FeaturesFlooring - Wood, Lighting - Overhead
LevelMain
16 Franklin Street # 2302, Salem MA 01970
Salem, MA 01970
$1,199,000
Est. $7,899/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
25
Oct
Sunday, October 25
11:30 AM - 1:00 PM EDT
About this home
Available Again! A rare second chance to own one of RIVERWALK’s most coveted units (2302), originally among the first to sell in 2025 for its premier waterfront location and exceptional water views. This exceptional residence (Unit 2302) boasts the very best direct water views available at RIVERWALK. Situated closest to the waterfront, you'll enjoy superior vistas from every room, while a private balcony provides sweeping river and city views. The bright open-concept layout, soaring ceilings, wide-plank hardwood flooring and oversized south-facing windows are sure to impress the most discerning buyers. This newer-construction (2025) residence offers two primary suites, two full baths, and a separate home office. The chef’s kitchen features a beautiful center island clad in stone, Bosch stainless steel appliances, including a state-of-the-art induction range, custom cabinetry, stone countertops, and a matching stone backsplash. The primary suite features a walk-in closet and spa-like bath with heated floors, heated towel rack, double vanity, seamless glass shower, and smart bidet. Unit 2302 also comes with two deeded parking spaces, including one heated garage space, plus a private storage room—valuable upgrades purchased separately by the current owner. Elevator service adds convenience, while common amenities include a clubroom lounge and fitness center, both currently under construction, plus a riverside outdoor kitchen and patio area. Leave your car at home—downtown Salem’s restaurants, shops, museums, and commuter rail to Boston are all just minutes away. This is the first resale opportunity in the waterfront condominium community—and it's a great one! This must-see residence is available now and easy to show.
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Recently Sold Nearby
Price & Status History
Property Timeline
Listed for Sale
Oct 3, 2026
$1,199,000
Original listing
Agent: Mark M. Wade
Office: Coldwell Banker Realty - Marblehead
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 10/03/2026 | 🏠 Listed for Sale | $1,199,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $10,947 | $1,015,000 |
Financial Details
Annual Property Tax
$10,947
Tax Year 2026
HOA Fee
$724
Per month
Assessed Value
$1,015,000
Facts & Features
1 Car Garage
Home Facts
Type
Residential
Style
Condominium
Year Built
2025
Living Area
1,455 sq ft
Stories
1
Bedrooms
2
Full Baths
2
Total Rooms
6
Interior
Heating
Heat Pump, Unit Control
Cooling
Heat Pump, Unit Control
Flooring
Wood, Tile
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Fireplace
None
Basement
N
Laundry
Third Floor, In Unit
Features
Lighting - Overhead, Crown Molding, Decorative Molding, Home Office, Foyer, Internet Available - Broadband
Exterior
Construction
Frame, Stone
Architecture
None
Roof
Rubber
Features
Deck, Patio, City View(s), Professional Landscaping, Sprinkler System
Pool
None
Spa
None
Fencing
None
Patio/Porch
Deck, Patio
Parking
Garage Spaces
1
Has Garage
Yes
Features
Attached, Under, Garage Door Opener, Heated Garage, Storage, Deeded, Paved, Exclusive Parking
Total Spaces
2
Utilities
Electric
110 Volts, 220 Volts, Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$10,947
Assessed Value
$1,015,000
HOA & Community
HOA Fee
$724
Fee Includes
Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Amenities
Elevator(s), Recreation Facilities, Fitness Center, Clubroom
Optional Fee Includes
None
Pets
Yes
MA Disclosures
Lead Paint
None
Seller Disclosures
Newer Construction (2025). This Unit Is The 1st Resale Unit In Condo Complex. Office Virtually Staged. Club Room & Gym Images Are Renderings-under Construction. All Images Ai Enhanced. Condo Fee Is Discounted @ $333.60 Per Month Until A Management Co Is Hired. Developer Is Current Property Manager.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
["Garden","Mid-Rise"]
Unit/Building
2302
Sq Ft Source
Unit Floor Plan
Documents
Master Deed, Unit Deed, Floor Plans (3)
County
Essex
Total market time (incl. prior listings)
17 days
Property Overview
Property Type
Condominium
Listing Type
For Sale
Year Built
2025
Bedrooms
2
Full Bathrooms
2
Living Area
1,455 sq ft
Total Rooms
6
Stories
1
Entry Level
3
Main Level Bedrooms
2
Floor Layout
Interactive room guide
Floor Layout
Finished Area
1,455 sq ft above grade
FeaturesFlooring - Wood, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Lighting - Pendant, Decorative Molding
LevelMain,Third
FeaturesCloset, Flooring - Wood, Recessed Lighting, Crown Molding
LevelMain,Third
FeaturesBathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Closet - Linen, Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Double Vanity, Recessed Lighting
LevelMain,Third
FeaturesBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Recessed Lighting
LevelMain,Third
FeaturesFlooring - Wood, Open Floorplan, Lighting - Overhead
LevelMain,Third
FeaturesFlooring - Wood, Deck - Exterior, High Speed Internet Hookup, Open Floorplan, Recessed Lighting, Slider, Lighting - Overhead, Decorative Molding
LevelMain,Third
FeaturesBathroom - Full, Walk-In Closet(s), Flooring - Wood, Recessed Lighting, Crown Molding
LevelMain,Third
FeaturesYes
Display Options
Outdoor Areas
Patio & porchDeck, Patio
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (2)
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, Tile
Appliances:
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Interior Features:
Lighting - Overhead, Crown Molding, Decorative Molding, Home Office, Foyer, Internet Available - Broadband
Windows:
Insulated Windows
Basement:
N
Laundry:
Third Floor, In Unit
Security:
Intercom
Construction & Materials
Year Built:
2025
Structure Type:
Garden, Mid-Rise
Exterior Materials:
Frame, Stone
Roof:
Rubber
Foundation:
Stories:
1
Utilities & Systems
Heating:
Heat Pump, Unit Control
Heating Zones:
3
Cooling:
Heat Pump, Unit Control
Cooling Zones:
3
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Deck, Patio, City View(s), Professional Landscaping, Sprinkler System
Patio & Porch:
Deck, Patio
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Garage Spaces:
1
Garage Type:
Attached
Total Parking Spaces:
2
Parking Features:
Attached, Under, Garage Door Opener, Heated Garage, Storage, Deeded, Paved, Exclusive Parking
Special Features
Waterfront:
Yes
Waterfront Type:
Waterfront, River, Harbor, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
View:
Yes
View Type:
City
Community Amenities:
Public Transportation, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Marina, University
Nearby Schools
School information not available for this location.
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
$912
Homeowners Insurance
$200
HOA Fee
$724/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
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
16 Franklin Street # 2302, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Mark M. Wade
Listing Office
Coldwell Banker Realty - Marblehead
Office Phone
781-631-9511
Agent MLS ID
C9501114
Office MLS ID
AN6221
Listing Data Updated
Oct 20, 2026 12:42 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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