NOT LISTED FOR SALE

Tower Plaza 555 E William St Unit 7B Ann Arbor, MI 48104

Downtown Ann Arbor Neighborhood

Estimated Value: $190,000 - $216,000

1 Bed
1 Bath
395 Sq Ft
$550/mo HOA Fee

Last Sold October 06, 2023

Last sale price $180,000 $456 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,020/month

19 Days on Market

Highlights

  • Wood Flooring
  • Elevator
  • Central Air
  • Bach Elementary School Rated A
  • Home Security System
  • 4-minute walk to Liberty Plaza

About This Home

As of October 2023

Welcome to Tower Plaza, Ann Arbor's original downtown high rise building. Enjoy the convenience of urban living in this iconic studio apartment style condo, located just one block from UM central campus, Law School and Ross School of Business and a short walk to Main Street's shops and restaurants. The unit is south facing with abundant natural light and great views of the city. Updates include beautiful red oak plank flooring throughout and a new electric panel and dishwasher. HOA provides on-site maintenance, 24 hour security, water, trash pick up and snow removal. There is an in building laundry room as well as storage lockers and a community lounge. Parking can be leased in the parking structure right next door based on availability. All this can be yours at such an affordable pr price!

Last Agent to Sell the Property

Nadine Alpern

The Charles Reinhart Company License #6501348504 Listed on: 08/31/2023

The Charles Reinhart Company

Last Buyer's Agent

David Homyak

eXp Realty, LLC License #6501419380

eXp Realty, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,072

Year Built

  • Built in 1969

Lot Details

  • Private Entrance

HOA Fees

  • $550 Monthly HOA Fees

Interior Spaces

  • 395 Sq Ft Home
  • Window Treatments
  • Home Security System
  • Laundry on lower level

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 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
  • Tower Plaza Condo Subdivision

Amenities

  • Elevator
  • Community Storage Space

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,072

Year Built

Built in 1969

Lot Details

0

HOA Fees

$550 per month

Listing Details

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

Interior Features

  • Appliances: Disposal, Dishwasher, Oven, Range, Refrigerator
  • Interior Amenities: Ceramic Floor, Elevator, Security System, Wood Floor
  • Fireplace: No
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • LivingArea: 395.0
  • Window Features: Window Treatments
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes

Exterior Features

  • Construction Materials: Other
  • List Price: 185000.0
  • Lot Features: Sidewalk

Garage/Parking

  • Garage: No
  • Garage:Garage2: No

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Storage
  • Association Fee: 550.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Association Info:Approx Assoc Fee2: 550.0
  • Association Info:Assoc Fee Payable: Monthly
  • General Property Info:Association Contact: 248.888.4700
  • Assoc Amenities:Storage: Yes

Fee Information

  • Association Fee Includes: Water, Trash, Snow Removal

Schools

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

Lot Info

  • Zoning Description: D1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4072.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2023
Closed on
Oct 9, 2023
Sold by
Davis-Kean Greg
Bought by
Davis-Kean Tyler
Seller's Agent
Nadine Alpern
The Charles Reinhart Company
Buyer's Agent
David Homyak
eXp Realty, LLC
List Price
$185,000
Sold Price
$180,000
Premium/Discount to List
-$5,000
-2.7%
Total Days on Market
19
Current Estimated Value
$205,358

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,358
Avg. Annual Appreciation
8.22%

Purchase Details

Listed on
Aug 31, 2023
Closed on
Oct 6, 2023
Sold by
Strickland Roy
Bought by
Davis-Kean Greg
Seller's Agent
Nadine Alpern
The Charles Reinhart Company
Buyer's Agent
David Homyak
eXp Realty, LLC
List Price
$185,000
Sold Price
$180,000
Premium/Discount to List
-$5,000
-2.7%

Purchase Details

Listed on
Jan 21, 2018
Closed on
Apr 30, 2018
Sold by
King John Wing King Ng Kwing
Bought by
Strickland Roy
Seller's Agent
Brian Tomsic
University Realty Associates
Buyer's Agent
Brian Tomsic
University Realty Associates
List Price
$155,000
Sold Price
$150,000
Premium/Discount to List
-$5,000
-3.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.41%

Purchase Details

Closed on
Mar 23, 2009
Sold by
Marathon Limited Partnership
Bought by
King John Wing and King Ng Kwing
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
Davis-Kean Tyler -- None Listed On Document
Davis-Kean Greg $180,000 None Listed On Document
Strickland Roy $150,000 Freferred Title Agency Of A
King John Wing $140,000 American Title Company Of Wa
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2023 10/06/23 Sold $180,000 -2.7% $456 / Sq Ft
09/19/2023 09/19/23 Pending -- -- --
08/31/2023 08/31/23 For Sale $185,000 +23.3% $468 / Sq Ft
04/30/2018 04/30/18 Sold $150,000 -3.2% $379 / Sq Ft
03/21/2018 03/21/18 Pending -- -- --
01/21/2018 01/21/18 For Sale $155,000 -- $391 / 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 $3,907 $85,100 $0 $0
2023 $3,507 $78,900 $0 $0
2022 $3,916 $78,400 $0 $0
2021 $3,823 $75,400 $0 $0
2020 $3,746 $73,500 $0 $0
2019 $3,648 $73,800 $73,800 $0
2018 $3,305 $70,600 $0 $0
2017 $4,083 $68,600 $0 $0
2016 $3,978 $64,301 $0 $0
2015 $3,815 $64,109 $0 $0
2014 $3,815 $62,500 $0 $0
2013 -- $62,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nadine Alpern

    Seller's Agent in 2023

    Nadine Alpern

    The Charles Reinhart Company

    (734) 669-5841

    1 in this area

    19 Total Sales

    Nadine Alpern
    Section Image

  • D

    Buyer's Agent in 2023

    David Homyak

    eXp Realty, LLC

    (248) 830-3696

    1 in this area

    6 Total Sales

    Section Image
  • Brian Tomsic

    Seller's Agent in 2018

    Brian Tomsic

    University Realty Associates

    (734) 646-6156

    102 in this area

    105 Total Sales

    Brian Tomsic
    Section Image
See All Agents

About Tower Plaza

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23127758

Southwestern Michigan Association of REALTORS®

APN: 09-29-401-089

Michigan Washtenaw County Ann Arbor 48104 Downtown Ann Arbor

555 E William St Unit 7B, Ann Arbor, MI

This home is located at 555 E William St Unit 7B, Ann Arbor, MI 48104 since 31 August 2023 and is currently estimated at $205,358, approximately $519 per square foot. This property was built in 1969. 555 E William St Unit 7B is a home located in Washtenaw County with nearby schools including Bach Elementary School, Slauson Middle School, and Pioneer High School.

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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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