NOT LISTED FOR SALE

Estimated Value: $290,000 - $307,000

1 Bed
1 Bath
596 Sq Ft
$820/mo HOA Fee

Last Sold July 06, 2022

Last sale price $262,000 $440 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,958/month

44 Days on Market

Highlights

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

About This Home

As of July 2022

Tower Plaza Condominium #20i. Prime downtown location just one block from UM Campus. Northeast corner unit on 20th floor with magnificent view of downtown Ann Arbor. Large One Bedroom floorplan. Beautiful recent renovation includes stainless appliances, hardwood floors, windows and new heating and cooling units. Oak inlay kitchen cabinets with granite countertops. Single handle pull-down sprayer kitchen faucet. Vertical blinds. Mirrored closet doors in bedroom and foyer. Custom bathroom vanity with granite top, white vessel sink and waterfall faucet. Tiled shower/bath and bidet toilet seat. Adequate-sized bedroom with room for a desk at the East-facing window. Keyless entry. Other units with this floorplan have opened the kitchen to the living and dining space. Quiet, secure building has has 24-hour lobby security, soundproof walls, on site laundry, storage and on-site maintenance staff. Short term & long-term parking in the Maynard St parking structure can be leased as it becomes available. Ideal home for student, UM professor, senior, downtown-based business owners/employees or anyone who just wants to enjoy the events and culture of Ann Arbor. One of the most affordable properties to live in downtown Ann Arbor.

Last Agent to Sell the Property

Michael Price

Key Realty One License #6501273091 Listed on: 05/14/2022

Key Realty One

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,586

Year Built

  • Built in 1969

Lot Details

  • End Unit

HOA Fees

  • $820 Monthly HOA Fees

Interior Spaces

  • 596 Sq Ft Home
  • Window Treatments
  • Home Security System

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
  • Heating System Uses Natural Gas
  • 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

Amenities

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

Additional Features

  • Security
  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,586

Year Built

Built in 1969

Lot Details

0

HOA Fees

$820 per month

Listing Details

  • Property Sub-Type: Condominium
  • Property Type: Residential
  • New Construction: No
  • Year Built: 1969
  • ResoPropertyType: Residential
  • Appliances Refrigerators: Yes
  • Appliances Microwave: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Disposal, Dishwasher, Microwave, Oven, Range, Refrigerator
  • Interior Amenities: Ceramic Floor, Elevator, Security System, 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

  • Common Walls: End Unit
  • Construction Materials: Other
  • List Price: 269000.0
  • Lot Features: Sidewalk, Site Condo

Garage/Parking

  • Garage: No
  • Garage:Garage2: No

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Laundry, Meeting Room, Security, Storage
  • Association Fee: 820.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Association Info:Approx Assoc Fee2: 820.0
  • Association Info:Assoc Fee Payable: Monthly
  • General Property Info:Association Contact: (248) 888-4700
  • Assoc Amenities:End Unit: Yes
  • 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

  • Zoning Description: C2AR
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5586.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2022
Closed on
Jul 6, 2022
Sold by
Kory Josef S
Bought by
Kory Josef S and Kory Bethleza
Seller's Agent
Michael Price
Key Realty One
List Price
$269,000
Sold Price
$262,000
Premium/Discount to List
-$7,000
-2.6%
Current Estimated Value
$298,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,440
Avg. Annual Appreciation
4.58%

Purchase Details

Listed on
May 26, 2017
Closed on
Jul 26, 2017
Sold by
Gordon Franklin L and Gordon Karen S
Bought by
Borenstein Nathaniel S and Borenstein Trina R
Seller's Agent
Brian Tomsic
University Realty Associates
Buyer's Agent
Michael Price
Key Realty One
List Price
$245,000
Sold Price
$240,000
Premium/Discount to List
-$5,000
-2.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.80%
Original Mortgage
$180,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2006
Sold by
Kashef Minuchehr
Bought by
Gordon Franklin L and Gordon Karen S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Kory Josef S -- None Listed On Document
Kory Josef S $262,000 None Listed On Document
Borenstein Nathaniel S $240,000 Preferred Title
Gordon Franklin L $235,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Borenstein Nathaniel S $180,000
Previous Owner Gordon Franklin L $188,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2022 07/06/22 Sold $262,000 -2.6% $440 / Sq Ft
06/27/2022 06/27/22 Pending -- -- --
05/14/2022 05/14/22 For Sale $269,000 0.0% $451 / Sq Ft
06/09/2021 06/09/21 Rented $1,650 -17.5% --
06/09/2021 06/09/21 Under Contract -- -- --
08/12/2020 08/12/20 For Rent $2,000 0.0% --
08/31/2019 08/31/19 Rented $2,000 0.0% --
08/01/2019 08/01/19 Under Contract -- -- --
05/31/2018 05/31/18 For Rent $2,000 0.0% --
08/10/2017 08/10/17 Sold $240,000 -2.0% $403 / Sq Ft
06/14/2017 06/14/17 Pending -- -- --
05/26/2017 05/26/17 For Sale $245,000 -- $411 / 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
2024 $5,655 $126,200 $0 $0
2023 $5,214 $117,300 $0 $0
2022 $5,665 $116,600 $0 $0
2021 $5,531 $112,200 $0 $0
2020 $5,419 $109,600 $0 $0
2019 $5,897 $110,000 $110,000 $0
2018 $6,511 $101,900 $0 $0
2017 $5,688 $95,000 $0 $0
2016 $4,426 $89,573 $0 $0
2015 $5,315 $89,306 $0 $0
2014 $5,315 $87,200 $0 $0
2013 -- $87,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23089924

Southwestern Michigan Association of REALTORS®

APN: 09-29-401-243