NOT LISTED FOR SALE

540 N May Unit 3116 Mesa, AZ 85201

Riverview Neighborhood

Estimated Value: $181,000 - $202,256

2 Beds
1 Bath
855 Sq Ft
1980 Built

Sale Details

Date Sold: November 7, 2025

Last sale price $187,000 $219 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,395 / mo

9 Days on Market

Highlights

  • Community Pool
  • Breakfast Bar
  • Central Air
  • Tennis Courts
  • Property is near bus stop
  • Ceiling Fan

About This Home

As of November 2025

Wow! This charming 2 bed, 1 bath single-level condo near Tempe is a must-see! Bright, open floor plan with great room, dining area, and kitchen with range, fridge, microwave & dishwasher. Inside laundry with extra storage plus a large patio with two storage closets. Community offers multiple pools, walking paths, recreation center & sports court. Prime location near Cubs Stadium, ASU, Tempe Town Lake, Mill Ave, and major freeways (101 & 202). Close to shopping, dining, hospitals, State Farm, Amazon & SRP. Minutes to Tempe Marketplace, Mesa Riverview, Cubs spring training, Phoenix Zoo, Desert Botanical Garden & Sky Harbor Airport. Don't miss this opportunity, check it out TODAY!

Last Agent to Sell the Property

Charles Martinet

Grand Canyon Realty License #Br634723000 Listed on: 10/18/2025

Co-Listed By

Anna Zofia Gurczak

Grand Canyon Realty License #SA671395000

Last Buyer's Agent

Puneet Chawla

Better Homes & Gardens Real Estate SJ Fowler License #SA664712000

Better Homes & Gardens Real Estate SJ Fowler

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $329

Year Built

  • Built in 1980

HOA Fees

  • $328 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Tile Roof

Interior Spaces

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

Kitchen

  • Breakfast Bar
  • Electric Cooktop

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Carport Space
  • Assigned Parking

Schools

  • Curry Elementary School
  • Connolly Middle School
  • Tempe High School

Utilities

  • Central Air
  • Heating Available

Additional Features

  • Block Wall Fence
  • Property is near bus stop

Listing and Financial Details

  • Tax Lot 3116
  • Assessor Parcel Number 135-37-833

Community Details

Overview

  • Association fees include roof repair, insurance, sewer, ground maintenance, trash, water, maintenance exterior
  • Preferred Community Association, Phone Number (480) 649-2017
  • Built by Los Racimos
  • Los Racimos Phase 2 A Subdivision

Amenities

  • Recreation Room

Recreation

  • Tennis Courts
  • Community Pool
  • Bike Trail

Property Details

Home Type

Condominium

Est. Annual Taxes

$329

Year Built

Built in 1980

Lot Details

0 Sq Ft Lot

HOA Fees

$328 per month

Listing Details

  • Cross Street: University and Evergreen
  • 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: 328.1
  • Basement: N
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1980
  • Tax Year: 2024
  • Property Sub Type: Apartment
  • Horses: No
  • Co List Office Mls Id: gcrt01
  • Co List Office Phone: 480-525-0031
  • Subdivision Name: LOS RACIMOS PHASE 2-A
  • Property Attached Yn: Yes
  • General Property Description:PriceSqFt: 218.71
  • Association Fees:HOA Fee2: 328.1
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Electric Cooktop: Yes
  • Special Features: None

Interior Features

  • Flooring: Vinyl
  • Basement YN: No
  • Spa Features: None
  • Appliances: Electric Cooktop
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: Breakfast Bar
  • Living Area: 855.0
  • Stories: 3
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Comm Tennis Court(s): Yes
  • Community Features:Near Bus Stop: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block
  • Pool Private: No
  • Disclosures: Agency Discl Req
  • Construction Type: Wood Frame, Painted
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • General Property Description:Community Pool YN2: Yes
  • General Property Description:Private Pool YN2: No

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)
  • 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, Tennis Court(s), Biking/Walking Path
  • 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 Transfer Fee2: 250.0
  • 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: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, Maintenance Exterior

Schools

  • Elementary School: Curry Elementary School
  • High School: Tempe 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: 96.0
  • Parcel #: 135-37-833

Building Info

  • Builder Name: Los Racimos

Tax Info

  • Tax Annual Amount: 329.0
  • Tax Book Number: 135.00
  • Tax Lot: 3116
  • Tax Map Number: 37.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2025
Closed on
Nov 6, 2025
Sold by
Bought by
Seller's Agent
Charles Martinet
Grand Canyon Realty
Buyer's Agent
Puneet Chawla
Better Homes & Gardens Real Estate SJ Fowler
List Price
$209,000
Sold Price
$187,000
Premium/Discount to List
-$22,000
-10.53%
Views
123
Current Estimated Value
$190,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,314
Avg. Annual Appreciation
2.44%

Purchase Details

Listed on
Oct 18, 2025
Closed on
Sep 30, 2025
Sold by
Bought by
Seller's Agent
Charles Martinet
Grand Canyon Realty
Buyer's Agent
Puneet Chawla
Better Homes & Gardens Real Estate SJ Fowler
List Price
$209,000
Sold Price
$187,000
Premium/Discount to List
-$22,000
-10.53%
Views
123

Purchase Details

Listed on
Jan 5, 2016
Closed on
Jun 9, 2016
Sold by
Bought by
Seller's Agent
Michael Bohlman
Arizona Elite Properties
Buyer's Agent
Carol Drew
HomeSmart
List Price
$84,500
Sold Price
$84,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.84%
Original Mortgage
$83,763
Interest Rate
0.0357%
Mortgage Type
VA

Purchase Details

Closed on
Mar 31, 2016
Sold by
Bought by

Purchase Details

Closed on
Jan 28, 2016
Sold by
Bought by

Purchase Details

Closed on
Mar 30, 2011
Sold by
Bought by

Purchase Details

Closed on
Mar 24, 2011
Sold by
Bought by

Purchase Details

Closed on
Mar 23, 2011
Sold by
Bought by

Purchase Details

Closed on
Aug 13, 2010
Sold by
Bought by

Purchase Details

Closed on
Mar 21, 2008
Sold by
Bought by

Purchase Details

Closed on
Aug 20, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,000
Interest Rate
0.0555%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Jan 11, 2006
Sold by
Bought by

Purchase Details

Closed on
Dec 20, 2005
Sold by
Bought by

Purchase Details

Closed on
Nov 15, 2005
Sold by
Bought by

Purchase Details

Closed on
Aug 31, 2005
Sold by
Bought by

Purchase Details

Closed on
Oct 3, 2003
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$187,000 Pioneer Title Agency
$133,500 None Listed On Document
$83,500 Greystone Title Agency
-- None Available
-- None Available
-- Stewart Title & Trust Of Pho
-- Lawyers Title Of Arizona Inc
$24,000 Lawyers Title Of Arizona Inc
$110,686 Accommodation
-- Empire Title Agency Of Arizo
-- None Available
-- Title Guaranty Agency Of Az
-- Capital Title Agency Inc
-- Capital Title Agency Inc
-- Capital Title Agency Inc
-- Capital Title Agency Inc
-- Capital Title Agency Inc
-- Capital Title Agency Inc
-- Capital Title Agency Inc
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $83,763
Previous Owner $213,000
Previous Owner $50,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/07/2025 11/07/25 Sold $187,000 -10.5% $219 / Sq Ft
10/18/2025 10/18/25 For Sale $209,000 +147.3% $244 / Sq Ft
06/22/2016 06/22/16 Sold $84,500 0.0% $99 / Sq Ft View Prior Sale
01/05/2016 01/05/16 For Sale $84,500 -- $99 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $322 $9,670 $1,930 $7,740
2019 $319 $8,320 $1,660 $6,660
2018 $305 $6,560 $1,310 $5,250
2017 $297 $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: 6934609

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-37-833

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