$168,000
SOLD AUG 8, 2025

540 N May Unit 2148 Mesa, AZ 85201

Riverview Neighborhood
2 Beds
1 Bath
855 Sq Ft
$328/mo HOA Fee

Recently Sold

$196 Per Sq Ft

29% Below List Price

54 Days on Market

Highlights

  • Unit is on the top floor
  • Balcony
  • No Interior Steps
  • Community Pool
  • Breakfast Bar
  • Property is near a bus stop

About This Home

As of August 2025

Imagine stepping out your door walking to Mesa Riverview shops and dining. Weekend vibes in Scottsdale, Tempe and even Phoenix are just a short Uber away. Even that commute to Phoenix feels short w/quick access to the 101 or 202. Whether you're connected to ASU or MCC, or simply want a prime spot to soak up everything the Valley has to offer, this 2-bed, 1-bath condo is calling your name. It's not just a place to live; it's your launchpad to the best of the Phoenix
metro. Freshly painted and sporting new carpets, this close-to-everything gem will feel like home. Say goodbye to laundromats with your own in-unit washer/dryer. Newer AC and water heater, you can breathe easy knowing the essentials are covered. Make this your next home or snag a smart investment today!

Last Agent to Sell the Property

Debbie Kimball

My Home Group Real Estate Brokerage Phone: 602-318-1819 License #BR554958000 Listed on: 05/20/2025

My Home Group Real Estate

Last Buyer's Agent

Debbie Kimball

My Home Group Real Estate Brokerage Phone: 602-318-1819 License #BR554958000 Listed on: 05/20/2025

My Home Group Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $445

Year Built

  • Built in 1983

HOA Fees

  • $328 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 855 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan

Kitchen

  • Breakfast Bar
  • Electric Cooktop
  • Built-In Microwave
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 1 Carport Space
  • Assigned Parking

Location

  • Unit is on the top floor
  • Property is near a bus stop

Schools

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

Utilities

  • Cooling System Updated in 2021
  • Central Air
  • Heating Available
  • Plumbing System Updated in 2022
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Balcony

Listing and Financial Details

  • Tax Lot 2148
  • Assessor Parcel Number 135-37-868

Community Details

Overview

  • Association fees include roof repair, insurance, sewer, ground maintenance, trash, water, roof replacement, maintenance exterior
  • Preferred Community Association, Phone Number (480) 649-2017
  • Built by BEAZER
  • Los Racimos Phase 2B Amd 2C & 2D Subdivision

Amenities

  • Recreation Room

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$445

Year Built

Built in 1983

Lot Details

0

HOA Fees

$328 per month

Listing Details

  • Cross Street: Dobson & Rio Salado
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Condominium
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 328.1
  • Basement: N
  • Updated Floors: Partial
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2021
  • Updated Plumbing: Partial
  • Items Updated Plmbg Yr Updated: 2022
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1983
  • Tax Year: 2024
  • Property Sub Type: Apartment
  • Horses: No
  • Subdivision Name: LOS RACIMOS PHASE 2B AMD 2C & 2D
  • Property Attached Yn: Yes
  • General Property Description:PriceSqFt: 196.49
  • Association Fees:HOA Fee2: 328.1
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Laminate
  • Basement YN: No
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Breakfast Bar, No Interior Steps, 3/4 Bath Master Bdrm, Laminate Counters
  • Living Area: 855.0
  • Stories: 3
  • Community Features:ClubhouseRec Room: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Laminate Counters: Yes
  • Other Rooms:Great Room: Yes
  • Community Features:Near Bus Stop: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: None
  • Exterior Features: Balcony
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: Neighbor Below, Neighbor Above
  • Construction Type: Stucco, Wood Frame, Painted
  • Roof: Built-Up
  • Construction:Frame - Wood: Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Assigned
  • Attached Garage: No
  • Carport Spaces: 1.0
  • Parking Features:Assigned Parking: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Programmable Thmstat
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Near Bus Stop
  • Association Fee: 328.1
  • Association Fee Frequency: Monthly
  • Association Name: Los Racimos
  • Phone: 480-649-2017
  • 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: 656.2
  • Association Fees:Disclosure Fees HOA: 400.0
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Preferred Community
  • 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, 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: 88.0
  • Parcel #: 135-37-868

Building Info

  • Builder Name: BEAZER

Tax Info

  • Tax Annual Amount: 445.0
  • Tax Book Number: 135.00
  • Tax Lot: 2148
  • Tax Map Number: 37.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2025
Closed on
Aug 1, 2025
Sold by
Fogg Family Trust and Fogg Richard Keith
Bought by
Cole Maxon Lyman and Kimball Debbie
Seller's Agent
Debbie Kimball
My Home Group Real Estate
Buyer's Agent
Debbie Kimball
My Home Group Real Estate
List Price
$235,000
Sold Price
$168,000
Premium/Discount to List
-$67,000
-28.51%
Views
78
Current Estimated Value
$177,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,264
Avg. Annual Appreciation
17.66%
Original Mortgage
$159,600
Outstanding Balance
$159,463
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$17,801

Purchase Details

Closed on
Mar 17, 2025
Sold by
Fogg Robert T
Bought by
Fogg Richard K and Fogg Doris Eads

Purchase Details

Closed on
Mar 12, 2025
Sold by
Fogg Richard K and Fogg Doris Eads
Bought by
Fogg Family Trust and Fogg
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $168,000 Ez Title
Quit Claim Deed -- None Listed On Document
Special Warranty Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $159,600 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2025 08/08/25 Sold $168,000 -15.6% $196 / Sq Ft
08/07/2025 08/07/25 Price Changed $199,000 0.0% $233 / Sq Ft
07/13/2025 07/13/25 Pending -- -- --
06/18/2025 06/18/25 Price Changed $199,000 -7.0% $233 / Sq Ft
05/27/2025 05/27/25 Price Changed $214,000 -8.9% $250 / Sq Ft
05/20/2025 05/20/25 For Sale $235,000 -- $275 / 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 $476 $4,584 -- --
2024 $443 $4,365 -- --
2023 $443 $16,830 $3,360 $13,470
2022 $429 $13,710 $2,740 $10,970
2021 $443 $11,900 $2,380 $9,520
2020 $429 $10,560 $2,110 $8,450
2019 $424 $9,130 $1,820 $7,310
2018 $409 $7,250 $1,450 $5,800
2017 $398 $6,430 $1,280 $5,150
2016 $397 $6,080 $1,210 $4,870
2015 $384 $4,910 $980 $3,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6868727

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-37-868