NOT LISTED FOR SALE

3150 E Cicero St Mesa, AZ 85213

The Groves Neighborhood

Estimated Value: $702,000 - $865,864

1 Bed
-- Bath
3,514 Sq Ft
$214/Sq Ft Est. Value

Sale Details

Date Sold: April 7, 2020

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

Est. 33% increase in value since last sale

Current estimated payment $4,230 / mo

Highlights

  • Cooling Available
  • Highland Elementary School Rated 9+
  • 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

7,971 Sq Ft Lot

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
  • 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2020
Closed on
Mar 31, 2020
Sold by
Bought by
Seller's Agent
Jeffery Chesleigh
HomeSmart
Buyer's Agent
Ryan Swan
HomeSmart
List Price
$565,000
Sold Price
$565,000
Current Estimated Value
$750,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,466
Avg. Annual Appreciation
4.63%
Original Mortgage
$423,750
Interest Rate
0.032%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 2, 2017
Closed on
Sep 13, 2017
Sold by
Bought by
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
0.0396%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 2, 2017
Closed on
Sep 1, 2017
Sold by
Bought by
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
0.0396%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2016
Sold by
Bought by

Purchase Details

Listed on
Apr 24, 2014
Closed on
Jun 12, 2014
Sold by
Bought by
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Debra Gates
HomeSmart
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
11.32%
Original Mortgage
$143,500
Interest Rate
0.0425%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 24, 2014
Closed on
Jun 5, 2014
Sold by
Bought by
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Debra Gates
HomeSmart
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
0.0425%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2009
Sold by
Bought by

Purchase Details

Closed on
Apr 21, 2009
Sold by
Bought by

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
0.0502%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 24, 2009
Sold by
Bought by

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
0.0502%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 21, 2009
Sold by
Bought by

Purchase Details

Closed on
Apr 20, 2005
Sold by
Bought by

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
0.03%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 19, 2005
Sold by
Bought by

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
0.03%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 21, 2004
Sold by
Bought by

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
0.0627%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 11, 2003
Sold by
Bought by

Purchase Details

Closed on
Mar 31, 2003
Sold by
Bought by

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
0.0554%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 26, 2001
Sold by
Bought by

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
0.0721%
Mortgage Type
New Conventional
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$565,000 Magnus Title Agency Llc
-- None Available
$400,000 Clear Title Agency Of Arizon
$300,000 Clear Title Agency Of Az Llc
$205,500 Grand Canyon Title Agency In
-- Grand Canyon Title Agency In
-- None Available
-- Chicago Title
$150,000 Chicago Title
$178,530 None Available
$375,000 Grand Canyon Title Agency In
-- Grand Canyon Title Agency In
$257,000 Security Title Agency
-- --
$233,200 Transnation Title Insurance
$180,000 First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $421,500
Closed $423,750
Previous Owner $300,000
Previous Owner $143,500
Previous Owner $105,000
Previous Owner $37,500
Previous Owner $300,000
Previous Owner $300,000
Previous Owner $205,600
Previous Owner $46,640
Previous Owner $186,560
Previous Owner $144,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,112 $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

    99 Total Sales

    Jeffery Chesleigh
    Section Image
  • Ryan Swan

    Buyer's Agent in 2020

    Ryan Swan

    HomeSmart

    (602) 733-5455

    26 Total Sales

    Ryan Swan
    Section Image
  • Jason Bingham

    Seller's Agent in 2017

    Jason Bingham

    Distinguished Properties

    (602) 432-5765

    18 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

    43 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

    24 Total Sales

    Steven Cvetanovich
    Section Image

  • D

    Buyer's Agent in 2014

    Debra Gates

    HomeSmart

    (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

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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