NOT LISTED FOR SALE

1138 Rivers Terrace Rd Gladwin, MI 48624

Estimated Value: $87,000 - $146,000

0.39 Acre
$270,131 Price per Acre
16,988 Sq Ft Lot

Last Sold August 23, 2024

Last sale price $75,000

Est. 40% increase in value since last sale

Current estimated payment $674/month

133 Days on Market

Highlights

  • Lake Front
  • Shed
  • Garage
  • Partially Wooded Lot

About This Lot

As of August 2024

Outstanding Opportunity on Smallwood Lake. Come take a closer look at this Camping/Building Lot that is ready for Enjoying Today. This property offers 85ft of Waterfront on Smallwood Lake stemming from the Tittabawassee River that will Always have water no matter the status of the Dam reconstruction that is currently going on and nearing completion. The water levels in and around this property offer both the availability to Kayak, Fish or even Smaller Watercraft and the views are Incredible. This property would make a wonderful building site and the gentle slope down to the water would allow for a walkout basement style home. The property has a Great 24 X 24 2 1/2 car garage with a 200 amp Service for plenty of power and is set up with 50amp plug easily converted to 30amp with a plug adapter for your Camper or Motorhome. There was a New Steel roof put on the garage in 2023 and the current owners use the garage as a Entertainment area as well as some additional storage and there is an additional wooden shed for even more places to keep your incidentals. There is a staircase that has been fashioned into the hill leading you down to the water. The location of this property offers both the serenity of being on a dead end road, but close enough to both Gladwin 6miles away or Westbranch being about 20 minutes offering a big selection of stores, restaurant's and hospitals to get anything you would need. This property will not last long with Everything it has to offer. The current owners have taken the time and energy to nicely clear but still leave enough trees for plenty of shade and privacy so come take a closer look at this Great Opportunity today before it's gone !!There is a survey on file of the property . Call and make your appointment today or call with any questions you may have. This property will be subject to an assessment set by the FLTF for the reconstruction and maintenance of the Dam. For more information please go to www.fltf.com

Last Agent to Sell the Property

Ryan Ropp

SUGAR SPRINGS REAL ESTATE License #CGBOR-6501350622 Listed on: 04/10/2024

Last Buyer's Agent

Kathryn Downing

RE/MAX RIVER HAVEN License #CGBOR-6501425792

RE/MAX RIVER HAVEN

Property Details

Property Type

  • Land

Est. Annual Taxes

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 85 x 199 x 80 x 210
  • Lake Front
  • River Front
  • Street terminates at a dead end
  • Rural Setting
  • Sloped Lot
  • Partially Wooded Lot

Parking

  • Garage

Outdoor Features

  • Shed

Listing and Financial Details

  • Assessor Parcel Number 130-160-000-017-00

Property Details

Property Type

Land

Est. Annual Taxes

$1,383

Lot Details

0

Listing Details

  • Originating MLS: Clare Gladwin Board of REALTORS
  • Class: VACANT LAND
  • Type Of Property: Vacant Land
  • Style: Vacant Land
  • Sub Structure Types: Shed, Garage(s)
  • Total Tax Amount: 1466.59
  • Total Tax Year: 2023
  • Mail City: Gladwin
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Frontage: 85
  • Lake Name: Smallwood Lake
  • Water Features: River Frontage, Waterfront, All Sports Lake, Interior Lake
  • Waterfront: Yes
  • Roads: City/County, Gravel, Year Round
  • Frontage Type: Water

Utilities

  • Water: None
  • Sewer/Septic System: None
  • Fuel On Site: Electric

Schools

  • School District: Gladwin Community Schools

Lot Info

  • Assessments: 2181.64
  • Assessments: Yes
  • Assessor Parcel Number: 130-160-000-017-00
  • Location: Dead End, Rural
  • Acreage: 0.39
  • Lot Description: Deep Lot - 150+ Ft., Large Lot - 65+ Ft., Platted, Sloping, Partially Wooded
  • Zoning: Residential
  • Lot Size: 85 x 199 x 80 x 210
  • Survey On File: Yes
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2023, Amount: $569.53
  • Winter Tax: Year: 2023, Amount: $897.06
  • Taxable Value: 18900
  • Total Tax: Year: 2023, Amount: $1,466.59
  • SEV Year: 2023

MLS Schools

  • School District: Gladwin Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2024
Closed on
Aug 23, 2024
Sold by
Sommerfeld Daniel and Sommerfeld Cristyn
Bought by
Hager Jerry
Seller's Agent
Ryan Ropp
SUGAR SPRINGS REAL ESTATE
Buyer's Agent
Kathryn Downing
RE/MAX RIVER HAVEN
List Price
$94,900
Sold Price
$75,000
Premium/Discount to List
-$19,900
-20.97%
Views
45
Current Estimated Value
$105,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,351
Avg. Annual Appreciation
34.38%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hager Jerry $75,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2024 08/23/24 Sold $75,000 -11.7% --
07/05/2024 07/05/24 Price Changed $84,900 -5.6% --
06/15/2024 06/15/24 Price Changed $89,900 -9.6% --
05/30/2024 05/30/24 Price Changed $99,400 -0.5% --
04/12/2024 04/12/24 Price Changed $99,900 +5.3% --
04/10/2024 04/10/24 For Sale $94,900 -- --
Source: Clare Gladwin Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,383 $38,900 $38,900 $0
2024 $554 $30,300 $30,300 $0
2023 $563 $18,900 $18,900 $0
2022 $563 $19,300 $0 $0
2021 $1,178 $18,400 $18,400 $0
2020 $1,130 $20,200 $20,200 $0
2019 $1,130 $17,800 $17,800 $0
2018 $1,251 $20,400 $20,400 $0
2017 $1,231 $20,600 $20,600 $0
2016 -- $25,100 $20,800 $4,300
2015 -- $0 $0 $0
2014 -- $32,000 $28,000 $4,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Clare Gladwin Board of REALTORS®

MLS Number: 50138464

Clare Gladwin Board of REALTORS®

APN: 130-160-000-017-00