Interior Features
- High Speed Internet
- Breakfast Bar
- No Interior Steps
- Laminate Counters
- FlooringVinyl
- Window FeaturesScreens, Dual Pane
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Drew DeLeon at 623-203-6803.
Drew DeLeon at 623-203-6803.Show all 38 photos
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For Sale · 193 days↗ Share♡ Favorite
$239,000↓ $900 price cut 09-04-2026
7040 W Olive Ave Unit 40, Peoria, AZ 85345 Peoria
TOWNHOME
About This Home
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. 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!
Read moreKey Details
MLS #6994015
Monthly HOA$283
Price / Sq Ft$281
Listed04-03-2026
Property TypeTownhome
SubdivisionOlive Square Condominiums Phase 1
Tax (2025)$417
Assessed Value$19,110
How This Home Compares
vs. the 1155 homes for sale in PeoriaPrice$239,000
Median $489,900
$15,000
$14,208,210
51% below the median Peoria home ($489,900).
Price per Sq Ft$281
Median $253
$14
$722
11% above the median Peoria home ($253).
Home Size852 sq ft
Median 1,967 sq ft
560 sq ft
7,906 sq ft
57% smaller than the median Peoria home (1,967 sq ft).
Lot Size0.02 acres
Median 0.16 acres
0.00 acres
157.87 acres
88% smaller than the median Peoria home (0.16 acres).
Days on Market193 days
Median 55 days
0 days
690 days
On the market longer than most homes here (55 days median).
7040 W Olive Ave Unit 40 at a Glance
MLS# 6994015
Offered at $239,000, this 2 bed, 1 bath home has 852 square feet of living space and was built in 1987. It sits in Olive Square Condominiums Phase 1, Peoria, zoned for Ira A Murphy Elementary School and Centennial High School.
Want to see it in person? Schedule a showing or call Drew DeLeon at 623-203-6803.
Property Details
Kitchen and Appliances
- Stacked Washer/Dryer
- Dryer
- Washer
- Refrigerator
- Built-in Microwave
- Dishwasher
- Disposal
- Electric Range
- Laundry FeaturesInside, Wshr/Dry HookUp Only
- Built-in Microwave
- Dishwasher
- Disposal
- Electric Range
- Laminate Counters
- Refrigerator
Exterior and Lot
- FencingBlock, Wrought Iron
- Patio and Porch FeaturesPatio
- Patio
Garage and Parking
- Carport Spaces1
- Covered Spaces1
- Parking FeaturesAssigned
Building and Construction
- Total Square Feet Living852
- Year Built1987
- Builder NameDesign Master Homes
- Construction MaterialsStucco, Wood Frame, Painted
- Levels1
- Living Area SourceAssessor
- Property Age39
- RoofComposition, Tile
- Levels or Stories1
- Building Total Stories1
- Architectural StyleRanch
Bedrooms and Bathrooms
- Bedrooms2
- Bedrooms Possible2
- Total Bathrooms1
- Full Bathrooms1
Heating and Cooling
- Cooling FeaturesHeat Pump, Central Air, Ceiling Fan(s)
- Heating FeaturesHeat Pump, Electric
- Heating
- Ceiling Fans
Land Info
- Borders Common Area
- Desert Front
- Grass Back
- Land LeaseNo
- LandscapingDesert Front, Grass Back
- Lot Size Acres0.019008
- Lot Size SourceAssessor
- Lot Size Square Feet828
Homeowners Association
- Association
- Association Fee283
- Association Fee FrequencyMonthly
- Association Fee IncludesInsurance, Sewer, Pest Control, Maintenance Grounds, Street Maint, Front Yard Maint, Trash, Maintenance Exterior
- Calculated Total Monthly Association Fees283
- Association NameOlive Square Condos
- Association Phone4806351133
School Information
- Elementary SchoolIra A Murphy
- Elementary School DistrictPeoria Unified School District
- High SchoolCentennial High School
- High School DistrictPeoria Unified School District
- Middle SchoolIra A Murphy
- School DistrictPeoria Unified School District
Amenities and Community Features
- Community FeaturesPool, Community Spa, Community Spa Htd, Near Bus Stop, Biking/Walking Path
Other Property Info
- Annual Tax Amount417
- Source Listing StatusUcb (Under Contract-Backups)
- CountyMaricopa County
- Cross StreetOlive Ave and 71st Ave
- DirectionsEast 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).
- Tax Year2025
- Source Property TypeResidential
- Property SubtypeTownhouse
- Source NeighborhoodOlive Square Condominiums Phase 1
- Parcel Number143-11-718
- Postal CityPeoria
- Postal Code Plus 48883
- Public Survey Section25
- SubdivisionOlive Square Condominiums Phase 1
- Township3N
- Property SubtypeTownhouse
Utilities
- SewerPublic Sewer, Sewer in & Cnctd
- Water SourcePublic
Schools Zoned for This Home
Peoria Unified School District
elementary & middle · K-8Photo: Google MapsIra A Murphy Elementary School
4/10
high · 9-12Photo: Google MapsCentennial High School
7/10
Mortgage Calculator
For 7040 W Olive Ave Unit 40, Peoria, AZ 85345Estimated Monthly Payment
/ month
Loan Amount
Down Payment
Down PaymentLoan Amount
$
%
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Today's national average$
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Rate from today's national average (7.36%). Includes estimated property taxes and HOA; homeowners insurance not included. An estimate, not a loan offer.
Price History
Listed For
$1,550on 09-16-2026
Last Sold $165,500 on 01-04-2021
First Recorded Sale $52,000 in 1994
SoldListed
| Date | Event | Price | Change |
|---|---|---|---|
| 09-16-2026MLSListed for rent | Listed for rent | $1,550 | −$237,450−99.4% |
| 09-04-2026MLSPrice Changed | Price Changed | $239,000 | −$900−0.4% |
| 07-10-2026MLSPrice Changed | Price Changed | $239,900 | −$10,000−4.0% |
| 05-29-2026MLSPrice Changed | Price Changed | $249,900 | −$10,000−3.8% |
| 05-08-2026MLSPrice Changed | Price Changed | $259,900 | −$10,000−3.7% |
| 04-03-2026MLSListed | Listed | $269,900 | +$104,400+63.1% |
| 01-04-2021MLSSold | Sold | $165,500 | +$35,000+26.8% |
| 06-29-2018MLSSold | Sold | $130,500 | +$0+0.0% |
| 05-24-2018MLSListed | Listed | $130,500 | +$129,685+15912.3% |
| 01-04-2018MLSListing Removed | Listing Removed | — | — |
| 03-09-2015MLSListing Removed | Listing Removed | — | — |
| 02-18-2015MLSListed for rent | Listed for rent | $815 | −$61,685−98.7% |
| 12-31-2014Public RecordSold | Sold | $62,500 | −$5,500−8.1% |
| 12-10-2014MLSListing Removed | Listing Removed | — | — |
| 12-07-2014MLSListed | Listed | $68,000 | +$67,250+8966.7% |
| 11-02-2010MLSListing Removed | Listing Removed | — | — |
| 09-14-2010MLSListed for rent | Listed for rent | $750 | −$52,250−98.6% |
| 01-25-1996Public RecordSold | Sold | $53,000 | +$1,000+1.9% |
| 12-02-1994Public RecordSold | Sold | $52,000 | — |
2025 Property Tax
$417per year
Assessed Value $19,110
Tax records back to 2007
| Year | Property Tax | Assessed Value |
|---|---|---|
| 2025 | $417 | $19,110 |
| 2024 | $405 | $19,110 |
| 2023 | $411 | $20,600 |
| 2022 | $402 | $12,010 |
| 2020 | $435 | $10,230 |
| 2019 | $420 | $7,930 |
| 2018 | $407 | $6,520 |
| 2017 | $476 | $5,660 |
| 2016 | $470 | $5,570 |
| 2015 | $438 | $5,480 |
| 2014 | $433 | $3,870 |
| 2012 | $345 | $2,850 |
| 2011 | $394 | $2,850 |
| 2009 | $861 | $11,350 |
| 2008 | $810 | $11,950 |
| 2007 | $713 | $8,450 |
Sale prices from public records; list prices from the MLS. Taxes shown are for the prior owner and can change after a sale.
7040 W Olive Ave Unit 40 FAQ
At $239,000, the asking price of 7040 W Olive Ave Unit 40 is 51.2% below the median asking price of $489,900 for homes for sale in Peoria.
- Its price per square foot is $281, 11.0% above the median of $253 for homes for sale in Peoria.
- That is the 326th highest price per square foot of the 1,083 homes for sale in Peoria that list their size.
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Listing Information Last Updated 10-13-2026