NOT LISTED FOR SALE

3012 E Cicero St Mesa, AZ 85213

The Groves Neighborhood

Estimated Value: $614,269 - $898,000

2 Beds
-- Bath
3,828 Sq Ft
$190/Sq Ft Est. Value

Last Sold April 01, 2015

Last sale price $280,000 $73 Per Sq Ft

Est. 159% increase in value since last sale

Current estimated payment $4,202/month

38 Days on Market

Highlights

  • Central Air
  • Carpet
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of April 2015

WOW BUY THIS ONE BEFORE IT'S GONE!!!! Seller is Motivated bring all offers!!! This turn key 4 plex is 100% rented.Over 7.50% cap rate!Super nice location and NO HOA!!! 3 new ac units new clean no maintenance yard with a new fence around the building. Washer and dryer in all units. Rent's are high at 630.00 and super rare all 2 bed 2 bath unit's. Tile roof corner lot what else can you ask for!!! Bring your offer's now!!! ALL FACTS AND FIGURES ARE APPROXIMATE HAVE BUYER VERIFY INFO

Last Agent to Sell the Property

Sophia Baron

Grace CRE License #BR648866000 Listed on: 01/31/2015

Co-Listed By

Rhonda Nikole Green

Barrett Real Estate License #SA644903000

Last Buyer's Agent

Morten Pedersen

Lori Blank & Associates, LLC License #BR635605000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,526

Year Built

  • Built in 1985

Lot Details

  • 8,059

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Over 1 Space Per Unit
  • Free Parking
  • Assigned Parking

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 1
  • Assessor Parcel Number 140-11-362

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8024

Building Details

  • Operating Expense $7,566
  • Gross Income $28,728
  • Net Operating Income $22,674

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,526

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: University/Val Vista
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: Multi
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2013
  • Directions: West to Los Alamos, North to Cicero (1st St), West to 1st Building on North Side of the Street.
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Cooling:Central Air: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Wood Frame, Stucco
  • Roof: Tile

Garage/Parking

  • Total Covered Spaces: 4.0
  • Parking Features: Other, Free, Assigned, >1 Space Per Unit
  • 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 Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Assigned: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Fee Information

  • Annual Water Sewer Expense: 2740.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: 8024
  • Additional Parcels: No
  • Parcel #: 140-11-362

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Annual Gross Income: 28728.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 1800.0
  • Property Net Operating Income: 22674.0
  • Annual Operating Expense: 7566.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1526.0
  • Tax Book Number: 140.00
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2015
Closed on
Mar 30, 2015
Sold by
Maconi Corradino and Maconi Rose
Bought by
Alisal Valley Llc
Seller's Agent
Sophia Baron
Grace CRE
Buyer's Agent
Morten Pedersen
Lori Blank & Associates, LLC
List Price
$289,900
Sold Price
$280,000
Premium/Discount to List
-$9,900
-3.41%
Current Estimated Value
$726,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$446,067
Avg. Annual Appreciation
9.62%

Purchase Details

Closed on
Nov 26, 2012
Sold by
Maconi Corradino and Maconi Rose
Bought by
Macino Corradino and Macino Rose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,500
Interest Rate
3.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 2008
Sold by
Maconi Corradino and Maconi Rose
Bought by
Maconi Corradino and Maconi Rose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2008
Sold by
Quigley Debra A
Bought by
Maconi Corradino and Maconi Rose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2005
Sold by
Nuernberg Lois E
Bought by
B N P I Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
5.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2005
Sold by
B N P I Partnership
Bought by
Quigley Debra A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
5.67%
Mortgage Type
New Conventional
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
Alisal Valley Llc $280,000 Empire West Title Agency
Macino Corradino -- Pioneer Title Agency Inc
Maconi Corradino -- Pioneer Title Agency Inc
Maconi Corradino -- Landamerica Title Agency Inc
Maconi Corradino $225,000 Landamerica Title Agency Inc
B N P I Partnership -- Grand Canyon Title Agency In
Quigley Debra A $255,000 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maconi Corradino $144,500
Previous Owner Maconi Corradino $146,250
Previous Owner Quigley Debra A $185,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2015 04/01/15 Sold $280,000 -3.4% $73 / Sq Ft
03/10/2015 03/10/15 Pending -- -- --
01/31/2015 01/31/15 For Sale $289,900 -- $76 / 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 $2,308 $23,517 -- --
2024 $2,327 $22,398 -- --
2023 $2,327 $61,270 $12,250 $49,020
2022 $2,279 $46,300 $9,260 $37,040
2021 $2,307 $37,380 $7,470 $29,910
2020 $2,277 $35,150 $7,030 $28,120
2019 $2,127 $25,810 $5,160 $20,650
2018 $2,042 $23,410 $4,680 $18,730
2017 $1,981 $20,620 $4,120 $16,500
2016 $1,944 $20,900 $4,180 $16,720
2015 $1,827 $19,600 $3,920 $15,680
Source: Public Records

Agents Affiliated with this Home

  • Sophia Baron

    Seller's Agent in 2015

    Sophia Baron

    Grace CRE

    (480) 375-0227

    89 Total Sales

    Sophia Baron
    Section Image

  • R

    Seller Co-Listing Agent in 2015

    Rhonda Nikole Green

    Barrett Real Estate

    (480) 415-6175

    3 Total Sales

    Rhonda Nikole Green
    Section Image
  • Morten Pedersen

    Buyer's Agent in 2015

    Morten Pedersen

    Lori Blank & Associates, LLC

    (480) 289-9821

    1 Total Sale

    Morten Pedersen
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5230277

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-11-362

Arizona Maricopa County Mesa 85213 The Groves

3012 E Cicero St, Mesa, AZ

This home is located at 3012 E Cicero St, Mesa, AZ 85213 since 31 January 2015 and is currently estimated at $726,067, approximately $189 per square foot. This property was built in 1985. 3012 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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