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Sold for $264,900
  • $264,900

    540 N MAY -- #3054, Mesa, AZ 85201

    2beds
    2baths
    1,031sqft
    Condominium
    Built in 1980
    -- sqft lot
    $236,500 Zestimate®
    $257/sqft
    $1,575 Estimated rent

    Home value

    $236,500

    $222,000 - $248,000

    $1,575/mo

    Zestimate® history
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    What's special

    State farmDowntown phoenixSeparate rv parking areaSplit floor planRetirement homeSalt river projectSky harbor airport
    Wow!!! This freshly updated single-level 2 bedroom, 2 bathroom condominium with no interior steps near Tempe is a must-see! This split floor plan features a great room, dining room, and kitchen with brand-new stainless steel appliances including the range, dishwasher, built-in microwave, and refrigerator. New River White granite countertops, an undermount stainless sink, and a faucet have been installed. Both bathrooms have been updated with matching granite countertops, and new undermount sinks, faucets, and toilets. The home has been freshly painted with new baseboards and wood laminate flooring installed throughout. The screened-in patio/balcony has new outdoor carpeting and ample storage. Lastly, the home has an inside laundry room with additional storage. The community offers two community swimming pools, a clubhouse/recreation room, walking trails, a separate RV parking area, and is near a bus stop. This home could make a great first home, retirement home, rental property, or parent/s looking to put their money towards an investment versus renting an apartment or dorm room home for their college student/s. Near the home, one will find grocery stores, restaurants, and all the everyday services to meet your daily needs. The home is located in a prime location with easy access to both 101 & 202 Freeways. It is near destinations such as Arizona State University, Mill Ave, Tempe Town Lake, Tempe Marketplace, Sloan Park, Riverview Park, and Mesa Riverview. Additionally, the home is a short distance from Banner Desert Medical Center, Banner Children's Hospital, and Saint Luke's Hospital. Furthermore, Old Town Scottsdale, Sky Harbor Airport, and Downtown Phoenix are all a short drive away. Some of the major employers in the immediate and surrounding area include Arizona State University, State Farm, Honeywell, Northern Trust, Salt River Project (SRP Headquarters), Norton Lifelock, Microsoft, Amazon, Carvana, Robinhood, KPMG, Albertsons Safeway Group, JPMorgan Chase & Co, Wells Fargo, Edward Jones, Amkor, Avnet, First Solar, ASML, Microchip, Cigna Healthcare, Sonora Quest Laboratories, Express Scripts, Medtronic, Freescale, Insight Direct, GoDaddy, Boeing, Drivetime Automotive Group, and NXP Semiconductor to name a few. Come see this home today before it is too late!!!

    Zillow last checked:

    Listing updated:

    Listed by:

    Joseph Yu 602-391-5195,

    HomeSmart

    Bought with:

    Sarah J Diaz, SA690840000

    Realty ONE Group

    Source: ARMLS,MLS#: 6683273MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    Heating
    • Electric, Ceiling
    Cooling
    • Central Air, Ceiling Fan(s)
    Features
    • High Speed Internet, Granite Counters, Eat-in Kitchen, Breakfast Bar, No Interior Steps, Full Bth Master Bdrm
    • Flooring: Laminate
    • Has basement: No
    Interior area
    • Total structure area: 1,031
    • Total interior livable area: 1,031 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Assigned
    • Carport spaces: 1
    • Uncovered spaces: 1
    Accessibility
    • Accessibility features: Zero-Grade Entry
    Features
    • Stories: 3
    • Patio & porch: Covered
    • Exterior features: Balcony, Screened in Patio(s)
    • Has private pool: Yes
    • Pool features: Play Pool, Fenced
    • Spa features: None
    • Fencing: None
    Lot
    • Size: 1,126 Square Feet
    Details
    • Parcel number: 13537554

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Spanish
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Stucco, Wood Frame, Painted
    • Roof: Built-Up
    Condition
    • Year built: 1980
    Details
    • Builder name: US Homes Corp

    Utilities & green energy

    • Electric: 220 Volts in Kitchen
    • Sewer: Public Sewer
    • Water: City Water
    • Utilities for property: Sewer Available

    Community & HOA

    Community
    • Features: Near Bus Stop, Biking/Walking Path
    • Subdivision: LOS RACIMOS PHASE 1
    HOA
    • Has HOA: Yes
    • Services included: Roof Repair, Insurance, Maintenance Grounds, Trash, Roof Replacement, Maintenance Exterior
    • HOA fee: $324 monthly
    • HOA name: Los Racimos HOA
    • HOA phone: 480-649-2017
    Location
    • Region: Mesa

    Financial & listing details

    • Price per square foot: $257/sqft
    • Tax assessed value: $208,500
    • Annual tax amount: $462
    • Date on market: 3/29/2024
    • Cumulative days on market: 5 days
    • Listing terms: Cash,Conventional,1031 Exchange,FHA,VA Loan
    • Ownership: Condominium
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    5/2/2024Sold$264,900$257/sqft
    Source: ARMLS #6683273 Report a problem
    4/4/2024Pending sale$264,900$257/sqft
    Source: ARMLS #6683273 Report a problem
    3/29/2024Listed for sale$264,900+254.4%$257/sqft
    Source: ARMLS #6683273 Report a problem
    6/16/2014Sold$74,750$73/sqft
    Source: ARMLS #5107926 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$420 +7.8%$20,850 -7%
    2024$390 -15.4%$22,420 +416.1%
    2023$461 +2.8%$4,344 -69.5%
    2022$448 -0.1%$14,260 +14.5%
    2021$448 +1.1%$12,450 +13%
    2020$444 +3.8%$11,020 +14.2%
    2019$427 $9,650 +25.8%
    2018$427 +2.8%$7,670 +13.5%
    2017$415 +20.3%$6,760 +4.3%
    2016$345 -10.1%$6,480 +23.9%
    2015$384 $5,230 +41.4%
    2014-- $3,700 +48%
    2013-- $2,500 -24.2%
    2012-- $3,300 -23.3%
    2011-- $4,300 -47.6%
    2010-- $8,200 -22.6%
    2009-- $10,600 -3.6%
    2008-- $11,000 +38.4%
    2007-- $7,950 +39.5%
    2006-- $5,700
    2005-- $5,700 +7.5%
    2004-- $5,300
    2003-- $5,300 +24.7%
    2002-- $4,250
    Find assessor info on the county website

    Neighborhood: Los Racimos

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Curry Elementary School
    • Middle: Connolly Middle School
    • High: McClintock High School
    • District: Tempe Elementary School District

    Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $236,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $236,500