Your search is over! This Rivers Terrace gem is the perfect waterfront retreat with double lot, over a half-acre with 124 ft on channel of Smallwood Lake. Large great-room with cathedral ceilings and floor to ceiling windows. You’ll love the beautiful quartz countertops and plenty of kitchen cabinets, features a gas log fireplace. The master bedroom on the second floor has a deep closet that offers lots of storage room, Â ¾ bath and a small balcony. Walkout unfinished basement, large wraparound deck, concrete drive. Smallwood Lake water level is currently down and will return to normal level in a couple years.
Single-familyProperty Type
2004Year Built
0.53 acresLot Size
$214Est. Price/Sq.Ft.
Listed by RANDY BIERLEIN• REAL ESTATE ONE OF GLADWIN
Bought with Non Member Office• NON-MLS MEMBER OFFICE
Your search is over! This Rivers Terrace gem is the perfect waterfront retreat with double lot, over a half-acre with 124 ft on channel of Smallwood Lake. Large great-room with cathedral ceilings and floor to ceiling windows. You’ll love the beautiful quartz countertops and plenty of kitchen cabinets, features a gas log fireplace. The master bedroom on the second floor has a deep closet that offers lots of storage room, ¾ bath and a small balcony. Walkout unfinished basement, large wraparound deck, concrete drive. Smallwood Lake water level is currently down and will return to normal level in a couple years.
MiRealSource-MiMLS #50078409
Aug 22, 2022
Pending
—
Aug 19, 2022
Sold
$220,000
$177/sq ft
Aug 19, 2022
Sold
$220,000
$177/sq ft
Jul 12, 2022
Contingent
—
Jun 13, 2022
Listed
$239,900
$193/sq ft
Jun 13, 2022
Listed
$239,900
$193/sq ft
Your search is over! This Rivers Terrace gem is the perfect waterfront retreat with double lot, over a half-acre with 124 ft on channel of Smallwood Lake. Large great-room with cathedral ceilings and floor to ceiling windows. You’ll love the beautiful quartz countertops and plenty of kitchen cabinets, features a gas log fireplace. The master bedroom on the second floor has a deep closet that offers lots of storage room, ¾ bath and a small balcony. Walkout unfinished basement, large wraparound deck, concrete drive. Smallwood Lake water level is currently down and will return to normal level in a couple years.
REALCOMP #77001215263
Aug 19, 2022
Sold
$220,000
$177/sq ft
Jun 13, 2022
Listed
$239,900
$193/sq ft
MiRealSource-MiMLS #41006200
Feb 9, 2004
Listed
$169,900
$136/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,496 (−38.0%)
2024
$4,030 (+67.8%)
2023
$2,402 (+219.1%)
2022
$753 (+474.5%)
2021
$131 (+9.2%)
2020
$120 (−63.2%)
2019
$326 (+8.3%)
2018
$301 (−80.0%)
2017
$1,504 (+1.4%)
2016
$1,483 (+2.5%)
2015
$1,447 (−3.8%)
2014
$1,504 (−1.7%)
2013
$1,531
Tax history for 561 Rivers Terrace Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,496 (−38.0%)
2024
$4,030 (+67.8%)
2023
$2,402 (+219.1%)
2022
$753 (+474.5%)
2021
$131 (+9.2%)
2020
$120 (−63.2%)
2019
$326 (+8.3%)
2018
$301 (−80.0%)
2017
$1,504 (+1.4%)
2016
$1,483 (+2.5%)
2015
$1,447 (−3.8%)
2014
$1,504 (−1.7%)
2013
$1,531
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
—
Baths
—
Stories
—
Lot width
64 ft.
Lot depth
185 ft.
Lot size
0.27 Acres
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Single Family Residential
County
Gladwin County
APN
110-276-000-121-00
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Mar 20, 2026.
Property details
Interior
Bathroom Information
# of Full Bathrooms: 1
Heating & Cooling
Has Cooling
Cooling: Central Air
Has Heating
Heating: Forced Air, Propane
Interior Features
Interior Features: Cathedral Ceiling(s)
Appliances: Dryer, Microwave, Oven, Refrigerator, Range, Washer, Water Softener Owned