NOT LISTED FOR SALE

2920 E Cicero St Mesa, AZ 85213

The Groves Neighborhood

Estimated Value: $738,518 - $984,000

8 Beds
-- Bath
3,828 Sq Ft
$213/Sq Ft Est. Value

Last Sold November 15, 2021

Last sale price $695,000 $182 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,460/month

8 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of November 2021

Each unit is a large 2bed/2bath with fresh tile throughout. Tenants pay electric. There are 4 separate storage rooms for each unit. Ample amount of parking. Room for higher rents as the market continues to grow. Great investment opportunity! Buyer to verify all material facts deemed important. Inspection of property only after offer accepted. Please do not disturb tenants.

Last Agent to Sell the Property

Larry Burr

ATLAS AZ, LLC License #SA684467000 Listed on: 10/11/2021

Last Buyer's Agent

Michael Gordon

Grace CRE License #BR688636000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,307

Year Built

  • Built in 1985

Lot Details

  • 8,015

Home Design

  • Wood Frame Construction
  • Tile Roof

Flooring

  • Wood Flooring

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling Available
  • Heat Pump System
  • Individual Controls for Heating

Listing and Financial Details

  • The owner pays for trash collection, water, sewer
  • Tax Lot 9
  • Assessor Parcel Number 140-11-370

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8028
  • University Villa East Subdivision

Building Details

  • Operating Expense $12,589
  • Gross Income $45,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,307

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: E University Drive/N Lindsay Rd.
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: multifamily
  • Number Of Buildings: 1
  • Year Built: 1985
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Professional Management Expense: 3648.0
  • Subdivision Name: UNIVERSITY VILLA EAST
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 4.0
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Lot Info

  • Lot Size: 8028
  • Additional Parcels: No
  • Parcel #: 140-11-370

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Number Of Units Total: 4
  • Electric Expense: 1200.0
  • Annual Gross Income: 45600.0
  • Insurance Expense: 2230.0
  • Maintenance Expense: 3204.0
  • Annual Operating Expense: 12589.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2307.0
  • Tax Book Number: 140.00
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2021
Closed on
Nov 12, 2021
Sold by
Kabra Geetanjali
Bought by
Kabra Sameer
Seller's Agent
Larry Burr
ATLAS AZ, LLC
Buyer's Agent
Michael Gordon
Grace CRE
List Price
$675,000
Sold Price
$695,000
Premium/Discount to List
$20,000
2.96%
Current Estimated Value
$815,880

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,880
Avg. Annual Appreciation
3.93%
Original Mortgage
$521,250
Outstanding Balance
$477,768
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$338,112

Purchase Details

Listed on
Oct 11, 2021
Closed on
Nov 8, 2021
Sold by
2920 Cicero Llc
Bought by
Kabra Sameer
Seller's Agent
Larry Burr
ATLAS AZ, LLC
Buyer's Agent
Michael Gordon
Grace CRE
List Price
$675,000
Sold Price
$695,000
Premium/Discount to List
$20,000
2.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$521,250
Outstanding Balance
$477,768
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$338,112

Purchase Details

Closed on
Sep 2, 2020
Sold by
Henderson Sasha J
Bought by
2920 Cicero Llc

Purchase Details

Listed on
Jan 21, 2020
Closed on
Feb 20, 2020
Sold by
Willams Tyler
Bought by
Henderson Sasha J
Seller's Agent
Tyler Williams
M&B Realty
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$550,000
Sold Price
$550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.92%
Original Mortgage
$275,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 15, 2014
Closed on
Nov 18, 2014
Sold by
Performance Assets Group Llc
Bought by
Williams Tyler
Seller's Agent
Brian Gaffney
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Brian Gaffney
Better Homes & Gardens Real Estate SJ Fowler
List Price
$274,900
Sold Price
$250,000
Premium/Discount to List
-$24,900
-9.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.27%
Original Mortgage
$187,500
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 4, 2010
Sold by
Rohrbeck Derek John and Rohrbeck Melinda Ann
Bought by
Performance Assets Group Llc

Purchase Details

Closed on
Apr 14, 2010
Sold by
Theriault Regis and Theriault Ginette
Bought by
Rohrbeck Derek John and Rohrbeck Melinda Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,011
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 17, 2010
Sold by
R & G I Llc
Bought by
Theriault Regis and Theriault Ginette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,011
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 1, 2006
Sold by
Theriault Regis and Theriault Ginette
Bought by
R & G I Llc

Purchase Details

Closed on
May 8, 2006
Sold by
Trajano Edna and Trajano Rolando
Bought by
Theriault Regis and Theriault Ginette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 3, 2005
Sold by
Hidalgo Cristina
Bought by
Trajano Rolando and Trajano Edna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2005
Sold by
Leiva Mauricio
Bought by
Hidalgo Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2000
Sold by
Martinez Sylvia Cea
Bought by
Hidalgo Cristina

Purchase Details

Closed on
Aug 8, 1996
Sold by
Hud
Bought by
Cea Sylvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,581
Interest Rate
8.3%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 17, 1996
Sold by
Banc One Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Jan 12, 1996
Sold by
Hale Kim Del and Hale Lynda S
Bought by
Banc One Mtg Corp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kabra Sameer -- Old Republic Title Agency
Kabra Sameer $695,000 Old Republic Title Agency
2920 Cicero Llc -- First Integrity Title Agency
Henderson Sasha J $550,000 First Integrity Title Agency
Williams Tyler -- First Integrity Title Agency
Williams Tyler $250,000 Lawyers Title Of Arizona Inc
Performance Assets Group Llc -- None Available
Rohrbeck Derek John $165,000 Grand Canyon Title Agency In
Theriault Regis -- Accommodation
R & G I Llc -- None Available
Theriault Regis $398,000 Grand Canyon Title Agency In
Trajano Rolando $370,000 Grand Canyon Title Agency In
Hidalgo Christina -- Grand Canyon Title Agency In
Hidalgo Cristina -- --
Cea Sylvia -- First Southwestern Title
Hud -- Chicago Title Insurance Co
Banc One Mtg Corp -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kabra Sameer $521,250
Closed Kabra Sameer $521,250
Previous Owner Henderson Sasha J $275,000
Previous Owner Williams Tyler $187,500
Previous Owner Rohrbeck Derek John $162,011
Previous Owner Theriault Regis $316,000
Previous Owner Trajano Rolando $296,000
Previous Owner Cea Sylvia $169,581
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/15/2021 11/15/21 Sold $695,000 +3.0% $182 / Sq Ft
10/05/2021 10/05/21 For Sale $675,000 +22.7% $176 / Sq Ft
02/24/2020 02/24/20 Sold $550,000 0.0% $144 / Sq Ft View Prior Sale
01/23/2020 01/23/20 Pending -- -- --
01/21/2020 01/21/20 For Sale $550,000 +120.0% $144 / Sq Ft
12/04/2014 12/04/14 Sold $250,000 -9.1% $65 / Sq Ft View Prior Sale
10/30/2014 10/30/14 Pending -- -- --
08/15/2014 08/15/14 For Sale $274,900 -- $72 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,320 $23,517 -- --
2024 $2,327 $22,398 -- --
2023 $2,327 $61,260 $12,250 $49,010
2022 $2,279 $46,280 $9,250 $37,030
2021 $2,307 $37,370 $7,470 $29,900
2020 $2,277 $35,130 $7,020 $28,110
2019 $2,127 $25,800 $5,160 $20,640
2018 $2,042 $23,400 $4,680 $18,720
2017 $1,981 $20,620 $4,120 $16,500
2016 $1,944 $20,900 $4,180 $16,720
2015 $1,827 $19,580 $3,910 $15,670
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Larry Burr

    ATLAS AZ, LLC

    (480) 828-3283

    1 in this area

    84 Total Sales

    Larry Burr
    Section Image
  • Michael Gordon

    Buyer's Agent in 2021

    Michael Gordon

    Grace CRE

    (858) 774-6058

    2 in this area

    71 Total Sales

    Michael Gordon
    Section Image

  • T

    Seller's Agent in 2020

    Tyler Williams

    M&B Realty

  • N

    Buyer's Agent in 2020

    Non-MLS Agent

    Non-MLS Office

  • Brian Gaffney

    Seller's Agent in 2014

    Brian Gaffney

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 264-8400

    19 Total Sales

    Brian Gaffney
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6305715

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-11-370

Arizona Maricopa County Mesa 85213 The Groves

2920 E Cicero St, Mesa, AZ

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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