540 N MAY -- 3102, Mesa, AZ 85201, Mesa, 85201 - 2 bed, 2 bath
Loading property details...
Mesa, AZ 85201
This Well-Maintained Mesa Condominium is listed at $234,000, representing a stable entry point at its $232,222 Fair Market Value. Featuring a Condition Rating of 4, the residence offers immediate move-in readiness with new kitchen appliances, a new water heater, and dual-pane windows. Residents benefit from lifestyle amenities including a pool and spa, alongside proximity to ASU, Sloan Park, and McClintock High School. This property balances functional updates with a prime location, making it a premier choice for first-time buyers or ASU students seeking a turnkey lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 540 N MAY -- 3102 Subject | $234,000* List Price | 2 | 2 | 1,031 | $225 | - |
A 540 N MAY -- 1148 Active | $209,788 List Price | 2 | 1 | 938 | $224 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and move-in ready, but the kitchen and bathrooms feature dated styles, including oak cabinetry and laminate countertops consistent with its 1980 build. While it benefits from some new appliances, a new water heater, and dual-pane windows, it lacks the extensive modern renovation required for a higher rating.
The property is ideally situated near ASU, Tempe Marketplace, and Sloan Park, offering high appeal for students, seasonal visitors, and commuters.
Features several key improvements including new kitchen appliances, a new dryer, a new water heater, and dual-pane windows, minimizing immediate maintenance needs.
The availability of FHA and VA financing options makes this an excellent opportunity for first-time buyers or veterans looking for low-to-no down payment entries.
The $388 monthly association fee is relatively high for this price point, which may impact the overall affordability and debt-to-income ratio for some buyers.
Constructed in 1980, the property may require more long-term infrastructure maintenance compared to newer developments in the Mesa area.
This lovely 2-bedroom condo embodies convenience and comfort. Take advantage of low down (FHA) and no down (VA) financing available, easy lender qualify! Perfect opportunity for ASU students, winter visitors, & first time home buyers. Condo features tile flooring, neutral tones, sliding patio doors that open to a large balcony, and ceiling fans thruout. Dining room adjacent to the kitchen. Kitchen has matching appliances, new stove/hood/ dishwasher, recessed lighting, oak cabinets. Sizable primary bedroom has its own balcony access, walk-in closet, refinished bathtubs. Dual pane windows, New dryer, water heater, blinds, & security door. Owner resurfaced & painted the patio/balcony floors. Close to ASU, Tempe Marketplace/Mesa Riverview shopping & Cubs spring training (Sloan Park).
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 | 2.0 | 2.0 | 50% |
| Square foot | 1,031 | 1,000 | 70% |
| Lot Size | 100 | 910 | 30% |
| Price | $234.0K | $117.0K | 50% |
| Price per sq ft | $227 | $113 | 50% |
| Built year | 1980 | 1986 | 30% |
| HOA | $388 | $220 | 90% |
| Days on market | 97 | 1626 | 10% |
Jan 15, 2026
$234,000
Initial Listing