LevelSecond
16 Franklin Street # 2401, Salem MA 01970
Salem, MA 01970
$1,100,000
Est. $6,545/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.
Adjust the payment calculatorTrack this home for price, status, and open-house alerts.
About this home
Experience single-level waterfront living at RIVERWALK, where sophisticated design, effortless convenience, and breathtaking views come together. Ideally located just minutes from the commuter rail to Boston and Salem’s celebrated restaurants, shops, waterfront, and historic downtown, this beautifully appointed three-bedroom, two-bath residence offers refined single-level living in a serene setting. An open, light-filled floor plan is enhanced by soaring ceilings, oversized windows, European oak hardwood floors, and sweeping river and city skyline views. The stunning chef’s kitchen features Bosch appliances, custom cabinetry, quartz countertops, and a seamless connection to the spacious living and dining areas. The private primary suite is a luxurious retreat with a walk-in closet and spa-inspired bath featuring radiant heated floors, dual vanity, glass-enclosed shower, and smart bidet. RIVERWALK residents enjoy exceptional amenities including heated indoor garage parking, elevator, Clubroom Lounge, state-of-the-art fitness center, and beautifully landscaped riverside outdoor kitchen and patio. A rare opportunity to enjoy turnkey luxury, spectacular views, and the best of Salem—all in one exceptional address.
View in the App
Save this property, schedule tours instantly, and get alerts when the price drops
Scan with phone
Public Records & Permits
Log in to view assessor & tax records, ownership history, and recent building permits for this property.
BMN Estimate
Get the number an algorithm can't give you
A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.
Recently Sold Nearby
Property History
Market Insights
Property Timeline
Status: Active under contract
Sep 3, 2026
Active → Active Under Contract
Pending Sale
Sep 3, 2026
Offer accepted, sale pending
Listed for Sale
Aug 31, 2026
$1,100,000
Original listing
Agent: Merry Fox Team
Office: MerryFox Realty
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/03/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 09/03/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 08/31/2026 | 🏠 Listed for Sale | $1,100,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $0 | $0 |
Financial Details
Annual Property Tax
$0
Tax Year 2025
HOA Fee
$783
Monthly
Assessed Value
$0
Facts & Features
1 Car Garage
Home Facts
Type
Residential
Style
Condominium
Year Built
2025
Living Area
1,567 sq ft
Stories
1
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
HOA & Community
HOA Fee
$783 Monthly
Fee Includes
Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Amenities
Elevator(s), Fitness Center, Clubroom
Optional Fee Includes
None
Pets
Yes
MA Disclosures
Lead Paint
None
Seller Disclosures
Ready For Immediate Occupancy. Other Layouts Available. Extra Parking Available. Ev Charger Ready. Decks Are Fire Suppression Protected. Some Pictures Are Renderings And Virtually Staged.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
["Garden"]
Unit/Building
2401
Sq Ft Source
Unit Floor Plan
Documents
Master Deed, Unit Deed, Rules & Regs, Floor Plans, Association Financial Statements (5)
County
Essex
Total market time (incl. prior listings)
115 days
Property Overview
Property Type
Condominium
Listing Type
Sale Pending
Year Built
2025
Bedrooms
3
Full Bathrooms
2
Living Area
1,567 sq ft
Total Rooms
6
Stories
1
Entry Level
4
Floor Layout
Interactive room guide
Floor Layout
Finished Area
1,567 sq ft above grade
LevelSecond
LevelSecond
FeaturesBathroom - Full
LevelSecond
FeaturesBathroom - Full
LevelSecond
LevelSecond
LevelSecond
LevelSecond
FeaturesYes
Display Options
Outdoor Areas
Patio & porchDeck
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, 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:
2025
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
Nearby Schools
Elementary Schools
3 schools
B-
Carlton School
0.5 mi
|
#470 of 825
|
Score: 45.5
Dropped 49 spots from last year
-12.7 below state avg
249 students
Diverse
Diverse Student Body
Grades K-05
B+
Bates School
0.7 mi
|
#319 of 825
|
Score: 50.0
Improved 260 spots from last year
-8.2 below state avg
415 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
The Phoenix School
0.7 mi
Grades PK-08
Middle Schools
3 schools
B-
Collins Middle School
0.9 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
C+
J. Henry Higgins Middle School
2.2 mi
|
#235 of 352
|
Score: 37.4
Improved 10 spots from last year
-20.8 below state avg
1,271 students
Diverse
Grades 06-08
B+
Village School
2.2 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
High Schools
3 schools
B+
Salem Academy Charter School
0.9 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
Bishop Fenwick High School
1.3 mi
17 sports
• 1,390 athletes
Strong Athletics
Grades 09-12
B+
Salem High School
1.6 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
Learn about these ratings
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
$783/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
Loading map...
Neighborhood
16 Franklin Street # 2401, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Merry Fox Team
Listing Office
MerryFox Realty
Office Phone
978-808-8064
Agent MLS ID
TEAM0226
Office MLS ID
C95279
Listing Data Updated
Sep 17, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
Contact Us
Ask about this property — free, no obligation.
Similar Homes for Sale
Comparable Properties
Customize Comparable Search
Finding comparable properties...
Loading market insights for Salem.