NOT LISTED FOR SALE

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

Downtown Ann Arbor Neighborhood

Estimated Value: $216,000 - $262,000

1 Bed
1 Bath
430 Sq Ft
$628/ mo HOA Fee

Last Sold May 02, 2024

Last sale price $240,000 $558 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,295/month

9 Days on Market

Highlights

  • Central Air
  • Hot Water Heating System
  • 4-minute walk to Liberty Plaza
  • Bach Elementary School Rated A

About This Home

As of May 2024

Renovated North side Small One Bedroom unit, rented through 7/15/24. 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 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: 03/14/2024

Last Buyer's Agent

Alicia McCollum

The Charles Reinhart Company License #6501386835

The Charles Reinhart Company

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,450

Year Built

  • Built in 1969

HOA Fees

  • $628 Monthly HOA Fees

Interior Spaces

  • 430 Sq Ft Home
  • 1-Story Property
  • Laundry on main level

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

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) 973-5500

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,450

Year Built

Built in 1969

Lot Details

0 Sq Ft Lot

HOA Fees

$628 per month

Listing Details

  • Property Sub-Type: Condominium
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Other
  • Stories: 1
  • Year Built: 1969
  • Location Property Info:Property Sub-Type: Condominium
  • OfficeContract Info:List PriceSqFt2: 555.81
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 0
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • General Property Info:Total Fin SqFt All Levels: 430.0
  • General Property Info:Main Level Primary: Yes
  • Tax Info:Annual Property Tax: 5450.0
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Heat Type:Hot Water: Yes
  • Heat Type:Heat Pump: Yes
  • General Property Info:SqFt Above Grade: 430.0
  • Laundry Features Common Area: Yes
  • General Property Info Garage YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Fireplace: No
  • Total Bedrooms: 1
  • Main Level Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Other
  • LivingArea: 430.0
  • General Property Info:Stories2: 1.0

Exterior Features

  • Construction Materials: Other
  • List Price: 239000.0
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Heat Pump, Hot Water
  • Heating: Yes
  • Laundry Features: Common Area
  • Sewer: Public
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 628.0
  • Association Fee Frequency: Monthly
  • Association Phone: 734-973-5500
  • Association: Yes

Association/Amenities

  • Association Info:Approx Assoc Fee2: 628.0
  • Association Info:Assoc Fee Payable: Monthly
  • Association Info:Association Phone: 7349735500

Fee Information

  • Association Fee Includes: Water, Trash, Snow Removal, Sewer, Heat

Lot Info

  • Lot Dimensions: 0

Tax Info

  • Tax Annual Amount: 5450.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2024
Closed on
May 2, 2024
Sold by
Park Tae Won and Sun Ku
Bought by
Shane F Tsai And Clara Hk Tsai Living Trust and Tsai
Seller's Agent
Brian Tomsic
University Realty Associates
Buyer's Agent
Alicia McCollum
The Charles Reinhart Company
List Price
$239,000
Sold Price
$240,000
Premium/Discount to List
$1,000
0.42%
Views
51
Current Estimated Value
$230,575

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,425
Avg. Annual Appreciation
-2.09%
Original Mortgage
$180,000
Outstanding Balance
$177,433
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$53,142

Purchase Details

Closed on
Aug 11, 2009
Sold by
Citizens Bank
Bought by
Park Tae Won and Park Sun Ku

Purchase Details

Closed on
May 13, 2009
Sold by
Fregen Md Tosan A and Estate Of Augustine O Fregene
Bought by
Citizens Bank

Purchase Details

Closed on
Mar 5, 2009
Sold by
Fregene Augustine O
Bought by
Citizens Bank

Purchase Details

Closed on
Feb 19, 2009
Sold by
Fregene Augustine O and Tagin & Tagin Llc
Bought by
Citizens Bank
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Shane F Tsai And Clara Hk Tsai Living Trust $240,000 Preferred Title
Shane F Tsai And Clara Hk Tsai Living Trust $240,000 Preferred Title
Park Tae Won $126,000 None Available
Citizens Bank -- None Available
Citizens Bank -- None Available
Citizens Bank $300,000 None Available
Citizens Bank $975,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shane F Tsai And Clara Hk Tsai Living Trust $180,000
Closed Shane F Tsai And Clara Hk Tsai Living Trust $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2024 05/02/24 Sold $240,000 +0.4% $558 / Sq Ft
03/23/2024 03/23/24 Pending -- -- --
03/14/2024 03/14/24 For Sale $239,000 -- $556 / Sq Ft
Source: MichRIC

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 $5,222 $97,200 $0 $0
2024 $5,450 $91,800 $0 $0
2023 $4,228 $85,200 $0 $0
2022 $5,118 $84,600 $0 $0
2021 $4,973 $81,400 $0 $0
2020 $5,011 $79,400 $0 $0
2019 $4,594 $79,700 $79,700 $0
2018 $4,507 $75,700 $0 $0
2017 $4,348 $73,100 $0 $0
2016 $4,237 $68,479 $0 $0
2015 $4,063 $68,275 $0 $0
2014 $4,063 $66,700 $0 $0
2013 -- $66,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian Tomsic

    Seller's Agent in 2024

    Brian Tomsic

    University Realty Associates

    (734) 646-6156

    87 in this area

    90 Total Sales

    Brian Tomsic
    Section Image

  • A

    Buyer's Agent in 2024

    Alicia McCollum

    The Charles Reinhart Company

    (734) 219-8640

    1 in this area

    29 Total Sales

    Alicia McCollum
    Section Image
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About Tower Plaza

Map

Source: MichRIC

MLS Number: 24012290

MichRIC

APN: 09-29-401-108

Michigan Washtenaw County Ann Arbor 48104 Downtown Ann Arbor

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

Not Listed for Sale

Condos

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MichRIC Information is deemed reliable but not guaranteed.
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