NOT LISTED FOR SALE

3121 E Cicero St Mesa, AZ 85213

The Groves Neighborhood

Estimated Value: $747,000 - $931,000

8 Beds
-- Bath
3,380 Sq Ft
$242/Sq Ft Est. Value

Last Sold August 24, 2020

Last sale price $550,000 $163 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $4,483/month

3 Days on Market

Highlights

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

About This Home

As of August 2020

Don't miss this tremendous opportunity to purchase a 4 plex in Mesa with no HOA. Each unit is a single level inside with 2 bedrooms, 2 full baths and storage closet attached to each unit. Shared, fully fenced rear yard sets this building apart from others in the neighborhood. Property is fully leased with strong rents and all deposits exceeding one months' rent. Water and sewer on a single meter for the property and City of Mesa utility bill includes trash, which is currently paid by the owner. Close to shopping and transportation.

Last Agent to Sell the Property

Marti Sauers

Watermark Arizona Properties License #BR636078000 Listed on: 07/17/2020

Last Buyer's Agent

Garen Avanesyan

Realty ONE Group License #SA563260000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,782

Year Built

  • Built in 1984

Lot Details

  • 7,797

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Paved Parking
  • Assigned 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 29
  • Assessor Parcel Number 140-11-390

Community Details

Overview

  • 4 Units
  • Building Dimensions are 100 X 78
  • University Villa East Lot 1 49 Subdivision

Building Details

  • Operating Expense $5,782

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,782

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: RM-3
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2019
  • Directions: West on University, then North on Los Alamos and then head east on Cicero to four plex on the South side of Street. No sign. DO NOT DISTURB TENANTS.
  • Road Surface Type: Asphalt
  • Subdivision Name: UNIVERSITY VILLA EAST LOT 1-49
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: 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, Assigned, >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:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: SRP
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Master Meter
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes

Fee Information

  • Annual Water Sewer Expense: 4000.0

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: 100 X 78
  • Additional Parcels: No
  • Parcel #: 140-11-390

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Operating Expense: 5782.0

Tax Info

  • Tax Annual Amount: 1782.0
  • Tax Book Number: 140.00
  • Tax Lot: 29

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2020
Closed on
Aug 17, 2020
Sold by
Morin Sally
Bought by
Demirjian Shunt Hagop and Eledgian Alice
Seller's Agent
Marti Sauers
Watermark Arizona Properties
Buyer's Agent
Garen Avanesyan
Realty ONE Group
List Price
$544,000
Sold Price
$550,000
Premium/Discount to List
$6,000
1.1%
Current Estimated Value
$818,542

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,542
Avg. Annual Appreciation
8.08%
Original Mortgage
$412,500
Outstanding Balance
$370,819
Interest Rate
3%
Estimated Equity
$446,016

Purchase Details

Listed on
Apr 22, 2017
Closed on
May 26, 2017
Sold by
Save The Family Foundation Of Arizona
Bought by
Morin Sally
Seller's Agent
Howard Rudin
West USA Realty
Buyer's Agent
Marti Sauers
Watermark Arizona Properties
List Price
$350,000
Sold Price
$322,000
Premium/Discount to List
-$28,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.97%
Original Mortgage
$241,500
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 22, 2017
Closed on
May 24, 2017
Sold by
Larson Kali and Morin Sally Lea
Bought by
Morin Sally Lea
Seller's Agent
Howard Rudin
West USA Realty
Buyer's Agent
Marti Sauers
Watermark Arizona Properties
List Price
$350,000
Sold Price
$322,000
Premium/Discount to List
-$28,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,500
Interest Rate
3.97%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Demirjian Shunt Hagop $550,000 Dhi Title Agency
Morin Sally $322,000 Pioneer Title Agency Inc
Morin Sally Lea -- Pioneer Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Demirjian Shunt Hagop $412,500
Previous Owner Morin Sally Lea $241,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2020 08/24/20 Sold $550,000 +1.1% $163 / Sq Ft
08/22/2020 08/22/20 Price Changed $544,000 0.0% $161 / Sq Ft
08/19/2020 08/19/20 Price Changed $544,000 0.0% $161 / Sq Ft
07/20/2020 07/20/20 Pending -- -- --
07/17/2020 07/17/20 For Sale $544,000 +68.9% $161 / Sq Ft
05/31/2017 05/31/17 Sold $322,000 -8.0% $95 / Sq Ft
04/25/2017 04/25/17 Pending -- -- --
04/22/2017 04/22/17 For Sale $350,000 -- $104 / 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 $1,934 $19,698 -- --
2024 $1,949 $18,760 -- --
2023 $1,949 $54,770 $10,950 $43,820
2022 $1,909 $41,430 $8,280 $33,150
2021 $1,932 $33,570 $6,710 $26,860
2020 $1,907 $31,510 $6,300 $25,210
2019 $1,782 $25,740 $7,280 $18,460
2018 $2,565 $19,370 $3,870 $15,500
2017 $2,489 $18,830 $3,760 $15,070
2016 $0 $12,970 $2,590 $10,380
2015 -- $14,630 $2,920 $11,710
Source: Public Records

Agents Affiliated with this Home

  • Marti Sauers

    Seller's Agent in 2020

    Marti Sauers

    Watermark Arizona Properties

    (602) 740-3820

    33 Total Sales

    Marti Sauers
    Section Image

  • G

    Buyer's Agent in 2020

    Garen Avanesyan

    Realty One Group

    Section Image
  • Howard Rudin

    Seller's Agent in 2017

    Howard Rudin

    West USA Realty

    (602) 390-8088

    1 in this area

    127 Total Sales

    Howard Rudin
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6104431

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-11-390

Arizona Maricopa County Mesa 85213 The Groves

3121 E Cicero St, Mesa, AZ

This home is located at 3121 E Cicero St, Mesa, AZ 85213 since 17 July 2020 and is currently estimated at $818,542, approximately $242 per square foot. This property was built in 1984. 3121 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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