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$285,000

Beds
1
Baths
1.0
sq ft
596

555 E William St Unit 7D, Ann Arbor, MI 48104

555 E William St Unit 7D

Ann Arbor, MI 48104

  • 21 days on market
Check out the virtual tour! Tower Plaza one bedroom floor plan on the 7th floor in a premium downtown location a short walk from UM Campus, UM Hospital, a vast number of amazing restaurants, retail shopping and much, much more. The building is incredibly quiet equipped with sound proof walls and floors and is very secure having 24 hour lobby security, on site laundry, storage, and maintenance staff. The inside of the home is tastefully decorated and existing furniture is included in the purchase. The Maynard Parking Structure is very close to Tower Plaza.

Details

Property type

Condominium

Est. home value

$262,081

Lot size

Unknown

Price per sq ft

$479

Year built

1969

Annual property taxes

$4,810

Monthly HOA fee

$871

Price History

06/11/2024
Realcomp

Realcomp #81024029528

Listed
$285,000
+21.28%
08/04/2021
Realcomp

Realcomp #543278162

Sold
$235,000
+64.91%
09/01/2016
Realcomp

Realcomp #543238723

Sold
$142,500

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Ann Arbor

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$124,702
Asking price
$285,000
Closing costs (~8% of asking)
-$22,800
Est. remaining loan balance
-$137,498
Cash to seller
$124,702

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

July 2021

Original loan amount

$188,000

Est. remaining balance

$137,498

Interest rate

2.27%

Loan type

New Conventional, 10 year

Seller

Jiayuan Chen and William Chen

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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1205 Island Dr Unit 201, Ann Arbor, MI 48105

Status: Active

Tomo last checked: 07/02/2024 at 6:55 PM

Listing updated: 06/29/2024 at 8:53 PM

Listed by: Kirk Glassel, Phone #: (734) 971-6070

MLS: Realcomp #81024029528

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