NOT LISTED FOR SALE

540 N May Unit 1100 Mesa, AZ 85201

Riverview Neighborhood

Estimated Value: $224,000 - $235,365

2 Beds
1 Bath
855 Sq Ft
$228/mo HOA Fee

Last Sold November 21, 2023

Last sale price $225,000 $263 Per Sq Ft

Current estimated payment $1,501/month

38 Days on Market

Highlights

  • Property is near public transit
  • Tennis Courts
  • Bike Trail
  • Community Pool
  • Central Air
  • Carpet

About This Home

As of November 2023

Welcome to your new oasis of comfort and convenience in the heart of a highly sought-after area, mere minutes from the vibrant campus of Arizona State University! This ground floor 2-bedroom, 1-bathroom condo offers the perfect blend of modern living and accessibility, making it an ideal choice for students, professionals, or anyone seeking a delightful place to call home.
Two generously sized bedrooms provide plenty of space for rest and rejuvenation. The master bedroom is a tranquil retreat, while the second bedroom offers versatility - perfect as a guest room, home office, or hobby space. The shared bathroom is sleek and efficient, designed with your comfort in mind.
One of the standout features of this condo is its convenient ground floor location. Say goodbye to stairs and hello to easy accessibility, making grocery trips and moving furniture a breeze. Step right out onto your own private patio, a lovely space for morning coffee, evening relaxation, or even a container garden.
Location is key, and this condo truly shines in that regard. Situated in a highly sought-after area, you'll find yourself in close proximity to shopping, dining, parks, and all the amenities you could desire. Plus, with Arizona State University just 3 miles away, you'll have easy access to world-class education and a vibrant campus life.

Last Agent to Sell the Property

Kelly Clauss

Kristopher Realty License #SA545063000 Listed on: 09/10/2023

Last Buyer's Agent

William Masters

AZ Innovative Realty LLC License #BR648797000

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $376

Year Built

  • Built in 1980

Lot Details

  • Block Wall Fence

HOA Fees

  • $228 Monthly HOA Fees

Parking

  • 1 Carport Space

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 855 Sq Ft Home
  • 3-Story Property

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Location

  • Property is near public transit
  • Property is near a bus stop

Schools

  • Curry Elementary School
  • Connolly Middle School
  • Mcclintock High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 1100
  • Assessor Parcel Number 135-37-580

Community Details

Overview

  • Association fees include roof repair, insurance, sewer, ground maintenance, street maintenance, trash, water, roof replacement, maintenance exterior
  • Preferred Communitie Association, Phone Number (480) 649-2017
  • Los Racimos Phase 1 Subdivision

Amenities

  • Recreation Room

Recreation

  • Tennis Courts
  • Community Pool
  • Community Spa
  • Bike Trail

Property Details

Home Type

Condominium

Est. Annual Taxes

$376

Year Built

Built in 1980

Lot Details

0

HOA Fees

$228 per month

Listing Details

  • Cross Street: University and 101
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 227.85
  • Basement: N
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1980
  • Tax Year: 2022
  • Directions: East on University from 101 to May. North on May to Camino. West to Los Racimos, and north into the parking lot.
  • Property Sub Type: Apartment
  • Horses: No
  • Lot Size Acres: 0.02
  • Subdivision Name: LOS RACIMOS PHASE 1
  • Property Attached Yn: Yes
  • Association Fees:HOA Fee2: 227.85
  • Cooling:Central Air: Yes
  • Community Features:Community Spa2: Yes
  • Water Source City Water: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Laminate
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: 3/4 Bath Master Bdrm
  • Living Area: 855.0
  • Stories: 3
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Comm Tennis Court(s): Yes
  • Other Rooms:Family Room: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Near Light Rail Stop: Yes

Exterior Features

  • Fencing: Block
  • Pool Features: None
  • Disclosures: None
  • Construction Type: Stucco, Wood Frame, Painted
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Carport Spaces: 1.0

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Community Spa, Community Pool, Near Light Rail Stop, Near Bus Stop, Tennis Court(s), Biking/Walking Path
  • Association Fee: 227.85
  • Association Fee Frequency: Monthly
  • Association Name: Los Racimos
  • Phone: 480-641-6300
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Los Racimos
  • Association Fees:HOA Telephone4: 4806416300
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 500.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 455.7
  • Association Fees:Disclosure Fees HOA: 400.0
  • Association Fees:Other Fees HOA: 18.0
  • Association Fees:Other Fees Description: homewise fee
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Preferred Communitie
  • Association Fees:HOA Management Phone: 4806492017
  • Association Fee Incl:Street Maint: Yes
  • Association Fee Incl:Exterior Mnt of Unit: Yes
  • Association Fee Incl:Roof Repair: Yes
  • Association Fee Incl:Roof Replacement: Yes
  • Association Fee Incl:Blanket Ins Policy: Yes
  • Association Fee Incl:Water6: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes

Fee Information

  • Association Fee Includes: Roof Repair, Insurance, Sewer, Maintenance Grounds, Street Maint, Trash, Water, Roof Replacement, Maintenance Exterior

Schools

  • Elementary School: Curry Elementary School
  • High School: McClintock High School
  • Junior High Dist: Tempe Union High School District
  • Middle Or Junior School: Connolly Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 902.0
  • Parcel #: 135-37-580

Building Info

  • Builder Name: NA

Tax Info

  • Tax Annual Amount: 376.0
  • Tax Book Number: 135.00
  • Tax Lot: 1100
  • Tax Map Number: 37.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2023
Closed on
Nov 21, 2023
Sold by
Fox Scott Edward and Fox Susan Kimberly
Bought by
Maher Rachel
Seller's Agent
Kelly Clauss
Kristopher Realty
Buyer's Agent
William Masters
AZ Innovative Realty LLC
List Price
$225,000
Sold Price
$225,000
Views
57
Current Estimated Value
$225,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$551
Avg. Annual Appreciation
1.14%
Original Mortgage
$213,750
Outstanding Balance
$211,084
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$18,296

Purchase Details

Listed on
Jul 5, 2018
Closed on
Jul 9, 2018
Sold by
Davis Richard D and Davis Marilyn M
Bought by
Fox Scott Edward and Fox Susan Kimberly
Seller's Agent
David Brashear
Keller Williams Arizona Realty
Buyer's Agent
Kelly Clauss
Keller Williams Realty Phoenix
List Price
$123,000
Sold Price
$118,000
Premium/Discount to List
-$5,000
-4.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.85%

Purchase Details

Listed on
Feb 21, 2013
Closed on
Mar 11, 2013
Sold by
Olthoff Harold L
Bought by
Davis Richard D and Davis Marilynn M
Seller's Agent
Curtis Johnson
eXp Realty
Buyer's Agent
David Brashear
Keller Williams Arizona Realty
List Price
$67,900
Sold Price
$67,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.90%

Purchase Details

Closed on
Mar 5, 1996
Sold by
G R Service Teck Inc
Bought by
Olthoff Harold L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,800
Interest Rate
7.01%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Maher Rachel $225,000 Magnus Title Agency
Fox Scott Edward $118,000 First American Title Insuran
Davis Richard D $67,900 Security Title Agency
Olthoff Harold L $41,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maher Rachel $213,750
Previous Owner Davis Richard D $50,925
Previous Owner Olthoff Harold L $25,000
Previous Owner Olthoff Harold L $32,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2023 11/21/23 Sold $225,000 0.0% $263 / Sq Ft
10/19/2023 10/19/23 Pending -- -- --
10/18/2023 10/18/23 For Sale $225,000 0.0% $263 / Sq Ft
10/11/2023 10/11/23 Pending -- -- --
10/05/2023 10/05/23 For Sale $225,000 0.0% $263 / Sq Ft
09/12/2023 09/12/23 Pending -- -- --
09/10/2023 09/10/23 For Sale $225,000 +90.7% $263 / Sq Ft
07/20/2018 07/20/18 Sold $118,000 -4.1% $138 / Sq Ft
07/06/2018 07/06/18 Pending -- -- --
07/05/2018 07/05/18 For Sale $123,000 +81.1% $144 / Sq Ft
03/19/2013 03/19/13 Sold $67,900 0.0% $79 / Sq Ft
02/21/2013 02/21/13 For Sale $67,900 -- $79 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

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 $329 $4,019 -- --
2024 $388 $3,828 -- --
2023 $388 $15,550 $3,110 $12,440
2022 $376 $12,610 $2,520 $10,090
2021 $389 $10,950 $2,190 $8,760
2020 $376 $9,670 $1,930 $7,740
2019 $372 $8,320 $1,660 $6,660
2018 $358 $6,560 $1,310 $5,250
2017 $349 $5,750 $1,150 $4,600
2016 $348 $5,510 $1,100 $4,410
2015 $337 $4,380 $870 $3,510
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6603475

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-37-580