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
$499,000
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Sale Statistics
Sale Overview
Original List Price:
$545,000
Final Sale Price:
$499,000
Difference:
$46,000 (-8.4%)
Performance Metrics
91.6%
List to Sale Ratio
Sold below asking price
74
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft:
$401
Sale $/sq ft:
$367
This property sold for $367 per square foot
Sale Summary
This property sold for 8.4% below the original asking price.
The property spent 74 days on market before selling.
Nearby Sales Comparison
Based on 4 similar properties sold within 0.5 miles in the last 90 days
This Property
$367/sq ft
Area Median
$477/sq ft
Difference
23.1%
This property sold below the area median, potentially representing good value for the buyer.
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
Price & Status History
Market Insights
3
Price Changes
8.4%
Price Range
76
Total Days on Market
Property Timeline
Sold
Oct 29, 2026
$499,000
Property sold
Days on Market: 76
Status: Active under contract
Sep 21, 2026
Active → Active Under Contract
Pending Sale
Sep 20, 2026
Offer accepted, sale pending
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
$499,000
Original listing
Agent: Kate Richard
Office: J. Barrett & Company
Listed for Sale
Jul 21, 2026
$545,000
Original listing
Agent: Kate Richard
Office: J. Barrett & Company
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 10/29/2026 | ✓ Sold | $499,000 | - | - | Property sold |
| 09/21/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 09/20/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 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 | $499,000 | - | - | Original listing |
| 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
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)
76 days
Property Overview
Property Type
Condominium
Listing Type
Sold
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
KKitchen (1)
BRBedroom (3)
BABathroom (3)
DDining (1)
LLiving (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
Utilities & Systems
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 information not available for this location.
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
Oct 30, 2026 6:52 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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