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61 North May

61 North May, Mesa, AZ 85201
Property in Maricopa
Sold Nov 23, 2021
$2,040,000
$1,700,000 by Bank 34
Mortgage
Sold Oct 20, 2017
$839,900
$465,000 by California Coast Cu
Mortgage Due Nov 01, 2027
61 North May has been categorized by the local assessors in Mesa, AZ as a residential type of property. The building on the property was first built in 1986 and is 38 years old. The building has a total of 2 stories. In addition, 61 North May has 4,464 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 8,188 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of aluminum. The property was last sold in Nov 12, 2021 for $2,040,000. That's $456.99 per sqft. Prior to that sales transaction, the property was also sold in Oct 20, 2017 for $839,900. 61 North May was last assessed in 2023. The total value of the property was assessed at $62,010. Specifically, the land the property is located on was valued at $12,110. While improvements on the property were assessed at a total of $49,900. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,765. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Roof Cover Type: Aluminium
  • Floor Count: 2
  • Living Units: 6
  • Business/Commerical Units Count: 6
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,188
  • Total Building Area: 4,464
  • Gross Building Area: 4,464
  • Building Area: 4,464
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,464
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SAN CLEMENTE
  • Land Acres: 0.188
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: SAN CLEMENTE MCR 22/46

Ownership

  • Current Owner : CD CAP CATALINA LLC
  • Previous Owner : PAUL ADAMS PALMS LLC
  • Owner Before Previous Owner: CHAN KEITH
  • Owner Before Previous Owner 2: CHAN DIANE
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Mesa Unified District
  • Census Tract: 421303

Zoning

  • Zoning: M-H

Geography

  • Assessors Map Reference: 2246
  • Parcel: 135-47-094
  • Lot: 90
  • Meridian: SEC 19 TWN 1N RNG 5E
  • Municipality: MESA
  • Latitude: 33.4164
  • Longitude: -111.879

    Address

  • Full Address: 61 N May
  • Address - House Number: 61
  • Street Direction: N
  • Address - Street Name: May
  • State: AZ
  • City Name: Mesa
  • Carrier Code: C033
  • 4-Digit Zip Code: 6862
  • Zip Code: 85201

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,765
  • Tax Rate Code Area: 041000

    Appraisal Valuation

  • Standard Deviation: 0.2987
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 40
  • Final Value: 908,867
  • High Value: 1,180,373
  • Low Value: 637,360

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,700,000
  • First Open Lien Mortgage Lender: BANK 34
  • First Open Lien Mortgage Recording Date: Nov 23, 2021
  • First Open Lien Mortgage Loan Amount: $1,700,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan

    Market Valuation

  • Market Total Value: $620,100
  • Market Land Value: $121,100
  • Market Improvement Value: $499,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $62,010
  • Assessed Land Value: $12,110
  • Assessed Improvements Value: $49,900

    Sales

  • Current Sale Contract Date: Nov 12, 2021
  • Current Sale Recording Date: Nov 23, 2021
  • Current Sale Transaction ID: 11869074316
  • Current Sale Price: $2,040,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 20211253232
  • Previous Sale Recording Date: Oct 20, 2017
  • Previous Sale Contract Date: Oct 20, 2017
  • Previous Sale Amount: $839,900
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK 34
  • First Mortgage Transaction Date: Nov 23, 2021
  • First Mortgage Loan Amount: $1,700,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

    Previous Mortgages

  • Previous Mortgage Lender: CALIFORNIA COAST CU
  • Previous Mortgage Transaction Date: Oct 20, 2017
  • Previous Mortgage Loan Amount: $465,000
  • Previous Mortgage Term: 120
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Nov 01, 2027

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Frequently Asked Questions

What neighborhood is 61 North May located in?
The 61 North May is a located in the neighborhood of Maricopa in Mesa, Mesa.
What is the average sales price for listings in 61 North May?
The average sales price for units in 61 North May is $0 currently.

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