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16 Franklin Street # 2202, Salem MA 01970

Salem, MA 01970
$1,100,000
Est. $6,477/month
2
Beds
2
Baths
1,436
Sq Ft
$766
Price/Sq Ft
2025
Year Built
5
Days on Market
Closed Listed Feb 26, 2026 • MLS# 73480469 Copied!

About this home

This NEW CONSTRUCTlON luxury condominium at RIVERWALK offers the best in modern single-level living on the North Shore. Beautifully appointed 2+ bedroom, two-bath residence designed to take advantage of beautiful water and city skyline views. Features double primary suites, home office, oversized windows, high ceilings, top-of-the-line finishes, plentiful amenities, and a signature designer aesthetic. The Chef's kitchen boasts stainless Bosch appliances and custom cabinetry, with quartz countertops and backsplash opening into the spacious living and dining room with European hardwood floors throughout. Relax in the primary suite with walk-in closet, smart bidet, seamless tiled shower, double vanity and heated flooring. Lifestyle amenities include indoor heated parking, Clubroom Lounge, state-of-the-art fitness center, and Outdoor Kitchen/Patio. An oasis close to all the action, RIVERWALK is where adventure begins.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2025
Bedrooms
2
Full Bathrooms
2
Living Area
1,436 sq ft
Total Rooms
6
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $1,100,000
Final Sale Price: $1,100,000
Difference: +$0 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold at asking price
5
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $766
Sale $/sq ft: $766
This property sold for $766 per square foot
Sale Summary

This property sold exactly at the asking price.

With only 5 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 13 similar properties sold within 0.5 miles in the last 90 days

This Property
$766/sq ft
Area Average
$366/sq ft
Difference
+109.5%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

1 Car Garage

Home Facts

Type Residential
Style Condominium
Year Built 2025
Living Area 1,436 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 Second 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: Second 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 Street # 2202, 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 $715/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

Property Timeline

Pending Sale
Mar 4, 2026
Offer accepted, sale pending
🏠
Listed for Sale
Feb 26, 2026
$1,100,000
Original listing
Agent: Merry Fox Team Office: MerryFox Realty

Price & Status History

Date Event Price Change
Feb 26, 2026 New Listing Added $1,100,000

Market Statistics

Days on Market
5 days
Price per Sq Ft
$766

Tax History

Year Taxes Assessment
2025 $0 $0

Financial Details

Annual Property Tax
$0
Tax Year 2025
HOA Fee
$715
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 Mar 27, 2026 3:04 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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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