16 Franklin Street # 1401, Salem MA 01970

Salem, MA 01970

$1,250,000

Beds

Baths

1,574

Sq Ft

$794

Price/Sq Ft

2026

Year Built

Garage Space

Condominium

Type

Days on Market

Sold Listed May 12, 2026 • MLS# 73516790 Copied! • Updated Jun 2, 2026

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Sale Statistics

Sale Overview

Original List Price: $1,250,000

                            Final Sale Price:
                            $1,250,000
                        

Difference: +$0 (+0.0%)

Performance Metrics

100.0%

List to Sale Ratio

Sold at asking price

Price per Square Foot Analysis

Original $/sq ft: $794

                            Sale $/sq ft:
                            $794
                        

This property sold for $794 per square foot

Sale Summary

This property sold exactly at the asking price.

Nearby Sales Comparison

Based on 29 similar properties sold within 0.5 miles in the last 90 days

This Property

$794/sq ft

Area Median

$443/sq ft

Difference

+79.3%

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

About this home

Discover modern luxury at RIVERWALK, an exclusive collection of boutique condominiums perfectly positioned along the waterfront near the vibrant energy of downtown Salem and convenient rail service to Boston. Thoughtfully designed for easy single-level living, this newly constructed 3-bedroom, 2-bath residence offers an open-concept layout enhanced by high ceilings, expansive windows, and scenic water views. The stylish chef’s kitchen features Bosch stainless steel appliances, quartz countertops and backsplash, and custom cabinetry, flowing effortlessly into sunlit living and dining spaces finished with European oak hardwood floors. The spacious primary suite offers a walk-in closet and spa-inspired bath with heated floors, double vanity, seamless glass shower, and smart bidet. Enjoy morning coffee from your private balcony overlooking the river. Amenities include heated garage parking, elevator, fitness center, Clubroom Lounge, and riverside outdoor kitchen.

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

Total Days on Market

Property Timeline

✓

Sold

Jun 1, 2026

$1,250,000

Property sold

Days on Market: 1

⏳

Pending Sale

May 13, 2026

Offer accepted, sale pending

🏠

Listed for Sale

May 12, 2026

$1,250,000

Original listing

Agent: Merry Fox Team Office: MerryFox Realty

🏠

Listed for Sale

May 12, 2026

$1,250,000

Original listing

Agent: Merry Fox Team Office: MerryFox Realty

Date	Event	Price	Change	$/sqft	Details
06/01/2026	✓ Sold	$1,250,000	-	-	Property sold
05/13/2026	⏳ Pending Sale	-	-	-	Offer accepted, sale pending
05/12/2026	🏠 Listed for Sale	$1,250,000	-	-	Original listing
05/12/2026	🏠 Listed for Sale	$1,250,000	-	-	Original listing

Tax History

Year	Taxes	Assessment
2025	$0	$0

Financial Details

Annual Property Tax

Tax Year 2025

HOA Fee

$742

Monthly

Assessed Value

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 Fourth Floor, In Unit

Features 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

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

MA Disclosures

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.

Additional Details

Possession None

Accepted Financing None

Structure Type ["Garden"]

Unit/Building 1401

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) 1 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

2026

Bedrooms

Full Bathrooms

Living Area

1,574 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

Interior Features

Flooring: Wood, Tile

Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer

Interior Features: Elevator

Windows: Insulated Windows

Basement: N

Laundry: Fourth 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 # 1401, 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 2, 2026 11:33 AM EDT

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

BMN Boston Real Estate

Douglas Elliman

(617) 955-2224 contact@bmnboston.com

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