Offered at $499,000Active

beds: 3
baths: 2
sq ft: 1,359
Built: 1915

16 Cloutman St #3

Salem, MA 01970

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Residential · Active · MLS #73552545
Listing Courtesy of J. Barrett & Company | Kate Richard

The home

About this home

NEW PRICE — NOW $499,000! An exceptional opportunity for a beautifully renovated 3-bedroom, 2-full-bath top-floor residence in Salem. Thoughtfully renovated from the studs out, this spacious 1,359-square-foot condo offers bright, open living with high ceilings, oversized windows, a crisp white kitchen with quartz countertops, stainless appliances, generous cabinetry and a breakfast bar. The primary bedroom includes a private bath, while two additional bedrooms provide flexibility for guests, family or a home office. Enjoy the privacy of top-floor living with no neighbors above, in-unit laundry, two deeded off-street parking spaces, low condo fees and a pet-friendly association. Select furnishings may remain with the property at no additional cost, making this an especially easy move-in opportunity. Convenient to downtown Salem, commuter rail, Salem State, restaurants, shops and the waterfront. 3 bedrooms, 2 baths, 2-car parking and a fully renovated interior — now under $500,000. Join me on Saturday 9/5 11:00-12:30 and Sunday 9/6 10:30-12:00.

Property information

Details at a glance

Interior4 property facts

Rooms: 6
Heating: Baseboard, Natural Gas
Cooling: Window Unit(s)
Flooring: Wood

Building4 property facts

Style: Condominium
Year built: 1915
Parking: 2
Roof: Shingle

Land & utilities4 property facts

Lot size: 0.11 acres
Water: Public
Sewer: Public Sewer
Zoning: R2

Financial3 property facts

Annual taxes: $5,366
Assessment year: 2026
HOA fee: $150 (billing period not supplied)

Plan your purchase

Estimated monthly cost

Explore costs at the $499,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$2,970 / monthAdjust

Down payment (%)Interest rate (%)Loan termMonthly property tax ($)Monthly insurance ($)Monthly HOA ($)

Principal & interest: $2,523
Property tax: $447
Insurance: Not entered
HOA: Not entered

Listing annual taxes: $5,366. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $150. The billing period was not supplied; confirm the monthly amount before adding it.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

Listing history

Price and status timeline

No additional public listing history was supplied for this property.

Compare with confidence

Price & market context

See how this home compares with active listings in Salem.

This home compared with active listings in Salem
Metric	This home	Local listings
List price	$499,000	$575,00013% below local
Price / sq ft	$367	$44017% below local
Days on market	46	3053% above local

Active city listing statistics from MLS PIN as of September 8, 2026. Asking prices are not completed-sale values.

Automated value estimate $556,926

Estimated range $515,486–$598,367.

Automated estimates are not appraisals or guarantees of market value.

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Comparable properties 1 supplied

Sold Jun 14, 2026

$460,000

4A Congress St #3

Photo-based condition insights

Overall presentation: above average

Generated from listing photography; not a substitute for an inspection.

Keep exploring

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Need help making sense of this home?

Common questions

About 16 Cloutman St #3

Can I request a private showing?

Request a tour of 16 Cloutman St #3 and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.

Bean Group · eXp Realty361 Newbury Street, 5th Floor, Boston, MA 02115 · 800-450-7784 · Massachusetts Broker License #8669

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein.