540 May St
Mesa, AZ 85201
2 bd 2 ba 988 sqft Built 1981 Lot 4,181,760 sqft apartment
Most recent sale
$306,000
Jun 1, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 29, 2024 | Listing removed | $850 | ArizonaRegionalMLS |
| Jun 1, 2022 | Sold | $306,000 | MLS #6389068 |
| Apr 25, 2022 | Listed | $275,000 | MLS #6389068 |
| Jun 2, 2016 | Sold | $105,000 | Public Record |
| Apr 8, 2016 | Listing removed | $105,000 | ArizonaRegionalMLS |
| Apr 5, 2016 | Listed | $105,000 | MLS #5423545 |
| Feb 24, 2014 | Listing removed | $850 | ArizonaRegionalMLS |
| Dec 30, 2013 | Price changed for rent | $850 | ArizonaRegionalMLS |
| Nov 12, 2013 | Listed for rent | $900 | ArizonaRegionalMLS |
| Jul 31, 2009 | Listing removed | $800 | ArizonaRegionalMLS |
| Jul 28, 2009 | Listed for rent | $800 | ArizonaRegionalMLS |
| Jul 24, 2009 | Listing removed | $800 | ArizonaRegionalMLS |
| Jun 17, 2009 | Listed for rent | $800 | ArizonaRegionalMLS |
| Nov 1, 2004 | Sold | $75,000 | Public Record |
| Oct 24, 2001 | Sold | $67,500 | Public Record |
| Mar 31, 1988 | Sold | $43,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2022 | $11,460 | $2,860 | $14,320 | $447 |
| 2021 | $9,950 | $2,480 | $12,430 | $462 |
| 2020 | $8,780 | $2,190 | $10,970 | $447 |
| 2019 | $7,670 | $1,910 | $9,580 | $442 |
| 2018 | $6,070 | $1,510 | $7,580 | $426 |
| 2017 | $5,370 | $1,340 | $6,710 | $414 |
| 2016 | $5,130 | $1,280 | $6,410 | $414 |
| 2015 | $4,150 | $1,030 | $5,180 | $400 |
| 2014 | $2,950 | $730 | $3,680 | $434 |
| 2013 | $2,000 | $500 | $2,500 | $340 |
| 2012 | $2,000 | $500 | $2,500 | $400 |
| 2011 | $2,640 | $660 | $3,300 | $442 |
| 2009 | $8,320 | $2,080 | $10,400 | $778 |
| 2008 | $9,000 | $2,250 | $11,250 | $717 |
| 2007 | $6,520 | $1,630 | $8,150 | $634 |
Property facts
Year built
1981
Property type
apartment
Stories
1
Beds
2
Baths
2
Living area
988 sqft
Lot size
4,181,760 sqft
ZIP code
85201
City
Mesa
Street
May St
Coordinates
33.42553, -111.88204
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,531
Gross rental yield
6.00%
Implied cap rate
3.90%
Trend-extrapolated value
—
Frequently asked questions
When did 540 May St last sell?
540 May St most recently sold on Jun 1, 2022 for $306,000.
What is the current tax assessment for 540 May St?
The most recent total assessment for 540 May St (year 2022) is $14,320 with $447 in property tax.
How does 540 May St's assessment compare to its last sale price?
The current assessment is 95.3% below the last sale price of $306,000.
When was 540 May St built?
540 May St was built in 1981.
How does 540 May St compare to others on May St?
We track 8 other properties on May St. Browse the list under "Other properties on May St" to compare beds, baths, and sale history.
What are the property facts for 540 May St?
540 May St is a 2 bed, 2 bath, 988 sqft, 4,181,760 sqft lot apartment.
Is 540 May St a flip candidate?
No — 540 May St does not appear in our flips dataset.
Is 540 May St a tax-appeal candidate?
No — 540 May St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-4.8%
Implied 1-yr
-19.3%
2026 Q3
$223.5K
2026 Q4
$223.5K
ZIP 85201 — Median Price History + Forecast
Explore nearby
Other properties on May St