NOT LISTED FOR SALE

3143 E Cicero St Mesa, AZ 85213

The Groves Neighborhood

Estimated Value: $708,000 - $896,000

Studio
-- Bath
3,480 Sq Ft
$227/Sq Ft Est. Value

Last Sold May 31, 2023

Last sale price $725,000 $208 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,300/month

7 Days on Market

Highlights

  • Brick Veneer
  • Cooling Available
  • Heat Pump System
  • Franklin at Brimhall Elementary School Rated A
  • Carpet

About This Home

As of May 2023

Super nice fourplex with curb appeal. This two story sits at the end of a street with no neighbors on three sides. All units are 2 bedroom/ 1 bath and are occupied at below market rents. There is a stand alone laundry on site and the machines convey with the property. The owner has replaced all the original windows with dual pane sound dampening windows.

Last Agent to Sell the Property

Scott Bartlowe

Better Homes & Gardens Real Estate SJ Fowler License #BR573483000 Listed on: 04/20/2023

Better Homes & Gardens Real Estate SJ Fowler

Last Buyer's Agent

Michele DeAlto

Re/Max Fine Properties License #SA538180000

Re/Max Fine Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,962

Year Built

  • Built in 1985

Lot Details

  • 8,015

Home Design

  • Brick Veneer
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Over 1 Space Per Unit
  • Free Parking
  • Paved Parking

Utilities

  • Cooling Available
  • Heat Pump System
  • Master Water Meter

Listing and Financial Details

  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 32
  • Assessor Parcel Number 140-11-393

Community Details

Overview

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

Building Details

  • Operating Expense $8,812
  • Gross Income $57,624
  • Net Operating Income $50,774

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,962

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Val Vista Dr and University Dr
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: M-H
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1985
  • Tax Year: 2022
  • Road Surface Type: Asphalt, Dedicated Street, Curb(s) & Gutter(s)
  • Subdivision Name: UNIVERSITY VILLA EAST
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Const - Finish Brick Veneer: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Free-Standing Range, Disposal, Refrigerator
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Disposal2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Paved, Free, >1 Space Per 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 Features Free2: Yes
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Electric
  • Heating: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter, City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Exterior Amenities:Satellite Dish: Yes

Fee Information

  • Annual Water Sewer Expense: 1800.0

Schools

  • Junior High Dist: Mesa Unified District

Lot Info

  • Lot Size: IRR
  • Additional Parcels: No
  • Parcel #: 140-11-393

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Electric Expense: 1000.0
  • Annual Gross Income: 57624.0
  • Insurance Expense: 2100.0
  • Maintenance Expense: 1800.0
  • Property Net Operating Income: 50774.0
  • Annual Operating Expense: 8812.0
  • Vacancy Allowance Rate: 0.02

Tax Info

  • Tax Annual Amount: 1962.0
  • Tax Book Number: 140.00
  • Tax Lot: 32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2023
Closed on
May 31, 2023
Sold by
Goodballet James S
Bought by
Galindo Eduardo and Galindo Hilda
Seller's Agent
Scott Bartlowe
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Michele DeAlto
Re/Max Fine Properties
List Price
$725,000
Sold Price
$725,000
Views
7
Current Estimated Value
$790,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,582
Avg. Annual Appreciation
3.35%
Original Mortgage
$360,000
Outstanding Balance
$350,374
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$440,208

Purchase Details

Closed on
Oct 19, 2011
Sold by
Glenn Jayne
Bought by
Goodballet James S and Goodballet Teresa L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2010
Sold by
Meridian Investments Llc
Bought by
Glenn Jayne

Purchase Details

Closed on
Sep 14, 2009
Sold by
Knapp Russ and Baak Knapp Mary
Bought by
Meridian Investments Llc

Purchase Details

Closed on
Jan 7, 2004
Sold by
Rada Michael W and Rada Nancy A
Bought by
Knapp Russ D and Baak Knapp Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,600
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
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
Galindo Eduardo $725,000 Great American Title Agency
Goodballet James S $140,000 American Title Service Agenc
Glenn Jayne $145,000 First American Title Ins Co
Meridian Investments Llc $119,100 Great American Title Agency
Knapp Russ D $219,500 Grand Canyon Title Agency In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Galindo Eduardo $360,000
Previous Owner Goodballet James S $105,000
Previous Owner Knapp Russ D $175,600
Closed Knapp Russ D $21,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2023 08/19/23 Off Market $725,000 -- --
05/31/2023 05/31/23 Sold $725,000 0.0% $208 / Sq Ft
04/29/2023 04/29/23 Pending -- -- --
04/21/2023 04/21/23 For Sale $725,000 -- $208 / 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 $1,997 $20,244 -- --
2024 $2,003 $19,280 -- --
2023 $2,003 $56,070 $11,210 $44,860
2022 $1,962 $42,400 $8,480 $33,920
2021 $1,986 $34,330 $6,860 $27,470
2020 $1,960 $32,260 $6,450 $25,810
2019 $1,831 $23,110 $4,620 $18,490
2018 $1,758 $20,660 $4,130 $16,530
2017 $1,705 $17,460 $3,490 $13,970
2016 $1,673 $17,660 $3,530 $14,130
2015 $1,573 $16,750 $3,350 $13,400
Source: Public Records

Agents Affiliated with this Home

  • Scott Bartlowe

    Seller's Agent in 2023

    Scott Bartlowe

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 649-3536

    1 in this area

    35 Total Sales

    Scott Bartlowe
    Section Image

  • M

    Buyer's Agent in 2023

    Michele DeAlto

    RE/MAX

    (480) 242-4151

    1 in this area

    27 Total Sales

    Michele DeAlto
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6546897

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-11-393

Arizona Maricopa County Mesa 85213 The Groves

3143 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