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16 Franklin Street # 1501, Salem MA 01970

Salem, MA 01970
$1,200,000
3
Beds
2
Baths
1,574
Sq Ft
$762
Price/Sq Ft
2026
Year Built
1
Garage Space
0
Days on Market
Closed Listed May 13, 2026 • MLS# 73517640 Copied! • Updated Jun 1, 2026

Sale Statistics

Sale Overview
Original List Price: $1,250,000
Final Sale Price: $1,200,000
Difference: $50,000 (-4.0%)
Performance Metrics
96.0%
List to Sale Ratio
Sold below asking price
Price per Square Foot Analysis
Original $/sq ft: $794
Sale $/sq ft: $762
This property sold for $762 per square foot
Sale Summary

This property sold for 4.0% below the original asking price.

Nearby Sales Comparison

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

This Property
$762/sq ft
Area Average
$250/sq ft
Difference
+205.0%

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

About this home

Waterfront elegance meets modern convenience at RIVERWALK, a boutique condominium community offering sophisticated single-level living just moments from the restaurants, boutiques, and historic charm of downtown Salem, with train to Boston. This exceptional new construction 3-bedroom, 2-bath home features a bright open design with soaring ceilings, oversized windows, and beautiful river views throughout. The gourmet kitchen is crafted with Bosch stainless steel appliances, quartz countertops and backsplash, custom cabinetry, and expansive living and dining areas accented by European oak hardwood flooring. The luxurious primary suite includes a walk-in closet and spa-quality bath with heated floors, double vanity, glass-enclosed shower, and smart bidet. Step onto the private balcony to enjoy peaceful water views and coastal breezes. Residents enjoy premium amenities including heated garage parking, elevator access, fitness center, Clubroom Lounge,& riverside outdoor entertaining spaces.

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Recently Sold Nearby

Property History

Market Insights

Property Timeline

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

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 First 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 1501
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
1,574 sq ft
Total Rooms
6
Stories
1
Entry Level
5

Room Details

First 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: First 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
E

Elementary Schools

3 schools
B-
Carlton School
0.5 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
B+
Bates School
0.7 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
The Phoenix School
0.7 mi
Grades PK-08
M

Middle Schools

3 schools
C+
Collins Middle School
0.9 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
C+
J. Henry Higgins Middle School
2.2 mi | #240 of 352 | Score: 37.2
Improved 5 spots from last year
-21 below state avg
1,320 students Diverse
Grades 06-08
B+
Village School
2.2 mi | #253 of 824 | Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students Moderate
Grades 04-06
H

High Schools

3 schools
B+
Salem Academy Charter School
0.9 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
Bishop Fenwick High School
1.3 mi
17 sports • 1,390 athletes
Strong Athletics
Grades 09-12
B
Salem High School
1.6 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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Location

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Neighborhood

16 Franklin Street # 1501, 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 12:03 PM 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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