NOT LISTED FOR SALE

Tower Plaza 555 E William St Unit 10A Ann Arbor, MI 48104

Downtown Ann Arbor Neighborhood

Estimated Value: $276,000 - $296,731

1 Bed
1 Bath
696 Sq Ft
$919/ mo HOA Fee

Last Sold August 02, 2021

Last sale price $276,000 $397 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,905/month

7 Days on Market

Highlights

  • Meeting Room
  • Elevator
  • Security Service
  • Bach Elementary School Rated A
  • Living Room
  • 4-minute walk to Liberty Plaza

About This Home

As of August 2021

Perfectly beautiful renovated South side Grand One Bedroom unit. Updated the way you would do it yourself, with modified open floorplan, white kitchen & bath cabinets with black granite countertops, lux vinyl plank flooring, brick facing on one living room wall, large shower stall conversion, subway tile in both shower and kitchen, stainless appliances, much more. Prime downtown location just one block from UM Campus in the quiet State Street neighborhood. Quiet, secure building has 24 hour lobby security, soundproof walls, on site laundry, storage, maintenance staff. This is a perfect home for student, downtown based professional, senior, investor, weekender, or anyone looking for a reasonably priced downtown residence.

Last Agent to Sell the Property

Brian Tomsic

University Realty Associates License #6506037705 Listed on: 06/22/2021

Last Buyer's Agent

Brian Tomsic

University Realty Associates License #6506037705 Listed on: 06/22/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,944

Year Built

  • Built in 1969

HOA Fees

  • $919 Monthly HOA Fees

Interior Spaces

  • 696 Sq Ft Home
  • Window Treatments
  • Living Room
  • Laundry on main level

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Schools

  • Bach Elementary School
  • Slauson Middle School
  • Pioneer High School

Utilities

  • Central Air
  • Heat Pump System
  • Hot Water Heating System
  • Cable TV Available

Community Details

Overview

  • Association fees include water, trash, snow removal, sewer, lawn/yard care, heat
  • Tower Plaza Condo Subdivision

Amenities

  • Meeting Room
  • Laundry Facilities
  • Elevator
  • Community Storage Space

Additional Features

  • Security
  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,944

Year Built

Built in 1969

Lot Details

0 Sq Ft Lot

HOA Fees

$919 per month

Listing Details

  • Property Sub-Type: Condominium
  • Property Type: Residential
  • New Construction: No
  • Year Built: 1969
  • Location Property Info:Property Sub-Type: Condominium
  • OfficeContract Info:List PriceSqFt2: 402.3
  • General Property Info:New Construction2: No
  • General Property Info:Basement: No
  • General Property Info:Total Fin SqFt All Levels: 696.0
  • General Property Info:Main Level Primary: Yes
  • Tax Info:Annual Property Tax: 4944.0
  • Tax Info:Zoning3: C2AR
  • Air Conditioning:Central Air: Yes
  • Appliances Refrigerators: Yes
  • Utilities Attached:Cable: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Heat Type:Hot Water: Yes
  • Additional Items:Window Treatments: Yes
  • Appliances Microwave: Yes
  • Location Property Info:Subdivision2: Tower Plaza Condo
  • Heat Type:Heat Pump: Yes
  • Additional Items:Elevator: Yes
  • General Property Info:SqFt Above Grade: 696.0
  • Assoc Amenities:Laundry: Yes
  • General Property Info Elementary School2: Bach Elementary School
  • General Property Info High School: Pioneer High School
  • General Property Info Middle School2: Slauson Middle School
  • General Property Info Garage YN: No
  • Flooring:Laminate Floor: Yes
  • Flooring:Tile Floor: Yes
  • Flooring:Ceramic Floor: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator
  • Flooring: Ceramic Tile, Laminate, Tile
  • Interior Amenities: Elevator
  • Fireplace: No
  • Total Bedrooms: 1
  • Main Level Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • LivingArea: 696.0
  • Window Features: Window Treatments
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes

Exterior Features

  • Construction Materials: Other
  • List Price: 280000.0
  • Lot Features: Sidewalk

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Heat Pump, Hot Water
  • Heating: Yes
  • Sewer: Public
  • Utilities: Cable Connected, Storm Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Laundry, Meeting Room, Security, Storage
  • Association Fee: 919.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Association Info:Approx Assoc Fee2: 919.0
  • Association Info:Assoc Fee Payable: Monthly
  • Assoc Amenities:Security: Yes
  • Assoc Amenities:Storage: Yes
  • Assoc Amenities:Meeting Room: Yes

Fee Information

  • Association Fee Includes: Water, Trash, Snow Removal, Sewer, Lawn/Yard Care, Heat

Schools

  • Elementary School: Bach Elementary School
  • High School: Pioneer High School
  • Middle/Junior School: Slauson Middle School

Lot Info

  • Zoning Description: C2AR

Tax Info

  • Tax Annual Amount: 4944.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 4, 2025
Sold by
Cherry Kyla
Bought by
Rowena J Cherry Trust and Cherry
Current Estimated Value
$289,933

Purchase Details

Listed on
Jun 22, 2021
Closed on
Aug 2, 2021
Sold by
Ferszt John Patrick
Bought by
Cherry Kyla
Seller's Agent
Brian Tomsic
University Realty Associates
Buyer's Agent
Brian Tomsic
University Realty Associates
List Price
$280,000
Sold Price
$276,000
Premium/Discount to List
-$4,000
-1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.06%

Purchase Details

Listed on
Mar 29, 2018
Closed on
Jun 5, 2018
Sold by
Chopra Ravi
Bought by
Ferszt John Patrick
Seller's Agent
Alex Milshteyn
Real Estate One Inc
Buyer's Agent
Brian Tomsic
University Realty Associates
List Price
$197,500
Sold Price
$197,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.17%

Purchase Details

Closed on
Jun 30, 2011
Sold by
Schimpke John M and Schimpke Pat S
Bought by
Chopra Ravi

Purchase Details

Closed on
Feb 18, 2004
Sold by
Ahn Tae Woo and Ahn Hee Sook
Bought by
Schimpke John M and Schimpke Pat S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
5.71%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rowena J Cherry Trust $250,000 None Listed On Document
Cherry Kyla $276,000 Preferred Ttl Agcy Of Ann Ab
Ferszt John Patrick $197,500 Ata National Title Group Llc
Chopra Ravi $187,000 American Title Company Of Wa
Schimpke John M $205,000 Tnt
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schimpke John M $164,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/02/2021 08/02/21 Sold $276,000 -1.4% $397 / Sq Ft
06/29/2021 06/29/21 Pending -- -- --
06/22/2021 06/22/21 For Sale $280,000 +41.8% $402 / Sq Ft
06/05/2018 06/05/18 Sold $197,500 0.0% $285 / Sq Ft View Prior Sale
06/05/2018 06/05/18 Pending -- -- --
03/29/2018 03/29/18 For Sale $197,500 -- $285 / Sq Ft
Source: MichRIC

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 $5,240 $124,700 $0 $0
2024 $5,488 $116,400 $0 $0
2023 $5,488 $106,000 $0 $0
2022 $5,351 $105,200 $0 $0
2021 $5,046 $100,100 $0 $0
2020 $4,944 $97,000 $0 $0
2019 $4,819 $97,500 $97,500 $0
2018 $4,868 $87,100 $0 $0
2017 $5,274 $90,300 $0 $0
2016 $5,139 $83,052 $0 $0
2015 $3,816 $82,804 $0 $0
2014 $3,816 $80,700 $0 $0
2013 -- $80,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Tomsic

    Seller's Agent in 2021

    Brian Tomsic

    University Realty Associates

    (734) 646-6156

    87 in this area

    90 Total Sales

    Brian Tomsic
    Section Image
  • Alex Milshteyn

    Seller's Agent in 2018

    Alex Milshteyn

    Real Estate One Inc

    (734) 417-3560

    22 in this area

    1,098 Total Sales

    Alex Milshteyn
    Section Image
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About Tower Plaza

Map

Source: MichRIC

MLS Number: 23111267

MichRIC

APN: 09-29-401-126

Michigan Washtenaw County Ann Arbor 48104 Downtown Ann Arbor

555 E William St Unit 10A, Ann Arbor, MI

Not Listed for Sale

Condos

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MichRIC Information is deemed reliable but not guaranteed.
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