NOT LISTED FOR SALE

540 N May Unit 3118 Mesa, AZ 85201

Riverview Neighborhood

Estimated Value: $248,000 - $267,000

2 Beds
2 Baths
1,031 Sq Ft
$324/mo HOA Fee

Last Sold May 09, 2024

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

Est. 3% decrease in value since last sale

Current estimated payment $1,706/month

30 Days on Market

Highlights

  • Property is near public transit
  • 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
  • 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 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

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
  • 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
$257,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,678
Avg. Annual Appreciation
-1.73%
Original Mortgage
$211,200
Outstanding Balance
$208,187
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$49,135
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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
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 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 $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

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

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6669599

Arizona Regional Multiple Listing Service (ARMLS)

APN: 135-37-835