NOT LISTED FOR SALE

Tower Plaza 555 E William St Unit 9B Ann Arbor, MI 48104

Downtown Ann Arbor Neighborhood

Estimated Value: $205,806 - $254,000

-- Bed
1 Bath
396 Sq Ft
$541/mo HOA Fee

Last Sold July 01, 2022

Last sale price $182,000 $460 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,049/month

7 Days on Market

Highlights

  • Meeting Room
  • Ceramic Tile Flooring
  • Hot Water Heating System
  • Bach Elementary School Rated A
  • Central Air
  • 4-minute walk to Liberty Plaza

About This Home

As of July 2022

This one checks all the boxes! Beautifully renovated 9th floor South side Large Studio, tastefully updated with modern white cabinets and granite countertops in kitchen & bath, great peninsula eating space, updated bathroom tile, lux vinyl tile look flooring, stainless appliances, stackable washer/dryer, closet systems, Hunter Douglas electric blinds, lighting, doors all updated, much more. 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. Th is is a perfect home for student, downtown based professional, senior, investor, weekender, or anyone looking for a reasonably priced downtown residence. NOTE: SELLERS ASKING FOR HIGHEST BEST BEST OFFER BY 6PM FRIDAY, 4/29

Last Agent to Sell the Property

Brian Tomsic

University Realty Associates License #6506037705 Listed on: 04/25/2022

Last Buyer's Agent

Brian Tomsic

University Realty Associates License #6506037705 Listed on: 04/25/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,021

Year Built

  • Built in 1969

HOA Fees

  • $541 Monthly HOA Fees

Interior Spaces

  • 1 Full Bathroom
  • 396 Sq Ft Home
  • Window Treatments

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Laundry

  • Laundry on main level
  • Dryer
  • Washer

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
  • Community Storage Space

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,021

Year Built

Built in 1969

Lot Details

0

HOA Fees

$541 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
  • OfficeContract Info:List PriceSqFt2: 452.02
  • General Property Info:New Construction2: No
  • General Property Info:Basement: No
  • General Property Info:Total Fin SqFt All Levels: 396.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 4021.0
  • Tax Info:Zoning3: C2AR
  • Air Conditioning:Central Air: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: 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
  • Appliances Microwave: Yes
  • Location Property Info:Subdivision2: Tower Plaza Condo
  • Heat Type:Heat Pump: Yes
  • General Property Info:SqFt Above Grade: 396.0
  • Additional Items:Carpet Floor: Yes
  • Additional Items:Tile 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: Dryer, Washer, Disposal, Dishwasher, Microwave, Oven, Range, Refrigerator
  • Interior Amenities: Ceramic Floor
  • Fireplace: No
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • LivingArea: 396.0
  • Window Features: Window Treatments
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes

Exterior Features

  • Construction Materials: Other
  • List Price: 179000.0
  • 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, Storage
  • Association Fee: 541.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Association Info:Approx Assoc Fee2: 541.0
  • Association Info:Assoc Fee Payable: Monthly
  • 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: 4021.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2022
Closed on
Jun 7, 2022
Sold by
Punch Jeffrey D
Bought by
Cordaro Thomas and Cordaro Dina
Seller's Agent
Brian Tomsic
University Realty Associates
Buyer's Agent
Brian Tomsic
University Realty Associates
List Price
$179,000
Sold Price
$182,000
Premium/Discount to List
$3,000
1.68%
Current Estimated Value
$221,952

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,952
Avg. Annual Appreciation
5.94%

Purchase Details

Closed on
Aug 24, 2018
Sold by
Punch Jeffrey D
Bought by
Punch Jeffrey D and Punch Margaret

Purchase Details

Listed on
Jun 17, 2017
Closed on
Nov 15, 2017
Sold by
Feder Zetta F and Feder Rachel E
Bought by
Punch Margaret and Punch Jeffrey D
Seller's Agent
Brian Tomsic
University Realty Associates
Buyer's Agent
Kendra Kerr
Keller Williams Ann Arbor Mrkt
List Price
$155,000
Sold Price
$151,000
Premium/Discount to List
-$4,000
-2.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.89%

Purchase Details

Closed on
May 30, 2007
Sold by
Lin Qun and Pan Ming
Bought by
Feder Zetta F and Feder Rachel E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,200
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 2005
Sold by
Gowda Mune and Gowda Sathya Mune
Bought by
Qun Lin and Pan Ming

Purchase Details

Closed on
Sep 9, 1999
Sold by
Song Chan Ho
Bought by
Brunious Loretta J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cordaro Thomas $182,000 None Listed On Document
Punch Jeffrey D -- None Available
Punch Margaret $151,000 Preferred Title
Feder Zetta F $154,000 None Available
Qun Lin $151,000 --
Brunious Loretta J $83,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Feder Zetta F $123,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/01/2022 07/01/22 Sold $182,000 +1.7% $460 / Sq Ft
05/02/2022 05/02/22 Pending -- -- --
04/25/2022 04/25/22 For Sale $179,000 +18.5% $452 / Sq Ft
11/17/2017 11/17/17 Sold $151,000 -2.6% $381 / Sq Ft View Prior Sale
11/01/2017 11/01/17 Pending -- -- --
06/17/2017 06/17/17 For Sale $155,000 -- $391 / 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 $4,088 $93,800 $0 $0
2024 $3,987 $88,900 $0 $0
2023 $3,676 $82,700 $0 $0
2022 $4,118 $82,200 $0 $0
2021 $4,021 $79,100 $0 $0
2020 $3,940 $77,300 $0 $0
2019 $3,766 $77,600 $77,600 $0
2018 $4,233 $74,400 $0 $0
2017 $4,225 $70,800 $0 $0
2016 $4,117 $66,543 $0 $0
2015 $3,948 $66,344 $0 $0
2014 $3,948 $64,800 $0 $0
2013 -- $64,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Tomsic

    Seller's Agent in 2022

    Brian Tomsic

    University Realty Associates

    (734) 646-6156

    90 in this area

    93 Total Sales

    Brian Tomsic
    Section Image
  • Kendra Kerr

    Buyer's Agent in 2017

    Kendra Kerr

    Keller Williams Ann Arbor Mrkt

    (734) 417-2310

    82 Total Sales

    Kendra Kerr
    Section Image
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About Tower Plaza

Map

Source: MichRIC

MLS Number: 54036

MichRIC

APN: 09-29-401-113

Michigan Washtenaw County Ann Arbor 48104 Downtown Ann Arbor

555 E William St Unit 9B, Ann Arbor, MI

Not Listed for Sale

Condos

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