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555 E William St APT 4A, Ann Arbor, MI, 48104

1beds
1baths
696sqft
$279,000
$401price/sqft
$2,005/moest. monthly cost
$80,200/yrincome needed

About This Home

Roomy, light filled renovated South side Grand One Bedroom unit. Nicely updated kitchen & bath with white cabinets & granite countertops. 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 & on site rental management available. Rented through 7/31/26. 24 hour notice required for showings

Getting Around

97
WalkingWalker's Paradise
78
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

  • Construction materials: Other

Type & Style

  • Home type: Condo
  • Architectural style: Other
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Microwave,Range,Refrigerator
  • Laundry features: Common Area,In Basement,Laundry Room

Basement

  • Has basement: Yes
  • Basement: Other

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 1

Features

  • Flooring: Carpet

Heating & Cooling

  • Heating features: Heat Pump,Hot Water
  • Cooling features: Central Air

Interior Area

  • Total structure area: 696
  • Total interior livable area: 696 sqft

Property

Details

  • Parcel number: 090929401054

Features

  • Stories: 1

Lot

  • Lot size: 435.60 sqft

Parking

  • Parking features: Permit Required

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 $1,410$16,920
Home Insurance *$68$816
Property Taxes $339$4,068
Electricity $188$2,259
Total$2,005$24,060
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$68,742/yr
40% on housing$60,150/yr
45% on housing$53,466/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

$401This 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)

Price History

DateEventPrice
2025-11-01Listing removed$2,100
2025-10-31Listed for sale$279,000
2025-09-04Listed for rent$2,100
2025-09-01Listing removed$289,000
2025-06-27Price change$289,000
2025-03-19Listed for sale$305,000
2009-09-28Sold$155,000

For Sale by Agent

AgentBrian Tomsic
BrokerageUniversity Realty Associates

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