Rising School Diverse Student Body
Grades PK-05
B-
Saltonstall School
0.7 mi | #460 of 824 | Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students Diverse
Rising School
Grades K-05
B
Witchcraft Heights School
1.2 mi | #388 of 824 | Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students Diverse
Rising School Diverse Student Body
Grades K-05
B-
Carlton School
1.8 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
C+
Bentley Academy Innovation School
1.9 mi | #568 of 824 | Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.9 mi
106 students Diverse
Diverse Student Body
Grades PK
B+
Bates School
2.0 mi | #325 of 824 | Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students Diverse
Rising School Diverse Student Body
Grades PK-05
M

Middle Schools

1 school
C+
Collins Middle School
0.6 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

2 schools
B+
Salem Academy Charter School
1.0 mi | #139 of 346 | Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B
Salem High School
0.5 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 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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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 $547
Homeowners Insurance $200
HOA Fee $150/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

Market Insights

16%
Price Range
111
Total Days on Market

Property Timeline

Current Active Listing - MLS #73511871
Full transaction history available when tracking began
🏡
Currently Listed
May 3, 2026
$594,900
MLS #73511871 - Active
Sold
Aug 22, 2023
$500,000
Property sold
Days on Market: 111
🏠
Listed for Sale
Apr 10, 2023
$515,000
Original listing
Agent: Farrar Realty Group Office: Atlantic Coast Homes,Inc

Price & Status History

Date Event Price Change
May 3, 2026 Sold $594,900
Apr 10, 2023 New Listing Added $515,000

Market Statistics

Days on Market
109 days
Price per Sq Ft
$368

Tax History

Year Taxes Assessment
2023 $6,567 $525,000

Financial Details

Annual Property Tax
$6,567
Tax Year 2023
HOA Fee
$150
Monthly
Assessed Value
$525,000

Listing Information

Listing Agent Farrar Realty Group
Listing Office Atlantic Coast Homes,Inc
Agent MLS ID TM333642
Office MLS ID AC1991
Listing Data Updated Aug 27, 2023 8:22 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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