FeaturesBathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
LevelThird
16 Cloutman St # 3, Salem MA 01970
Salem, MA 01970 • South Salem
$545,000
$539,000
Est. $3,523/month
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About this home
NEW PRICE! Exceptional value in Salem! This bright and spacious beautifully renovated back to the studs, 3-bedroom condominium blends the character of a 1915 home with the conveniences buyers want today. High ceilings, oversized windows and abundant natural light create an airy, inviting feel throughout. The open living and dining areas offer flexible space for everyday living and entertaining, complemented by an updated kitchen and three well-proportioned bedrooms—ideal for guests, a home office or additional living space. In-unit laundry, off-street parking and a pet-friendly association add to the ease of ownership. Conveniently located near Salem Hospital, Salem State University, public transportation, downtown restaurants, shops, parks and the waterfront. Now offered at $539,000—an outstanding opportunity for a three-bedroom home in Salem. Open This weekend Saturday 1-2:30, Sunday 11-12:30.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
1.1%
Price Range
Property Timeline
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 |
|---|---|---|---|---|---|
| 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
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
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)
12 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
FeaturesFlooring - Hardwood, Open Floorplan, Lighting - Pendant
LevelThird
FeaturesFlooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Cable Hookup, Dryer Hookup - Electric, Recessed Lighting, Washer Hookup, Peninsula, Lighting - Pendant
LevelThird
FeaturesBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
LevelThird
FeaturesCloset, Flooring - Hardwood
LevelThird
FeaturesFlooring - Hardwood, Window(s) - Bay/Bow/Box, Open Floorplan
LevelThird
FeaturesCloset, Flooring - Hardwood
LevelThird
FeaturesYes
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
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
|
#671 of 824
|
Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
The Greenhouse School
0.7 mi
Grades PK-08
B-
Saltonstall School
0.7 mi
|
#460 of 824
|
Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students
Diverse
Rising School
Grades K-05
Middle Schools
3 schools
C+
Collins Middle School
0.6 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
B+
Village School
1.7 mi
|
#253 of 824
|
Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students
Moderate
Grades 04-06
A-
Marblehead Veterans Middle School
2.0 mi
|
#83 of 352
|
Score: 51.5
Dropped 30 spots from last year
-6.7 below state avg
411 students
Less Diverse
Grades 07-08
High Schools
3 schools
B
Salem High School
0.5 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
B+
Salem Academy Charter School
1.0 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
A-
Marblehead High School
1.9 mi
|
#80 of 346
|
Score: 62.1
Dropped 37 spots from last year
+3.9 above state avg
861 students
Less Diverse
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 Breakdown
Principal & Interest
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Property Tax
$447
Homeowners Insurance
$200
HOA Fee
$150/mo
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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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
Aug 2, 2026 3:10 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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