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555 E William St APT 2J, Ann Arbor, MI, 48104

1beds
1baths
596sqft
$259,999
$436price/sqft
$1,881/moest. monthly cost
$75,240/yrincome needed

About This Home

A *newly renovated* corner residence in Tower Plaza, this bright one-bedroom condo combines abundant natural light, stylish modern features, and an unbeatable central Ann Arbor location. Fresh, inviting, and move-in ready: -With windows on two sides, this desirable corner unit is filled with sunlight throughout the day. The living room features a full wall of windows, while the bedroom offers both side- and front-facing windows overlooking trees and the surrounding streetscape, creating an open, airy feel. -The interior has been completely modernized with real granite countertops, luxury vinyl plank flooring, updated lighting, elegant light gray paint, and new kitchen and bathroom fixtures. Prime location: -Located on the second floor, this unit offers the convenience of quick building access with minimal elevator wait times--a significant practical advantage over higher floors. -Few locations in Ann Arbor are this convenient: within a 1-2 minute walk are Central Campus, the Michigan Union, State Street, dozens of restaurants and stores, and a public parking garage. Michigan Stadium is approximately a 20-minute walk, making game days easy without the hassle of driving. Fully-serviced building: -Tower Plaza is one of downtown Ann Arbor's most iconic and sought-after residential buildings, offering 24-hour security, soundproof walls, an on-site maintenance team, and laundry and storage facilities. This bright, modern, and centrally-located home is an ideal choice for University of Michigan students, faculty, and staff; downtown professionals; retirees seeking a walkable lifestyle; or investors looking for a highly-desirable rental property in one of Ann Arbor's most valuable locations.

Getting Around

97
WalkingWalker's Paradise
77
TransitExcellent Transit
87
BikeVery Bikeable

Schools

8/10
Bach Elementary SchoolGrades K-50.7 mi
9/10
Slauson Middle SchoolGrades 6-81.0 mi
9/10
Pioneer High SchoolGrades 9-121.2 mi

Construction

Condition

  • Year built: 1969

Materials

  • Roof: Other

Type & Style

  • Home type: Condo

Interior

Appliances

  • Appliances included: Dishwasher,Garbage disposal,Range / Oven,Refrigerator

Basement

  • Basement: Finished

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Tile,Other

Heating & Cooling

  • Heating features: Heat pump
  • Cooling features: Central

Interior Area

  • Total interior livable area: 596 sqft

Property

Details

  • Parcel number: 090929401033

Features

  • Entry level: 2nd
  • Exterior features: Other,Cement / Concrete
  • Has view: Yes
  • View description: City

Parking

  • Parking features: Off-street,On-street

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Cold Wave
Ice Storm

FEMA Declared Disasters in Washtenaw County and Michigan

Severe Ice Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,314$15,768
Home Insurance *$63$756
Property Taxes $316$3,792
Electricity $188$2,259
Total$1,881$22,572
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$64,491/yr
40% on housing$56,430/yr
45% on housing$50,160/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.2%
12.2%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$436This listing

vs Other Active Listings

Avg $/sqft

ZIP 48104$298
Washtenaw County$227

vs Homes Sold Last Month

Median $/sqft

ZIP 48104$352
Washtenaw County$214

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-31Price change$259,999
2026-07-27Listed for sale$265,000
2018-06-22Listing removed$179,000
2017-08-03Listed for sale$179,000
2010-08-09Sold$162,000
2010-06-17Listed for sale$169,000
2003-09-18Sold$155,000

For Sale by Owner

AgentProperty Owner

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