Active Under Contract
75 Days on market
16 Cloutman St #3 Salem — Photo 1 of 32

16 Cloutman St #3 Salem — Photo 1 of 32

Recent Drop: $25,900

$524,900
$499,000

$499,000

16 Cloutman St #3, Salem, MA 01970

Salem, MA 01970 — South Salem

Beds

3

Baths

2

SqFt

1,359

Style

Condominium

Built

1915

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.

Key facts

It was listed on July 21, 2026. The price has come down from an original $545,000 to $499,000 across 3 changes, most recently on September 1, 2026. The annual property taxes are $5,366 (2026 tax year). The condo fee is $150 per month, which includes water.

No longer available to tour

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$367/sqft
Local Avg (Salem)$438/sqft
16% BelowMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Salem, MA.

Property Details

Financials

Original Price$545,000
Annual Taxes$5,366
HOA Fee$150

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms6
FireplacesNone
FlooringWood
BasementN

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningR2

Property & Lot

Acres0.11
SqFt Lot5,001
Lot Features--

Amenities & Appliances

Range • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Walk/Jog Trails • Golf • Medical Facility • Laundromat

Geography

Floorplan Breakdown

Structural Layout

Third
Living RoomDining RoomKitchenPrimary BedroomBedroom 2Bedroom 3Bathroom 1Bathroom 2
Living Room
Lvl Third

Flooring - Hardwood, Window(s) - Bay/Bow/Box, Open Floorplan

Dining Room
Lvl Third

Flooring - Hardwood, Open Floorplan, Lighting - Pendant

Kitchen
Lvl Third

Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Cable Hookup, Dryer Hookup - Electric, Recessed Lighting, Washer Hookup, Peninsula, Lighting - Pendant

Primary Bedroom
Lvl Third

Closet, Flooring - Hardwood

Bedroom 2
Lvl Third
Bedroom 3
Lvl Third

Closet, Flooring - Hardwood

Bathroom 1
Lvl Third

Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Bathroom 2
Lvl Third

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Property History

Price Drop
$499,000

Was $524,900

Sep 1, 2026

MLS® 73552545

Price Drop
$524,900

Was $539,000

Aug 11, 2026

MLS® 73552545

Price Drop
$539,000

Was $545,000

Jul 29, 2026

MLS® 73552545

Listed
$545,000

Jul 21, 2026

MLS® 73552545

Questions about this home

When was 16 Cloutman St #3, Salem listed?

16 Cloutman St #3, Salem was listed on July 21, 2026.

Has the price of 16 Cloutman St #3, Salem changed?

The price has come down from an original $545,000 to $499,000 across 3 changes, most recently on September 1, 2026.

What are the property taxes for 16 Cloutman St #3, Salem?

The annual property taxes for 16 Cloutman St #3, Salem are $5,366 (2026 tax year).

What is the condo fee at 16 Cloutman St #3, Salem?

The condo fee is $150 per month, which includes water.

What is the status of 16 Cloutman St #3, Salem?

16 Cloutman St #3, Salem is under contract, and the MLS still lists it as active.

Population

44,738

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$85K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

50.4%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: Kate Richard

Listing Office: J. Barrett & Company

MLS® Number: 73552545