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7040 W OLIVE Avenue 40, Peoria, AZ 85345

$259,900
Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 852 Lot Size (sq. ft.): 828 Status: Active
Current Price: $259,900 List Date: 4/03/2026 Last Modified: 5/10/2026

Description

PRICE REDUCED! Rare standalone townhome across from community pool & spa! Don't miss this rare opportunity to own a charming 2 bedroom, 1 bath standalone townhome ideally located directly across from the community pool and spa. This inviting home features an open-concept kitchen and living area, perfect for everyday living or entertaining. Recent updates include luxury vinyl plank flooring installed in 2024 and a new water heater in 2025, offering modern style and peace of mind. The primary bedroom includes a private patio exit and overlooks the peaceful greenbelt, while the front bedroom enjoys views of the pool area. The bathroom features dual entry access, adding convenience and functionality.

Supplements: All appliances are included: -Refrigerator -Stainless steel flat-top range -Built-in microwave -Dishwasher -Newer stackable washer & dryer (2022) Step outside to relax on the enclosed back patio adjacent to the greenbelt, perfect for quiet mornings or entertaining guests. Residents also enjoy easy access to the community pool and spa just steps away. Located in a highly convenient area near shopping, dining, and Glendale Community College, this home combines comfort, updates, and an excellent location. A truly special property -- must see!

More Information MLS# 6994015

Contract Information

Type: Exclusive Right To Sell Ownership: Condominium Co-Ownership (Fractional) Agreement YN: No List Price: $259,900 Status: Active Current Price: $259,900 List Date: 2026-03-05

Location, Tax & Legal

Unit #: 40 Assessor's Map #: 11 Legal Description (Abbrev): LOT 40 OLIVE SQUARE CONDOMINIUMS PHASE 1 MCR Assessor's Parcel #: 718 Tax Municipality: Peoria Taxes: 417 House Number: 7040 Compass: W Street Name: OLIVE St Suffix: Avenue City/Town Code: Peoria State/Province: AZ Zip Code: 85345 Zip4: 8883 Country: US County Code: Maricopa Assessor Number: 143-11-718 Subdivision: OLIVE SQUARE CONDOMINIUMS PHASE 1 Tax Year: 2025

General Property Description

Dwelling Styles: Detached # of Interior Levels: 1 Full Bathrooms: 1 Half Bathrooms: 0 Approx SQFT: 852 Price/SqFt: 305.05 Approx Lot SqFt: 828 Approx Lot Acres: 0.019 Horses: N Builder Name: Design Master Homes 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: Centennial High School Community Pool Y/N: Yes Private Pool Y/N: No Fireplace YN: No Marketing Name: Olive Square Condominiums Dwelling Type: Townhouse Exterior Stories: 1 # Bedrooms: 2 Total Bathrooms: 1 Year Built: 1987

Legal Info

Range: 1E Section: 25 Township: 3N Lot Number: 40

Special Listing Cond

N/A: 1

Construction

Wood Frame: 1

Const - Finish

Painted: 1 Stucco: 1

Roofing

Composition: 1 Tile: 1

Association & Fees

HOA Y/N: Y HOA Disclosure/Addendum Affirmation: Yes HOA Transfer Fee: 0 HOA Fee: 283 HOA Paid Frequency: Monthly HOA Name: Olive Square Condos HOA Telephone: 520-742-5674 HOA Management Company: Associa Arizona HOA Management Phone: 520-742-5674 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: 516 Disclosure Fees HOA: 400 Other Fees HOA: 0 Land Lease Fee Y/N: N Rec Center Fee Y/N: N Ttl Mthly Fee Equiv: 283

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

Combo: 1

Architecture

Ranch: 1

Master Bathroom

None: 1

Flooring

Vinyl: 1

Window Features

Screens: 1 Dual Pane: 1

Community Features

Biking/Walking Path: 1 Community Spa: 1 Community Spa Htd: 1 Near Bus Stop: 1

Dining Area

Breakfast Bar: 1 Dining in LR/GR: 1

Heating

Heat Pump: 1 Electric: 1

Kitchen Features

Dishwasher: 1 Disposal: 1 Electric Range: 1 Laminate Counters: 1 Built-in Microwave: 1 Refrigerator: 1

Cooling

Ceiling Fan(s): 1 Central Air: 1 Heat Pump: 1

Interior Features

No Interior Steps: 1

Laundry

Washer Included: 1 Dryer Included: 1 Stacked Washer/Dryer: 1 Washer Hookup: 1 220 V Dryer Hookup: 1 Inside: 1

Basement

Basement Y/N: N

Separate Den/Office

Sep Den/Office Y/N: N

Technology

Cable TV Avail: 1 High Speed Internet: 1

Fencing

Block: 1 Wrought Iron: 1

Water Source

City Water: 1

Community Pool Features

Fenced: 1 Heated: 1 Outdoor: 1 Play Pool: 1

Exterior Features

Patio: 1

Spa

None: 1

Sewer

Sewer - Public: 1 Sewer-In & Connected: 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 FHA: 1

Plumbing

Electric Hot Wtr Htr: 1

Utilities

SRP: 1

Existing 1st Loan

FHA: 1

Property Description

Borders Common Area: 1

Landscaping

Desert Front: 1 Grass Back: 1

Services

City Services: 1

Items Updated

Floor Yr Updated: 2024 Floor Partial/Full: Full Plmbg Yr Updated: 2025 Plmbg Partial/Full: Partial Ht/Cool Yr Updated: 2005 Ht/Cool Partial/Full: Full Kitchen Yr Updated: 2015 Kitchen Partial/Full: Partial Bath(s) Yr Updated: 2015 Bath(s) Partial/Full: Partial

Disclosures

Seller Discl Avail: 1 Agency Discl Req: 1

Possession

Close of Escrow: 1

Association Fee Incl

Exterior Mnt of Unit: 1 Blanket Ins Policy: 1 Sewer: 1 Garbage Collection: 1 Pest Control: 1 Front Yard Maint: 1 Common Area Maint: 1 Street Maint: 1

Assoc Rules/Info

Pets OK (See Rmrks): 1 Rental OK (See Rmks): 1 FHA Approved Prjct: 1 Prof Managed: 1

Remarks Misc

Cross Street: Olive Ave and 71st Ave Directions: East on Olive Ave. Left on Olive Square. Drive to the left of the complex and park north of the cluster mailbox. Walk down sidewalk toward the community pool. Property located on the left side of the pool (directly across from the pool). Geo Lat: 33.568708 Geo Lon: -112.209459

Property Features

Special Listing Cond: N/A Architecture: Ranch Master Bathroom: None Flooring: Vinyl Window Features: Screens; Dual Pane Community Pool Features: Fenced; Heated; Outdoor; Play Pool Spa: None Community Features: Biking/Walking Path; Community Spa; Community Spa Htd; Near Bus Stop Dining Area: Breakfast Bar; Dining in LR/GR Kitchen Features: Electric Range; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Laminate Counters Laundry: Washer Included; Dryer Included; Stacked Washer/Dryer; Washer Hookup; 220 V Dryer Hookup; Inside Interior Features: No Interior Steps Technology: Cable TV Avail; High Speed Internet Exterior Features: Patio Parking Features: Assigned Parking Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Composition; Tile Cooling: Central Air; Ceiling Fan(s); Heat Pump Heating: Heat Pump; Electric Plumbing: Electric Hot Wtr Htr Utilities: SRP Water Source: City Water Sewer: Sewer - Public; Sewer-In & Connected Services: City Services Fencing: Wrought Iron; Block Property Description: Borders Common Area Landscaping: Desert Front; Grass Back Lockbox Type: Combo Possession: Close of Escrow Association Fee Incl: Exterior Mnt of Unit; Blanket Ins Policy; Sewer; Garbage Collection; Pest Control; Front Yard Maint; Common Area Maint; Street Maint Existing 1st Loan: FHA New Financing: Cash; VA; FHA; Conventional Disclosures: Seller Discl Avail; Agency Discl Req
Listing Office: West USA Realty
IDX
Last Updated: May - 10 - 2026
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