NOT LISTED FOR SALE

Tower Plaza 555 E William St Unit 24E Ann Arbor, MI 48104

Downtown Ann Arbor Neighborhood

Estimated Value: $187,000 - $229,000

Studio
1 Bath
383 Sq Ft
1969 Built

Sale Details

Date Sold: April 2, 2025

Last sale price $223,000 $582 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,254 / mo

77 Days on Market

Highlights

  • Meeting Room
  • Security Service
  • Central Air
  • Bach Elementary School Rated A
  • Laundry Room
  • 4-minute walk to Liberty Plaza

About This Home

As of April 2025

Recently renovated 24th floor Studio unit with amazing view of downtown Ann Arbor and the river valley beyond. Stylish white cabinets and granite countertops in both kitchen & bath. 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 & on site rental management available.

Last Agent to Sell the Property

Brian Tomsic

University Realty Associates License #6506037705 Listed on: 12/05/2024

Last Buyer's Agent

Judie Wu

The Charles Reinhart Company License #6501380541

The Charles Reinhart Company

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1969

HOA Fees

  • $594 Monthly HOA Fees

Parking

  • Parking Permit Required

Interior Spaces

  • 1 Full Bathroom
  • 383 Sq Ft Home
  • 1-Story Property
  • Laundry in Basement

Laundry

  • Laundry Room
  • Laundry on main level

Utilities

  • Central Air
  • Heat Pump System
  • Hot Water Heating System

Community Details

Overview

  • Association fees include water, trash, snow removal, sewer, heat
  • Association Phone (734) 973-5500
  • Tower Plaza Condos

Amenities

  • Meeting Room
  • Laundry Facilities
  • Community Storage Space

Additional Features

  • Security
  • Security Service

Property Details

Home Type

Condominium

Year Built

Built in 1969

Lot Details

0 Sq Ft Lot

HOA Fees

$594 per month

Listing Details

  • Property Sub-Type: Condominium
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Other
  • Stories: 1
  • Year Built: 1969
  • Location Property Info:Property Sub-Type: Condominium
  • OfficeContract Info:List PriceSqFt2: 587.47
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 0
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • General Property Info:Total Fin SqFt All Levels: 383.0
  • General Property Info:Main Level Primary: Yes
  • Tax Info:Annual Property Tax: 8017.0
  • Tax Info:Zoning3: c2ar
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Heat Type:Hot Water: Yes
  • General Property Info:Condo Proj Name: tower plaza
  • Heat Type:Heat Pump: Yes
  • General Property Info:SqFt Above Grade: 383.0
  • Assoc Amenities:Laundry: Yes
  • Laundry Features Laundry Room: Yes
  • Laundry Features In Basement: Yes
  • Laundry Features Common Area: Yes
  • General Property Info Garage YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Fireplace: No
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Other
  • LivingArea: 383.0
  • General Property Info:Stories2: 1.0

Exterior Features

  • Construction Materials: Other
  • List Price: 225000.0
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Features: Permit Required
  • Parking Features:Permit Required: Yes

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Heat Pump, Hot Water
  • Heating: Yes
  • Laundry Features: Common Area, In Basement, Laundry Room
  • Sewer: Public
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Laundry, Meeting Room, Security, Storage
  • Association Fee: 594.0
  • Association Fee Frequency: Monthly
  • Association Phone: 734-973-5500
  • Association: Yes

Association/Amenities

  • Association Info:Approx Assoc Fee2: 594.0
  • Association Info:Assoc Fee Payable: Monthly
  • Assoc Amenities:Security: Yes
  • Assoc Amenities:Storage: Yes
  • Assoc Amenities:Meeting Room: Yes
  • Association Info:Association Phone: 7349735500

Fee Information

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

Lot Info

  • Lot Dimensions: 0
  • Zoning Description: c2ar

Tax Info

  • Tax Annual Amount: 8017.0
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2024
Closed on
Apr 2, 2025
Sold by
Cheung Leonard
Bought by
L & Z Rentals Llc
Seller's Agent
Brian Tomsic
University Realty Associates
Buyer's Agent
Judie Wu
The Charles Reinhart Company
List Price
$235,000
Sold Price
$223,000
Premium/Discount to List
-$12,000
-5.11%
Views
77
Current Estimated Value
$213,944

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,056
Avg. Annual Appreciation
-3.80%
Original Mortgage
$225,900
Outstanding Balance
$224,918
Interest Rate
6.76%
Mortgage Type
Construction
Estimated Equity
-$10,974

Purchase Details

Closed on
Jun 23, 2017
Sold by
Kiani Pourandokht
Bought by
Cheung Leonard

Purchase Details

Closed on
Apr 20, 2017
Sold by
Rhb Llc
Bought by
Kiani Pourandokht

Purchase Details

Closed on
Oct 23, 2006
Sold by
Rhb Llc
Bought by
Rhb #3 Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
L & Z Rentals Llc $223,000 Preferred Title
L & Z Rentals Llc $223,000 Preferred Title
Cheung Leonard $160,000 None Available
Kiani Pourandokht -- None Available
Rhb #3 Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open L & Z Rentals Llc $225,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2025 04/02/25 Sold $223,000 -0.9% $582 / Sq Ft
02/20/2025 02/20/25 Pending -- -- --
01/30/2025 01/30/25 Price Changed $225,000 -4.3% $587 / Sq Ft
12/05/2024 12/05/24 For Sale $235,000 -- $614 / 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 $6,391 $120,700 $0 $0
2024 $7,399 $115,900 $0 $0
2023 $7,399 $109,900 $0 $0
2022 $7,261 $109,400 $0 $0
2021 $7,067 $106,500 $0 $0
2020 $6,844 $104,600 $0 $0
2019 $6,636 $105,000 $105,000 $0
2018 $6,511 $101,900 $0 $0
2017 $2,554 $86,600 $0 $0
2016 $1,988 $40,228 $0 $0
2015 $2,387 $40,108 $0 $0
2014 $2,387 $38,856 $0 $0
2013 -- $38,856 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Tomsic

    Seller's Agent in 2025

    Brian Tomsic

    University Realty Associates

    (734) 646-6156

    84 in this area

    87 Total Sales

    Brian Tomsic
    Section Image
  • Judie Wu

    Buyer's Agent in 2025

    Judie Wu

    The Charles Reinhart Company

    (734) 546-6140

    9 in this area

    188 Total Sales

    Judie Wu
    Section Image
See All Agents

About Tower Plaza

Map

Source: MichRIC

MLS Number: 24061938

MichRIC

APN: 09-29-401-285

Michigan Washtenaw County Ann Arbor 48104 Downtown Ann Arbor

555 E William St Unit 24E, 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 2026 MichRIC, LLC. All rights reserved.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.