NOT LISTED FOR SALE

Tower Plaza 555 E William St Unit 8L Ann Arbor, MI 48104

Downtown Ann Arbor Neighborhood

Estimated Value: $211,803 - $229,000

1 Bed
1 Bath
430 Sq Ft
$599/mo HOA Fee

Last Sold November 30, 2023

Last sale price $189,000 $440 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,119/month

2 Days on Market

Highlights

  • Meeting Room
  • Elevator
  • Ceramic Tile Flooring
  • Bach Elementary School Rated A
  • Security Service
  • 4-minute walk to Liberty Plaza

About This Home

As of November 2023

South side 8th floor Grand Studio floorplan with very nice updates. New Luxury vinyl plank flooring, renovated bathroom with contemporary white cabinets, granite countertop, new floor and surround tile, much more. Prime downtown location jus tone 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 based 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

Brian Tomsic

University Realty Associates License #6506037705 Listed on: 11/08/2023

Last Buyer's Agent

Sharon Weintraub

Cornerstone Real Estate License #6501303930

Cornerstone Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,306

Year Built

  • Built in 1969

Lot Details

  • 610

HOA Fees

  • $599 Monthly HOA Fees

Interior Spaces

  • 1 Full Bathroom
  • 430 Sq Ft Home
  • Window Treatments
  • Laundry on main level

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Ceramic Tile
  • Vinyl

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Hot Water Heating System
  • Cable TV Available

Community Details

Overview

  • Association fees include water, trash, snow removal, sewer, lawn/yard care, heat
  • Tower Plaza Condo Subdivision

Amenities

  • Meeting Room
  • Laundry Facilities
  • Elevator
  • Community Storage Space

Additional Features

  • Security
  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,306

Year Built

Built in 1969

Lot Details

0

HOA Fees

$599 per month

Listing Details

  • Property Sub-Type: Condominium
  • Property Type: Residential
  • New Construction: No
  • Year Built: 1969
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Condominium
  • General Property Info:New Construction2: No
  • General Property Info:Basement: No
  • General Property Info:Total Fin SqFt All Levels: 430.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 4306.0
  • Tax Info:Zoning3: C2AR
  • Air Conditioning:Central Air: Yes
  • Appliances Refrigerators: Yes
  • Utilities Attached:Cable: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Heat Type:Hot Water: Yes
  • Additional Items:Ceramic Floor: Yes
  • Additional Items:Window Treatments: Yes
  • Location Property Info:Subdivision2: Tower Plaza Condo
  • Additional Items:Laminate Floor: Yes
  • Heat Type:Heat Pump: Yes
  • Additional Items:Elevator: Yes
  • General Property Info:SqFt Above Grade: 430.0
  • Additional Items:Tile Floor: Yes
  • Additional Items:Vinyl Floor: Yes
  • Assoc Amenities:Laundry: Yes
  • General Property Info Elementary School2: Bach
  • General Property Info High School: Pioneer
  • General Property Info Middle School2: Slauson
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Disposal, Dishwasher, Oven, Range, Refrigerator
  • Interior Amenities: Ceramic Floor, Elevator, Laminate Floor
  • Fireplace: No
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • LivingArea: 430.0
  • Window Features: Window Treatments
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes

Exterior Features

  • Construction Materials: Other
  • List Price: 189000.0
  • Lot Features: Sidewalk

Garage/Parking

  • Garage: No
  • Garage:Garage2: No

Utilities

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

Condo/Co-op/Association

  • Association Amenities: Laundry, Meeting Room, Security, Storage
  • Association Fee: 599.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Association Info:Approx Assoc Fee2: 599.0
  • Association Info:Assoc Fee Payable: Monthly
  • Assoc Amenities:Security: Yes
  • Assoc Amenities:Storage: Yes
  • Assoc Amenities:Meeting Room: Yes

Fee Information

  • Association Fee Includes: Water, Trash, Snow Removal, Sewer, Lawn/Yard Care, Heat

Schools

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

Lot Info

  • Zoning Description: C2AR
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4306.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2023
Closed on
Nov 30, 2023
Sold by
Patel Mira Bharat and Patel Mickinch Paresh
Bought by
Pnmm 1 Llc
Seller's Agent
Brian Tomsic
University Realty Associates
Buyer's Agent
Sharon Weintraub
Cornerstone Real Estate
List Price
$189,000
Sold Price
$189,000
Views
30
Current Estimated Value
$220,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,701
Avg. Annual Appreciation
8.46%

Purchase Details

Listed on
Jan 7, 2020
Closed on
Nov 25, 2020
Sold by
Dg Venture Llc
Bought by
Patel Mira Bharat and Patel Mickinch Paresh
Seller's Agent
Brian Tomsic
University Realty Associates
Buyer's Agent
No Member
Non Member Sales
List Price
$157,500
Sold Price
$147,000
Premium/Discount to List
-$10,500
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.71%

Purchase Details

Closed on
Sep 14, 2011
Sold by
Sy Daphne A
Bought by
Dg Venture Llc

Purchase Details

Closed on
Jun 30, 2011
Sold by
Sy Guat S and Sy Dionisia A
Bought by
Dg Venture Llc

Purchase Details

Closed on
Jun 9, 2005
Sold by
Batmanghelichi Massoud and Batmanghelichi Olivia
Bought by
Sy Guat S and Sy Dionisia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
5.82%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
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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
Pnmm 1 Llc $189,000 Preferred Title
Pnmm 1 Llc $189,000 Preferred Title
Patel Mira Bharat $147,000 Preferred Ttl Agcy Of Ann Ab
Dg Venture Llc -- None Available
Dg Venture Llc -- None Available
Sy Guat S $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sy Guat S $116,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2023 11/30/23 Sold $189,000 0.0% $440 / Sq Ft
11/10/2023 11/10/23 Pending -- -- --
11/08/2023 11/08/23 For Sale $189,000 +28.6% $440 / Sq Ft
11/27/2020 11/27/20 Sold $147,000 -6.7% $342 / Sq Ft View Prior Sale
10/26/2020 10/26/20 Pending -- -- --
01/07/2020 01/07/20 For Sale $157,500 -- $366 / Sq Ft
Source: MichRIC

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
2025 $4,312 $95,300 $0 $0
2024 $4,848 $90,000 $0 $0
2023 $3,703 $83,300 $0 $0
2022 $4,177 $82,800 $0 $0
2021 $4,078 $79,500 $0 $0
2020 $4,738 $77,500 $0 $0
2019 $4,519 $77,800 $77,800 $0
2018 $4,434 $73,800 $0 $0
2017 $4,277 $71,900 $0 $0
2016 $4,168 $67,358 $0 $0
2015 $3,997 $67,157 $0 $0
2014 $3,997 $65,500 $0 $0
2013 -- $65,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Tomsic

    Seller's Agent in 2023

    Brian Tomsic

    University Realty Associates

    (734) 646-6156

    94 in this area

    97 Total Sales

    Brian Tomsic
    Section Image
  • Sharon Weintraub

    Buyer's Agent in 2023

    Sharon Weintraub

    Cornerstone Real Estate

    (734) 972-1190

    5 in this area

    28 Total Sales

    Sharon Weintraub
    Section Image

  • N

    Buyer's Agent in 2020

    No Member

    Non Member Sales

See All Agents

About Tower Plaza

Map

Source: MichRIC

MLS Number: 23129925

MichRIC

APN: 09-29-401-103

Michigan Washtenaw County Ann Arbor 48104 Downtown Ann Arbor

555 E William St Unit 8L, Ann Arbor, MI

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MichRIC Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

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