NOT LISTED FOR SALE

2928 E Cicero St Mesa, AZ 85213

The Groves Neighborhood

Estimated Value: $777,536 - $888,000

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

Last Sold December 18, 2020

Last sale price $575,000 $150 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $4,686/month

5 Days on Market

Highlights

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

About This Home

As of December 2020

Welcome to University Villas! This fourplex features large 2 bedroom/2 bath units with maintained landscape, convenient attached storage for tenants and covered parking. All units have W/D hook ups available and three units have been fully renovated approx 5 years ago. Property is currently under-rented and need to be raised to market value.
University Villas is located in the rapidly growing city of Mesa, AZ. Growth in Mesa has been steadily increasing and is fueled by major employers such as Boeing, Banner Health & MD Helicopters, and with expansion in the city such as a new light rail system, ASU extension, 250$M sports park and other exiting upcoming opportunities!
Drive by only - tenants are unaware of sale. Buyer to verify all MLS information, as facts and figures are approximate.

Last Agent to Sell the Property

Carla Magee

My Home Group Real Estate License #SA685362000 Listed on: 10/24/2020

My Home Group Real Estate

Last Buyer's Agent

Clay Layton

West USA Realty License #SA103939000

West USA Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,215

Year Built

  • Built in 1986

Lot Details

  • 8,015

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Schools

  • Highland Elementary School
  • Poston Junior High School
  • Mountain View High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 8
  • Assessor Parcel Number 140-11-369

Community Details

Overview

  • 4 Units
  • Building Dimensions are Irr

Building Details

  • Operating Expense $14,555
  • Gross Income $4,180
  • Net Operating Income $34,097

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,215

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Cross Street: Lindsay and University
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Year Built: 1986
  • Tax Year: 2020
  • Directions: East on University from Lindsay to Roca, North to Cicero, East to property. NO SIGN ON PROPERTY
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2640.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • 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: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Common
  • Attached Garage: No
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:Carport: Yes
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Heat Pump, Electric
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 1000.0
  • Annual Water Sewer Expense: 2500.0

Schools

  • Elementary School: Highland Elementary School
  • High School: Mountain View High School
  • Middle Or Junior School: Poston Junior High School

Lot Info

  • Lot Size: Irr
  • Additional Parcels: No
  • Parcel #: 140-11-369

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 4180.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 3500.0
  • Property Net Operating Income: 34097.0
  • Annual Operating Expense: 14555.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2215.0
  • Tax Book Number: 140.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2020
Closed on
Nov 5, 2020
Sold by
Leonhardt Tyler David and Leonhardt Amber Valerie
Bought by
Leonhardt Amber Valerie
Seller's Agent
Carla Magee
My Home Group Real Estate
Buyer's Agent
Clay Layton
West USA Realty
List Price
$575,000
Sold Price
$575,000
Current Estimated Value
$814,634

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,634
Avg. Annual Appreciation
7.94%
Original Mortgage
$431,250
Outstanding Balance
$387,462
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$427,172

Purchase Details

Closed on
Feb 28, 2018
Sold by
Brady Mary C and Hargis Barry G
Bought by
Brady Mary C

Purchase Details

Closed on
Nov 22, 2017
Sold by
Brady Mary C
Bought by
Brady Mary C and Hargis Barry G

Purchase Details

Closed on
Apr 7, 2005
Sold by
Guhin James D
Bought by
Brady Mary and Brady Mary C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,300
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 20, 2004
Sold by
Wilson Leland and Wilson Patricia A
Bought by
Guhin James D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Leonhardt Amber Valerie -- First American Title Ins Co
Leonhardt Amber Valerie $575,000 First American Title Ins Co
Brady Mary C -- None Available
Brady Mary C -- None Available
Brady Mary $379,000 Arizona Title Agency Inc
Guhin James D -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leonhardt Amber Valerie $431,250
Previous Owner Brady Mary C $241,750
Previous Owner Brady Mary $265,300
Previous Owner Guhin James D $184,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2020 12/18/20 Sold $575,000 0.0% $150 / Sq Ft
12/02/2020 12/02/20 Price Changed $575,000 0.0% $150 / Sq Ft
10/28/2020 10/28/20 Pending -- -- --
10/23/2020 10/23/20 For Sale $575,000 -- $150 / 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 $2,246 $22,878 -- --
2024 $2,264 $21,788 -- --
2023 $2,264 $61,320 $12,260 $49,060
2022 $2,217 $46,320 $9,260 $37,060
2021 $2,244 $37,380 $7,470 $29,910
2020 $2,215 $35,180 $7,030 $28,150
2019 $2,070 $25,850 $5,170 $20,680
2018 $1,986 $23,450 $4,690 $18,760
2017 $1,927 $19,780 $3,950 $15,830
2016 $1,891 $18,920 $3,780 $15,140
2015 $1,778 $16,880 $3,370 $13,510
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Carla Magee

    My Home Group

    (480) 685-2760

    1 in this area

    42 Total Sales

    Carla Magee
    Section Image
  • Clay Layton

    Buyer's Agent in 2020

    Clay Layton

    West USA Realty

    (480) 820-3333

    2 in this area

    10 Total Sales

    Clay Layton
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6151380

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-11-369

Arizona Maricopa County Mesa 85213 The Groves

2928 E Cicero St, Mesa, AZ

This home is located at 2928 E Cicero St, Mesa, AZ 85213 since 24 October 2020 and is currently estimated at $814,634, approximately $212 per square foot. This property was built in 1986. 2928 E Cicero St is a home located in Maricopa County with nearby schools including Highland Elementary School, Franklin at Brimhall Elementary School, and Franklin West Elementary School.

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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