For sale

$139,900

5396 Colchester Way, Gladwin, MI 48624

4beds

1,700sqft

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Single Family Residence

Built in ----

0.73 Acres Lot

$235,700 Zestimate^®

$82/sqft

$45/mo HOA

What's special

Flexible layoutLarge lot

Opportunity awaits in the heart of Sugar Springs! This 4-bedroom, 2-bath home offers approximately 1,700 sq ft of living space and sits on a .72-acre double lot with access to both Lake Lancer and Lake Lancelot. Located in one of Gladwin County’s most popular recreational communities, this property gives you full access to everything Sugar Springs has to offer — including an 18-hole golf course, restaurant, tennis courts, private airstrip, and multiple beach clubs on the all-sports lakes. The home is in need of work, making it a strong option for a buyer looking for a renovation project in a high-demand community. With its large lot, flexible layout, and prime location, this property presents solid potential for those ready to add value. Whether you're looking for a year-round residence, weekend retreat, or future getaway, this is a chance to secure property in Sugar Springs at an accessible entry point.

176 days

1,401

50

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Bedroom 1

Features: Carpet
Level: Lower
Area: 80
Dimensions: 10 x 8

Bedroom 2

Features: Carpet
Level: Upper
Area: 80
Dimensions: 10 x 8

Bedroom 3

Features: Carpet
Level: Upper
Area: 132
Dimensions: 12 x 11

Bedroom 4

Features: Carpet
Level: Upper
Area: 121
Dimensions: 11 x 11

Bathroom 1

Features: Carpet
Level: Lower
Area: 49
Dimensions: 7 x 7

Bathroom 2

Features: Carpet
Level: Upper
Area: 56
Dimensions: 7 x 8

Dining room

Features: Carpet
Level: Upper
Area: 72
Dimensions: 8 x 9

Family room

Features: Carpet
Level: Lower
Area: 253
Dimensions: 23 x 11

Kitchen

Features: Laminate
Level: Upper
Area: 99
Dimensions: 11 x 9

Living room

Features: Carpet
Level: Upper
Area: 156
Dimensions: 13 x 12

Heating

Boiler, Propane, Wood

Cooling

Ceiling Fan(s)

Appliances

Included: Dryer, Range/Oven, Refrigerator, Washer, Electric Water Heater
Laundry: Lower Level

Features

Flooring: Carpet, Laminate
Basement: Block
Number of fireplaces: 1
Fireplace features: Basement, Wood Burning

Interior area

Total structure area: 1,800
Total interior livable area: 1,700 sqft
Finished area above ground: 900
Finished area below ground: 800

Property

Parking

Total spaces: 2
Parking features: Attached
Attached garage spaces: 2

Features

Levels: Two
Stories: 2
Has private pool: Yes
Pool features: Community
Spa features: Community
Has view: Yes
View description: Rural View
Waterfront features: All Sports Lake, Lake/River Access, Beach Access
Frontage type: Road
Frontage length: 170

Lot

Size: 0.73 Acres
Dimensions: 170 x 160 x 200 x 151
Features: Subdivision

Details

Additional structures: Garage(s)
Parcel number: 06020000012710
Zoning description: Residential
Special conditions: Private

Construction

Type & style

Home type: SingleFamily
Architectural style: Other
Property subtype: Single Family Residence

Materials

Wood Siding
Foundation: Basement

Utilities & green energy

Sewer: Public Sanitary
Water: Private Well
Utilities for property: Natural Gas Available, Sewer Connected

Community & HOA

Community

Features: Beach Area
Subdivision: Yes

HOA

Has HOA: Yes
Amenities included: Clubhouse, Fitness Center, Golf Course, Park, Playground, Tennis Court(s), Airport/Runway, Restaurant
HOA fee: $535 annually
HOA name: Sugar Springs POA

Location

Region: Gladwin

Financial & listing details

Price per square foot: $82/sqft
Annual tax amount: $1,529
Date on market: 1/7/2026
Cumulative days on market: 155 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Road surface type: Paved

Estimated market value

$235,700

$210,000 - $259,000

$1,971/mo

Price history

Date	Event	Price
1/30/2026	Price change	$139,900+7.6%$82/sqft
Source: MiRealSource #50197021 Report a problem
1/8/2026	Pending sale	$129,987$76/sqft
Source: MiRealSource #50197021 Report a problem
1/7/2026	Listed for sale	$129,987+62.5%$76/sqft
Source: MiRealSource #50197021 Report a problem
8/4/2009	Sold	$80,000$47/sqft
Source: MiRealSource #41008425 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,514 +17.5%	$109,500 +5.5%
2024	$1,288	$103,800 +16.8%
2023	--	$88,900 +59.3%
2022	--	$55,800 +7.5%
2021	--	$51,900 -9.3%
2020	--	$57,200 +11.7%
2018	--	$51,200 +11.8%
2017	--	$45,800 +14.2%
2016	--	$40,100 -0.2%
2015	--	$40,200 +2.8%
2014	--	$39,100 -8.6%
2013	--	$42,800 -5.7%
2011	--	$45,400 +2.6%
2010	--	$44,250

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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