Seller's Agent in 2019
Bruce Duckett
Duckett Management & Real Estate
(602) 578-7199
2 in this area
8 Total Sales
3142 E Cicero St Mesa, AZ 85213
The Groves NeighborhoodEstimated Value: $750,437 - $887,000
8
Beds
--
Bath
3,514
Sq Ft
$230/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Central Heating and Cooling System
- Ceiling Fan
- Franklin at Brimhall Elementary School Rated A
About This Home
As of October 2019This is a TURN KEY Fully Occupied 4 Plex in Mesa AZ!! This Building Has (4) NEW AC UNITS Installed in July of 2019; (3) NEW Water Heaters in July 2019 (4th one is 1.50 years old); NEW EXTERIOR PAINT in July 2019!! Rents are $850 (#101); $850 (#102); $875 (#201) & $725 (#202). All Tenants Are On Current Leases and All of the Units are in Great Condition (see pictures)!! Our Lowest Unit Rent is #202 and the Lease Expires On 11/30/19. This Unit Could Easily Be Increased by $100.00. If This Tenant Moves, It Could Be Re-Rented at $825 with Only Minor Repairs or Rented at $900 with Upgrades! Great Building with Great Tenants Make This an EXCEPTIONAL INVESTMENT!! Rents in the Phoenix Metro Area Increased by Over 8% in 2019! Still Have Upside Increases for ALL Four Units When Leases Are Up!!
Last Agent to Sell the Property
Duckett Management & Real Estate License #BR537621000 Listed on: 08/26/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,857
Year Built
- Built in 1984
Lot Details
- 7,928
Home Design
- Wood Frame Construction
- Composition Roof
- Stucco
Interior Spaces
- Ceiling Fan
Flooring
- Wood
- Carpet
- Ceramic Tile
- Vinyl
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- On-Street Parking
Schools
- Highland Elementary School
- Poston Junior High School
- Mountain View High School
Utilities
- Central Heating and Cooling System
- Master Water Meter
Listing and Financial Details
- Tenant pays for electricity, cable TV
- The owner pays for trash collection, water, sewer, landscaping
- Tax Lot 37
- Assessor Parcel Number 140-11-398
Community Details
Overview
- 4 Units
- Building Dimensions are 7943
- University Villa East Lot 1 49 Subdivision
Building Details
- Operating Expense $12,627
- Gross Income $39,600
- Net Operating Income $26,973
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 18, 2021
Sold by
Kendall Kenneth A and Kendall Josephine J
Bought by
Sunset Family Realty I Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$358,000
Outstanding Balance
$275,102
Interest Rate
2.1%
Mortgage Type
New Conventional
Estimated Equity
$532,377
Purchase Details
Closed on
Oct 14, 2021
Sold by
Kendal Kenneth A and Kendal Josephine J
Bought by
Sunset Family Realty I Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$358,000
Outstanding Balance
$275,102
Interest Rate
2.1%
Mortgage Type
New Conventional
Estimated Equity
$532,377
Purchase Details
Listed on
Aug 26, 2019
Closed on
Oct 17, 2019
Sold by
Kendall Kenneth A and Kendall Josephine J
Bought by
Sunset Family Realty I Llc
Seller's Agent
Bruce Duckett
Duckett Management & Real Estate
Buyer's Agent
Staci Smedstad
DeLex Realty
List Price
$479,000
Sold Price
$479,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.11%
Original Mortgage
$359,250
Interest Rate
3.5%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 26, 2019
Closed on
Sep 9, 2019
Sold by
Stokes Loyd J and Stokes Mary C
Bought by
Kendall Kenneth A and Kendall Josephine J
Seller's Agent
Bruce Duckett
Duckett Management & Real Estate
Buyer's Agent
Staci Smedstad
DeLex Realty
List Price
$479,000
Sold Price
$479,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,250
Interest Rate
3.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 5, 2018
Sold by
Mcstokes 31 Llc
Bought by
Stokes Loyd J and Stokes Mary C
Purchase Details
Closed on
May 19, 2017
Sold by
Stokes Loyd J and Stokes Mary C
Bought by
Mcstokes 31 Llc
Purchase Details
Closed on
Aug 4, 2009
Sold by
Fannie Mae
Bought by
Stokes Loyd J and Stokes 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
$123,750
Interest Rate
5.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 10, 2009
Sold by
Yun Chung R
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Apr 14, 2005
Sold by
Irby Galen F and Irby Georgia J
Bought by
Yun Chung R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
3.5%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Apr 7, 2005
Sold by
Yun Mun Hoon
Bought by
Yun Chung
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
3.5%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Oct 23, 2003
Sold by
Cruz Rolando and Cruz Sandra
Bought by
Irby Galen F and Irby Georgia J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,800
Interest Rate
5.98%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 27, 1997
Sold by
Petersen Thomas Edward
Bought by
Cruz Rolando and Cruz Sandra
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,100
Interest Rate
7.93%
Mortgage Type
Seller Take Back
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sunset Family Realty I Llc | -- | Old Republic Title | |
| Sunset Family Realty I Llc | -- | Old Republic Title Agency | |
| Kendall Kenneth A | -- | Old Republic Title | |
| Sunset Family Realty I Llc | -- | Accommodation | |
| Kendall Kenneth A | $479,000 | Great American Title Agency | |
| Stokes Loyd J | -- | None Available | |
| Mcstokes 31 Llc | -- | None Available | |
| Stokes Loyd J | $165,000 | Stewart Title & Trust Of Pho | |
| Federal National Mortgage Association | $316,040 | First American Title | |
| Yun Chung R | $375,000 | Lawyers Title Ins | |
| Yun Chung | -- | Lawyers Title Ins | |
| Irby Galen F | $226,000 | Lawyers Title Insurance Corp | |
| Cruz Rolando | $155,000 | Grand Canyon Title Agency In |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kendall Kenneth A | $358,000 | |
| Previous Owner | Kendall Kenneth A | $359,250 | |
| Previous Owner | Stokes Loyd J | $123,750 | |
| Previous Owner | Yun Chung R | $337,500 | |
| Previous Owner | Yun Chung | $337,500 | |
| Previous Owner | Irby Galen F | $180,800 | |
| Previous Owner | Cruz Rolando | $152,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/01/2019 10/01/19 | Sold | $479,000 | 0.0% | $136 / Sq Ft |
| 09/21/2019 09/21/19 | For Sale | $479,000 | 0.0% | $136 / Sq Ft |
| 08/26/2019 08/26/19 | For Sale | $479,000 | -- | $136 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
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 | $2,100 | $21,391 | -- | -- |
| 2024 | $2,117 | $20,373 | -- | -- |
| 2023 | $2,117 | $57,730 | $11,540 | $46,190 |
| 2022 | $2,073 | $43,670 | $8,730 | $34,940 |
| 2021 | $2,098 | $35,350 | $7,070 | $28,280 |
| 2020 | $2,071 | $33,200 | $6,640 | $26,560 |
| 2019 | $1,935 | $24,280 | $4,850 | $19,430 |
| 2018 | $1,857 | $22,010 | $4,400 | $17,610 |
| 2017 | $1,802 | $18,600 | $3,720 | $14,880 |
| 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
-
Bruce Duckett
-
Staci Smedstad
Buyer's Agent in 2019
Staci Smedstad
DeLex Realty
(602) 882-3388
46 Total Sales
-
Houstin Engstrom
Buyer Co-Listing Agent in 2019
Houstin Engstrom
Delex Realty
(602) 684-6843
45 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 5970250
APN: 140-11-398
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.
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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