1501/16 Franklin Street

Off Market

1501/16 Franklin Street

Salem MA 01970

1574 sq. ft.

Condo

Last sold for $1,200,000

Merry Fox Team, last sold this property on 29 May 2026 after 15 days on market.

Overview

Waterfront elegance meets modern convenience at RIVERWALK, a boutique condominium community offering sophisticated single-level living just moments from the restaurants, boutiques, and historic charm of downtown Salem, with train to Boston. This exceptional new construction 3-bedroom, 2-bath home features a bright open design with soaring ceilings, oversized windows, and beautiful river views throughout. The gourmet kitchen is crafted with Bosch stainless steel appliances, quartz countertops and backsplash, custom cabinetry, and expansive living and dining areas accented by European oak hardwood flooring. The luxurious primary suite includes a walk-in closet and spa-quality bath with heated floors, double vanity, glass-enclosed shower, and smart bidet. Step onto the private balcony to enjoy peaceful water views and coastal breezes. Residents enjoy premium amenities including heated garage parking, elevator access, fitness center, Clubroom Lounge,& riverside outdoor entertaining spaces.

Features

3 bedrooms

2 bathrooms

1 carspace

1 garage space

1574 sq. ft. floor area

Condo

Estimated Value

Based on this property and similar 3 bedroom condos sold in Salem over the last 12 months, the estimated median property value of 1501/16 Franklin Street is $615k.

Median value

$615k

Estimated value range

$280k - $1.25m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Salem. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1501/16 Franklin Street

2026

Sold

$1,200,000

29 May 2026 by Merry Fox Team, of MerryFox Realty

Happy sellers in Salem

We have insufficient information to provide an overview of customer satisfaction for Salem. Viewing the agent profiles, reviews and sales for Salem can provide insights for this location.

Local market activity for 3 bedroom condos in Salem

In the last 12 months, 58 three-bedroom condos similar to 1501/16 Franklin Street, have been sold.

This represents a 34% decrease in three-bedroom condos sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Salem for a market analysis.

Kathy & Terry Sullivan

at REMAX Beacon | Beverly

(89 reviews)

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Sean K Connelly

at William Raveis Real Estate - Marblehead

(52 reviews)

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Rita Lu

at Keller Williams Realty Boston-Metro | Back Bay

4.9

(19 reviews)

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Carol St. Pierre

at Tache Real Estate, Inc.

(3 reviews)

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Salem

Kathy & Terry Sullivan

Sellers who recommend Kathy & Terry Sullivan have praised them for being local expert, supportive, responsive, detail-oriented, clear communication, dedicated, and reliable

5 (89 reviews)
2 Reviews in Salem
2 Sales in Salem

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Sean K Connelly

Sellers who recommend Sean K Connelly have praised them for being local expert, clear communication, responsive, reliable, supportive, friendly, and trustworthy