Sold Jul 6, 2026$1,000,000
Active
16 Franklin Street #1503
Salem, MA 01970
$1,000,000
3Bedrooms
2Bathrooms
1,506Square feet
2025Year built
Residential · Active · MLS #73564692
Listing Courtesy of MerryFox Realty | Merry Fox Team
MLS PIN data
About this home
Experience penthouse living at RIVERWALK SALEM, where sophisticated design meets effortless North Shore living. This spacious new three-bedroom, two-bath penthouse offers exceptional privacy, oversized windows, soaring ceilings, a private balcony, and a signature designer aesthetic. The Chef’s kitchen features Bosch stainless steel appliances, custom cabinetry, quartz countertops and backsplash, and opens to expansive living and dining spaces with European hardwood floors throughout. The luxurious primary suite offers a walk-in closet and spa-inspired bath with heated floors, double vanity, smart bidet, and seamless tiled shower. RIVERWALK amenities include indoor heated parking, elevator, state-of-the-art fitness center, Clubroom Lounge, and Riverside Outdoor Kitchen/Patio. Just moments from historic downtown Salem, dining, shopping, culture, and the commuter rail to Boston.
Property information
Details at a glance
Interior
- Rooms
- 6
- Heating
- Central, Heat Pump, Electric
- Cooling
- Heat Pump
- Flooring
- Wood, Tile
Building
- Style
- Condominium
- Year built
- 2025
- Garage
- 1
- Parking
- 1
- Roof
- Rubber
Land & utilities
- Water
- Public
- Sewer
- Public Sewer
- Waterfront
- Y
- Zoning
- NRCC
Financial
- Assessment year
- 2025
- HOA fee
- 742
Listing history
Price and status timeline
No additional public listing history was supplied for this property.
Property value estimate
An informed starting point
Automated estimates are not appraisals or guarantees of market value.
Comparable sales
Recent properties for context
Sold Jul 16, 2026$986,270
3531 Washington #519
Photo insights
Condition signals
Overall presentationexcellent
Generated from listing photography; not a substitute for an inspection.
Local market context
How this home compares in Salem
MetricThis propertySalem
List price$1,000,000$569,90075% above local
Price / sq ft$664$44151% above local
Days on market173145% below local
Active city listing statistics from MLS PIN as of September 7, 2026. Asking prices are not completed-sale values.
Keep exploring
Similar homes nearby
Same city and within 25% of the asking price, matched by property type and bedroom count when available and ranked by size and price.
Bean Group guidance
Useful next steps
Request property information
Select a document or report and Bean Group will help track it down.
Availability varies by property and source. Documents are requested from the appropriate source and may not be immediately available.
Considering this property?
Decide whether it deserves a closer look.
A local Bean Group agent can help you compare nearby inventory, understand the listing details, and identify the questions worth answering before you visit.
Common questions
About 16 Franklin Street #1503
Can I schedule a private showing?
Yes. Request a tour of 16 Franklin Street #1503 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.