Condos
Tower PlazaAnn Arbor, Michigan
Tower Plaza is a condominium community in Ann Arbor, located in the Ann Arbor, Michigan area of Washtenaw County. The housing stock consists primarily of condominium properties built around 1969. The average home is 507 square feet with 1 bedroom. Based on sales over the past 12 months, the median sale price in Tower Plaza is $242,000, with closed prices ranging from $195,000 to $360,000. That works out to a median of $487 per square foot. The Tower Plaza real estate market currently has 13 active listings and 3 pending, with asking prices from $210,000 to $315,000. At the current pace of 20 sales per year, Tower Plaza's 16 active listings represent 7.8 months of supply, indicating a buyer's market. Homes sell in an average of 85 days on market. With 20 recorded sales in the past year, homeowners selling a home in Tower Plaza have strong comparable data to inform their listing strategy.
Carefree downtown Ann Arbor living with the University of Michigan, restaurants and night life just next door
The tallest building in Ann Arbor with just under 300 units total, Tower Plaza was constructed in 1969 as luxury apartments which were later converted into condominiums during the late 1980s. Residents here enjoy amazing views of downtown, Michigan stadium and campus along with direct access to the shops, bars and restaurants of Ann Arbor. Its proximity to University of Michigan Central Campus has kept Tower Plaza as a desirable choice for many UMich students, graduate students and faculty & staff.
Tower Plaza has 24hr security and is one of few downtown condominium buildings with its own doorman. Construction is concrete with large glass pane windows showcasing views of downtown. Condominium association fees (as of writing this in 2021) cover cable, exterior maintenance, snow removal, 24hr security w/ doorman, gas, water, and trash; association fees are based on unit size.
Units in Tower Plaza are predominately 1-bedroom and studio style (ranging in size from 383sf - 700sf), with a handful of larger 2-bedroom units at the top of the building which are just over 1000sf. Many units here are updated very nicely while other units in the building are ready for update.
Today's Inventory - For a Private Showing call 734-272-6612
Residential Overview
13Active Listings
$242,000Median Sale Price (past 12mo)
85daysAvg Days on Market
$487Price per Sqft
20Sold (past 12mo)
7.8moBuyer's Market
1969Avg Year Built
507 sqftAvg Size
1.0Avg Beds
1.0Avg Baths
$547/moHOA Fee
Homes for Sale(13)
Under Contract
1/26
$315,000
555 E William Street 24A, Ann Arbor, MI 48104
1 bd1 ba694 sqft
HOA: $1,139/mo
Condo
For Sale
1/25
$314,000
555 E William Street 18A, Ann Arbor, MI 48104
1 bd1 ba694 sqft0.01 ac
HOA: $1,142/mo
Condo
For Sale
1/6
$279,900
555 E William Street 22G, Ann Arbor, MI 48104
1 bd1 ba430 sqft0.01 ac
HOA: $979/mo
Condo
For Sale
1/19
$279,000
555 E William Street 4A, Ann Arbor, MI 48104
1 bd1 ba696 sqft0.01 ac
HOA: $1,075/mo
Condo
For Sale
1/20
$269,000
555 E William Street 20i, Ann Arbor, MI 48104
1 bd1 ba596 sqft0.01 ac
HOA: $979/mo
Condo
For Sale
1/16
$249,000
555 E William Street 3J, Ann Arbor, MI 48104
1 bd1 ba596 sqft0.02 ac
HOA: $923/mo
Condo
For Sale
1/16
$238,000
555 E William Street 23H, Ann Arbor, MI 48104
0 bd1 ba383 sqft0.01 ac
HOA: $629/mo
Condo
For Sale
1/17
$224,000
555 E William Street 17H, Ann Arbor, MI 48104
0 bd1 ba383 sqft
HOA: $629/mo
Condo
For Sale
1/18
$219,900
555 E William Street 5B, Ann Arbor, MI 48104
0 bd1 ba396 sqft
FHA
HOA: $648/mo
Condo
For Sale
1/16
$219,000
555 E William Street 16K, Ann Arbor, MI 48104
0 bd1 ba396 sqft0.01 ac
HOA: $640/mo
Condo
For Sale
1/13
$210,000
555 E William Street 3K, Ann Arbor, MI 48104
0 bd1 ba396 sqft0.01 ac
HOA: $629/mo
Condo
For Sale
1/17
$210,000
555 E William Street 6H, Ann Arbor, MI 48104
0 bd1 ba383 sqft0.01 ac
HOA: $594/mo
Condo
For Sale
1/15
$210,000
555 E William Street 3L, Ann Arbor, MI 48104
1 bd1 ba430 sqft0.02 ac
HOA: $707/mo
Condo
Available for Rent(3)
$1,875/moMedian Rent
$4.56/sqftRent $/sqft
48dAvg DOM
12Leased (past 12mo)
Market Analytics
Recently Sold Residential (50)
Property Records
Per FEMA, Tower Plaza falls within Zone X (minimal flood risk) — flood insurance is not mandatory but remains available. Flood zone boundaries are subject to change by FEMA map revision. Verify current status at FEMA Map Service Center before making purchasing decisions.
Frequently Asked Questions about Tower Plaza
What are home prices like in Tower Plaza?
Based on 20 sales in the past year, homes in Tower Plaza have a median sale price of $242,000. Sale prices have ranged from $195,000 to $360,000. That works out to roughly $487 per square foot.
Are there homes available in Tower Plaza right now?
There are currently 13 active listings in Tower Plaza. Asking prices range from $210,000 to $315,000. 3 additional listings are pending or under contract.
What types of homes are in Tower Plaza?
Tower Plaza consists primarily of condominium properties built in 1969. The average home size is 507 square feet. Homes typically have 1 bedrooms.
What is the average days on market in Tower Plaza?
Over the past year, 20 homes sold in Tower Plaza with an average of 85 days on market.
How competitive is the Tower Plaza real estate market?
Tower Plaza is currently a buyer's market, with 7.8 months of supply. That ratio comes from 13 active listings relative to a pace of 20 sales per year.
What is the typical lot size in Tower Plaza?
The average lot size in Tower Plaza is 436 sqft. Actual lot sizes vary — check individual listings for specific dimensions.
What are HOA fees in Tower Plaza?
Based on the 20 closed sales in Tower Plaza over the past 12 months reported through MLS, HOA fees in Tower Plaza run approximately $547 (monthly). Coverage may include shared maintenance, insurance, and community amenities — though what's actually included differs by unit and association. Always verify the current fees and inclusions with HOA management and the seller before making purchasing decisions.
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