NOT LISTED FOR SALE

540 N May Unit 2116 Mesa, AZ 85201

Riverview Neighborhood

Estimated Value: $215,000 - $243,000

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

Last Sold December 13, 2023

Last sale price $250,000 $292 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $1,465/month

5 Days on Market

Highlights

  • Granite Countertops
  • Tile Flooring
  • Grass Covered Lot
  • Breakfast Bar
  • Central Air
  • Heating Available

About This Home

As of December 2023

Well loved and taken and taken care of this 2 bedroom 1 bath is move in ready! Newer A/C, Newer stackable washer and dryer, granite counter tops, white cabinets, newer appliances, 2 bedrooms with mirrored closets, nice patio, 2 parking spaces; one covered and one uncovered, 2 storage closets, community pool which is being renovated and much more. Located close to the 101 and 202, Tempe Marketplace, old town Scottsdale and the Cubs Spring Training Center

Last Agent to Sell the Property

Joseph Fraser

HomeSmart License #SA681960000 Listed on: 10/31/2023

HomeSmart

Last Buyer's Agent

Joseph Fraser

HomeSmart License #SA681960000 Listed on: 10/31/2023

HomeSmart

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $328

Year Built

  • Built in 1980

Lot Details

  • Grass Covered Lot

HOA Fees

  • $228 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 855 Sq Ft Home
  • 3-Story Property
  • Tile Flooring

Kitchen

  • Breakfast Bar
  • Built-In Microwave
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 2 Open Parking Spaces
  • 1 Carport Space

Schools

  • Broadmor Elementary School
  • Connolly Middle School
  • Mcclintock High School

Utilities

  • Central Air
  • Heating Available

Community Details

  • Association fees include roof repair, insurance, sewer, ground maintenance, front yard maint, trash, water, roof replacement, maintenance exterior
  • Preferred Communitie Association, Phone Number (480) 649-2017
  • Built by US Home
  • Los Racimos Phase 2 A Subdivision

Listing and Financial Details

  • Tax Lot 2116
  • Assessor Parcel Number 135-37-826

Property Details

Home Type

Condominium

Est. Annual Taxes

$328

Year Built

Built in 1980

Lot Details

0

HOA Fees

$228 per month

Listing Details

  • Cross Street: University and Dobson
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Community Facilities District: N
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 227.85
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1980
  • Tax Year: 2023
  • Property Sub Type: Apartment
  • Horses: No
  • Lot Size Acres: 0.02
  • Subdivision Name: LOS RACIMOS PHASE 2-A
  • Property Attached Yn: Yes
  • General Property Description:PriceSqFt: 292.39
  • Association Fees:HOA Fee2: 227.85
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Basement YN: No
  • Spa Features: None
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Granite Counters, Breakfast Bar
  • Living Area: 855.0
  • Stories: 3
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: See Remarks
  • Lot Features: Grass Front, Grass Back
  • Pool Features: None
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted, Block
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Carport Spaces: 1.0
  • Open Parking Spaces: 2.0

Utilities

  • Electric: 220 Volts in Kitchen
  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • 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: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: 455.77
  • Association Fees:Disclosure Fees HOA: 400.0
  • Association Fees:Other Fees Description: 18
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Preferred Communitie
  • Association Fees:HOA Management Phone: 480-649-2017
  • Association Fee Incl:Front Yard 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, Front Yard Maint, Trash, Water, Roof Replacement, Maintenance Exterior

Schools

  • Elementary School: Broadmor 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: 966.0
  • Parcel #: 135-37-826

Building Info

  • Builder Name: US Home

Tax Info

  • Tax Annual Amount: 328.0
  • Tax Book Number: 135.00
  • Tax Lot: 2116
  • Tax Map Number: 37.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2023
Closed on
Dec 14, 2023
Sold by
Gates Amy
Bought by
Unrein Marcus James
Seller's Agent
Joseph Fraser
HomeSmart
Buyer's Agent
Joseph Fraser
HomeSmart
List Price
$250,000
Sold Price
$250,000
Views
39
Current Estimated Value
$232,436

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,564
Avg. Annual Appreciation
-3.38%
Original Mortgage
$242,500
Outstanding Balance
$237,881
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
-$5,445

Purchase Details

Listed on
Oct 31, 2023
Closed on
Dec 7, 2023
Sold by
Gates Amy
Bought by
Unrein Marcus James
Seller's Agent
Joseph Fraser
HomeSmart
Buyer's Agent
Joseph Fraser
HomeSmart
List Price
$250,000
Sold Price
$250,000
Views
39

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,500
Outstanding Balance
$237,881
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
-$5,445

Purchase Details

Listed on
Jul 24, 2020
Closed on
Aug 28, 2020
Sold by
Gates Kirk
Bought by
Gates Amy
Seller's Agent
Cheryl Solano
RE/MAX Fine Properties
Buyer's Agent
Joseph Fraser
HomeSmart
List Price
$160,500
Sold Price
$165,000
Premium/Discount to List
$4,500
2.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.51%
Original Mortgage
$132,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 14, 2019
Sold by
Rorick James E
Bought by
540 N May Unit 2116 Llc

Purchase Details

Listed on
May 27, 2018
Closed on
Jun 15, 2018
Sold by
Palmer Donald L and Palmer Patricia D
Bought by
Rorick James Edward
Seller's Agent
Diana Minnihan
Valley Signature Real Estate
Buyer's Agent
Cheryl Solano
RE/MAX Fine Properties
List Price
$129,000
Sold Price
$127,500
Premium/Discount to List
-$1,500
-1.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.23%
Original Mortgage
$95,625
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 22, 2016
Closed on
Jun 23, 2016
Sold by
Midatlantic Ira Llc
Bought by
Palmer Donald and Palmer Patrida
Seller's Agent
John Kepple
Capital REI
Buyer's Agent
Diana Minnihan
Valley Signature Real Estate
List Price
$89,900
Sold Price
$85,900
Premium/Discount to List
-$4,000
-4.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.71%
Original Mortgage
$68,720
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 29, 2015
Closed on
Mar 13, 2015
Sold by
Nationstar Mortgage Llc
Bought by
Midatlantic Ira Llc
Seller's Agent
Marlene Cerreta
Cerreta Real Estate
Buyer's Agent
John Kepple
Capital REI
List Price
$67,100
Sold Price
$64,575
Premium/Discount to List
-$2,525
-3.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.93%

Purchase Details

Closed on
Oct 20, 2014
Sold by
Rosenberry Nick M
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
Jun 24, 2005
Sold by
Johnson William Edward
Bought by
Rosenberry Nick M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
5.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 17, 2003
Sold by
Lozada Christopher J and Lozada Laura R
Bought by
Johnson William Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
9.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 1999
Sold by
Reid Scott D and Reid Sherry L
Bought by
Lozada Christopher J and Kovach Laura R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,350
Interest Rate
7.05%
Mortgage Type
FHA
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Unrein Marcus James $250,000 Premier Title Agency
Unrein Marcus James $250,000 Premier Title Agency
Gates Amy -- Premier Title Agency
Gates Amy $165,000 Premier Title Agency
540 N May Unit 2116 Llc -- None Available
Rorick James Edward $127,500 Fidelity National Title Agen
Palmer Donald $85,900 Old Republic Title Agency
Midatlantic Ira Llc $64,575 None Available
Nationstar Mortgage Llc -- Lenderlive Settlement Servic
Rosenberry Nick M $103,000 --
Johnson William Edward $64,000 Fidelity National Title
Lozada Christopher J $49,000 Ati Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Unrein Marcus James $242,500
Closed Unrein Marcus James $242,500
Previous Owner Gates Amy $132,000
Previous Owner Rorick James Edward $95,625
Previous Owner Palmer Donald $68,720
Previous Owner Rosenberry Nick M $80,000
Previous Owner Johnson William Edward $64,000
Previous Owner Lozada Christopher J $48,350
Closed Rosenberry Nick M $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/13/2023 12/13/23 Sold $250,000 0.0% $292 / Sq Ft
11/01/2023 11/01/23 For Sale $250,000 +51.5% $292 / Sq Ft
09/01/2020 09/01/20 Sold $165,000 +2.8% $193 / Sq Ft View Prior Sale
07/24/2020 07/24/20 For Sale $160,500 +25.9% $188 / Sq Ft
06/26/2018 06/26/18 Sold $127,500 -1.2% $149 / Sq Ft View Prior Sale
05/27/2018 05/27/18 For Sale $129,000 +50.2% $151 / Sq Ft
07/22/2016 07/22/16 Sold $85,900 -4.4% $100 / Sq Ft View Prior Sale
04/22/2016 04/22/16 For Sale $89,900 +39.2% $105 / Sq Ft
03/25/2015 03/25/15 Sold $64,575 -3.8% $76 / Sq Ft View Prior Sale
02/27/2015 02/27/15 Pending -- -- --
01/29/2015 01/29/15 For Sale $67,100 -- $78 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $355 $4,019 -- --
2024 $328 $3,828 -- --
2023 $328 $15,550 $3,110 $12,440
2022 $316 $12,610 $2,520 $10,090
2021 $334 $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

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6624911

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-37-826