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7040 W Olive Avenue Unit 55, Peoria, AZ 85345

$220,000
Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,006 Lot Size (sq. ft.): 1,060 Status: Active
Current Price: $220,000 Last Modified: 10/01/2026

Description

Olive Square is a unique community of many single family homes (no common walls) but are classified as condos. This home has an open floor plan, kitchen with breakfast bar and 2 pantries, dining area, 2 bedrooms and 2 bathrooms, large patio and updated flooring. The patio can be accessed, via sliding glass doors, from the living room or the main bedroom. The primary bedroom offers spacious bath, large walk-in closet and laundry. The community offers a pool and spa. The covered parking is right across from the front door for ease of use. Seller will work with buyer agent fee and seller concessions. VA approved

More Information MLS# 7087000

Contract Information

Type: Exclusive Right To Sell Ownership: Fee Simple Co-Ownership (Fractional) Agreement YN: No List Price: $220,000 Status: Active Current Price: $220,000 List Date: 2026-09-30

Location, Tax & Legal

Unit #: Unit 55 Assessor's Map #: 11 Legal Description (Abbrev): LOT 55 OLIVE SQUARE CONDOMINIUMS PHASE 1 MCR 032103 Assessor's Parcel #: 733 Tax Municipality: Peoria Taxes: 606 House Number: 7040 Compass: W Street Name: Olive St Suffix: Avenue City/Town Code: Peoria State/Province: AZ Zip Code: 85345 Zip4: 8884 Country: US County Code: Maricopa Assessor Number: 143-11-733 Subdivision: OLIVE SQUARE CONDOMINIUMS PHASE 1 Tax Year: 2026

General Property Description

Dwelling Styles: Detached # of Interior Levels: 1 # Bedrooms: 2 Full Bathrooms: 2 Half Bathrooms: 0 Total Bathrooms: 2 Approx SQFT: 1006 Price/SqFt: 218.69 Approx Lot SqFt: 1060 Approx Lot Acres: 0.024 Horses: N Builder Name: unknown Elementary School District: Peoria Unified School District High School District: Peoria Unified School District Elementary School: Ira A Murphy Jr. High School: Ira A Murphy High School: Peoria High School Community Pool Y/N: Yes Private Pool Y/N: No Fireplace YN: Yes Fireplaces Total: 1 Dwelling Type: Townhouse Exterior Stories: 1 Year Built: 1987

Legal Info

Range: 1E Section: 25 Township: 3N Lot Number: 55

Special Listing Cond

N/A: 1

Construction

Wood Frame: 1

Const - Finish

Painted: 1 Stucco: 1

Roofing

Tile: 1

Association & Fees

HOA Y/N: Y HOA Disclosure/Addendum Affirmation: Yes HOA Transfer Fee: 100 HOA Fee: 283 HOA Paid Frequency: Monthly HOA Name: GUD Community Manage HOA Telephone: 480-635-1133 Special Assessment HOA: No HOA 2 Y/N: N PAD Fee Y/N: N Cap Improvement/Impact Fee: 0 Cap Improvement/Impact Fee $/%: $ Prepaid Association Fees HOA: 566 Disclosure Fees HOA: 277 Other Fees HOA: 23 Other Fees Description: demand statement Com Facilities Distr: N Land Lease Fee Y/N: N Rec Center Fee Y/N: N Ttl Mthly Fee Equiv: 283

Showing Notification Methods

Showing Service: Aligned Showings Email: 1

Lockbox Type

Supra: 1

Master Bathroom

3/4 Bath Master Bdrm: 1 Double Vanity: 1 Private Toilet Room: 1

Master Bedroom

Split: 1

Fireplace Features

Fireplace Living Rm: 1

Flooring

Laminate: 1 Wood: 1

Window Features

Screens: 1

Community Features

Community Spa: 1

Dining Area

Dining in LR/GR: 1

Heating

Electric: 1

Kitchen Features

Dishwasher: 1 Disposal: 1 Electric Oven: 1 Electric Range: 1 Refrigerator: 1

Cooling

Ceiling Fan(s): 1 Central Air: 1

Interior Features

Vaulted Ceiling(s): 1

Laundry

Stacked Washer/Dryer: 1

Basement

Basement Y/N: N

Separate Den/Office

Sep Den/Office Y/N: N

Road Surface Type

Asphalt: 1

Fencing

Wrought Iron: 1

Water Source

City Water: 1

Community Pool Features

Outdoor: 1

Exterior Features

Patio: 1 Storage: 1

Spa

None: 1

Sewer

Sewer - Public: 1

Parking Spaces

Slab Parking Spaces: 0 Total Covered Spaces: 1 Carport Spaces: 1

Parking Features

Assigned Parking: 1

New Financing

Cash: 1 VA: 1 Conventional: 1

Utilities

SRP: 1

Existing 1st Loan

Treat as Free&Clear: 1

Landscaping

Grass Front: 1

Items Updated

Floor Yr Updated: 2026

Unit Style

All on One Level: 1 No Common Walls: 1 End Unit: 1

Disclosures

None: 1

Possession

Close of Escrow: 1

Association Fee Incl

Exterior Mnt of Unit: 1 Roof Repair: 1 Roof Replacement: 1 Blanket Ins Policy: 1 Water: 1 Sewer: 1 Garbage Collection: 1 Pest Control: 1 Common Area Maint: 1

Assoc Rules/Info

Prof Managed: 1

DPR Eligible

DPR Eligible: Yes

Remarks Misc

Cross Street: 67th Ave / Olive Ave Directions: Olive Ave to north on 70th Ave (to the south of the entrance is 69th Ave- ie across from 69th ave. the entrance to Olive Square is set back a bit. Pass the guard gate and take an immediate right. Then left at end and 3rd covered carport is parking space and unit generic flyer in docs tab Geo Lat: 33.56807 Geo Lon: -112.208964

Property Features

Special Listing Cond: N/A Master Bathroom: 3/4 Bath Master Bdrm; Double Vanity; Private Toilet Room Master Bedroom: Split Fireplace Features: Fireplace Living Rm Flooring: Laminate; Wood Window Features: Screens Community Pool Features: Outdoor Spa: None Community Features: Community Spa Dining Area: Dining in LR/GR Kitchen Features: Electric Oven; Electric Range; Disposal; Dishwasher; Refrigerator Laundry: Stacked Washer/Dryer Interior Features: Vaulted Ceiling(s) Exterior Features: Patio; Storage Parking Features: Assigned Parking Road Surface Type: Asphalt Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Tile Cooling: Central Air; Ceiling Fan(s) Heating: Electric Utilities: SRP Water Source: City Water Sewer: Sewer - Public Fencing: Wrought Iron Landscaping: Grass Front Showing Notification Methods: Email Lockbox Type: Supra Possession: Close of Escrow Unit Style: All on One Level; No Common Walls; End Unit Association Fee Incl: Exterior Mnt of Unit; Roof Repair; Roof Replacement; Blanket Ins Policy; Water; Sewer; Garbage Collection; Pest Control; Common Area Maint Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; Conventional Disclosures: None

Documents

View Document 7040 W Olve generic Flyer short ›
Listing Office: HomeSmart
IDX
Office Phone: 602-230-7600
Office Email: rlarue@hsmove.com
Last Updated: October - 01 - 2026
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