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16 Franklin Street # 1201, Salem MA 01970

Salem, MA 01970
$1,200,000
Est. $7,010/month
3
Beds
2
Baths
1,574
Sq Ft
$762
Price/Sq Ft
2026
Year Built
12 hours 24 minutes
Time on Market
Active Listed May 5, 2026 • MLS# 73512752 Copied!

About this home

Experience refined, single-level living at RIVERWALK—luxury boutique condominiums ideally located just moments from shops & dining in historic downtown Salem and the train to Boston. Residents enjoy premium amenities including indoor heated garage parking, elevator access, Clubroom Lounge, state-of-the-art fitness center, & riverside outdoor kitchen and patio. This spacious new construction three-bedroom, two-bath residence features high ceilings, oversized windows, and a thoughtfully designed open layout with views of the water. The chef’s kitchen is appointed with stainless steel Bosch appliances, custom cabinetry, and quartz countertops with full-height backsplash, seamlessly flowing into the expansive living and dining areas with European oak hardwood flooring throughout. The primary suite offers a spa-inspired bath complete with double vanity, heated floors, seamless glass shower, smart bidet and walk-in closet. A private balcony provides the perfect space to gaze at the water.

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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
2

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 Second Floor, In Unit
Features Elevator

Exterior

Construction Frame
Architecture None
Roof Rubber
Features Deck
Pool None
Spa None
Fencing None
Patio/Porch Deck

Parking

Garage Spaces 1
Has Garage Yes
Features Attached, Garage Door Opener, Heated Garage, Deeded
Total Spaces 1

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax 0.00
Assessed Value 0.00

Interior Features

Flooring: Wood, Tile
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Elevator
Windows: Insulated Windows
Basement: N
Laundry: Second 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

Location

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Neighborhood

16 Franklin Street # 1201, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

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

1 school
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
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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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 $0
Homeowners Insurance $200
HOA Fee $742/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
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
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.

Property History

Property Timeline

🏠
Listed for Sale
May 5, 2026
$1,200,000
Original listing
Agent: Merry Fox Team Office: MerryFox Realty

Price & Status History

Date Event Price Change
May 5, 2026 New Listing Added $1,200,000

Market Statistics

Time on Market
12 hours 24 minutes
Price per Sq Ft
$762

Tax History

Year Taxes Assessment
2025 $0 $0

Financial Details

Annual Property Tax
$0
Tax Year 2025
HOA Fee
$742
Monthly
Assessed Value
$0

Listing Information

Listing Agent Merry Fox Team
Listing Office MerryFox Realty
Agent MLS ID TEAM0226
Office MLS ID C95279
Listing Data Updated May 5, 2026 11:46 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

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Steven Novak

Steven Novak

BMN Boston Real Estate

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