NOT LISTED FOR SALE

540 N May Unit 3118 Mesa, AZ 85201

Riverview Neighborhood

Estimated Value: $233,000 - $249,748

2 Beds
2 Baths
1,031 Sq Ft
1980 Built

Sale Details

Date Sold: May 9, 2024

Last sale price $264,000 $256 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $1,633 / mo

30 Days on Market

Highlights

  • Property is near public transit and bus stop
  • Community Pool
  • Bike Trail
  • End Unit
  • Central Air
  • Grass Covered Lot

About This Home

As of May 2024

TASTEFULLY UPDATED! Comfort meets convenience in this charming 2-bed, 2-bath end unit near the pool with elevator access. Come inside to discover a semi-open layout paired with wood plank LVP in common areas, fresh paint, and sliding doors to the large balcony. The kitchen boasts new stainless-steel appliances, a pantry, white cabinetry, and a 2-tiered peninsula. Excellent split floor plan for added privacy! The main bedroom stands out with a full bath, walk-in closet and balcony access. This gem also comes with a new Trane HVAC and water heater. Enjoy the views relaxing on your cozy balcony, where you will also find 2 storage rooms! Don't miss the Community pools and spacious grounds. Great location near ASU, Tempe Marketplace, Cubs spring training stadium, and freeways. Move-in ready!

Last Agent to Sell the Property

David Ewell

American Associates License #BR021201000 Listed on: 03/04/2024

Last Buyer's Agent

Will Carter

Real Broker License #BR106298000

Real Broker

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $463

Year Built

  • Built in 1980

Lot Details

  • End Unit
  • 1 Common Wall
  • Grass Covered Lot

HOA Fees

  • $324 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Foam Roof
  • Stucco

Interior Spaces

  • 1,031 Sq Ft Home
  • 3-Story Property

Kitchen

  • Built-In Microwave
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms

Parking

  • 1 Carport Space
  • Assigned Parking

Location

  • Property is near public transit and bus stop

Schools

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

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 3118
  • Assessor Parcel Number 135-37-835

Community Details

Overview

  • 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 Homes
  • Los Racimos Phase 2 A Subdivision

Amenities

  • Recreation Room

Recreation

  • Community Pool
  • Bike Trail

Property Details

Home Type

Condominium

Est. Annual Taxes

$463

Year Built

Built in 1980

Lot Details

0 Sq Ft Lot

HOA Fees

$324 per month

Listing Details

  • Cross Street: 101 and University
  • 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: 323.82
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 1.0
  • 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
  • Subdivision Name: LOS RACIMOS PHASE 2-A
  • Property Attached Yn: Yes
  • General Property Description:PriceSqFt: 256.06
  • Association Fees:HOA Fee2: 323.82
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Vinyl
  • Basement YN: No
  • Spa Features: None
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Full Bth Master Bdrm, Laminate Counters
  • Living Area: 1031.0
  • Stories: 3
  • Community Features:ClubhouseRec Room: Yes
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:BikingWalking Path: Yes
  • Kitchen Features:Laminate Counters: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Near Light Rail Stop: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: None
  • Lot Features: Grass Front, Grass Back
  • Pool Features: None
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: 1 Common Wall, End Unit
  • Construction Type: Stucco, Wood Frame, Painted
  • Roof: Foam
  • Construction:Frame - Wood: Yes

Garage/Parking

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

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 Pool, Near Light Rail Stop, Near Bus Stop, Biking/Walking Path
  • Association Fee: 323.82
  • 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: 175.0
  • 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: 647.64
  • Association Fees:Disclosure Fees HOA: 400.0
  • 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: 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: 115.0
  • Parcel #: 135-37-835

Building Info

  • Builder Name: US Homes

Tax Info

  • Tax Annual Amount: 463.0
  • Tax Book Number: 135.00
  • Tax Lot: 3118
  • Tax Map Number: 37.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2024
Closed on
May 9, 2024
Sold by
Mortensen Holly
Bought by
Sempert Ian E
Seller's Agent
David Ewell
American Associates
Buyer's Agent
Will Carter
Real Broker
List Price
$269,000
Sold Price
$264,000
Premium/Discount to List
-$5,000
-1.86%
Views
145
Current Estimated Value
$241,937

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,063
Avg. Annual Appreciation
-4.33%
Original Mortgage
$211,200
Outstanding Balance
$208,187
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$33,750
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

Date Buyer Sale Price Title Company
Sempert Ian E $264,000 Ata Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sempert Ian E $211,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2024 05/09/24 Sold $264,000 +1.9% $256 / Sq Ft
04/04/2024 04/04/24 Pending -- -- --
03/29/2024 03/29/24 Price Changed $259,000 -3.7% $251 / Sq Ft
03/04/2024 03/04/24 For Sale $269,000 0.0% $261 / Sq Ft
03/02/2024 03/02/24 Price Changed $269,000 0.0% $261 / Sq Ft
01/17/2020 01/17/20 Rented $1,025 0.0% --
01/15/2020 01/15/20 Under Contract -- -- --
01/07/2020 01/07/20 For Rent $1,025 +10.8% --
10/01/2018 10/01/18 Rented $925 0.0% --
09/27/2018 09/27/18 Under Contract -- -- --
09/13/2018 09/13/18 For Rent $925 +42.3% --
05/17/2012 05/17/12 Rented $650 +4.0% --
05/17/2012 05/17/12 Off Market $625 -- --
12/19/2011 12/19/11 For Rent $650 -- --
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 $423 $4,789 -- --
2024 $463 $4,561 -- --
2023 $463 $17,430 $3,480 $13,950
2022 $448 $14,260 $2,850 $11,410
2021 $463 $12,450 $2,490 $9,960
2020 $448 $11,020 $2,200 $8,820
2019 $444 $9,650 $1,930 $7,720
2018 $427 $7,670 $1,530 $6,140
2017 $415 $6,760 $1,350 $5,410
2016 $415 $6,480 $1,290 $5,190
2015 $401 $5,230 $1,040 $4,190
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6669599

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-37-835

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