NOT LISTED FOR SALE

Estimated Value: $225,000 - $243,000

-- Bed
1 Bath
383 Sq Ft
$533/mo HOA Fee

Last Sold January 12, 2024

Last sale price $217,500 $568 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,268/month

2 Days on Market

Highlights

  • Meeting Room
  • Breakfast Area or Nook
  • Central Air
  • Bach Elementary School Rated A
  • Ceramic Tile Flooring
  • 4-minute walk to Liberty Plaza

About This Home

As of January 2024

Welcome to downtown Ann Arbor living at its finest! Explore the vibrant city lifestyle from this newly updated studio condo in Tower Plaza. Perched on the 25th floor, this light-filled North side unit offers picturesque views through its expansive wall-to-wall windows.
Immerse yourself in the heart of the action, just one block from the University of Michigan Campus, surrounded by a wealth of restaurants, shops, and exciting events.
Additional perks include 24/7 lobby security, extra storage in the basement and on-site laundry facilities for convenience, also a dedicated maintenance staff to address your needs promptly.
Step inside, and you'll discover a condo that has been thoughtfully updated within last year. Revel in the modern ambiance created by a new kitchen (cabinets, all appliances and countertops) and laminate flooring throughout.
This property is Ideal for a student, downtown-based professional, or anyone seeking a remarkable property in downtown Ann Arbor at an attractive price point, this condo is a perfect blend of style, convenience, and affordability. Don't miss the opportunity to make this downtown haven your new home! Schedule a tour today to experience the allure of Tower Plaza living. Last Picture are the views you can enjoy once you move in (taken by the owner).

Last Listed By

Nafisa Gero

NestEgg Properties License #6501419624 Listed on: 12/11/2023

NestEgg Properties

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1969

HOA Fees

  • $533 Monthly HOA Fees

Interior Spaces

  • 1 Full Bathroom
  • 383 Sq Ft Home
  • Insulated Windows
  • Window Treatments
  • Laundry on lower level
  • Basement

Kitchen

  • Breakfast Area or Nook
  • Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Ceramic Tile

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

Community Details

Overview

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

Amenities

  • Meeting Room
  • Laundry Facilities
  • Community Storage Space

Property Details

Home Type

Condominium

Year Built

Built in 1969

Lot Details

0

HOA Fees

$533 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, Cook Top, Dishwasher, Freezer, Microwave, Refrigerator
  • Interior Amenities: Ceramic Floor, Laminate Floor
  • Fireplace: No
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Other
  • LivingArea: 383.0
  • Window Features: Insulated Windows, Window Treatments
  • Kitchen Features:Breakfast Nook: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Cook Top: Yes
  • Appliances:Freezer: Yes

Exterior Features

  • Construction Materials: Other
  • List Price: 200000.0
  • Lot Features: Sidewalk
  • Road Surface Type: Paved
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Garage: No
  • Garage:Garage2: No

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Hot Water, Heat Pump, Natural Gas
  • Heating: Yes
  • Laundry Features: Common Area, Lower Level
  • Sewer: Public Sewer
  • Utilities: Storm Sewer Available, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Laundry, Meeting Room, Storage
  • Association Fee: 533.0
  • Association Fee Frequency: Monthly
  • Association Phone: 734-973-5500
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Association Info:Approx Assoc Fee2: 533.0
  • Association Info:Assoc Fee Payable: Monthly
  • Assoc Amenities:Storage: Yes
  • Assoc Amenities:Meeting Room: Yes
  • Association Info:Association Phone: (734)973 5500

Fee Information

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

Schools

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

Lot Info

  • Lot Dimensions: 0
  • Zoning Description: D1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5787.97
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2023
Closed on
Jan 12, 2024
Sold by
Friedrich Deborah
Bought by
Scovera Adam
Seller's Agent
Nafisa Gero
NestEgg Properties
List Price
$200,000
Sold Price
$217,500
Premium/Discount to List
$17,500
8.75%
Total Days on Market
2
Views
17
Current Estimated Value
$232,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,543
Avg. Annual Appreciation
4.99%
Original Mortgage
$206,625
Outstanding Balance
$203,953
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$28,090

Purchase Details

Listed on
Feb 27, 2022
Closed on
Mar 16, 2022
Sold by
Marie Thompson
Bought by
Friedrich Deborah
Seller's Agent
Brian Tomsic
University Realty Associates
Buyer's Agent
Maryann Ryan
The Charles Reinhart Company
List Price
$198,000
Sold Price
$178,095
Premium/Discount to List
-$19,905
-10.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.68%

Purchase Details

Closed on
Apr 20, 2012
Sold by
Washtenaw County Treasurer
Bought by
Thompson Marie

Purchase Details

Closed on
Dec 4, 2008
Sold by
Thompson Michael
Bought by
Thompson Marie

Range of Values:

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Average Value
Not Available
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
Scovera Adam $217,500 None Listed On Document
Friedrich Deborah $178,095 Preferred Title
Thompson Marie $783 None Available
Thompson Marie -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scovera Adam $206,625
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2024 01/12/24 Sold $217,500 +8.8% $568 / Sq Ft
12/08/2023 12/08/23 For Sale $200,000 +12.3% $522 / Sq Ft
03/21/2022 03/21/22 Sold $178,095 -10.1% $465 / Sq Ft
03/07/2022 03/07/22 Pending -- -- --
02/27/2022 02/27/22 For Sale $198,000 -- $517 / 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 $5,390 $117,800 $0 $0
2023 $5,788 $111,800 $0 $0
2022 $2,655 $111,300 $0 $0
2021 $2,921 $108,300 $0 $0
2020 $2,829 $106,500 $0 $0
2019 $2,699 $106,800 $106,800 $0
2018 $2,648 $103,700 $0 $0
2017 $2,554 $87,700 $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

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23144017

Southwestern Michigan Association of REALTORS®

APN: 09-29-401-299