NOT LISTED FOR SALE

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

Downtown Ann Arbor Neighborhood

Estimated Value: $189,157 - $208,000

Studio
1 Bath
383 Sq Ft
$525/ mo HOA Fee

Last Sold June 30, 2022

Last sale price $155,000 $405 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $1,955/month

45 Days on Market

Highlights

  • Elevator
  • Living Room
  • Dining Room
  • Bach Elementary School Rated A
  • Central Air
  • 4-minute walk to Liberty Plaza

About This Home

As of June 2022

Want to live downtown Ann Arbor to be able to walk to and enjoy nice restaurants, shops and events right next to you and around you? Then you should tour this studio in Tower Plaza. Nice light-filled Northside condo is on the 5th floor with wall-to-wall windows. Just one block from UM Campus in a quiet neighborhood. The building has 24/7 lobby security, soundproof walls, on-site laundry and extra storage in the basement plus maintenance staff. The kitchen and bathroom were updated within the last five years and painted within last year. This can be a perfect home for a student, downtown-based professional or anyone who is looking for a nice property downtown A2 for a very reasonable price!

Last Agent to Sell the Property

Nafisa Gero

NestEgg Properties License #6501419624 Listed on: 03/08/2022

NestEgg Properties

Co-Listed By

Maryann Ryan

The Charles Reinhart Company License #6501365890

Last Buyer's Agent

Martin Bouma

Keller Williams Ann Arbor Mrkt License #6501205750

Keller Williams Ann Arbor Mrkt

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1969

HOA Fees

  • $525 Monthly HOA Fees

Interior Spaces

  • 1 Full Bathroom
  • 383 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Living Room
  • Dining Room

Flooring

  • Carpet
  • Vinyl

Schools

  • Bach Elementary School
  • Slauson Middle School
  • Pioneer High School

Utilities

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

Community Details

Overview

  • Association fees include water, trash, snow removal, heat
  • Tower Plaza Condo Subdivision

Amenities

  • Laundry Facilities
  • Elevator
  • Community Storage Space

Property Details

Home Type

Condominium

Year Built

Built in 1969

Lot Details

0 Sq Ft Lot

HOA Fees

$525 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: 391.64
  • General Property Info:New Construction2: No
  • General Property Info:Basement: No
  • General Property Info:Total Fin SqFt All Levels: 383.0
  • General Property Info:Main Level Primary: No
  • Tax Info:Annual Property Tax: 4151.0
  • Tax Info:Zoning3: C2A/
  • Air Conditioning:Central Air: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Heat Type:Hot Water: Yes
  • Additional Items:Window Treatments: Yes
  • Location Property Info:Subdivision2: Tower Plaza Condo
  • Heat Type:Heat Pump: Yes
  • Additional Items:Elevator: Yes
  • General Property Info:SqFt Above Grade: 383.0
  • Assoc Amenities:Laundry: Yes
  • General Property Info Elementary School2: Bach Elementary School
  • General Property Info High School: Pioneer High School
  • General Property Info Middle School2: Slauson Middle School
  • General Property Info Garage YN: No
  • Flooring:Vinyl Floor: Yes
  • Flooring:Carpet Floor: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpet, Vinyl
  • Interior Amenities: Elevator
  • Fireplace: No
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • LivingArea: 383.0
  • Window Features: Window Treatments
  • General Property Info:Stories2: 1.0

Exterior Features

  • Construction Materials: Other
  • List Price: 150000.0
  • Lot Features: Sidewalk

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Laundry, Storage
  • Association Fee: 525.17
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Association Info:Approx Assoc Fee2: 525.17
  • Association Info:Assoc Fee Payable: Monthly
  • Assoc Amenities:Storage: Yes

Fee Information

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

Schools

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

Lot Info

  • Zoning Description: C2A/

Tax Info

  • Tax Annual Amount: 4151.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2022
Closed on
Jun 30, 2022
Sold by
Padbury Jr Allan D
Bought by
Padbury Allan D and Padbury William
Seller's Agent
Nafisa Gero
NestEgg Properties
Buyer's Agent
Martin Bouma
Keller Williams Ann Arbor Mrkt
List Price
$150,000
Sold Price
$155,000
Premium/Discount to List
$5,000
3.33%
Current Estimated Value
$201,539

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,539
Avg. Annual Appreciation
7.27%
Original Mortgage
$155,000
Outstanding Balance
$139,647
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$61,892

Purchase Details

Listed on
Apr 21, 2021
Closed on
Jul 14, 2021
Sold by
Khedr Mohamed and Ali Nuzhat
Bought by
Friedrich Deborah
Seller's Agent
Brian Tomsic
University Realty Associates
Buyer's Agent
Marty Turco
RE/MAX Platinum
List Price
$150,000
Sold Price
$150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.63%

Purchase Details

Listed on
Dec 10, 2019
Closed on
Feb 14, 2020
Sold by
555 E William Llc
Bought by
Khedr Mohamed and Ali Nuzhat
Seller's Agent
Brian Tomsic
University Realty Associates
Buyer's Agent
Brian Tomsic
University Realty Associates
List Price
$149,000
Sold Price
$145,000
Premium/Discount to List
-$4,000
-2.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.35%

Purchase Details

Closed on
Dec 30, 2013
Sold by
Khan Abdul Majid
Bought by
555 E William Llc

Purchase Details

Closed on
Aug 3, 2009
Sold by
Citizens Bank
Bought by
Khan Abdul Majid and Khan Sobia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
5.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2009
Sold by
Fregen Md Tosan A and Estate Of Augustine O Fregene
Bought by
Citizens Bank

Purchase Details

Closed on
Mar 5, 2009
Sold by
Fregene Augustine O
Bought by
Citizens Bank

Purchase Details

Closed on
Feb 19, 2009
Sold by
Fregene Augustine O and Tagin & Tagin Llc
Bought by
Citizens Bank
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
Padbury Allan D -- None Listed On Document
Padbury Allan D $155,000 None Listed On Document
Friedrich Deborah $150,000 Preferred Ttl Agcy Of Ann Ab
Khedr Mohamed $145,000 Preferred Ttl Agcy Of Ann Ab
555 E William Llc -- None Available
Khan Abdul Majid -- None Available
Khan Abdul Majid $105,000 None Available
Citizens Bank -- None Available
Citizens Bank -- None Available
Citizens Bank $300,000 None Available
Citizens Bank $975,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Padbury Allan D $155,000
Previous Owner Khan Abdul Majid $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2022 06/30/22 Sold $155,000 +3.3% $405 / Sq Ft
04/22/2022 04/22/22 Pending -- -- --
03/08/2022 03/08/22 For Sale $150,000 0.0% $392 / Sq Ft
07/30/2021 07/30/21 Sold $150,000 0.0% $392 / Sq Ft View Prior Sale
06/21/2021 06/21/21 Pending -- -- --
04/21/2021 04/21/21 For Sale $150,000 +3.4% $392 / Sq Ft
02/14/2020 02/14/20 Sold $145,000 -2.7% $379 / Sq Ft View Prior Sale
01/31/2020 01/31/20 Pending -- -- --
12/10/2019 12/10/19 For Sale $149,000 -- $389 / 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 $4,321 $85,100 $0 $0
2024 $3,582 $80,300 $0 $0
2023 $3,303 $74,300 $0 $0
2022 $3,754 $73,800 $0 $0
2021 $4,151 $70,800 $0 $0
2020 $4,089 $69,000 $0 $0
2019 $3,900 $69,300 $69,300 $0
2018 $3,826 $66,200 $0 $0
2017 $3,691 $65,200 $0 $0
2016 $3,597 $58,131 $0 $0
2015 $3,449 $57,958 $0 $0
2014 $3,449 $56,148 $0 $0
2013 -- $56,148 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2022

    Nafisa Gero

    NestEgg Properties

    Section Image
  • Maryann Ryan

    Seller Co-Listing Agent in 2022

    Maryann Ryan

    The Charles Reinhart Company

    (734) 645-2428

    4 in this area

    243 Total Sales

    Maryann Ryan
    Section Image
  • Martin Bouma

    Buyer's Agent in 2022

    Martin Bouma

    Keller Williams Ann Arbor Mrkt

    (734) 761-3060

    17 in this area

    729 Total Sales

    Martin Bouma
    Section Image
  • Brian Tomsic

    Seller's Agent in 2021

    Brian Tomsic

    University Realty Associates

    (734) 646-6156

    87 in this area

    90 Total Sales

    Brian Tomsic
    Section Image
  • Marty Turco

    Buyer's Agent in 2021

    Marty Turco

    RE/MAX Michigan

    (734) 474-1243

    3 in this area

    101 Total Sales

    Marty Turco
    Section Image
See All Agents

About Tower Plaza

Map

Source: MichRIC

MLS Number: 23112162

MichRIC

APN: 09-29-401-059

Michigan Washtenaw County Ann Arbor 48104 Downtown Ann Arbor

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

Not Listed for Sale

Condos

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.