Condominium at 16 Cloutman St # 3, Salem MA 01970
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32 photos

$499,000

16 Cloutman St # 3, Salem MA 01970
Salem, MA 01970
Listed by Kate Richard
Bedrooms
3
Bathrooms
2
Living area
1,359 sqft
Year built
1915

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 9/12, 10:30-11:30 and Sunday 9/13, 11:30-12:30.

Property details

MLS
MLS Property Information Network
MLS #
73552545
Property type
Condominium
Subdivision
N/A
Status
Active
Days on market
96
On market date
July 21, 2026
Stories
1
Total bathrooms
2
Garage spaces
N/A
Parking spaces
2
Lot size
0.11 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Horace Mann Laboratory
0.45 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
293
Student:teacher ratio
10.9:1
District
Salem
Middle
Collins Middle
0.62 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
633
Student:teacher ratio
11.1:1
District
Salem
High
Salem High
0.54 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
803
Student:teacher ratio
8.2:1
District
Salem

Walkability

Blended score for Salem's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

62
Walkable
out of 100
EPA National Walkability Index
9.7 / 20 -- Below average walkable
Google Places amenity density
83 / 100
Restaurants & cafes11
Grocery stores2
Parks10
Schools6
Transit stops13
Pharmacies1

Market position

How this listing compares to current activity in Salem, from live MLS data.

On the market 96 days -- 9 fewer days than Salem's current average of 105 days.
For reference, the median list price across 400 active listings in Salem right now is $434,450.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$3,155/mo
$99,800 down
$399,200 loan
Principal & interest$2,589
Property tax (est.)$416
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated September 10, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.