NOT LISTED FOR SALE

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

Downtown Ann Arbor Neighborhood

Estimated Value: $207,307 - $259,000

-- Bed
1 Bath
383 Sq Ft
$525/mo HOA Fee

Last Sold April 03, 2023

Last sale price $182,000 $475 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,054/month

18 Days on Market

Highlights

  • Elevator
  • 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 April 2023

Ideal urban living in the tallest building in Ann Arbor, Tower Plaza condominium. Located in prime downtown location. One block from the University of Michigan main campus. This studio unit on the 9th floor offers Southern views overlooking central campus. The kitchen has white cabinets, new laminate flooring, and newer appliances. The bathroom has a white vanity, new toilet and ceramic tile floor. Updates include new electrical panel and newer carpet. Building has soundproof walls and 24 hour lobby security. HOA includes water and on site maintenance. Building postal and delivery service. The main level lounge is perfect for hosting guests. There is on-site laundry and storage unit in basement. Perfect location for downtown based professionals, students, investors and a convenient week weekend getaway for out of towners. Enjoy Ann Arbor events, restaurants and entertainment all within walking distance. This unit location offers an attractive value for downtown Ann Arbor living. Parking can be leased as it becomes available. This unit is rented through 7/31/2023.

Last Agent to Sell the Property

Lyla Icaza

The Charles Reinhart Company License #6501267241 Listed on: 03/02/2023

The Charles Reinhart Company

Last Buyer's Agent

Tyler Baker

Baker Cowan Group LLC License #6501397725

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1969

Lot Details

  • 392

HOA Fees

  • $525 Monthly HOA Fees

Home Design

  • 383 Sq Ft Home
  • Brick Exterior Construction

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

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

Additional Features

  • 1 Full Bathroom
  • Laundry on lower level

Community Details

Overview

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

Amenities

  • Laundry Facilities
  • Elevator
  • Community Storage Space

Property Details

Home Type

Condominium

Year Built

Built in 1969

Lot Details

0

HOA Fees

$525 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: 383.0
  • General Property Info:Main Level Primary: No
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 5319.0
  • Tax Info:Zoning3: RES
  • Air Conditioning:Central Air: Yes
  • Appliances Refrigerators: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Heat Type:Hot Water: Yes
  • Additional Items:Ceramic Floor: Yes
  • Appliances Microwave: 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: 383.0
  • Additional Items:Carpet Floor: Yes
  • Additional Items:Tile Floor: Yes
  • Assoc Amenities:Laundry: Yes
  • Laundry Features Lower Level: 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: Dishwasher, Microwave, Oven, Range, Refrigerator
  • Interior Amenities: Ceramic Floor, Elevator, Laminate Floor
  • Fireplace: No
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • LivingArea: 383.0
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes

Exterior Features

  • Construction Materials: Brick
  • List Price: 182000.0
  • Lot Features: Sidewalk, Site Condo
  • Exterior Material:Brick: Yes

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: Natural Gas Connected, Cable Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Laundry, Storage
  • Association Fee: 525.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Association Info:Approx Assoc Fee2: 525.0
  • Association Info:Assoc Fee Payable: Monthly
  • 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: RES
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5319.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2023
Closed on
Apr 3, 2023
Sold by
Rf Rentals Llc
Bought by
Cummings Brian and Cummings Katherine
Seller's Agent
Lyla Icaza
The Charles Reinhart Company
Buyer's Agent
Tyler Baker
Baker Cowan Group LLC
List Price
$182,000
Sold Price
$182,000
Current Estimated Value
$224,577

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,577
Avg. Annual Appreciation
8.52%

Purchase Details

Closed on
Nov 24, 2020
Sold by
Denajo Ricardo Felix and Santana Mendoza Maria
Bought by
Rf Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 2020
Sold by
Rf Rentals Llc
Bought by
Demajo Ricardo Felix and Santana Mendoza Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2019
Sold by
Demajo Ricardo Felix and Santana Mendoza Maria Florencia
Bought by
Rf Rentals Llc

Purchase Details

Listed on
Jun 22, 2018
Closed on
Mar 8, 2019
Sold by
Merdinger Richard S and Merdinger Amy J
Bought by
Demajo Ricardo Felix and Santana Mendoza Maria Florencia
Seller's Agent
Rachel Robinson
The Charles Reinhart Company
Buyer's Agent
Lyla Icaza
The Charles Reinhart Company
List Price
$155,000
Sold Price
$140,000
Premium/Discount to List
-$15,000
-9.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.38%
Original Mortgage
$80,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 2, 2015
Closed on
Jul 14, 2015
Sold by
Khan Ismath and Khan Ismath
Bought by
Merdinger Richard S and Merdinger Amy J
Seller's Agent
Brian Tomsic
University Realty Associates
Buyer's Agent
Rachel Robinson
The Charles Reinhart Company
List Price
$135,000
Sold Price
$130,000
Premium/Discount to List
-$5,000
-3.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.05%

Purchase Details

Closed on
Apr 11, 2003
Sold by
Bonawitz Mary A and Mary A Bonawitz Revocable Trus
Bought by
Khan Mohammad Jamil and Khan Ismath
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Cummings Brian $182,000 --
Rf Rentals Llc -- None Available
Demajo Ricardo Felix -- Liberty Title
Rf Rentals Llc -- None Available
Demajo Ricardo Felix $140,000 Preferred Title
Merdinger Richard S $130,000 --
Khan Mohammad Jamil $112,500 American Title Co Washtenaw
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Demajo Ricardo Felix $80,000
Previous Owner Demajo Ricardo Felix $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/03/2023 04/03/23 Sold $182,000 0.0% $475 / Sq Ft
03/20/2023 03/20/23 Pending -- -- --
03/02/2023 03/02/23 For Sale $182,000 +30.0% $475 / Sq Ft
03/12/2019 03/12/19 Sold $140,000 -9.7% $366 / Sq Ft View Prior Sale
03/06/2019 03/06/19 Pending -- -- --
06/22/2018 06/22/18 For Sale $155,000 +19.2% $405 / Sq Ft
07/14/2015 07/14/15 Sold $130,000 -3.7% $339 / Sq Ft View Prior Sale
06/29/2015 06/29/15 Pending -- -- --
02/02/2015 02/02/15 For Sale $135,000 -- $352 / 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 $4,235 $92,600 $0 $0
2024 $4,031 $87,800 $0 $0
2023 $3,636 $81,800 $0 $0
2022 $5,318 $81,300 $0 $0
2021 $5,168 $78,300 $0 $0
2020 $5,006 $76,500 $0 $0
2019 $3,592 $76,800 $76,800 $0
2018 $3,542 $73,700 $0 $0
2017 $3,446 $69,700 $0 $0
2016 $3,324 $68,900 $0 $0
2015 $3,888 $65,328 $0 $0
2014 $3,888 $63,800 $0 $0
2013 -- $63,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lyla Icaza

    Seller's Agent in 2023

    Lyla Icaza

    The Charles Reinhart Company

    (734) 678-3863

    2 in this area

    65 Total Sales

    Lyla Icaza
    Section Image

  • T

    Buyer's Agent in 2023

    Tyler Baker

    Baker Cowan Group LLC

    (734) 474-7899

    1 in this area

    16 Total Sales

    Tyler Baker
    Section Image
  • Rachel Robinson

    Seller's Agent in 2019

    Rachel Robinson

    The Charles Reinhart Company

    (734) 649-7029

    78 Total Sales

    Rachel Robinson
    Section Image
  • Brian Tomsic

    Seller's Agent in 2015

    Brian Tomsic

    University Realty Associates

    (734) 646-6156

    94 in this area

    97 Total Sales

    Brian Tomsic
    Section Image
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About Tower Plaza

Map

Source: MichRIC

MLS Number: 54859

MichRIC

APN: 09-29-401-107

Michigan Washtenaw County Ann Arbor 48104 Downtown Ann Arbor

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

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 2025 MichRIC, LLC. All rights reserved.

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