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Real Estate
No photos available for this listing

$1,100,000

16 Franklin # 1502, Salem MA 01970
Salem, MA 01970
Listed by Merry Fox Team
Bedrooms
2
Bathrooms
2
Living area
1,451 sqft
Year built
2025

About this home

Experience penthouse living at its finest in this newly constructed 2+ bedroom, 2-bath residence at RIVERWALK. Perched to capture sweeping city skyline views, this sophisticated home offers a seamless blend of luxury, comfort, and convenience. The thoughtfully designed floor plan features dual primary suites, a dedicated home office, soaring ceilings, oversized windows, and exceptional finishes throughout. At the heart of the home, the designer kitchen showcases Bosch stainless steel appliances, custom cabinetry, quartz surfaces, and an open flow to the expansive living and dining spaces accented by European Oak hardwood flooring. The serene primary retreat includes a walk-in closet, heated bath floors, double vanity, smart bidet, and oversized tiled shower. Residents enjoy heated garage parking, a fitness center, Clubroom Lounge, and riverside outdoor gathering spaces. Moments from dining, shopping, culture, and transportation, this is North Shore living reimagined.

Highlights

Waterfront

Property details

MLS #
73529265
Property type
Condominium
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
N/A
Stories
1
Garage spaces
1
Lot size
N/A

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Carlton
0.53 mi away · Grades 0-5
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
236
Student:teacher ratio
10.7:1
District
Salem
Middle
Collins Middle
0.9 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 Prep High School
0.36 mi away · Grades 8-12
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
17
Student:teacher ratio
4.3:1
District
Salem

Mortgage calculator

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Est. monthly payment
$6,774/mo
$220,000 down
$880,000 loan
Principal & interest$5,708
Property tax (est.)$917
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated June 7, 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.