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Offered at $1,050,000Pending
beds
2
baths
2
sq ft
1,450
Built
2025

16 Franklin Street #1502

Salem, MA 01970

About this home

Experience luxury living at RIVERWALK in this newly constructed 2+ bedroom, 2-bath residence showcasing sweeping city skyline views. The thoughtfully designed floor plan features dual primary suites, a dedicated home office, soaring ceilings, oversized windows, and exceptional finishes. The designer kitchen offers Bosch stainless steel appliances, custom cabinetry, quartz surfaces, and an open flow to spacious living and dining areas with European Oak hardwood floors. The primary suite features a walk-in closet and spa-inspired bath with heated floors, double vanity, smart bidet, and oversized tiled shower. Residents enjoy heated garage parking, fitness center, Clubroom Lounge, and riverside outdoor gathering spaces. Ideally located near Salem’s dining, shopping, culture, and transportation, RIVERWALK offers sophisticated North Shore living at its finest.

Listing last checked: Listing updated:

Listed by Merry Fox Team · MerryFox Realty · MLS #73564691

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Details at a glance

Interior5 property facts
Rooms
6
Heating
Central, Heat Pump, Electric
Cooling
Heat Pump
Flooring
Wood, Tile
Basement
No
Building5 property facts
Style
Condominium
Year built
2025
Garage
1
Parking
1
Roof
Rubber
Land & utilities5 property facts
Water
Public
Sewer
Public Sewer
Waterfront
Y
Pool
Not reported
Zoning
NRCC
Financial2 property facts
Assessment year
2025
HOA fee
$720 (billing period not supplied)

Location

Estimated monthly cost

Explore costs at the $1,050,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$5,309 / monthAdjust
Principal & interest
$5,309
Property tax
Not entered
Insurance
Not entered
HOA
Not entered

Annual property taxes were not supplied. Listing HOA fee: $720. The billing period was not supplied; confirm the monthly amount before adding it.

Partial estimate: add property tax, 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.

More property insights

Automated value estimate $1,047,985

Estimated range $989,121–$1,106,848.

Automated estimates are not appraisals or guarantees of market value.

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Photo-based condition insights

Overall presentation: excellent

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About 16 Franklin Street #1502

Can I request a private showing?

Request a tour of 16 Franklin Street #1502 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.