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16 Franklin Street # 1201, Salem MA 01970

Salem, MA 01970
$1,150,000
3
Beds
2
Baths
1,574
Sq Ft
$731
Price/Sq Ft
2026
Year Built
1
Garage Space
5
Days on Market
Closed Listed May 5, 2026 • MLS# 73512752 Copied! • Updated Jun 15, 2026

Sale Statistics

Sale Overview
Original List Price: $1,200,000
Final Sale Price: $1,150,000
Difference: $50,000 (-4.2%)
Performance Metrics
95.8%
List to Sale Ratio
Sold below asking price
5
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $762
Sale $/sq ft: $731
This property sold for $731 per square foot
Sale Summary

This property sold for 4.2% below the original asking price.

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

Nearby Sales Comparison

Based on 14 similar properties sold within 0.5 miles in the last 90 days

This Property
$731/sq ft
Area Average
$286/sq ft
Difference
+155.2%

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

About this home

Experience refined, single-level living at RIVERWALK—luxury boutique condominiums ideally located just moments from shops & dining in historic downtown Salem and the train to Boston. Residents enjoy premium amenities including indoor heated garage parking, elevator access, Clubroom Lounge, state-of-the-art fitness center, & riverside outdoor kitchen and patio. This spacious new construction three-bedroom, two-bath residence features high ceilings, oversized windows, and a thoughtfully designed open layout with views of the water. The chef’s kitchen is appointed with stainless steel Bosch appliances, custom cabinetry, and quartz countertops with full-height backsplash, seamlessly flowing into the expansive living and dining areas with European oak hardwood flooring throughout. The primary suite offers a spa-inspired bath complete with double vanity, heated floors, seamless glass shower, smart bidet and walk-in closet. A private balcony provides the perfect space to gaze at the water.

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Recently Sold Nearby

Property History

Market Insights

4.2%
Price Range
6
Total Days on Market

Property Timeline

Sold
Jun 12, 2026
$1,150,000
Property sold
Days on Market: 6
Pending Sale
May 11, 2026
Offer accepted, sale pending
🏠
Listed for Sale
May 5, 2026
$1,200,000
Original listing
Agent: Merry Fox Team Office: MerryFox Realty
🏠
Listed for Sale
May 5, 2026
$1,200,000
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
$742
Monthly
Assessed Value
$0

Facts & Features

1 Car Garage
New Construction

Home Facts

Type Residential
Style Condominium
Year Built 2026
Living Area 1,574 sq ft
Bedrooms 3
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 Elevator

Exterior

Construction Frame
Architecture None
Roof Rubber
Features Deck
Pool None
Spa None
Fencing None
Patio/Porch Deck
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 $742 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
Seller Disclosures Taxes Tbd. Condo Fees Are Estimates. Extra Parking Available. Ev Charger Ready. Decks Are Fire Suppression Protected. Photos Are Not Of This Actual Unit But Of A Different Unit With The Same Layout In Mirror Image.
Possession None
Accepted Financing None
Structure Type ["Garden"]
Unit/Building 1201
Sq Ft Source Unit Floor Plan
Documents Master Deed, Unit Deed, Rules & Regs, Floor Plans, Association Financial Statements (5)
County Essex
Total market time (incl. prior listings) 6 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2026
Bedrooms
3
Full Bathrooms
2
Living Area
1,574 sq ft
Total Rooms
6
Stories
1
Entry Level
2

Room Details

Second Floor

Bathroom1
Bathroom - Full
Bedroom3
Dining Room
Kitchen
Bathroom2
Bathroom - Full
Bedroom2
Living Room
Master Bedroom

Other Floor

Bedroom5
Bedroom4
Bathroom3
Office
Family Room
Master Bathroom
Yes

Interior Features

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

Construction & Materials

Year Built: 2026
Structure Type: Garden
Exterior Materials: Frame
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central, Heat Pump, Electric
Heating Zones: 4
Cooling: Heat Pump
Cooling Zones: 4
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

Nearby Schools

School information not available for this location.

Location

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Neighborhood

16 Franklin Street # 1201, 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 Jun 15, 2026 10:34 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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Market Analytics for Salem, MA

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