Welcome to 555 Rivers Terrace Rd – a cozy waterfront home on a double lot with 133 feet of frontage along the channel to Smallwood Lake. Nestled on nearly half an acre (.49 acres), this 2-bedroom, 1-bath home offers 1,106 sq ft on the main level, plus a full, unfinished basement with an egress window and space for a potential third bedroom or additional living area. The primary bedroom overlooks the water and features a sliding door to the covered deck—perfect for relaxing and taking in the view. The living room is warm and inviting with a wood-burning fireplace, and all appliances are included. The property also features a concrete driveway and is surrounded by great neighbors in a peaceful setting. Smallwood Lake is currently lowered due to dam repairs, but is expected to return to normal water levels in 2026. A great home, full of charm and possibilities—schedule your showing today!
Sold for $220,000 on 09/10/25
$220,000
555 Rivers Terrace Rd, Gladwin, MI 48624
2beds
1,106sqft
Single Family Residence
Built in 2000
0.49 Acres Lot
$184,200 Zestimate®
$199/sqft
$1,221 Estimated rent
Home value
$184,200
$160,000 - $206,000
$1,221/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 11, 2025 at 07:10am
Listed by:
RANDY BIERLEIN 989-329-9766,
REAL ESTATE ONE - GLADWIN
Bought with:
NON MEMBER NON MEMBER
NONMEMBER
Source: MiRealSource,MLS#: 50179021
Originating MLS: Clare Gladwin Board of REALTORS
Originating MLS: Clare Gladwin Board of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Bedroom 1
- Features: Carpet
- Level: Main
- Area: 168
- Dimensions: 14 x 12
Bedroom 2
- Features: Carpet
- Level: Main
- Area: 88
- Dimensions: 11 x 8
Bathroom 1
- Features: Vinyl
- Level: Main
- Area: 72
- Dimensions: 12 x 6
Dining room
- Features: Vinyl
- Level: Main
- Area: 121
- Dimensions: 11 x 11
Kitchen
- Features: Vinyl
- Level: Main
- Area: 88
- Dimensions: 11 x 8
Living room
- Features: Carpet
- Level: Main
- Area: 266
- Dimensions: 19 x 14
Heating
- Forced Air, Propane
Appliances
- Included: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer, Water Softener Owned, Water Heater
Features
- Flooring: Carpet, Vinyl
- Basement: Concrete,Sump Pump,Unfinished
- Number of fireplaces: 1
- Fireplace features: Living Room, Wood Burning
Interior area
- Total structure area: 2,212
- Total interior livable area: 1,106 sqft
- Finished area above ground: 1,106
- Finished area below ground: 0
Property
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch
- Has view: Yes
- View description: River
- Has water view: Yes
- Water view: River
- Waterfront features: All Sports Lake, Canal Front, River Front, Waterfront
- Body of water: Smallwood Lake
- Frontage length: 133
Lot
- Size: 0.49 Acres
- Dimensions: 133.6 x 164.96 x 132 x 170
- Features: Platted, Bluff
Details
- Additional structures: Shed(s)
- Parcel number: 11027600012310
- Zoning description: Residential
- Special conditions: Private
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary,Ranch
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Basement, Concrete Perimeter
Condition
- New construction: No
- Year built: 2000
Utilities & green energy
- Sewer: Septic Tank
- Water: Private Well
Community & neighborhood
Location
- Region: Gladwin
- Subdivision: Rivers Sub
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/11/2025 | Pending sale | $239,900+9%$217/sqft |
Source:  MiRealSource #50179021 Report a problem | ||
| 9/10/2025 | Sold | $220,000-8.3%$199/sqft |
Source: MiRealSource #50179021 Report a problem | ||
| 7/29/2025 | Price change | $239,900-4%$217/sqft |
Source: MiRealSource #50179021 Report a problem | ||
| 6/19/2025 | Listed for sale | $249,900+1822.3%$226/sqft |
Source: MiRealSource #50179021 Report a problem | ||
| 3/21/1998 | Sold | $13,000$12/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,251 +19.3% | $91,900 +8.9% |
| 2024 | $1,887 | $84,400 +18.4% |
| 2023 | -- | $71,300 +5.8% |
Find assessor info on the county website
Neighborhood: 48624
Nearby schools
GreatSchools rating
- NAGladwin Elementary SchoolGrades: PK-2Distance: 6.6 mi
- 7/10Gladwin Junior High SchoolGrades: 6-8Distance: 6.6 mi
- 6/10Gladwin High SchoolGrades: 9-12Distance: 6.7 mi
Schools provided by the listing agent
- District: Gladwin Community Schools
Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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