FeaturesFlooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Cable Hookup, Dryer Hookup - Electric, Recessed Lighting, Washer Hookup, Peninsula, Lighting - Pendant
LevelThird
16 Cloutman St # 3, Salem MA 01970
Salem, MA 01970 • South Salem
$545,000
$499,000
Est. $3,320/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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Open House Schedule
20
Sep
Sunday, September 20
1:00 PM - 2:30 PM EDT
20
Sep
Sunday, September 20
1:45 PM - 3:00 PM EDT
About this home
NEW PRICE — NOW $499,000! An exceptional opportunity for a beautifully renovated 3-bedroom, 2-full-bath top-floor residence in Salem. Thoughtfully renovated from the studs out, this spacious 1,359-square-foot condo offers bright, open living with high ceilings, oversized windows, a crisp white kitchen with quartz countertops, stainless appliances, generous cabinetry and a breakfast bar. The primary bedroom includes a private bath, while two additional bedrooms provide flexibility for guests, family or a home office. Enjoy the privacy of top-floor living with no neighbors above, in-unit laundry, two deeded off-street parking spaces, low condo fees and a pet-friendly association. Select furnishings may remain with the property at no additional cost, making this an especially easy move-in opportunity. Convenient to downtown Salem, commuter rail, Salem State, restaurants, shops and the waterfront. 3 bedrooms, 2 baths, 2-car parking and a fully renovated interior — now under $500,000.
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Recently Sold Nearby
Property History
Market Insights
3
Price Changes
8.4%
Price Range
Property Timeline
Price Reduced
Sep 1, 2026
$499,000
$25,900
(-4.93%)
From $524,900 to $499,000 (-4.9%)
Price Reduced
Aug 11, 2026
$524,900
$14,100
(-2.62%)
From $539,000 to $524,900 (-2.6%)
Price Reduced
Jul 29, 2026
$539,000
$6,000
(-1.1%)
From $545,000 to $539,000 (-1.1%)
Listed for Sale
Jul 21, 2026
$545,000
Original listing
Agent: Kate Richard
Office: J. Barrett & Company
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/01/2026 | ↓ Price Reduced | $499,000 | $25,900 | - | From $524,900 to $499,000 (-4.9%) |
| 08/11/2026 | ↓ Price Reduced | $524,900 | $14,100 | - | From $539,000 to $524,900 (-2.6%) |
| 07/29/2026 | ↓ Price Reduced | $539,000 | $6,000 | - | From $545,000 to $539,000 (-1.1%) |
| 07/21/2026 | 🏠 Listed for Sale | $545,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $5,366 | $497,800 |
Financial Details
Annual Property Tax
$5,366
Tax Year 2026
HOA Fee
$150
Monthly
Assessed Value
$497,800
Facts & Features
Home Facts
Type
Residential
Style
Condominium
Year Built
1915
Living Area
1,359 sq ft
Lot Size
0.11 acres
Stories
1
Bedrooms
3
Full Baths
2
Total Rooms
6
Interior
Heating
Baseboard, Natural Gas
Cooling
Window Unit(s)
Flooring
Wood
Appliances
Range, Microwave, Refrigerator, Washer, Dryer
Fireplace
None
Basement
N
Laundry
Closet - Walk-in, Third Floor, In Unit
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Rain Gutters
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Has Garage
Yes
Features
Deeded, Assigned, Off Street
Total Spaces
2
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Electric Range, For Electric Oven
Financial
Annual Tax
$5,366
Assessed Value
$497,800
HOA & Community
HOA Fee
$150 Monthly
Fee Includes
Water, Sewer, Insurance, Snow Removal
Amenities
None
Optional Fee Includes
None
Owner-Occupied Units
2
Down Payment Resource
Eligible
Pets
Yes
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
Contract
Structure Type
["Garden","2/3 Family"]
Unit/Building
3
Sq Ft Source
Public Record
Documents
Master Deed, Unit Deed, Rules & Regs (3)
County
Essex
Total market time (incl. prior listings)
59 days
Property Overview
Property Type
Condominium
Listing Type
For Sale
Year Built
1915
Bedrooms
3
Full Bathrooms
2
Living Area
1,359 sq ft
Total Rooms
6
Stories
1
Entry Level
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
1,359 sq ft above grade
FeaturesCloset, Flooring - Hardwood
LevelThird
FeaturesCloset, Flooring - Hardwood
LevelThird
FeaturesBathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
LevelThird
FeaturesBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
LevelThird
FeaturesFlooring - Hardwood, Open Floorplan, Lighting - Pendant
LevelThird
FeaturesFlooring - Hardwood, Window(s) - Bay/Bow/Box, Open Floorplan
LevelThird
FeaturesCloset, Flooring - Hardwood
LevelThird
FeaturesYes
Display Options
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood
Appliances:
Range, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Insulated Windows
Basement:
N
Laundry:
Closet - Walk-in, Third Floor, In Unit
Security:
Construction & Materials
Year Built:
1915
Effective Year (Renovated):
2022
Structure Type:
Garden, 2/3 Family
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stories:
1
Heating, Cooling & Utilities
Heating:
Baseboard, Natural Gas
Heating Zones:
1
Cooling:
Window Unit(s)
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Thermostat
Exterior & Lot
Exterior Features:
Rain Gutters
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
2
Parking Features:
Deeded, Assigned, Off Street
Nearby Schools
School District
Salem School District local
B-
School Safety
2024-25
3.6%
Above Average
2.3%
Suspensions
0.8%
In-School
1.3%
Emergency
1.9% below state avg
Elementary Schools
3 schools
C
Horace Mann Laboratory School
0.5 mi
|
#654 of 825
|
Score: 38.1
Improved 67 spots from last year
-20.1 below state avg
320 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
The Greenhouse School
0.7 mi
Grades PK-08
C+
Saltonstall School
0.7 mi
|
#525 of 825
|
Score: 43.9
Improved 43 spots from last year
-14.3 below state avg
267 students
Diverse
Rising School
Diverse Student Body
Strong Attendance
Grades K-05
Middle Schools
3 schools
B-
Collins Middle School
0.6 mi
|
#203 of 352
|
Score: 40.3
Improved 76 spots from last year
-17.9 below state avg
753 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
B+
Village School
1.7 mi
|
#265 of 825
|
Score: 51.8
Dropped 76 spots from last year
-6.4 below state avg
480 students
Less Diverse
Strong Attendance
Grades 04-06
A-
Marblehead Veterans Middle School
2.0 mi
|
#88 of 352
|
Score: 50.8
Dropped 35 spots from last year
-7.4 below state avg
347 students
Moderate
Grades 07-08
High Schools
3 schools
B+
Salem High School
0.5 mi
|
#124 of 346
|
Score: 58.3
Dropped 4 spots from last year
+0.1 above state avg
960 students
Diverse
18 sports
• 1,080 athletes
Early College Program
Career Tech Programs
College Ready Curriculum
Strong Athletics
Grades 09-12
B+
Salem Academy Charter School
1.0 mi
|
#141 of 346
|
Score: 57.0
Improved 95 spots from last year
-1.2 below state avg
477 students
Diverse
10 sports
• 568 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
A-
Marblehead High School
1.9 mi
|
#82 of 346
|
Score: 62.5
Dropped 39 spots from last year
+4.3 above state avg
807 students
Moderate
20 sports
• 2,426 athletes
Strong AP Program
High Graduation Rate
Career Tech Programs
College Ready Curriculum
Grades 09-12
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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
$447
Homeowners Insurance
$200
HOA Fee
$150/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
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Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
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.
Location
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Neighborhood
South Salem
16 Cloutman St # 3, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Kate Richard
Listing Office
J. Barrett & Company
Office Phone
978-526-8555
Agent MLS ID
C9501258
Office MLS ID
C95245
Listing Data Updated
Sep 18, 2026 9:13 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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