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
For sale
$220,000
7040 W Olive Avenue Unit 55, Peoria, AZ 85345
2beds
1,006sqft
Townhouse
Built in 1987
1,060 Square Feet Lot
$-- Zestimate®
$219/sqft
$283/mo HOA
What's special
Open floor planDining areaLarge patioLarge walk-in closetKitchen with breakfast bar
- 8 days
- 373
- 31
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Jeanne C Davidson 602-826-3697,
HomeSmart
Source: ARMLS,MLS#: 7087000
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Washer/Dryer Stacked, Refrigerator, Dishwasher, Disposal, Electric Range, Electric Oven
Features
- Double Vanity, Vaulted Ceiling(s), 3/4 Bath Master Bdrm
- Flooring: Laminate, Wood
- Windows: Screens
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Living Room
- Common walls with other units/homes: No Common Walls,End Unit
Interior area
- Total structure area: 1,006
- Total interior livable area: 1,006 sqft
Property
Parking
- Total spaces: 1
- Parking features: Assigned
- Carport spaces: 1
Features
- Stories: 1
- Patio & porch: Patio
- Exterior features: Storage
- Spa features: None
- Fencing: Wrought Iron
Lot
- Size: 1,060 Square Feet
- Features: Grass Front
Details
- Parcel number: 14311733
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
Materials
- Stucco, Wood Frame, Painted
- Roof: Tile
Condition
- Year built: 1987
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Features: Pool, Community Spa
- Subdivision: OLIVE SQUARE CONDOMINIUMS PHASE 1
HOA
- Has HOA: Yes
- Services included: Roof Repair, Insurance, Sewer, Pest Control, Maintenance Grounds, Trash, Water, Roof Replacement, Maintenance Exterior
- HOA fee: $283 monthly
- HOA name: GUD Community Manage
- HOA phone: 480-635-1133
Location
- Region: Peoria
Financial & listing details
- Price per square foot: $219/sqft
- Tax assessed value: $215,100
- Annual tax amount: $606
- Date on market: 9/30/2026
- Cumulative days on market: 9 days
- Listing terms: VA Loan,Cash,Conventional
- Ownership: Fee Simple
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/30/2026 | Listed for sale | $220,000+191.4%$219/sqft |
Source:  ARMLS #7087000 Report a problem | ||
| 5/23/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/8/2023 | Listed for rent | $1,595-5.9%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/12/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 3/3/2022 | Listed for rent | $1,695+30.9%$2/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 7/28/2020 | Listing removed | $1,295$1/sqft |
Source: Valentine Team, LLC #6101597 Report a problem | ||
| 7/11/2020 | Listed for rent | $1,295$1/sqft |
Source: Valentine Team, LLC #6101597 Report a problem | ||
| 9/23/2014 | Sold | $75,500-4.4%$75/sqft |
Source: Public Record Report a problem | ||
| 7/30/2014 | Listed for sale | $79,000-7.1%$79/sqft |
Source: Owner Report a problem | ||
| 11/14/2009 | Listing removed | $85,000$84/sqft |
Source: West USA Realty Revelation Report a problem | ||
| 8/2/2009 | Price change | $85,000-38.8%$84/sqft |
Source: West USA Realty Revelation Report a problem | ||
| 2/16/2009 | Listed for sale | $139,000+73.8%$138/sqft |
Source: West USA Realty Revelation #4118574 Report a problem | ||
| 12/16/2001 | Sold | $80,000+17.6%$80/sqft |
Source: ARMLS #1707303 Report a problem | ||
| 3/31/1999 | Sold | $68,000$68/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $603 +2.8% | $21,510 -7.4% |
| 2024 | $587 -1% | $23,230 +288.9% |
| 2023 | $593 +0.2% | $5,973 -57% |
| 2022 | $592 -5.1% | $13,880 +7.5% |
| 2021 | $624 +3.1% | $12,910 +7.4% |
| 2020 | $605 +3.1% | $12,020 +27.1% |
| 2019 | $587 | $9,460 +20.5% |
| 2018 | $587 +0.3% | $7,850 +13.6% |
| 2017 | $585 +8.7% | $6,910 -1% |
| 2016 | $538 +16.6% | $6,980 +2.5% |
| 2015 | $462 | $6,810 +43.4% |
| 2014 | -- | $4,750 +35.7% |
| 2013 | -- | $3,500 |
| 2012 | -- | $3,500 -27.1% |
| 2011 | -- | $4,800 -47% |
| 2010 | -- | $9,050 -33% |
| 2009 | -- | $13,500 -4.9% |
| 2008 | -- | $14,200 +40.6% |
| 2007 | -- | $10,100 +37.4% |
| 2006 | -- | $7,350 |
| 2005 | -- | $7,350 +6.5% |
| 2004 | -- | $6,900 |
| 2003 | -- | $6,900 +8.7% |
| 2002 | -- | $6,350 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 85345
Nearby schools
Schools provided by the listing agent
- Elementary: Ira A Murphy
- Middle: Ira A Murphy
- High: Peoria High School
- District: Peoria Unified School District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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