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    • Listed by: Compass New England, LLC • Sean Bakhtiari
    Bought with: BHHS Verani Realty Methuen
    $1,890,000

    20 Gillis Terrace, Salem, NH 03079

    5beds
    7,123sqft
    Single Family Residence
    Built in 2005
    0.32 Acres Lot
    $1,951,000 Zestimate®
    $265/sqft
    $7,880 Estimated rent

    Home value

    $1,951,000

    $1.81M - $2.11M

    $7,880/mo

    Zestimate® history
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    What's special

    Gas fireplaceDeeded dockPrivate beachSauna showerOutdoor fire pitRadiant floorsHardwood floors
    Experience the pinnacle of lakefront luxury living at 20 Gillis Terrace—an exceptional sun-drenched ~7,123 sqft residence on your own private beach with deeded dock, just 40 minutes from Boston. Tucked in one of the most desirable Salem neighborhoods, this meticulously maintained 5-bedroom home blends grand scale with everyday luxury. The 1st-floor primary suite is a true retreat featuring a fireplace, spa-like bath with sauna shower, jacuzzi tub, double vanities, and European bidet. The chef’s kitchen offers granite counters, designer cabinetry, and high-end appliances including a professional-grade range and wine fridge—all flowing into an open-concept living and dining area with soaring ceilings, natural light, and gas fireplace. Upstairs, find additional bedrooms, full baths, and a cozy overlook. The finished walkout lower level stuns with a custom wet bar, gas fireplace, and half bath, while a renovated in-law apartment adds flexibility. Additional highlights include a new HVAC, professionally landscaped grounds, freshly painted interiors, hardwood floors, radiant floors, generator, surround sound, 3-car garage, outdoor fire pit, custom stone walls, and a newer 2-bedroom septic installed in 2020. A rare opportunity to own a truly expansive and turn-key lakefront home on Arlington Pond (269-acres). Property is being used as a 5 bedroom home with in-law but has a 2 bedroom septic system.

    Zillow last checked:

    Listing updated:

    Listed by:

    Sean Bakhtiari,

    Compass New England, LLC 978-248-8081

    Bought with:

    Mirna A Bechara

    BHHS Verani Realty Methuen

    Source: PrimeMLS,MLS#: 5052552MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    • Full bathrooms: 3
    • 1/2 bathrooms: 2
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: ENERGY STAR Qualified Dishwasher, Dryer, Freezer, Microwave, Double Oven, Gas Range, Refrigerator, Washer, Wine Cooler, Water Heater
    • Laundry: 1st Floor Laundry
    Features
    • Cathedral Ceiling(s), Ceiling Fan(s), Dining Area, Kitchen Island, Primary BR w/ BA, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar
    • Flooring: Carpet, Ceramic Tile, Hardwood, Manufactured
    • Windows: Blinds, Skylight(s)
    • Basement: Finished,Full,Walkout,Interior Access,Exterior Entry,Walk-Out Access
    • Has fireplace: Yes
    • Fireplace features: 3+ Fireplaces
    • Furnished: Yes
    Interior area
    • Total structure area: 7,340
    • Total interior livable area: 7,123 sqft
    • Finished area above ground: 4,751
    • Finished area below ground: 2,372

    Property

    Parking
    • Total spaces: 6
    • Parking features: Paved, Auto Open, Driveway, Garage, Off Street, Parking Spaces 6+, Attached
    • Garage spaces: 3
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: 1st Floor 1/2 Bathroom, 1st Floor Bedroom, 1st Floor Full Bathroom, 1st Floor Hrd Surfce Flr, Bathroom w/Step-in Shower, Bathroom w/Tub, Paved Parking, 1st Floor Laundry
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Patio
    • Exterior features: Deck, Private Dock
    • Has spa: Yes
    • Spa features: Bath
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Waterfront
    • Body of water: Arlington Mill Reservoir
    • Frontage length: Road frontage: 100
    Lot
    • Size: 0.32 Acres
    Details
    • Parcel number: SLEMM28B5724L
    • Zoning description: REC

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Colonial
    • Property subtype: Single Family Residence
    Materials
    • Wood Frame, Vinyl Siding
    • Foundation: Concrete
    • Roof: Asphalt Shingle
    Condition
    • New construction: No
    • Year built: 2005

    Utilities & green energy

    • Electric: 200+ Amp Service, Circuit Breakers
    • Sewer: Private Sewer
    • Utilities for property: Cable

    Community & HOA

    Community
    • Security: HW/Batt Smoke Detector
    Location
    • Region: Salem

    Financial & listing details

    • Price per square foot: $265/sqft
    • Tax assessed value: $1,153,900
    • Annual tax amount: $20,309
    • Date on market: 7/21/2025
    • Road surface type: Paved

    Price history

    DateEventPrice
    9/2/2025Sold$1,890,000-0.5%$265/sqft
    Source: PrimeMLS #5052552 Report a problem
    7/25/2025Contingent$1,899,000$267/sqft
    Source: PrimeMLS #5052552 Report a problem
    7/21/2025Listed for sale$1,899,000+47375%$267/sqft
    Source: PrimeMLS #5052552 Report a problem
    7/1/2025Listing removed$6,500$1/sqft
    Source: Zillow Rentals Report a problem
    6/16/2025Listed for rent$6,500$1/sqft
    Source: Zillow Rentals Report a problem
    10/10/2023Sold$4,000-99.7%$1/sqft
    Source: Public Record Report a problem
    11/2/2021Sold$1,250,000$175/sqft
    Source: PrimeMLS #4868228 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$20,309 +3.8%$1,153,900
    2023$19,570 +5.7%$1,153,900
    2022$18,520 -0.3%$1,153,900 +36.8%
    2020$18,576 +0.2%$843,600 +0%
    2019$18,540 +1.7%$843,500
    2018$18,228 +3.7%$843,500
    2017$17,579 +2%$843,500
    2016$17,233 +16.8%$843,500 +22.3%
    2015$14,757 +2.9%$689,900
    2014$14,343 +1.6%$689,900
    2013$14,115 -0.6%$689,900
    2012$14,198 +6.1%$689,900 -23.5%
    2010$13,387 +14.4%$902,100 +3%
    2007$11,707 $875,600
    Find assessor info on the county website

    Neighborhood: 03079

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: North Salem Elementary
    • High: Salem High School
    • District: Salem School District

    Source: PrimeMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $1,951,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,951,000

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