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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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16 Franklin St Unit 2501 , Salem, MA 01970
$1,200,000
Est. Payment: $2,666.67/mo
3 Bed
2 Bath
1569 Sqft
Status: Active | Days on site: 86
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House Description

Perched atop RIVERWALK, this exceptional penthouse residence offers luxury single-level living with sweeping river and city skyline views. Ideally located minutes from commuter rail service to Boston and the acclaimed dining, shopping, and cultural attractions of historic downtown Salem, it combines urban convenience with waterfront tranquility. The thoughtfully designed three-bedroom, two-bath layout features soaring ceilings, oversized windows, and an open-concept living space finished with wide-plank European oak flooring. The chef-inspired kitchen showcases Bosch appliances, custom cabinetry, and elegant quartz surfaces. The private primary suite includes a walk-in closet and a spa-like bath with radiant heated floors, dual vanities, glass shower, and smart bidet. Amenities include heated indoor garage parking, elevator access, Clubroom Lounge, fitness center, and a beautifully landscaped riverside patio.

Highlights

Listed by Merry Fox Team , 978-808-8064 MerryFox Realty , 978-808-8064.

Property Type

Condo/Townhome

HOA Fee

779 Monthly

Year Built

2025

County

Essex

Listing ID

73540185

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Intercom
Air Cond:Heat Pump
Fireplaces:
Floor:Wood,Tile
Other:
  • Additional:Elevator, Pets Allowed, Master on Main
Water:Public

Exterior Features

Lot:Waterfront,Ocean,Sound,0 to 1/10 Mile To Beach,Beach Ownership(Public)
Garage Capacity:1
Zoning:NRCC
Roof:Rubber
Others:
  • Additional:Deck
Sewer:Public Sewer
Parking Features:Attached,Garage Door Opener,Heated Garage,Deeded,Parking Spaces: 1
Principal Interest
$2,667
Taxes
$765
HOA
$779

Home Price

$1,200,000

Loan Details

30 yrs
%

Down Payment

20%
$240,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,666.67

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $2,666.67 $765.00 $779.00 $4,210.67
Yearly $32,000.00 $9,180.00 $9,348.00 $50,528.00
Total $960,000.00 $275,400.00 $280,440.00 $1,515,840.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Salem, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.