16 Franklin Street, Salem, MA 01970
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$1,200,000
2 Beds
2 Baths
1455 SQFT
Acres: N/A
$724 HOA

Property Description

Highly sought-after residence at RIVERWALK, Salem's premier waterfront condominium community. This exceptional new construction 2+ bedroom, 2-bath home offers sophisticated single-level living with stunning river and city skyline views. Thoughtfully designed with dual primary suites, home office, soaring ceilings, oversized windows, and a bright open-concept layout. The chef's kitchen features Bosch stainless steel appliances and induction range, custom cabinetry, quartz countertops and backsplash, opening to spacious living and dining areas with European oak flooring. Enjoy water views from your private balcony. Retreat to the luxurious primary suite with walk-in closet, heated bathroom floors, double vanity, seamless glass shower, and smart bidet. Resort-style amenities include heated garage parking, elevator access, Clubroom Lounge, fitness center, and riverside outdoor kitchen and patio. Ideally located just minutes from downtown Salem, dining, shopping, and commuter rail.

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

Bathrooms

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

Bedrooms

  • Bedrooms: 2
  • Master Bedroom Level: Third Floor
  • Bedroom 2 Level: Third Floor

Other Rooms

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

Utilities

  • Heating: Central Heat, Electric, Heat Pump
  • Heat Zones: 3
  • Cooling: Heat Pump
  • Cooling Zones: 3
  • Electric Info: Circuit Breakers
  • Energy Features: Insulated Windows
  • Water: City/Town Water
  • Sewer: City/Town Sewer

Unit Features

  • Square Feet: 1455
  • Unit Building: 2302
  • Unit Level: 3
  • 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: $724
  • 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, Off-Street
  • Parking Spaces: 2

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# 73540184
  • Last Updated: 06/27/26
  • 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
08/17/2026New$1,000,000$664MLSPIN
08/17/2026New$1,050,000$724MLSPIN
08/17/2026Canceled$1,100,000$758MLSPIN
08/17/2026Canceled$1,100,000$744MLSPIN
08/17/2026Canceled$1,100,000$702MLSPIN
08/17/2026Canceled$899,900$591MLSPIN
07/24/2026Sold$1,000,000$633MLSPIN
07/06/2026Under Agreement$1,000,000$633MLSPIN
07/05/2026Active$1,000,000$633MLSPIN
07/02/2026Sold$1,187,500$794MLSPIN
07/01/2026New$1,000,000$633MLSPIN
06/30/2026Sold$1,127,500$736MLSPIN
06/27/2026Active$1,200,000$765MLSPIN
06/27/2026Active$1,200,000$825MLSPIN
06/23/2026New$1,200,000$825MLSPIN
06/23/2026New$1,200,000$765MLSPIN
06/15/2026Sold$1,150,000$734MLSPIN
06/15/2026Sold$1,150,000$731MLSPIN
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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MLS PIN data last updated at 2026-06-27 23:17:00