NOT LISTED FOR SALE

Tower Plaza 555 E William St Unit 5C Ann Arbor, MI 48104

Downtown Ann Arbor Neighborhood

Estimated Value: $255,000 - $280,000

1 Bed
1 Bath
600 Sq Ft
$781/mo HOA Fee

Last Sold July 15, 2022

Last sale price $225,000 $375 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,696/month

73 Days on Market

Highlights

  • Accessible Entrance
  • Lobby
  • Forced Air Heating and Cooling System
  • Bach Elementary School Rated A
  • 1-Story Property
  • 4-minute walk to Liberty Plaza

About This Home

As of July 2022

Welcome home!!
Beautiful Condo ready to move in located on the Fifth Floor of the Tower Plaza in the heart of Ann Arbor Downtown. Perfect For Students & Professionals. One Big Bedroom with an updated Kitchen and Bathroom. Wood Floor, on-site Laundry, Sound Proof Walls & Great View of the downtown. All Appliances are included.

Last Agent to Sell the Property

Neal Parikh

Choice Real Estate Services License #6502341035 Listed on: 03/30/2022

Choice Real Estate Services

Last Buyer's Agent

Richard Marentette

Redfin Corporation License #RCO-6501417901

Redfin Corporation

Property Details

Home Type

  • Condominium

Est. Annual Taxes

Year Built

  • Built in 1969 | Remodeled in 2017

HOA Fees

  • $781 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Poured Concrete

Interior Spaces

  • 600 Sq Ft Home
  • 1-Story Property
  • Washer

Kitchen

  • Free-Standing Electric Oven
  • Free-Standing Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Accessible Home Design

  • Accessible Elevator Installed
  • Accessible Entrance

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Additional Features

  • Property fronts a private road
  • Upper level unit with elevator

Listing and Financial Details

  • Assessor Parcel Number 090929401064

Community Details

Overview

  • Kramer Management Association
  • High-Rise Condominium
  • Tower Plaza Condo Subdivision

Amenities

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,499

Year Built

Built in 1969 | Remodeled in 2017

Lot Details

0

HOA Fees

$781 per month

Listing Details

  • Property Type: Condominium
  • Architecture Style: Common Entry Building, High Rise
  • Architecture Level: 1 Story Up
  • Year Built: 1969
  • State Equalized Value: 84100.0000
  • Year Renovated: 2017
  • Accessibility Features: Accessible Elevator Installed, Accessible Entrance
  • Entry Location: Upper Level w/Elevator
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Room Count: 5
  • Total Bedrooms: 1
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Kitchen Appliances: Dishwasher, Disposal, Free-Standing Electric Oven, Free-Standing Electric Range, Free-Standing Refrigerator, Microwave, Washer
  • Sq Ft Combined: 600
  • Total Sq Ft: 600

Exterior Features

  • Foundation Details: Slab
  • Exclusions: Yes
  • Foundation Materials: Poured
  • Road Frontage Type: Private, Pub. Sidewalk

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • HOA Fee Includes: Security
  • Association Fee Frequency: Monthly
  • Association Fee: 781
  • Association Contact: kramer Management
  • Association Fee: Yes

Schools

  • School District: Ann Arbor

Lot Info

  • Parcel Number: 090929401064

Tax Info

  • Tax Amount Summer: 4251.0000
  • Tax Amount Winter: 1248.0000
  • Total Tax: 5499.0000
  • Taxable Value: 82539.0000

MLS Schools

  • School District: Ann Arbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2022
Closed on
Jul 15, 2022
Sold by
Achanaicker and Dhanalakshmi
Bought by
Qureshi Ehtasham and Rizvi Rehana
Seller's Agent
Neal Parikh
Choice Real Estate Services
Buyer's Agent
Richard Marentette
Redfin Corporation
Sold Price
$225,000
Total Days on Market
73
Current Estimated Value
$266,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,295
Avg. Annual Appreciation
6.03%
Original Mortgage
$168,750
Outstanding Balance
$146,139
Interest Rate
4.32%
Mortgage Type
New Conventional
Estimated Equity
$120,156

Purchase Details

Closed on
Jan 19, 2018
Sold by
Alghanem Fares and Alghanem Fadwa Salem
Bought by
Achanaicker Murugan and Murugan Dhanalakshmi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2010
Sold by
Olejniczak Olga
Bought by
Alghanem Fares

Purchase Details

Closed on
Jun 27, 2008
Sold by
Olejnickzak Edward
Bought by
Olejniczak Olga

Purchase Details

Closed on
Apr 20, 2007
Sold by
Greyson Mark E and Greyson Barbara M
Bought by
Olejniczak Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 25, 2002
Sold by
Pyo Hong Yeong and Hong Sang Hae
Bought by
Greyson Mark E and Greyson Barbara M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
4.25%
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
Qureshi Ehtasham $225,000 First American Title
Achanaicker Murugan $185,000 Liberty Title
Alghanem Fares $187,500 None Available
Olejniczak Olga -- None Available
Olejniczak Edward $195,000 Transnation Title
Greyson Mark E $170,000 American Title Co Washtenaw
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Qureshi Ehtasham $168,750
Previous Owner Achanaicker Murugan $133,000
Previous Owner Achanaicker Murugan $148,000
Previous Owner Olejniczak Edward $175,500
Previous Owner Greyson Mark E $114,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2022 07/15/22 Sold $225,000 -- $375 / Sq Ft
06/11/2022 06/11/22 Pending -- -- --
Source: Realcomp

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 $5,045 $98,100 $0 $0
2023 $4,659 $89,200 $0 $0
2022 $5,659 $88,500 $0 $0
2021 $5,499 $84,100 $0 $0
2020 $5,326 $81,400 $0 $0
2019 $5,209 $81,900 $81,900 $0
2018 $3,683 $73,800 $0 $0
2017 $3,618 $78,100 $0 $0
2016 $3,491 $72,352 $0 $0
2015 $3,324 $72,136 $0 $0
2014 $3,324 $70,300 $0 $0
2013 -- $70,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2022

    Neal Parikh

    Choice Real Estate Services

    (248) 767-1149

    1 in this area

    57 Total Sales

    Section Image
  • Richard Marentette

    Buyer's Agent in 2022

    Richard Marentette

    Redfin Corporation

    (248) 568-0994

    1 in this area

    38 Total Sales

    Section Image
See All Agents

About Tower Plaza

Map

Source: Realcomp

MLS Number: 2220020816

Realcomp

APN: 09-29-401-064

Michigan Washtenaw County Ann Arbor 48104 Downtown Ann Arbor

555 E William St Unit 5C, Ann Arbor, MI

This home is located at 555 E William St Unit 5C, Ann Arbor, MI 48104 since 30 March 2022 and is currently estimated at $266,295, approximately $443 per square foot. This property was built in 1969. 555 E William St Unit 5C is a home located in Washtenaw County with nearby schools including Bach Elementary School, Slauson Middle School, and Pioneer High School.

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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