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16 Franklin Street # 1301, Salem MA 01970

Salem, MA 01970
$1,250,000
3
Beds
2
Baths
1,590
Sq Ft
$786
Price/Sq Ft
2026
Year Built
1
Garage Space
0
Days on Market
Closed Listed May 13, 2026 • MLS# 73517638 Copied! • Updated Jun 1, 2026

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: $786
Sale $/sq ft: $786
This property sold for $786 per square foot
Sale Summary

This property sold exactly at the asking price.

Nearby Sales Comparison

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

This Property
$786/sq ft
Area Average
$286/sq ft
Difference
+174.4%

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

About this home

Enjoy elevated waterfront living at RIVERWALK, a luxury boutique condominium community offering sophisticated single-level residences just minutes from downtown Salem’s celebrated restaurants, shops, museums, and commuter rail to Boston. Designed for effortless living, residents enjoy heated indoor garage parking, elevator access, fitness center, Clubroom Lounge, and a beautifully designed riverside patio with outdoor kitchen. This newly built 3-bedroom, 2-bath home features an airy open floor plan with soaring ceilings, oversized windows, and tranquil water views. The designer kitchen showcases Bosch stainless appliances, quartz countertops and backsplash, and custom cabinetry, opening seamlessly to expansive living and dining spaces with European oak flooring throughout. The serene primary suite includes a spa-like bath with heated floors, double vanity, glass shower, smart bidet, and walk-in closet. Relax and unwind on your private balcony overlooking the water.

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Recently Sold Nearby

Property History

Market Insights

1
Total Days on Market

Property Timeline

Sold
Jun 1, 2026
$1,250,000
Property sold
Days on Market: 1
Pending Sale
May 14, 2026
Offer accepted, sale pending
🏠
Listed for Sale
May 13, 2026
$1,250,000
Original listing
Agent: Merry Fox Team Office: MerryFox Realty
🏠
Listed for Sale
May 13, 2026
$1,250,000
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
$783
Monthly
Assessed Value
$0

Facts & Features

1 Car Garage
New Construction

Home Facts

Type Residential
Style Condominium
Year Built 2026
Living Area 1,590 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 Third 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 $783 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 1301
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
For Sale
Year Built
2026
Bedrooms
3
Full Bathrooms
2
Living Area
1,590 sq ft
Total Rooms
6
Stories
1
Entry Level
3

Room Details

Third 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: Third 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 # 1301, 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 1, 2026 11:59 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

Real-time market trends and pricing data for this area

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