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1849 E Pratt Lake Rd, Gladwin, MI, 48624

2beds
2baths
1,650sqft
$695,000
$421price/sqft
$4,707/moest. monthly cost
$188,280/yrincome needed

About This Home

Charming lakefront retreat with stunning water views, modern updates throughout, and a dream garage setup on a peaceful 3-acre lot. This beautifully renovated home features brand new Anderson windows that flood the space with natural light, highlighting the open-concept living and dining area with vaulted ceilings and rich hardwood floors. The kitchen is bright and functional with a central island and updated finishes, perfect for casual meals or entertaining. Cozy up by the electric fireplace in the living room or retreat to the spacious primary suite with its own electric fireplace, panoramic lake views, and direct access to the expansive Trex deck—ideal for relaxing or hosting on warm summer evenings. Featuring a sleep in loft, while the fully updated bathroom offers double vessel sinks and elegant touches. The oversized 1928 sq ft garage fits 4+ cars and includes a heated 176 sq ft workstation and a cedar-lined closet for gear and outerwear. Enjoy the convenience of a full-house Generac generator, low-maintenance metal roof, durable vinyl siding, natural gas heating, A/C split unit, and your own private spring-fed water supply. Step out to your own sandy beachfront on an all-sports lake, where you can tie up the included pontoon boat and two-person pedal boat at the dock. With no through traffic and as the last house on the street, the setting is peaceful and private. Bonus: The sellers are also offering a 1949 Model B John Deere Tractor and a 1953 Ford 350 Stake Truck, both located in the garage—please see Realtor for pricing. Welcome Home!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

6/10
6/10
9/10
Gladwin High SchoolGrades 9-123.4 mi

Construction

Condition

  • Year built: 1940

Materials

  • Foundation: Crawl Space
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Bedroom

  • Level: Entry
  • Area: 187
  • Dimensions: 17 X 11

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Fireplace features: Electric,Living Room
  • Fireplace: Yes
  • Finished area above ground: 1,650

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 1,650 sqft

Kitchen

  • Level: Entry
  • Area: 132
  • Dimensions: 12 X 11

Laundry

  • Level: Entry
  • Area: 72
  • Dimensions: 9 X 8

Living Room

  • Level: Entry
  • Area: 425
  • Dimensions: 25 X 17

Other

  • Level: Entry
  • Area: 42
  • Dimensions: 7 X 6

Primary Bathroom

  • Level: Entry
  • Area: 72
  • Dimensions: 9 X 8

Primary Bedroom

  • Level: Entry
  • Area: 234
  • Dimensions: 18 X 13

Property

Details

  • Parcel number: 12002220200401
  • Special condition: Short Sale No,Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: GroundLevelwSteps
  • Pool features: None

Lot

  • Lot size: 3 Acres
  • Lot size dimensions: 109 x 149

Parking

  • Total spaces: 4
  • Parking features: Four Car Garage,Detached
  • Has garage: Yes
  • Attached garage spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Lightning
Strong Wind
Winter Weather
Hail
Inland Flooding
Tornado

FEMA Declared Disasters in Gladwin County and Michigan

Severe Ice Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,514$42,168
Home Insurance *$421$5,052
Property Taxes $584$7,008
Electricity $188$2,259
Total$4,707$56,484
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$161,382/yr
40% on housing$141,210/yr
45% on housing$125,520/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 16.2%
16.2%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.1%
-0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$421This listing

vs Other Active Listings

Avg $/sqft

ZIP 48624$135
Gladwin County$122

vs Homes Sold Last Month

Median $/sqft

ZIP 48624
Gladwin County$143

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-27Listed for sale$695,000
2026-04-27Listing removed$725,000
2026-03-30Listed for sale$725,000
2026-03-30Listing removed$725,000
2026-01-30Listed for sale$725,000

For Sale by Agent

AgentJim Shaffer
BrokerageGood Company

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