#50175652, KYLE KIGAR, Listing office: COLDWELL BANKER KIGAR
$249,900 List price
555 Rivers Terrace Rd Gladwin, MI 48624
2 beds
1 full
1,106 sqft
0.5 acres
$226 / sqft
House
Property details
About 555 Rivers Terrace Rd
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!
Highlights
Home typeSingle Family Residence
HeatingPropane, Forced Air
StatusActive
Size1,106 sqft
BasementYes
Lot size0.49 Acres
Year built2000
MLS #50179021
WaterfrontLake, Canal Front, River Front, Waterfront
FireplaceLivRoom Fireplace, Wood Burning
ViewRiver, Water
Summary
- Full Bathrooms: 1
- Appliances: Dishwasher, Dryer, Microwave, Range, Oven, Refrigerator, Washer, Water Softener
- Basement: Yes
- Fireplace: LivRoom Fireplace, Wood Burning
- Total Bedroom Count: 2
- Private Pool: No
- Waterfront: Lake, Canal Front, River Front, Waterfront
- View: River, Water
- Exterior: Porch
- Heating: Propane, Forced Air
- List Price: $249,900
- Price/SqFt: $225
- Annual Tax Amount: $2,231
- Tax Year: 2024
- 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.
- Year Built: 2000
- Stories: 1
- Living Area: 1,106 SqFt
- School District: Gladwin Community Schools
- Lot Size: 0.49 Acres
- MLS Number: 50179021
- MLS Name: Clare Gladwin Board of REALTORS
- Office Name: REAL ESTATE ONE - GLADWIN
- Office Phone: (989) 426-6561
- Office Email: re1gladwin@gmail.com
- Listing Agent: RANDY BIERLEIN
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.
Copyright 2025 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.
The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/9/2025, 10:45:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $84,400 | $2,231 |
| 2023 | $71,300 | $- |
| 2022 | $67,400 | $- |
History based on county public records data.
Nearby schools
4
Gladwin Intermediate School
Public District 3-5
6.7 mi
•780 W 1st St
5
Beaverton Elementary School
Public Magnet KG-6
10.1 mi
•440 S Ross St
5
Meridian Elementary School
Public District PK-4
19.4 mi
•3353 N Meridian Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $36,790. The most common annual income of people living in Gladwin, MI is between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
47%
<35k
49%
35k-100k
4%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
45%
Single, No Kids
6%
Single, with Kids
41%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
7%
<11 yrs old
7%
12-17 yrs old
12%
18-34 yrs old
46%
35-64 yrs old
28%
65+ yrs old
What do the neighbors do for fun?
NASCAR
Figure Skating
Monster Trucks
Where do the neighbors shop?
Dollar General
Bass Pro Shops
Wal-Mart
Where do the neighbors go to eat?
Hardee's
Applebees
Jimmy Johns
What do the neighbors drive?
GMC
Oldsmobile
Cadillac
What do the neighbors listen to?
Classic Country
Oldies- Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 555 Rivers Terrace Rd
The listing price of 555 Rivers Terrace Rd property is $249,900.
The property 555 Rivers Terrace Rd is a house located in Gladwin, Michigan, 48624.
Active Listing: 555 Rivers Terrace Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 555 Rivers Terrace Rd are: Gladwin Intermediate School (GreatSchools Rating 4/10), Beaverton Elementary School (GreatSchools Rating 5/10), Meridian Elementary School (GreatSchools Rating 5/10), Gladwin Junior High School (GreatSchools Rating 6/10), Meridian Junior High School (GreatSchools Rating 6/10), Surline Middle School (GreatSchools Rating 4/10), Gladwin High School (GreatSchools Rating 6/10), Gladwin Community Alternative High School (GreatSchools Rating 6/10), Beaverton Junior/Senior High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $2,231 (source: MLS/based on county public records data).
The property at 555 Rivers Terrace Rd has 2 bedrooms and 1 bathroom.
The property 555 Rivers Terrace Rd is 1,106 SqFt (source: MLS/tax record).
The year of construction for 555 Rivers Terrace Rd is 2000.
This home is located at 555 Rivers Terrace Rd in Gladwin, MI and zip code 48624. This 1,106 square foot home, which was built in 2000, sits on a 0.49 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 19, 2025 and is currently priced at $249,900.
While more than 10 listings in Gladwin, MI in June 2025 were sold above asking price, there were more than 6 listings sold at asking price, and more than 19 were sold below. In June 2025 in Gladwin, MI there were 30.7% more homes for sale than in May. The median list price of listings available in June 2025 was $194,250, while the average time on the real estate market was 52 days.
From Rocket Homes Real Estate and based on county public records data.