NOT LISTED FOR SALE

Tower Plaza 555 E William St Unit 13C Ann Arbor, MI 48104

Downtown Ann Arbor Neighborhood

Estimated Value: $271,000 - $347,000

1 Bed
1 Bath
596 Sq Ft
$829/mo HOA Fee

Last Sold July 28, 2023

Last sale price $258,000 $433 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,905/month

19 Days on Market

Highlights

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

About This Home

As of July 2023

Beautifully renovated gem in the heart of downtown! Southwest corner 13th floor unit has been thoughtfully renovated and needs nothing. Great sunny view through huge panoramic windows. Beautiful cherry cabinets, granite countertops, new tile throughout, stainless appliances, gorgeous wood flooring and 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. Parking and on site rental management available.

Last Agent to Sell the Property

Brian Tomsic

University Realty Associates License #6506037705 Listed on: 06/21/2023

Last Buyer's Agent

Brian Tomsic

University Realty Associates License #6506037705 Listed on: 06/21/2023

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1969

Lot Details

  • 436

HOA Fees

  • $829 Monthly HOA Fees

Interior Spaces

  • 596 Sq Ft Home
  • Window Treatments
  • Laundry on main level

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • 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

Year Built

Built in 1969

Lot Details

0

HOA Fees

$829 per month

Listing Details

  • Property Sub-Type: Condominium
  • Property Type: Residential
  • New Construction: No
  • Year Built: 1969
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Condominium
  • General Property Info:New Construction2: No
  • General Property Info:Basement: No
  • General Property Info:Total Fin SqFt All Levels: 596.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 6702.0
  • 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:Ceramic Floor: Yes
  • Additional Items:Window Treatments: Yes
  • Appliances Microwave: Yes
  • Location Property Info:Subdivision2: Tower Plaza Condo
  • Additional Items:Wood Floor: Yes
  • Heat Type:Heat Pump: Yes
  • Additional Items:Elevator: Yes
  • General Property Info:SqFt Above Grade: 596.0
  • Additional Items:Tile Floor: Yes
  • Assoc Amenities:Laundry: Yes
  • General Property Info Elementary School2: Bach
  • General Property Info High School: Pioneer
  • General Property Info Middle School2: Slauson
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Disposal, Dishwasher, Microwave, Oven, Range, Refrigerator
  • Interior Amenities: Ceramic Floor, Elevator, Wood Floor
  • Fireplace: No
  • Total Bedrooms: 1
  • Main Level Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • LivingArea: 596.0
  • Window Features: Window Treatments
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes

Exterior Features

  • Construction Materials: Other
  • List Price: 269000.0
  • Lot Features: Sidewalk

Garage/Parking

  • Garage: No
  • Garage:Garage2: No

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Laundry, Meeting Room, Security, Storage
  • Association Fee: 829.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Association Info:Approx Assoc Fee2: 829.0
  • 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
  • High School: Pioneer
  • Middle/Junior School: Slauson

Lot Info

  • Lot Size Acres: 0.01
  • Lot Size Area: 0.01
  • Lot Size Sq Ft: 453.0
  • Zoning Description: C2AR
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6702.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2023
Closed on
Aug 8, 2023
Sold by
Eastwest Family Living Trust
Bought by
Eastwest Family Living Trust and Malik
Seller's Agent
Brian Tomsic
University Realty Associates
Buyer's Agent
Brian Tomsic
University Realty Associates
List Price
$269,000
Sold Price
$258,000
Premium/Discount to List
-$11,000
-4.09%
Current Estimated Value
$296,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,322
Avg. Annual Appreciation
6.35%

Purchase Details

Listed on
Jun 21, 2023
Closed on
Jul 19, 2023
Sold by
Ahmad Saqib M
Bought by
Eastwest Family Living Trust and Malik
Seller's Agent
Brian Tomsic
University Realty Associates
Buyer's Agent
Brian Tomsic
University Realty Associates
List Price
$269,000
Sold Price
$258,000
Premium/Discount to List
-$11,000
-4.09%

Purchase Details

Listed on
Feb 20, 2019
Closed on
Apr 23, 2019
Sold by
Varellas Lance J and Varellas Kathryn M
Bought by
Ahmad Saqib M
Seller's Agent
Brian Tomsic
University Realty Associates
Buyer's Agent
Brian Tomsic
University Realty Associates
List Price
$235,000
Sold Price
$230,000
Premium/Discount to List
-$5,000
-2.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.73%
Original Mortgage
$207,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 26, 2017
Sold by
Allied Properties Llc
Bought by
Varellas Lance J and Varellas Kathryn M

Purchase Details

Listed on
Oct 31, 2014
Closed on
Dec 8, 2014
Sold by
Schrier Thomas and Schrier Cheryl
Bought by
Allied Properties Llc
Seller's Agent
Brian Tomsic
University Realty Associates
Buyer's Agent
Nancy Bishop
The Charles Reinhart Company
List Price
$205,000
Sold Price
$202,000
Premium/Discount to List
-$3,000
-1.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.58%

Purchase Details

Closed on
Jan 7, 2014
Sold by
Orlandi Ralph A and Orlandi Mary Ellen
Bought by
Schrier Thomas and Schrier Cheryl

Purchase Details

Closed on
Dec 27, 2004
Sold by
Orlandi Family Lp
Bought by
Orlandi Ralph A and Orlandi Mary Ellen
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Eastwest Family Living Trust -- Preferred Title
Eastwest Family Living Trust $258,000 Preferred Title
Ahmad Saqib M $230,000 Preferred Title
Varellas Lance J $203,500 Preferred Title
Allied Properties Llc $202,000 American Title Co
Schrier Thomas $170,000 American Title Company
Orlandi Ralph A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ahmad Saqib M $207,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/28/2023 07/28/23 Sold $258,000 -4.1% $433 / Sq Ft
07/10/2023 07/10/23 Pending -- -- --
06/21/2023 06/21/23 For Sale $269,000 +17.0% $451 / Sq Ft
04/25/2019 04/25/19 Sold $230,000 -2.1% $386 / Sq Ft View Prior Sale
02/26/2019 02/26/19 Pending -- -- --
02/20/2019 02/20/19 For Sale $235,000 +16.3% $394 / Sq Ft
12/12/2014 12/12/14 Sold $202,000 -1.5% $339 / Sq Ft View Prior Sale
11/17/2014 11/17/14 Pending -- -- --
10/31/2014 10/31/14 For Sale $205,000 -- $344 / Sq Ft
Source: MichRIC

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 $6,205 $120,200 $0 $0
2024 $5,193 $113,100 $0 $0
2023 $5,442 $104,200 $0 $0
2022 $6,702 $103,500 $0 $0
2021 $6,513 $99,100 $0 $0
2020 $6,308 $96,400 $0 $0
2019 $5,783 $96,900 $96,900 $0
2018 $5,674 $88,800 $0 $0
2017 $5,375 $87,100 $0 $0
2016 $5,238 $84,653 $0 $0
2015 $3,730 $84,400 $0 $0
2014 $3,730 $60,719 $0 $0
2013 -- $60,719 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Tomsic

    Seller's Agent in 2023

    Brian Tomsic

    University Realty Associates

    (734) 646-6156

    94 in this area

    97 Total Sales

    Brian Tomsic
    Section Image
  • Nancy Bishop

    Buyer's Agent in 2014

    Nancy Bishop

    The Charles Reinhart Company

    (734) 646-1333

    13 in this area

    354 Total Sales

    Nancy Bishop
    Section Image
See All Agents

About Tower Plaza

Map

Source: MichRIC

MLS Number: 23129572

MichRIC

APN: 09-29-401-160

Michigan Washtenaw County Ann Arbor 48104 Downtown Ann Arbor

555 E William St Unit 13C, Ann Arbor, MI

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MichRIC Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

Nearby Homes