NOT LISTED FOR SALE

3107 E Cicero St Mesa, AZ 85213

The Groves Neighborhood

Estimated Value: $665,031 - $906,000

1 Bed
-- Bath
3,648 Sq Ft
$211/Sq Ft Est. Value

Last Sold March 30, 2018

Last sale price $395,000 $108 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $4,189/month

7 Days on Market

Highlights

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

About This Home

As of March 2018

FourPlex Cash Flow Investment Opportunity. 2 story building with 4 units, 2 on ground level and 2 units upstairs. Each apartment has 2 bedrooms, 2 bathrooms, a large family room, patio or balcony, and washer/dryer hookups. 2 exterior staircases. Located in a multi-family neighborhood. Close to shopping and Freeways. Individual meters. Tenants pay for electricity. Owner pays for water trash & sewer on one bill.

Last Agent to Sell the Property

John Gordon

Coldwell Banker Realty License #BR009377000 Listed on: 02/01/2018

Coldwell Banker Realty

Last Buyer's Agent

Bruce Duckett

Duckett Management & Real Estate License #BR537621000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,764

Year Built

  • Built in 1984

Lot Details

  • 8,625

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Paved Parking

Schools

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

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 27
  • Assessor Parcel Number 140-11-388

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8629
  • University Villa East Lot 27 Subdivision

Building Details

  • Operating Expense $8,668
  • Gross Income $35,682
  • Net Operating Income $28,892

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,764

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: University Dr & Val Vista Dr
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: RM-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2017
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
  • Professional Management Expense: 3000.0
  • Subdivision Name: UNIVERSITY VILLA EAST LOT 27
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances: F/S Oven/Range
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved Parking, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Total Parking Spaces: 8.0
  • General Property Description:Uncvrd Parking Spcs: 8.0
  • General Property Description:Total Parking Spcs: 8.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 2750.0

Schools

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

Lot Info

  • Lot Size: 8629
  • Additional Parcels: No
  • Parcel #: 140-11-388

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 35682.0
  • Insurance Expense: 1154.0
  • Property Net Operating Income: 28892.0
  • Annual Operating Expense: 8668.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1764.0
  • Tax Book Number: 140.00
  • Tax Lot: 27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2018
Closed on
Mar 22, 2018
Sold by
Ellis Sean Keoni and Ellis Kori T
Bought by
Houchens Kevin Ryan
Seller's Agent
John Gordon
Coldwell Banker Realty
Buyer's Agent
Bruce Duckett
Duckett Management & Real Estate
List Price
$410,000
Sold Price
$395,000
Premium/Discount to List
-$15,000
-3.66%
Current Estimated Value
$768,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$373,258
Avg. Annual Appreciation
8.90%
Original Mortgage
$296,250
Outstanding Balance
$253,863
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$514,395

Purchase Details

Listed on
Feb 1, 2018
Closed on
Mar 15, 2018
Sold by
Houchens Elodie M
Bought by
Houchens Kevin R
Seller's Agent
John Gordon
Coldwell Banker Realty
Buyer's Agent
Bruce Duckett
Duckett Management & Real Estate
List Price
$410,000
Sold Price
$395,000
Premium/Discount to List
-$15,000
-3.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,250
Outstanding Balance
$253,863
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$514,395

Purchase Details

Closed on
Jul 13, 2016
Sold by
Ellis Sean Keoni K and Ellis Kori T
Bought by
Ellis Sean Keoni and Ellis Kori T

Purchase Details

Listed on
Jun 2, 2015
Closed on
Oct 8, 2015
Sold by
Flashlight Investment Llc
Bought by
Ellis Sean Keoni K and Ellis Kori T
Seller's Agent
Don Smith
Platinum First Realty
Buyer's Agent
John Gordon
Coldwell Banker Realty
List Price
$295,000
Sold Price
$285,000
Premium/Discount to List
-$10,000
-3.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.16%
Original Mortgage
$213,750
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 8, 2013
Closed on
Apr 10, 2013
Sold by
Stickney Robert A
Bought by
Flashlight Investment Llc
Seller's Agent
Frank Bennett Jr
Frank Bennett Realty
Buyer's Agent
Justin Bland
Better Homes & Gardens Real Estate SJ Fowler
List Price
$225,000
Sold Price
$192,000
Premium/Discount to List
-$33,000
-14.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.42%

Purchase Details

Closed on
May 4, 2010
Sold by
Stickney Robert A
Bought by
Stickney Robert A and The Robert & Helen Stickney 1995 Trust

Purchase Details

Closed on
Nov 11, 2002
Sold by
Anderson Ernest G and Anderson Patricia K
Bought by
Stickney Robert A and Stickney Helen L

Purchase Details

Closed on
Jul 13, 1994
Sold by
Riccobono Giacomo J
Bought by
Anderson Ernest G and Anderson Patricia K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,320
Interest Rate
8.65%
Mortgage Type
Commercial
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Houchens Kevin Ryan $395,000 Dhi Title Agency
Houchens Kevin R -- Dhi Title Agency
Ellis Sean Keoni -- None Available
Ellis Sean Keoni K $285,000 Equity Title Agency Inc
Flashlight Investment Llc $192,000 Lawyers Title Of Arizona Inc
Stickney Robert A -- None Available
Stickney Robert A $229,000 Chicago Title Insurance Co
Anderson Ernest G $122,900 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Houchens Kevin Ryan $296,250
Previous Owner Ellis Sean Keoni K $213,750
Previous Owner Anderson Ernest G $98,320
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/30/2018 03/30/18 Sold $395,000 -3.7% $108 / Sq Ft
02/08/2018 02/08/18 Pending -- -- --
02/01/2018 02/01/18 For Sale $410,000 +43.9% $112 / Sq Ft
10/16/2015 10/16/15 Sold $285,000 -3.4% $78 / Sq Ft View Prior Sale
09/07/2015 09/07/15 Pending -- -- --
06/02/2015 06/02/15 For Sale $295,000 +53.6% $81 / Sq Ft
04/30/2013 04/30/13 Sold $192,000 -14.7% $53 / Sq Ft View Prior Sale
04/04/2013 04/04/13 Pending -- -- --
01/01/2013 01/01/13 For Sale $225,000 -- $62 / 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 $2,066 $20,940 -- --
2024 $2,072 $19,943 -- --
2023 $2,072 $58,270 $11,650 $46,620
2022 $2,029 $44,030 $8,800 $35,230
2021 $2,054 $35,700 $7,140 $28,560
2020 $2,027 $33,520 $6,700 $26,820
2019 $1,894 $23,970 $4,790 $19,180
2018 $1,818 $21,420 $4,280 $17,140
2017 $1,764 $18,080 $3,610 $14,470
2016 $1,731 $18,330 $3,660 $14,670
2015 $1,627 $17,370 $3,470 $13,900
Source: Public Records

Agents Affiliated with this Home

  • John Gordon

    Seller's Agent in 2018

    John Gordon

    Coldwell Banker Realty

    (602) 319-8509

    154 Total Sales

    John Gordon
    Section Image
  • Bruce Duckett

    Buyer's Agent in 2018

    Bruce Duckett

    Duckett Management & Real Estate

    (602) 578-7199

    2 in this area

    7 Total Sales

    Bruce Duckett
    Section Image

  • D

    Seller's Agent in 2015

    Don Smith

    Platinum First Realty

    Section Image

  • L

    Seller Co-Listing Agent in 2015

    Linda Smith

    Platinum First Realty

  • F

    Seller's Agent in 2013

    Frank Bennett Jr

    Frank Bennett Realty

    (480) 344-2818

    90 Total Sales

    Frank Bennett Jr
    Section Image

  • J

    Buyer's Agent in 2013

    Justin Bland

    Better Homes & Gardens Real Estate SJ Fowler

    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5717188

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-11-388

Arizona Maricopa County Mesa 85213 The Groves

3107 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

Nearby Homes