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$300,000

Beds
2
Baths
2.0
sq ft
1,031

540 North May Unit 1102, Mesa, AZ 85201

540 North May Unit 1102

Mesa, AZ 85201

  • 8 days on market
This rare ground-floor, end-unit condo features a split floorplan with 2 bedrooms and 2 bathrooms. It includes an indoor laundry area, ample storage space, and a large patio with two additional storage closets. The unit is conveniently located near the community pool, recreation center, and sports court. The complex offers several pools, a variety of amenities, and walking paths throughout. You'll be within walking distance to the Cubs' spring training facility, ASU, Old Town Scottsdale, the Phoenix Zoo, Desert Botanical Garden, the Riverwalk, and Tempe Marketplace, which offers great shopping, dining, and entertainment. Additionally, you'll have easy access to Phoenix Sky Harbor Airport and major freeways, making this an ideal location for both convenience and leisure.

Details

Property type

Condominium

Est. home value

$276,108

Lot size

87 sq ft

Price per sq ft

$291

Year built

1980

Annual property taxes

$392

Monthly HOA fee

$323.82

Price History

12/13/2024
ArizonaRegional

ArizonaRegional #6794049

Listed
$300,000
+17.65%
06/30/2022
ArizonaRegional

ArizonaRegional #6397559

Sold
$255,000

Schools & Community

Neighborhood: 

Los Racimos

Elementary school: 

Curry Elementary School

Middle school: 

Connolly Middle School

High school: 

Tempe High School

Community features: 

Tennis Court(s), Clubhouse, Pool, Sidewalks

High school district: 

Tempe Union High School District

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$42,872
Asking price
$300,000
Closing costs (~8% of asking)
-$24,000
Est. remaining loan balance
-$233,128
Cash to seller
$42,872

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Barrett Financial Group Llc

Loan start date

June 2022

Original loan amount

$242,250

Est. remaining balance

$233,128

Interest rate

5.1%

Loan type

New Conventional, 30 year

Seller

Owen Johnson

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/21/2024 at 9:50 AM

Listing updated: 12/17/2024 at 8:07 AM

Listed by: Brian L Duncan, Barrett Real Estate Phone #: (480) 864-2100

MLS: ArizonaRegional #6794049

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