Sold
Last Sold Price
2 beds1,106 sqft

555 Rivers Terrace Road, Gladwin, MI 48624

Single FamilyProperty Type
0.49 acresLot Size
2000Year Built
$199/sq ftPrice per sq ft

Description

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....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!
  • Listed by: RANDY BIERLEIN 989.329.9766 re1randy@gmail.com • REAL ESTATE ONE - GLADWIN
Listing closed: 09/11/2025 09:51 AM • Source: MiRealSource, MLS#: 50179021
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Recent comparable sales

Median sold price

$145,000

Avg days on market

44

Sale-to-list ratio

94.3%

Gladwin, MI

9 comparable properties found

$200,000 | 591 East Sun Oil Road, Gladwin, MI 48624
1/58
1

$200,000

Sold 09/04/25

2
Bedrooms
1,176
Square Feet
0.27
Acres
$135,000 | 182 Highway 61, Gladwin, MI 48624
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2
Bedrooms
1,064
Square Feet
1
Acres
$255,000 | 274 Lockwood Drive, Gladwin, MI 48624
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3

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Sold 03/06/26

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Bedrooms
1,750
Square Feet
0.42
Acres
$140,000 | 115 South Elm Street, Gladwin, MI 48624
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2
Bedrooms
900
Square Feet
3.7
Acres
$173,900 | 948 Rivers Terrace Road, Gladwin, MI 48624
1/41
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Sold 09/29/26

3
Bedrooms
942
Square Feet
0.34
Acres
$125,000 | 103 Lakeview Drive, Gladwin, MI 48624
1/60
6

$125,000

Sold 08/03/26

2
Bedrooms
900
Square Feet
0.22
Acres
$220,000 | 511 Rivers Terrace Drive, Gladwin, MI 48624
1/27
7

$220,000

Sold 05/09/25

3
Bedrooms
900
Square Feet
0.95
Acres
$125,000 | 271 Hemlock Street, Gladwin, MI 48624
1/33
8

$125,000

Sold 07/15/26

2
Bedrooms
1,136
Square Feet
0.33
Acres
$145,000 | 946 Rivers Terrace Road, Gladwin, MI 48624
1/40
9

$145,000

Sold 10/31/24

3
Bedrooms
1,000
Square Feet
0.58
Acres

Location

Listing Courtesy of REAL ESTATE ONE - GLADWIN
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Payment Calculator

$1,362 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,174

Property Taxes

$188

HOA Dues

$0

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Property Information for 555 Rivers Terrace Road

Property Details

  • Taxes: $2,251 / year
  • MLS Type: Residential / Single Family Residence
  • Architectural Style: Contemporary, Ranch
  • Subdivision Name: Rivers Sub
  • Has View: Yes
  • View: River
  • Waterfront Features: Canal Front, River Front, Lake, Waterfront
  • Has Waterfront: Yes
  • Zoning Description: Residential

Building Information

  • Stories: 1
  • Year Built: 2000
  • Lot Size: 0.49 AC / 21,344 SF

Summary

Location and General Information
  • Cross Street: Rivers Rd
  • Directions: From Gladwin East on M-16 to M-30, North to Old M-30, South to Rivers Rd, East to Rivers Terrace Rd, South to property on West side.
  • Latitude: 43.993551
  • Longitude: -84.355705
  • MLS Area Major: Hay Twp (26011)
  • Water Body Name: Smallwood Lake
Taxes and HOA
  • Association: No
  • Parcel Number: 110-276-000-123-10
  • Tax Annual Amount: $2,251.00
  • Tax Year: 2025
Parking
  • Garage: No

Property

Lot Information
  • Direction Faces: West
  • Frontage Length: 133.0
  • Frontage Type: Waterfront
  • Lot Features: Bluff
  • Lot Size Acres: 0.49
  • Road Frontage Type: City Street
  • Road Responsibility: Public Maintained Road
Property and Assessments
  • Above Grade Finished Area: 1106.0
  • Building Area Total: 2212.0
  • Living Area: 1106.0
  • New Construction: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 2000
Building Features
  • Other Structures: Shed(s)
  • Construction Materials: Vinyl Siding
  • Total Stories: 1
Utilities
  • Sewer: Septic Tank
  • Water Source: Well, Private

Interior and Exterior Features

Exterior Features
  • Patio And Porch Features: Porch
  • Private Pool: No
Interior Features
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer, Water Softener Owned, Range, Oven, Gas Water Heater
  • Basement: Sump Pump, Unfinished
  • Has Basement: Yes
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Heating: Forced Air, Propane
  • Has Heating: Yes
  • Has Fireplace: Yes
  • Total Fireplaces: 1
  • Fireplace Features: Living Room, Wood Burning
  • Water Heater: Propane

Room Information

Room 1
  • Type: Bedroom 2
  • Level: Main
  • Description: Carpet
  • Dimensions: 11x8
  • Length: 11.0
  • Width: 8.0
Room 2
  • Type: Bathroom 1
  • Description: Vinyl
Room 3
  • Type: Living Room
  • Level: Main
  • Description: Carpet
  • Dimensions: 19x14
  • Length: 19.0
  • Width: 14.0
Room 4
  • Type: Bedroom 1
  • Level: Main
  • Description: Carpet
  • Dimensions: 14x12
  • Length: 14.0
  • Width: 12.0
Room 5
  • Type: Kitchen
  • Level: Main
  • Dimensions: 11x8
  • Length: 11.0
  • Width: 8.0
Room 6
  • Type: Dining Room
  • Level: Main
  • Description: Vinyl
  • Dimensions: 11x11
  • Length: 11.0
  • Width: 11.0

Property History for 555 Rivers Terrace Road

DateEvent & SourcePriceAppreciation
Sep 11, 2025

Sold

MiRealSource #50179021

—
Sep 11, 2025

Contract Signed

MiRealSource #50179021

—
Sep 10, 2025

Sold

MiRealSource #50179021

$220,000—
DateEvent & SourcePrice
09/11/2025

Sold

MiRealSource #50179021

—
09/11/2025

Contract Signed

MiRealSource #50179021

—
09/10/2025

Sold

MiRealSource #50179021

$220,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

555 Rivers Terrace Road

Beds

0

Lot Size

10,454 SqFt

Style

Single Family Residence

County

GLADWIN

APN

110-276-000-123-10

Schools near 555 Rivers Terrace Road

This home is within Gladwin Community Schools.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Gladwin Elementary School
PublicPK to 2

Gladwin Intermediate School
Public3 to 5

Gladwin Junior High School
Public6 to 8

Gladwin High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 555 Rivers Terrace Road, Gladwin, MI 48624
$220,000
2
1,106
21,344
$220,000
3
1,245
23,086
$125,000
3
1,300
20,908
–
–
–
–
10,454
$299,000
5
2,940
20,473
–
–
–
–
15,682

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of REAL ESTATE ONE - GLADWIN

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.