NOT LISTED FOR SALE

3102 E Cicero St Mesa, AZ 85213

The Groves Neighborhood

Estimated Value: $531,847 - $858,000

8 Beds
-- Bath
3,514 Sq Ft
$181/Sq Ft Est. Value

Last Sold June 15, 2022

Last sale price $570,000 $162 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,537/month

153 Days on Market

Highlights

  • Cooling Available
  • Ceramic Tile Flooring
  • Individual Controls for Heating
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of June 2022

Incredible investor opportunity in great NE Mesa location. 4 plex boasts 2 bed 1 bath units that are all tenant occupied. Washer/dryer hook ups for all units, private parking in rear, and NO HOA! BRAND NEW ROOF 3/2021 with 5 year leak free warranty to convey, new exterior paint 02/2022, and three new HVAC units in 03/2022. This is a rare opportunity, contact listing agent today for more info!

Last Agent to Sell the Property

John Beshk

The Beshk Group, Inc. License #BR100253000 Listed on: 11/04/2021

Co-Listed By

Mickie Beshk

The Beshk Group, Inc. License #SA534649000

Last Buyer's Agent

Azia Coleman

Quantum Homes License #BR644705000

Quantum Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,098

Year Built

  • Built in 1984

Lot Details

  • 7,928

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Free Parking

Schools

  • Highland Elementary School
  • Poston Butte High Middle School
  • Mountain View High School

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot 43
  • Assessor Parcel Number 140-11-404

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7928
  • University Villa East Subdivision

Building Details

  • Operating Expense $15,338
  • Gross Income $49,488
  • Net Operating Income $34,150

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,098

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Lindsay & University
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: Residential
  • Number Of Buildings: 1
  • Ownership: Leasehold
  • Year Built: 1984
  • Tax Year: 2021
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: bgir01
  • Co List Office Phone: 602-309-8888
  • Subdivision Name: UNIVERSITY VILLA EAST
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: W/D Hookup
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

  • Disclosures: None, Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Free, 1 Space/Unit
  • Attached Garage: No
  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 3200.0

Schools

  • Elementary School: Highland Elementary School
  • High School: Mountain View High School
  • Junior High Dist: Mesa Unified District
  • Middle Or Junior School: Poston Butte High School

Lot Info

  • Lot Size: 7928
  • Additional Parcels: No
  • Parcel #: 140-11-404

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: See Remarks, Electricity
  • Number Of Units Total: 4
  • Annual Gross Income: 49488.0
  • Insurance Expense: 2996.0
  • Property Net Operating Income: 34150.0
  • Annual Operating Expense: 15338.0

Tax Info

  • Tax Annual Amount: 2098.0
  • Tax Book Number: 140.00
  • Tax Lot: 43

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2021
Closed on
Jun 13, 2022
Sold by
Rebecca Wallace
Bought by
Anderson Kyle
Seller's Agent
John Beshk
The Beshk Group, Inc.
Buyer's Agent
Azia Coleman
Quantum Homes
List Price
$587,000
Sold Price
$570,000
Premium/Discount to List
-$17,000
-2.9%
Current Estimated Value
$637,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,712
Avg. Annual Appreciation
3.39%
Original Mortgage
$427,500
Outstanding Balance
$406,626
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$231,086

Purchase Details

Listed on
Mar 6, 2021
Closed on
Apr 12, 2021
Sold by
Expansive Minds Llc
Bought by
Wallace Rebecca
Seller's Agent
Azia Coleman
Quantum Homes
Buyer's Agent
John Beshk
The Beshk Group, Inc.
List Price
$618,000
Sold Price
$618,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.57%
Original Mortgage
$460,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Mar 6, 2021
Closed on
Apr 1, 2021
Sold by
Anthony Leonard B
Bought by
Fischer Robert
Seller's Agent
Azia Coleman
Quantum Homes
Buyer's Agent
John Beshk
The Beshk Group, Inc.
List Price
$618,000
Sold Price
$618,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 25, 2016
Sold by
Anthony Cheryl
Bought by
Anthony Leonard B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,500
Interest Rate
3.58%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 23, 2016
Sold by
Stanford Lamarr O
Bought by
Anthony Leonard B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,500
Interest Rate
3.58%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 12, 2001
Sold by
Stanford Alison Eleri
Bought by
Stanford Lamarr Oviatt

Purchase Details

Closed on
Nov 2, 1994
Sold by
Stanford Alison E
Bought by
Stanford Lamarr O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
8.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 1994
Sold by
Hud
Bought by
Barney Travis and Barney Jan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
8.92%
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
Anderson Kyle $570,000 United Title
Wallace Rebecca -- Accommodation
Expansive Minds Llc -- Driggs Title Agency Inc
Fischer Robert $618,000 Driggs Title Agency Inc
Anthony Leonard B -- Stewart Title
Anthony Leonard B -- Stewart Title
Stanford Lamarr Oviatt -- --
Stanford Lamarr O -- Security Title Agency
Stanford Lamarr O $120,000 Security Title Agency
Barney Travis -- Security Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Kyle $427,500
Previous Owner Fischer Robert $460,000
Previous Owner Anthony Leonard B $212,500
Previous Owner Stanford Lamarr O $96,000
Previous Owner Barney Travis $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/15/2022 06/15/22 Sold $570,000 -2.9% $162 / Sq Ft
11/04/2021 11/04/21 For Sale $587,000 -5.0% $167 / Sq Ft
04/07/2021 04/07/21 Sold $618,000 0.0% $176 / Sq Ft View Prior Sale
03/06/2021 03/06/21 For Sale $618,000 -- $176 / 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 $2,110 $21,391 -- --
2024 $2,117 $20,373 -- --
2023 $2,117 $57,730 $11,540 $46,190
2022 $2,073 $43,660 $8,730 $34,930
2021 $2,098 $35,350 $7,070 $28,280
2020 $2,071 $33,180 $6,630 $26,550
2019 $1,935 $24,270 $4,850 $19,420
2018 $1,857 $22,000 $4,400 $17,600
2017 $1,802 $18,580 $3,710 $14,870
2016 $1,768 $17,730 $3,540 $14,190
2015 $1,662 $15,760 $3,150 $12,610
Source: Public Records

Agents Affiliated with this Home

  • John Beshk

    Seller's Agent in 2022

    John Beshk

    The Beshk Group, Inc.

    (602) 309-8888

    2 in this area

    53 Total Sales

    John Beshk
    Section Image

  • M

    Seller Co-Listing Agent in 2022

    Mickie Beshk

    The Beshk Group, Inc.

    (480) 215-2324

    2 in this area

    51 Total Sales

    Mickie Beshk
    Section Image
  • Azia Coleman

    Buyer's Agent in 2022

    Azia Coleman

    Quantum Homes

    (480) 399-2066

    2 in this area

    33 Total Sales

    Azia Coleman
    Section Image

  • A

    Seller Co-Listing Agent in 2021

    Alyssa Eddy

    On Q Property Management

    (480) 839-6600

    1 in this area

    14 Total Sales

    Alyssa Eddy
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6326128

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-11-404

Arizona Maricopa County Mesa 85213 The Groves

3102 E Cicero St, Mesa, AZ

Not Listed for Sale

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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