NOT LISTED FOR SALE

3011 E Cicero St Mesa, AZ 85213

The Groves Neighborhood

Estimated Value: $635,608 - $916,000

1 Bed
-- Bath
4,032 Sq Ft
$188/Sq Ft Est. Value

Last Sold March 05, 2018

Last sale price $380,000 $94 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $4,159/month

94 Days on Market

About This Home

As of March 2018

Great 4 plex, with all 4 units occupied with month to month tenants. All units are 2 story, townhouse style 2 bed 2 bath apartments. Inside laundry facilities in each unit. Tenant pays all utilities except water/trash.

Last Agent to Sell the Property

Wally Erickson

Erickson Realty Group L.L.C. License #BR523953000 Listed on: 10/21/2017

Last Buyer's Agent

Nicholas Yale

Brokers Hub Realty, LLC License #BR517934000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,965

Year Built

  • Built in 1987

Lot Details

  • 8,320

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Covered Spaces
  • Common or Shared Parking

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 21
  • Assessor Parcel Number 140-11-382

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8571
  • University Villa East Lot 1 49 Subdivision

Building Details

  • Operating Expense $12,772
  • Net Operating Income $21,232

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,965

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Cross Street: Lindsey / University
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Year Built: 1987
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Professional Management Expense: 1625.0
  • Subdivision Name: UNIVERSITY VILLA EAST LOT 1-49
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: 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: 2.0
  • Total Parking Spaces: 6.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 2.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Carport: Yes
  • Parking:Free: Yes
  • Parking:Street Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Trash Expense: 5099.0

Lot Info

  • Lot Size: 8571
  • Additional Parcels: No
  • Parcel #: 140-11-382

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Insurance Expense: 710.0
  • Maintenance Expense: 3183.0
  • Property Net Operating Income: 21232.0
  • Annual Operating Expense: 12772.0

Tax Info

  • Tax Annual Amount: 1965.0
  • Tax Book Number: 140.00
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 23, 2023
Sold by
Cicero Landing Llc
Bought by
Van Horn Landing Trust
Current Estimated Value
$758,652

Purchase Details

Closed on
May 12, 2020
Sold by
Vanhorn Mitchell W
Bought by
Cicero Landing Llc

Purchase Details

Closed on
Mar 3, 2020
Sold by
Cicero Landing Llc
Bought by
Vanhorn Mitchell W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 3, 2018
Sold by
Vanhorn Mitchell
Bought by
Cicero Landing Llc

Purchase Details

Listed on
Oct 21, 2017
Closed on
Jan 22, 2018
Sold by
Taylor Jill A
Bought by
Vanhorn Mitchell
Seller's Agent
Wally Erickson
Erickson Realty Group L.L.C.
Buyer's Agent
Nicholas Yale
Brokers Hub Realty, LLC
List Price
$390,000
Sold Price
$380,000
Premium/Discount to List
-$10,000
-2.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.18%
Original Mortgage
$250,000
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2014
Sold by
Taylor John C and Taylor Jill A
Bought by
Taylor John C and Taylor Jill A

Purchase Details

Closed on
Jan 3, 1997
Sold by
Jefferies Robert L and Jefferies Zahlia A
Bought by
Taylor John C and Taylor John C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,800
Interest Rate
8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 1994
Sold by
Matos Braulio and Matos Norys
Bought by
Jefferies Robert L and Jefferies Zahlia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,900
Interest Rate
8.54%
Mortgage Type
New Conventional
Source: Public Records
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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
Van Horn Landing Trust -- --
Cicero Landing Llc -- None Available
Vanhorn Mitchell W -- First American Title Ins Co
Cicero Landing Llc -- None Available
Vanhorn Mitchell $375,000 First American Title Insuran
Taylor John C -- None Available
Taylor John C $131,000 Security Title Agency
Jefferies Robert L $127,000 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vanhorn Mitchell W $385,000
Previous Owner Vanhorn Mitchell $250,000
Previous Owner Taylor John C $104,800
Previous Owner Jefferies Robert L $88,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/05/2018 03/05/18 Sold $380,000 -2.6% $94 / Sq Ft
01/22/2018 01/22/18 Pending -- -- --
12/28/2017 12/28/17 For Sale $390,000 0.0% $97 / Sq Ft
12/12/2017 12/12/17 Pending -- -- --
11/22/2017 11/22/17 Price Changed $390,000 +1.3% $97 / Sq Ft
10/20/2017 10/20/17 For Sale $385,000 -- $95 / 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 $2,302 $23,329 -- --
2024 $2,309 $22,218 -- --
2023 $2,309 $62,220 $12,440 $49,780
2022 $2,261 $46,970 $9,390 $37,580
2021 $2,289 $37,870 $7,570 $30,300
2020 $2,259 $35,680 $7,130 $28,550
2019 $2,110 $25,710 $5,140 $20,570
2018 $2,026 $23,020 $4,600 $18,420
2017 $1,965 $20,270 $4,050 $16,220
2016 $1,929 $20,570 $4,110 $16,460
2015 $1,813 $19,620 $3,920 $15,700
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2018

    Wally Erickson

    Erickson Realty Group L.L.C.

    (480) 689-6360

    13 Total Sales

    Wally Erickson
    Section Image
  • Nicholas Yale

    Buyer's Agent in 2018

    Nicholas Yale

    Brokers Hub Realty, LLC

    (480) 620-8075

    189 Total Sales

    Nicholas Yale
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5677212

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-11-382

Arizona Maricopa County Mesa 85213 The Groves

3011 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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