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: 9/30/2026

Overview

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.

Listing Details MLS# 7087000

Location, Tax & Legal

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
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

Contract Information

Type
Exclusive Right To Sell
Ownership
Fee Simple
Co-Ownership (Fractional) Agreement YN
No

General Property Description

Dwelling Type
Townhouse
Dwelling Styles
Detached
Exterior Stories
Yes
# of Interior Levels
Yes
# Bedrooms
2
Full Bathrooms
2
Total Bathrooms
2
Approx SQFT
1006
Price/SqFt
218.69
Horses
N
Builder Name
unknown
Year Built
1987
Approx Lot SqFt
1060
Approx Lot Acres
0.024
Community Pool Y/N
Yes
Private Pool Y/N
No
Fireplace YN
Yes
Fireplaces Total
Yes
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
Half Bathrooms
0

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

Legal Info

Township
3N
Range
1E
Section
25
Lot Number
55

Basement

Basement Y/N
N

More Information

Items Updated

Floor Yr Updated
2026

Parking Spaces

Carport Spaces
Yes
Total Covered Spaces
Yes
Slab Parking Spaces
0

Showing Notification Methods

Showing Service
Aligned Showings
Email
Yes

Special Listing Cond

N/A
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Tile
Yes

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

Lockbox Type

Supra
Yes

Master Bathroom

3/4 Bath Master Bdrm
Yes
Double Vanity
Yes
Private Toilet Room
Yes

Master Bedroom

Split
Yes

Fireplace Features

Fireplace Living Rm
Yes

Flooring

Laminate
Yes
Wood
Yes

Window Features

Screens
Yes

Community Features

Community Spa
Yes

Dining Area

Dining in LR/GR
Yes

Heating

Electric
Yes

Kitchen Features

Dishwasher
Yes
Disposal
Yes
Electric Oven
Yes
Electric Range
Yes
Refrigerator
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes

Interior Features

Vaulted Ceiling(s)
Yes

Laundry

Stacked Washer/Dryer
Yes

Separate Den/Office

Sep Den/Office Y/N
N

Road Surface Type

Asphalt
Yes

Fencing

Wrought Iron
Yes

Water Source

City Water
Yes

Community Pool Features

Outdoor
Yes

Exterior Features

Patio
Yes
Storage
Yes

Spa

None
Yes

Sewer

Sewer - Public
Yes

Parking Features

Assigned Parking
Yes

New Financing

Cash
Yes
Conventional
Yes

Utilities

SRP
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Landscaping

Grass Front
Yes

Unit Style

All on One Level
Yes
No Common Walls
Yes
End Unit
Yes

Disclosures

None
Yes

Possession

Close of Escrow
Yes

Association Fee Incl

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

Assoc Rules/Info

Prof Managed
Yes

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; Conventional Disclosures: None
IDX
Listing Office: HomeSmart
Office Phone: 602-230-7600
Office Email: rlarue@hsmove.com
Last Updated: September - 30 - 2026
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