16 Franklin Street, Salem, MA 01970
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$1,100,000
3 Beds
2 Baths
1479 SQFT
Acres: N/A
$742 HOA

Property Description

Elevated waterfront living meets effortless convenience in this newly constructed 3-bedroom, 2-bath condominium on the North Shore. Thoughtfully designed with soaring ceilings, expansive windows, and premium finishes throughout, this residence offers a bright, open layout ideal for both everyday living and entertaining. The designer kitchen features Bosch stainless steel appliances, custom cabinetry, quartz countertops and backsplash, and flows seamlessly into the spacious living and dining areas accented by European oak flooring. Retreat to the tranquil primary suite with water views, walk-in closet, heated bath floors, double vanity, smart bidet, and oversized tiled shower. Enjoy a private balcony plus exceptional amenities including heated garage parking, elevator access, fitness center, Clubroom Lounge, and outdoor kitchen with riverside patio. Moments from downtown Salem’s acclaimed dining, shopping, waterfront attractions, and direct rail service to Boston.

Property Details tap to expand

Amenities

  • Amenities: Golf Course, Highway Access, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station, Tennis Court
  • Association Fee Includes: Clubroom, Elevator, Exercise Room, Exterior Maintenance, Landscaping, Master Insurance, Refuse Removal, Reserve Funds, Sewer, Snow Removal, Water

Kitchen, Dining, and Appliances

  • Kitchen Level: Second Floor
  • Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Dining Room Level: Second Floor

Bathrooms

  • Full Baths: 2
  • Master Bath: 1
  • Bathroom 1 Level: Second Floor
  • Bathroom 1 Features: Bathroom - Full
  • Bathroom 2 Level: Second Floor
  • Bathroom 2 Features: Bathroom - Full

Bedrooms

  • Bedrooms: 3
  • Master Bedroom Level: Second Floor
  • Bedroom 2 Level: Second Floor
  • Bedroom 3 Level: Second Floor

Other Rooms

  • Total Rooms: 6
  • Living Room Level: Second Floor

Utilities

  • Heating: Central Heat, Electric, Heat Pump
  • Heat Zones: 4
  • Cooling: Heat Pump
  • Cooling Zones: 4
  • Electric Info: Circuit Breakers
  • Energy Features: Insulated Windows
  • Water: City/Town Water
  • Sewer: City/Town Sewer

Unit Features

  • Square Feet: 1479
  • Unit Building: 2203
  • Unit Level: 2
  • Interior Features: Elevator, Intercom
  • Security: Intercom, TV Monitor
  • Floors: 1
  • Pets Allowed: Yes
  • Laundry Features: In Unit
  • Accessability Features: Yes

Condo Complex Information

  • Condo Type: Condo
  • Complex Complete: No
  • Number of Units: 37
  • Elevator: Yes
  • Condo Association: U
  • HOA Fee: $742
  • Fee Interval: Monthly
  • Management: Professional - Off Site

Construction

  • Year Built: 2025
  • Style: Garden
  • Construction Type: Frame
  • Roof Material: Rubber
  • UFFI: No
  • Flooring Type: Tile, Wood
  • Lead Paint: None
  • Warranty: No

Garage & Parking

  • Garage Parking: Attached, Deeded, Garage Door Opener, Heated
  • Garage Spaces: 1
  • Parking Features: Deeded
  • Parking Spaces: 1

Exterior & Grounds

  • Exterior Features: Deck
  • Pool: No
  • Waterfront Features: Ocean, Sound
  • Distance to Beach: 0 to 1/10 Mile
  • Beach Ownership: Public
  • Beach Description: Ocean, Sound

Other Information

  • MLS ID# 73529255
  • Last Updated: 06/07/26
  • Documents on File: Association Financial Statements, Floor Plans, Master Deed, Rules & Regs, Unit Deed

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/07/2026Active$1,100,000$758MLSPIN
06/07/2026Active$1,100,000$744MLSPIN
06/03/2026New$1,100,000$758MLSPIN
06/03/2026New$1,100,000$744MLSPIN
06/02/2026Sold$1,250,000$794MLSPIN
06/01/2026Sold$1,200,000$762MLSPIN
06/01/2026Sold$1,250,000$786MLSPIN
05/18/2026Under Agreement$1,150,000$751MLSPIN
05/18/2026Active$899,900$591MLSPIN
05/15/2026Active$1,150,000$751MLSPIN
05/15/2026Active$1,100,000$702MLSPIN
05/14/2026Under Agreement$1,250,000$794MLSPIN
05/14/2026Under Agreement$1,250,000$786MLSPIN
05/14/2026Back on Market$899,900$591MLSPIN
05/13/2026New$1,250,000$794MLSPIN
05/13/2026New$1,250,000$786MLSPIN
05/13/2026Under Agreement$1,250,000$794MLSPIN
05/12/2026New$1,250,000$794MLSPIN
05/11/2026New$1,100,000$702MLSPIN
05/11/2026New$1,150,000$751MLSPIN
05/11/2026Under Agreement$1,200,000$762MLSPIN
05/09/2026Active$1,200,000$762MLSPIN
05/05/2026New$1,200,000$762MLSPIN
05/05/2026Canceled$975,000$617MLSPIN
05/05/2026Under Agreement$1,100,000$702MLSPIN
04/25/2026Under Agreement$1,225,000$819MLSPIN
04/05/2026Active$975,000$617MLSPIN
04/03/2026Active$1,100,000$702MLSPIN
04/01/2026New$975,000$617MLSPIN
03/30/2026New$1,100,000$702MLSPIN
03/27/2026Sold$1,100,000$766MLSPIN
03/04/2026Under Agreement$1,100,000$766MLSPIN
03/02/2026Active$1,100,000$766MLSPIN
02/26/2026New$1,100,000$766MLSPIN
01/17/2026Active$1,225,000$819MLSPIN
01/17/2026Active$899,900$591MLSPIN
01/13/2026New$1,225,000$819MLSPIN
01/13/2026New$899,900$591MLSPIN

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Seller's Representative: Merry Fox Team, MerryFox Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2026-06-07 04:05:00

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