NOT LISTED FOR SALE

3150 E Cicero St Mesa, AZ 85213

The Groves Neighborhood

Estimated Value: $758,000 - $993,000

1 Bed
-- Bath
3,514 Sq Ft
$248/Sq Ft Est. Value

Last Sold April 07, 2020

Last sale price $565,000 $161 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $4,779/month

Highlights

  • Cooling Available
  • Franklin at Brimhall Elementary School Rated A
  • Heating Available

About This Home

As of April 2020

Incredible opportunity on this very nice and upgraded 4 plex. Seller put a brand new roof on in 2017, replaced all windows with brand new double glazed windows in 2018, new appliances in all units, plus too many other improvements to list here. Rents are $905, $905, $905 and $925. Market rents are at $1000 each. Tenants pay electricity, owner pays water, sewer and trash only. All units are 2 bedroom and one bathroom and 878 square feet. No showings until after contract acceptance.

Last Agent to Sell the Property

Jeffery Chesleigh

HomeSmart License #SA014098000 Listed on: 03/17/2020

HomeSmart

Last Buyer's Agent

Ryan Swan

HomeSmart License #SA661174000

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,937

Year Built

  • Built in 1984

Lot Details

  • 7,971

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Cooling Available
  • Heating Available
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 36
  • Assessor Parcel Number 140-11-397

Community Details

Overview

  • 4 Units
  • Building Dimensions are 70' x 115'' appx.
  • University Villa East Lot 1 49 Subdivision

Building Details

  • Operating Expense $6,519
  • Gross Income $43,680
  • Net Operating Income $43,680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,937

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: University and Val Vista
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 1
  • Year Built: 1984
  • Tax Year: 2019
  • Directions: West on University, north on Loma Vista to property.
  • Road Surface Type: Asphalt
  • Subdivision Name: UNIVERSITY VILLA EAST LOT 1-49
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes

Exterior Features

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

Garage/Parking

  • 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

Utilities

  • Electric: SRP
  • 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: Other, See Remarks

Association/Amenities

  • Community Amenities:Other18: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 3360.0

Lot Info

  • Lot Size: 70' x 115'' appx.
  • Additional Parcels: No
  • Parcel #: 140-11-397

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 43680.0
  • Insurance Expense: 1222.0
  • Property Net Operating Income: 43680.0
  • Annual Operating Expense: 6519.0

Tax Info

  • Tax Annual Amount: 1937.0
  • Tax Book Number: 140.00
  • Tax Lot: 36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2020
Closed on
Mar 31, 2020
Sold by
Kiwi House Llc
Bought by
Kweon Danel and Han Eunice
Seller's Agent
Jeffery Chesleigh
HomeSmart
Buyer's Agent
Ryan Swan
HomeSmart
List Price
$565,000
Sold Price
$565,000
Current Estimated Value
$871,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$306,863
Avg. Annual Appreciation
7.96%
Original Mortgage
$423,750
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 2, 2017
Closed on
Sep 13, 2017
Sold by
Brooks Anthony J
Bought by
Kiwi House Llc
Seller's Agent
Jason Bingham
Distinguished Properties
Buyer's Agent
Jeffery Chesleigh
HomeSmart
List Price
$400,000
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.26%
Original Mortgage
$300,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 2, 2017
Closed on
Sep 1, 2017
Sold by
Alajuela Llc
Bought by
Brooks Anthony J
Seller's Agent
Jason Bingham
Distinguished Properties
Buyer's Agent
Jeffery Chesleigh
HomeSmart
List Price
$400,000
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2016
Sold by
Ghusayni Gus
Bought by
Alajuela Llc

Purchase Details

Listed on
Apr 24, 2014
Closed on
Jun 12, 2014
Sold by
Desert Domiciles Llc
Bought by
Ghusayni Gus
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Debra Gates
HomeSmart Realty
List Price
$205,500
Sold Price
$205,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.52%
Original Mortgage
$143,500
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 24, 2014
Closed on
Jun 5, 2014
Sold by
Ghusayni Sue
Bought by
Ghusayni Gus
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Debra Gates
HomeSmart Realty
List Price
$205,500
Sold Price
$205,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,500
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2009
Sold by
Bliss Tatiana and Mchone Abel
Bought by
Desert Domiciles Llc

Purchase Details

Closed on
Apr 21, 2009
Sold by
Bondarenko Walter
Bought by
Bondarenko Lida

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
5.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 24, 2009
Sold by
Wells Fargo Bank National Association
Bought by
Bliss Tatianna and Mchone Abel

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
5.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 21, 2009
Sold by
Yun Chung
Bought by
Wells Fargo Bank National Association

Purchase Details

Closed on
Apr 20, 2005
Sold by
Steuterman Stephen M
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
$300,000
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 19, 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
$300,000
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 21, 2004
Sold by
Vaquero Properties Llc
Bought by
Steuterman Stephen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,600
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 11, 2003
Sold by
Mosley David L and Mosley Laura K
Bought by
Vaquero Properties Llc

Purchase Details

Closed on
Mar 31, 2003
Sold by
Mcgee Michael and Mcgee Jamie
Bought by
Mosley David L and Mosley Laura K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,640
Interest Rate
5.54%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 26, 2001
Sold by
Guinan Joseph M
Bought by
Mcgee Michael and Mcgee Jamie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.21%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kweon Danel $565,000 Magnus Title Agency Llc
Kiwi House Llc -- None Available
Brooks Anthony J $400,000 Clear Title Agency Of Arizon
Alajuela Llc $300,000 Clear Title Agency Of Az Llc
Ghusayni Gus $205,500 Grand Canyon Title Agency In
Ghusayni Gus -- Grand Canyon Title Agency In
Desert Domiciles Llc -- None Available
Bondarenko Lida -- Chicago Title
Bliss Tatianna $150,000 Chicago Title
Wells Fargo Bank National Association $178,530 None Available
Yun Chung $375,000 Grand Canyon Title Agency In
Yun Chung -- Grand Canyon Title Agency In
Steuterman Stephen M $257,000 Security Title Agency
Vaquero Properties Llc -- --
Mosley David L $233,200 Transnation Title Insurance
Mcgee Michael $180,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kweon Danel $423,750
Previous Owner Brooks Anthony J $300,000
Previous Owner Ghusayni Gus $143,500
Previous Owner Bliss Tatianna $105,000
Previous Owner Yun Chung $37,500
Previous Owner Yun Chung $300,000
Previous Owner Yun Chung $300,000
Previous Owner Steuterman Stephen M $205,600
Previous Owner Mosley David L $186,560
Previous Owner Mcgee Michael $144,000
Closed Mcgee Michael $27,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2020 04/07/20 Sold $565,000 0.0% $161 / Sq Ft
03/17/2020 03/17/20 Pending -- -- --
03/17/2020 03/17/20 For Sale $565,000 +41.3% $161 / Sq Ft
09/05/2017 09/05/17 Sold $400,000 0.0% $114 / Sq Ft
08/03/2017 08/03/17 Pending -- -- --
08/01/2017 08/01/17 For Sale $400,000 +94.6% $114 / Sq Ft
06/16/2014 06/16/14 Sold $205,500 0.0% $58 / Sq Ft
05/12/2014 05/12/14 Pending -- -- --
04/24/2014 04/24/14 For Sale $205,500 -- $58 / 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 $2,102 $21,410 -- --
2024 $2,119 $20,391 -- --
2023 $2,119 $57,760 $11,550 $46,210
2022 $2,075 $43,680 $8,730 $34,950
2021 $2,100 $35,360 $7,070 $28,290
2020 $2,073 $33,200 $6,640 $26,560
2019 $1,937 $24,280 $4,850 $19,430
2018 $1,859 $22,010 $4,400 $17,610
2017 $1,803 $18,600 $3,720 $14,880
2016 $1,770 $17,750 $3,550 $14,200
2015 $1,663 $15,760 $3,150 $12,610
Source: Public Records

Agents Affiliated with this Home

  • Jeffery Chesleigh

    Seller's Agent in 2020

    Jeffery Chesleigh

    HomeSmart

    (480) 399-3480

    125 Total Sales

    Jeffery Chesleigh
    Section Image
  • Ryan Swan

    Buyer's Agent in 2020

    Ryan Swan

    HomeSmart

    (602) 733-5455

    51 Total Sales

    Ryan Swan
    Section Image
  • Jason Bingham

    Seller's Agent in 2017

    Jason Bingham

    Distinguished Properties

    (602) 432-5765

    24 Total Sales

    Jason Bingham
    Section Image
  • Steve Fowler

    Seller's Agent in 2014

    Steve Fowler

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 430-5843

    1 in this area

    65 Total Sales

    Steve Fowler
    Section Image
  • Steven Cvetanovich

    Seller Co-Listing Agent in 2014

    Steven Cvetanovich

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 323-5672

    1 in this area

    36 Total Sales

    Steven Cvetanovich
    Section Image

  • D

    Buyer's Agent in 2014

    Debra Gates

    HomeSmart Realty

    (480) 991-3700

    7 Total Sales

    Debra Gates
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6051517

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-11-397

Arizona Maricopa County Mesa 85213 The Groves

3150 E Cicero St, Mesa, AZ

This home is located at 3150 E Cicero St, Mesa, AZ 85213 since 17 March 2020 and is currently estimated at $871,863, approximately $248 per square foot. This property was built in 1984. 3150 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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