$345,000
SOLD JUL 30, 2025
1 Bed
1 Bath
570 Sq Ft
$230/mo HOA Fee

Recently Sold

$605 Per Sq Ft

4% Below List Price

9 Days on Market

Highlights

  • Contemporary Architecture
  • Engineered Wood Flooring
  • Balcony
  • Bach Elementary School Rated A
  • Elevator
  • 5-minute walk to Sculpture Plaza

About This Home

As of July 2025

Immerse yourself in all that downtown Ann Arbor has to offer! Living in the highly desirable and iconic Ashley Terrace Building, places you perfectly in the heart of Downtown. This Ashley Terrace studio is just steps away from upscale dining, shops, U of M campus and an easy walk to the Big House on game day. GO BLUE! Timeless cherry cabinetry granite countertops, and wood floors greet you upon entering this lovely unit. The current owner recently invested over $40,000 in multiple improvements including a major bathroom reno. Add the in-unit laundry feature, secure entry, a deeded parking space/storage space in a secure climate-controlled garage with elevator access, well what more could you ask for? These Ashley Terrace studio units, which by the way are rare and very seldom come to the market, are perfect for people that need a comfortable and stylish place to stay when they visit friends and relatives in Ann Arbor. Also, what a perfect place to hang out for football weekends and for Art Fair Season. These units are always in high demand as rentals if you ever decide to lease it out sometime in the future.

Last Agent to Sell the Property

Steve Wickland

Brookstone, REALTORS® License #6501322571 Listed on: 06/24/2025

Brookstone, REALTORS®

Last Buyer's Agent

Lyla Icaza

The Charles Reinhart Company License #6501267241

The Charles Reinhart Company

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2007

HOA Fees

  • $230 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Slab Foundation
  • Rubber Roof
  • Concrete Siding
  • Stucco

Interior Spaces

  • 570 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Living Room
  • Dining Area

Kitchen

  • Eat-In Kitchen
  • Built-In Electric Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Engineered Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

Outdoor Features

Schools

  • Bach Elementary School
  • Forsythe Middle School
  • Skyline High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

Overview

  • Association fees include water, snow removal, sewer, heat
  • Association Phone (734) 459-5440
  • 111 N. Ashley Condos

Pet Policy

  • Pets Allowed

Additional Features

  • Elevator
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 2007

Lot Details

0

HOA Fees

$230 per month

Parking

1

Listing Details

  • Property Sub-Type: Condominium
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Contemporary
  • Stories: 1
  • Year Built: 2007
  • Location Property Info:Property Sub-Type: Condominium
  • General Property Info:New Construction2: No
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • General Property Info:Total Fin SqFt All Levels: 570.0
  • General Property Info:Main Level Primary: Yes
  • Tax Info:Annual Property Tax: 11100.0
  • Tax Info:Zoning3: D1
  • Waterfront Options:Water Access YN: No
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • General Property Info:Fireplace: No
  • Substructure:Slab: Yes
  • Additional Items:Window Treatments: Yes
  • Appliances Microwave: Yes
  • Water Heater:Natural Gas4: Yes
  • General Property Info:Condo Proj Name: 111 N. Ashley
  • General Property Info:Entry Type: Security
  • General Property Info:Pets YN: Yes
  • Roofing:Rubber: Yes
  • Additional Items:Elevator: Yes
  • Roofing:Flat: Yes
  • General Property Info:SqFt Above Grade: 570.0
  • General Property Info Elementary School2: Bach Elementary School
  • General Property Info High School: Skyline High School
  • General Property Info Middle School2: Forsythe Middle School
  • General Property Info Garage YN: Yes
  • Architectural Style:Contemporary: Yes
  • Flooring:Ceramic Floor: Yes
  • Flooring Engineered Hardwood: Yes
  • Security Features:Fire Sprinkler System: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Electric Oven, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
  • Flooring: Ceramic Tile, Engineered Hardwood
  • Interior Amenities: Elevator, Garage Door Opener, Eat-in Kitchen
  • Fireplace: No
  • Total Bedrooms: 1
  • Main Level Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Slab
  • LivingArea: 570.0
  • Window Features: Window Treatments
  • General Property Info:Stories2: 1.0
  • Kitchen Features:Eating Area: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Built-In Electric Oven: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Construction Materials: Block, Brick, Concrete, Stucco, Other
  • Exterior Features: Balcony
  • List Price: 359900.0
  • Road Surface Type: Paved
  • Roof: Flat, Rubber
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes
  • Exterior Material:Concrete: Yes
  • Exterior Features:Balcony: Yes
  • Exterior Material:Stucco: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Garage Door Opener
  • Additional Items:Garage Door Opener: Yes
  • Parking Features Garage Door Opener2: Yes
  • General Property Info:Garage Spaces: 1.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: In Unit
  • Security Features: Fire Sprinkler System
  • Sewer: Public
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 230.0
  • Association Fee Frequency: Monthly
  • Association Phone: 734-459-5440
  • Association: Yes

Association/Amenities

  • Association Info:Approx Assoc Fee2: 230.0
  • Association Info:Assoc Buy in Fee: NA
  • Association Info:Assoc Fee Payable: Monthly
  • Association Info:Association Phone: 734-459-5440

Fee Information

  • Association Fee Includes: Other, Water, Snow Removal, Sewer, Heat

Schools

  • Elementary School: Bach Elementary School
  • High School: Skyline High School
  • Middle/Junior School: Forsythe Middle School

Lot Info

  • Zoning Description: D1

Tax Info

  • Tax Annual Amount: 11100.0
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2025
Closed on
Jul 30, 2025
Sold by
Schaberg Courtney
Bought by
Reddi Preethi Jayaram and Thippareddi Satya Soundarya
Seller's Agent
Steve Wickland
Brookstone, REALTORS®
Buyer's Agent
Lyla Icaza
The Charles Reinhart Company
List Price
$359,900
Sold Price
$345,000
Premium/Discount to List
-$14,900
-4.14%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
377.28%
Original Mortgage
$276,000
Outstanding Balance
$276,000
Interest Rate
5.96%
Mortgage Type
New Conventional
Estimated Equity
$108,887

Purchase Details

Closed on
Feb 17, 2022
Sold by
Agrawal Krishan
Bought by
Schaberg Courtney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 2020
Sold by
Wojcik John and England Kimberlie
Bought by
Agrawal Krishan

Purchase Details

Closed on
May 25, 2017
Sold by
Jones Scott and Jones Angela
Bought by
Wojcik John and England Kimberlie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,100
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2015
Sold by
Jones Scott
Bought by
Jones Scott and Jones Angela

Purchase Details

Closed on
Apr 11, 2012
Sold by
Kloess Jason
Bought by
Kloess Scott and Kloess Artemis

Purchase Details

Closed on
Sep 21, 2010
Sold by
Byers Christopher L
Bought by
Kloess Scott and Kloess Artemis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,800
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2008
Sold by
Ashley Terrace Condominiums Llc
Bought by
Byers Christopher L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,800
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2008
Sold by
Ashley Terrace Holdings Llc
Bought by
Ashley Terrace Condominiums Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,800
Interest Rate
6.32%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $345,000 American Title
Warranty Deed $340,000 None Listed On Document
Warranty Deed $340,000 None Listed On Document
Warranty Deed $305,000 State Street Title Agcy Llc
Warranty Deed $299,000 None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $285,000 None Available
Interfamily Deed Transfer -- Lib
Warranty Deed $198,500 Cap
Warranty Deed $191,428 Fatco
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $276,000 New Conventional
Previous Owner $255,000 New Conventional
Previous Owner $255,000 New Conventional
Previous Owner $269,100 New Conventional
Previous Owner $158,800 New Conventional
Previous Owner $181,800 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2025 07/30/25 Sold $345,000 -4.1% $605 / Sq Ft
06/24/2025 06/24/25 For Sale $359,900 -- $631 / Sq Ft
Source: Southwestern Michigan Association 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 $10,240 $165,800 $0 $0
2024 $8,603 $160,100 $0 $0
2023 $7,944 $152,100 $0 $0
2022 $7,426 $146,000 $0 $0
2021 $7,321 $142,700 $0 $0
2020 $7,845 $134,800 $0 $0
2019 $9,012 $141,700 $141,700 $0
2018 $8,984 $140,600 $0 $0
2017 $7,417 $124,800 $0 $0
2016 $5,771 $116,800 $0 $0
2015 $4,593 $99,669 $0 $0
2014 $4,593 $97,100 $0 $0
2013 -- $97,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 25030378

Southwestern Michigan Association of REALTORS®

APN: 09-29-148-022