540 N MAY -- 1148, Mesa, AZ 85201, Mesa, 85201 - 2 bed, 1 bath
Loading property details...
Mesa, AZ 85201
This Well-Maintained Mesa Condominium is listed at $209,788, positioned near its $203,581 Fair Market Value. Featuring a Fair Condition Rating, the residence is move-in ready and offers significant mechanical security with a New AC with Warranty until 2032 and a New Water Heater. The functional layout is enhanced by a Private Covered Patio and access to Two Community Pools, with close proximity to McClintock High School and Tempe Marketplace. This property represents a stable entry into the Mesa market for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 540 N MAY -- 1148 Subject | $209,588* List Price | 2 | 1 | 938 | $217 | - |
A 540 N MAY Street 2132 Active | $199,000 List Price | 2 | 1 | 938 | $212 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1983, the property is well-maintained and move-in ready but shows significant signs of age. While the AC and water heater are recently updated, the interior features dated oak cabinetry, older white appliances, and popcorn ceilings. The kitchen and bathroom have not undergone a full modern renovation, placing it firmly in the fair category based on its 40+ year age and functional but outdated components.
The property features a recently replaced AC unit with a warranty valid until 2032 and a brand-new water heater, providing significant value and reducing immediate capital expenditure for the buyer.
The open layout is complemented by French doors leading to a private covered patio, which includes a storage room and direct access from one of the bedrooms, effectively extending the living space.
Rare for this price point, the unit includes two assigned parking spaces (one covered) and access to two community pools, enhancing both convenience and lifestyle appeal.
The two-bedroom layout is served by only one bathroom, which may limit appeal for roommates or families seeking more privacy and convenience.
Built in 1983, the property may require further cosmetic updates to the cabinetry and fixtures to compete with more modern or fully renovated units in the Mesa area.
Inviting apartment in Los Racimos Community! Enter to see an open layout featuring neutral paint, a blend of wood-style & tile flooring, & French doors to the patio for indoor-outdoor flow. A striking mirror in the dining area enhances the sense of space & light! The kitchen offers plenty of cabinetry, built-in appliances, track lighting, & a two-tier peninsula w/breakfast bar. This gem includes two generously sized bedrooms, each with spacious closets. One of the bedrooms enjoys private access to the patio! The bathroom has a convenient tub/shower combination. Plus, a stacked washer & dryer for everyday ease. Enjoy relaxing on your private covered patio with a storage room. AC only a few years old & has warranty until 2032. Water Heater NEW. There's one assigned covered parking space & one assigned uncovered space. Two community pools! Don't miss it!
No exterior & parking available.
Grades K-5 • 1.9 mi
Grades 6-8 • 1.8 mi
Grades 9-12 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 938 | 969 | 50% |
| Lot Size | 883 | 910 | 30% |
| Price | $209.6K | $104.8K | 50% |
| Price per sq ft | $223 | $112 | 50% |
| Built year | 1983 | 1986 | 30% |
| HOA | $328 | $220 | 90% |
| Days on market | 86 | 1626 | 10% |
Apr 20, 2026
$209,588
$209,688
+0% Price Increase
Initial Listing
Apr 14, 2026
$209,688
$209,788
+0% Price Increase
Initial Listing
Jan 26, 2026
$209,788
Initial Listing