NOT LISTED FOR SALE

3133 E Cicero St Mesa, AZ 85213

The Groves Neighborhood

Estimated Value: $698,230 - $963,000

-- Bed
-- Bath
3,648 Sq Ft
$217/Sq Ft Est. Value

Last Sold February 02, 2018

Last sale price $405,000 $111 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $4,350/month

67 Days on Market

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • Ceiling Fan
  • Franklin at Brimhall Elementary School Rated A

About This Home

As of February 2018

This is An EXCEPTIONAL INVESTMENT Opportunity! All 2 Bedroom / 2 Bath Apartments with LAUNDRY ROOMS INSIDE. All Four Units Have Been Remodeled in the Last Few Years (Painting, Vanities, Flooring, Fixtures) Unit #101 Has NEW Kitchen Cabinets & Counter Tops! Stable Great Paying Tenants and (1) Long Term Tenant! RENTS WERE at: $839.44; $686.81 (6 year tenant); $712.25 & $763.13; We INCREASED Unit #102; #201 & #202 by $50.00 Each; NEW RENTS ARE NOW: $839.44; $737.69; $763.13 & $814.00. All Three Tenants Signed NEW 6 Month Leases Effective 1/1/18!! This Building is a Turn Key Investment; POSITIVE Cash Flowing NOW..... with an EXTRA $150 CASH FLOW PER MONTH. Tile Roof and the Exterior Was Painted in the Last 3-4 Years! PLEASE DO NOT DISTURB TENANTS! STILL ROOM TO INCREASE RENTS BY $50 to $75!

Last Agent to Sell the Property

Bruce Duckett

Duckett Management & Real Estate License #BR537621000 Listed on: 11/13/2017

Last Buyer's Agent

Garen Avanesyan

Realty ONE Group License #SA563260000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,761

Year Built

  • Built in 1984

Lot Details

  • 8,451

Home Design

  • Wood Frame Construction
  • Tile Roof

Interior Spaces

  • Ceiling Fan

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Paved Parking
  • On-Street Parking

Schools

  • Highland Elementary School
  • Poston Junior High School
  • Mountain View High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for trash collection, water, sewer, landscaping
  • Tax Lot 30
  • Assessor Parcel Number 140-11-391

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8462
  • University Villa East Lot 1 49 Subdivision

Building Details

  • Operating Expense $9,791
  • Gross Income $37,200
  • Net Operating Income $27,409

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,761

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Cross Street: Val Vista & University
  • Legal Info Range: 6E
  • Property Type: Multiple Dwellings
  • Zoning: Residential Ren
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1984
  • Tax Year: 2017
  • Directions: West to Loma Vista; North On Loma Vista (turns to west & becomes Cicero) 3133 is On the South Side of Cicero.
  • Road Surface Type: Asphalt, Dedicated Street, Sidewalk(s)
  • Professional Management Expense: 2880.0
  • Subdivision Name: UNIVERSITY VILLA EAST LOT 1-49
  • Cooling:Ceiling Fan(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Vinyl, Wood
  • Appliances: F/S Oven/Range, Microwave, Washer/Dryer, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: 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, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Paved Parking, <1 Space Per Unit, Street Parking
  • Attached Garage: No
  • 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:Street Parking: Yes
  • Parking:Paved Parking: Yes
  • Parking:_less_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C, Individual, Heat Pump, Electric, Ceiling Fan(s)
  • Heating: Central, Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Annual Water Sewer Expense: 3300.0

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: 8462
  • Additional Parcels: No
  • Parcel #: 140-11-391

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Tenant Pays: See Remarks, Electricity, Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 37200.0
  • Insurance Expense: 1000.0
  • Maintenance Expense: 500.0
  • Property Net Operating Income: 27409.0
  • Annual Operating Expense: 9791.0

Tax Info

  • Tax Annual Amount: 1761.0
  • Tax Book Number: 140.00
  • Tax Lot: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 1, 2022
Sold by
Silvia Demirjian
Bought by
Demirjian Jirair and Demirjian Silvia
Current Estimated Value
$791,308

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Outstanding Balance
$372,700
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$416,557

Purchase Details

Closed on
Mar 25, 2022
Sold by
Silvia Demirjian
Bought by
Demirjian Jirair and Demirjian Silvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Outstanding Balance
$372,700
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$416,557

Purchase Details

Listed on
Nov 13, 2017
Closed on
Jan 31, 2018
Sold by
Demirjian Jirair
Bought by
Demirjian Silvia
Seller's Agent
Bruce Duckett
Duckett Management & Real Estate
Buyer's Agent
Garen Avanesyan
Realty ONE Group
List Price
$420,000
Sold Price
$405,000
Premium/Discount to List
-$15,000
-3.57%

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
$303,750
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 13, 2017
Closed on
Jan 5, 2018
Sold by
Future Breeze Llc
Bought by
Demirjian Silvia
Seller's Agent
Bruce Duckett
Duckett Management & Real Estate
Buyer's Agent
Garen Avanesyan
Realty ONE Group
List Price
$420,000
Sold Price
$405,000
Premium/Discount to List
-$15,000
-3.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,750
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 4, 2015
Closed on
Nov 25, 2015
Sold by
Moriyama Akiko
Bought by
Hirata Kazuyuki
Seller's Agent
Bruce Duckett
Duckett Management & Real Estate
Buyer's Agent
Yukiko Tadano
West USA Realty
List Price
$300,000
Sold Price
$288,000
Premium/Discount to List
-$12,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.18%
Original Mortgage
$206,600
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 4, 2015
Closed on
Nov 20, 2015
Sold by
Cicero Rentals Llc
Bought by
Hirata Kazuyuki
Seller's Agent
Bruce Duckett
Duckett Management & Real Estate
Buyer's Agent
Yukiko Tadano
West USA Realty
List Price
$300,000
Sold Price
$288,000
Premium/Discount to List
-$12,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,600
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2009
Sold by
Velicevich John D and Velicevich Andrea M E
Bought by
Cicero Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
5.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 2009
Sold by
Dharan Baburaj and Dharan Thottil Thrisia
Bought by
Velicevich John D and Velicevich Andrea M E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
5.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2005
Sold by
Burney James and Burney Barbara
Bought by
Dharan Baburaj and Thottil Thrisia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 30, 2005
Sold by
Weaver Sally
Bought by
Burney James D and Burney Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2003
Sold by
Weaver Sally
Bought by
Weaver Sally and The Sally Weaver Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.75%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 22, 2003
Sold by
Bishopp Dorothy W
Bought by
Weaver K Sally and Warren Lucian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.75%
Mortgage Type
Seller Take Back
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
Demirjian Jirair -- None Listed On Document
Demirjian Jirair -- None Listed On Document
Demirjian Silvia -- Dhi Title Agency
Demirjian Silvia $405,000 Dhi Title Agency
Hirata Kazuyuki -- Equity Title Agency Inc
Hirata Kazuyuki $288,000 Equity Title Agency Inc
Cicero Rentals Llc -- Accommodation
Velicevich John D $155,000 Grand Canyon Title Agency In
Dharan Baburaj $415,000 --
Burney James D $325,000 Capital Title Agency Inc
Weaver Sally -- Ticor Title Agency Of Az Inc
Weaver K Sally $225,000 Ticor Title Agency Of Az Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Demirjian Jirair $392,000
Closed Demirjian Jirair $392,000
Previous Owner Demirjian Silvia $303,750
Previous Owner Hirata Kazuyuki $206,600
Previous Owner Velicevich John D $116,250
Previous Owner Dharan Baburaj $332,000
Previous Owner Burney James D $260,000
Previous Owner Weaver K Sally $180,000
Closed Dharan Baburaj $62,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2018 02/02/18 Sold $405,000 -1.2% $111 / Sq Ft
01/19/2018 01/19/18 Pending -- -- --
12/19/2017 12/19/17 Price Changed $410,000 -2.4% $112 / Sq Ft
11/13/2017 11/13/17 For Sale $420,000 +45.8% $115 / Sq Ft
12/09/2015 12/09/15 Sold $288,000 -4.0% $79 / Sq Ft
10/08/2015 10/08/15 Pending -- -- --
10/04/2015 10/04/15 For Sale $300,000 -- $82 / 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 $2,052 $20,902 -- --
2024 $2,069 $19,907 -- --
2023 $2,069 $58,130 $11,620 $46,510
2022 $2,026 $43,950 $8,790 $35,160
2021 $2,050 $35,610 $7,120 $28,490
2020 $2,024 $33,430 $6,680 $26,750
2019 $1,891 $23,920 $4,780 $19,140
2018 $1,815 $21,400 $4,280 $17,120
2017 $1,761 $18,060 $3,610 $14,450
2016 $1,728 $18,300 $3,660 $14,640
2015 $1,624 $17,350 $3,470 $13,880
Source: Public Records

Agents Affiliated with this Home

  • Bruce Duckett

    Seller's Agent in 2018

    Bruce Duckett

    Duckett Management & Real Estate

    (602) 578-7199

    2 in this area

    8 Total Sales

    Bruce Duckett
    Section Image

  • G

    Buyer's Agent in 2018

    Garen Avanesyan

    Realty One Group

    Section Image
  • Yukiko Tadano

    Buyer's Agent in 2015

    Yukiko Tadano

    West USA Realty

    (602) 565-1630

    6 Total Sales

    Yukiko Tadano
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5687193

Arizona Regional Multiple Listing Service (ARMLS)

APN: 140-11-391

Arizona Maricopa County Mesa 85213 The Groves

3133 E Cicero St, Mesa, AZ

This home is located at 3133 E Cicero St, Mesa, AZ 85213 since 13 November 2017 and is currently estimated at $791,308, approximately $216 per square foot. This property was built in 1984. 3133 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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