Tower Plaza 555 E William St Unit 8G Ann Arbor, MI 48104
Downtown Ann Arbor Neighborhood
1
Bed
1
Bath
430
Sq Ft
$667/mo
HOA Fee
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 March 2025Nicely renovated North side Small One Bedroom unit. Full width panoramic windows fill the place with light. Updated kitchen has new white cabinets with granite countertops. New lux vinyl plank flooring. 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 base professional, senior, investor, weekender, or anyone looking for a reasonably priced downtown residence. Parking and on site rental management available.
Last Agent to Sell the Property
University Realty Associates License #6506037705 Listed on: 01/10/2025
Last Buyer's Agent
University Realty Associates License #6506037705 Listed on: 01/10/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,821
Year Built
- Built in 1969
HOA Fees
- $667 Monthly HOA Fees
Parking
- Parking Permit Required
Home Design
- Concrete Siding
Interior Spaces
- 430 Sq Ft Home
- 1-Story Property
- Laundry in Basement
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- 1 Full Bathroom
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) 997-3550
- Tower Plaza Condos
Amenities
- Meeting Room
- Laundry Facilities
- Community Storage Space
Additional Features
- Security
- Security Service
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 10, 2025
Closed on
Mar 17, 2025
Sold by
Lapin Michael and Lapin Jeffrey C
Bought by
Gipson Matthew and Gipson Alaina
Seller's Agent
Brian Tomsic
University Realty Associates
Buyer's Agent
Brian Tomsic
University Realty Associates
List Price
$239,000
Sold Price
$236,000
Premium/Discount to List
-$3,000
-1.26%
Total Days on Market
33
Views
36
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,403
Avg. Annual Appreciation
-1.56%
Purchase Details
Closed on
Jul 13, 2023
Sold by
Stephenson Robert B
Bought by
Lapin Michael and Wwmaa Llc
Purchase Details
Closed on
Jun 27, 2018
Sold by
Khan Shahid and Khan Farzana
Bought by
Stephenson Robert B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,200
Interest Rate
4.5%
Mortgage Type
New Conventional
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $236,600 | Preferred Title | |
| Warranty Deed | $236,600 | Preferred Title | |
| Warranty Deed | $195,000 | None Listed On Document | |
| Warranty Deed | $174,000 | Preferred Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $134,250 | New Conventional | |
| Previous Owner | $139,200 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/17/2025 03/17/25 | Sold | $236,000 | -1.3% | $549 / Sq Ft |
| 02/12/2025 02/12/25 | Pending | -- | -- | -- |
| 01/10/2025 01/10/25 | For Sale | $239,000 | -- | $556 / Sq Ft |
Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
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 | $5,608 | $95,300 | $0 | $0 |
| 2024 | $4,848 | $90,000 | $0 | $0 |
| 2023 | $4,351 | $83,300 | $0 | $0 |
| 2022 | $5,388 | $82,800 | $0 | $0 |
| 2021 | $5,236 | $79,500 | $0 | $0 |
| 2020 | $5,071 | $77,500 | $0 | $0 |
| 2019 | $4,948 | $77,800 | $77,800 | $0 |
| 2018 | $3,407 | $73,800 | $0 | $0 |
| 2017 | $3,099 | $71,900 | $0 | $0 |
| 2016 | $3,020 | $48,810 | $0 | $0 |
| 2015 | $2,896 | $48,665 | $0 | $0 |
| 2014 | $2,896 | $47,145 | $0 | $0 |
| 2013 | -- | $47,145 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
B
Seller's Agent in 2025
Brian Tomsic
University Realty Associates
About Tower Plaza
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 25001199
APN: 09-29-401-097
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