Interior Features
- Double Vanity
- Vaulted Ceiling(s)
- 3/4 Bath Master Bdrm
- FlooringLaminate, Wood
- Window FeaturesScreens
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Questions about this home? Call or text ![]()
Drew DeLeon at 623-203-6803.
Drew DeLeon at 623-203-6803.Show all 34 photos
For Sale · 13 days↗ Share♡ Favorite
$220,000
7040 W Olive Ave Unit 55, Peoria, AZ 85345 Peoria
TOWNHOME
Home Highlights
Fireplace
12% Under Estimated ValueCotality estimate: $250,600
13% Below Area $/Sq Ft$219 vs $253, the Peoria median
Lower Property Taxes$615/yr, 28% below the typical Peoria rate
About This Home
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
Read moreKey Details
MLS #7087000
Monthly HOA$283
Price / Sq Ft$219
Listed09-30-2026
Property TypeTownhome
SubdivisionOlive Square Condominiums Phase 1
Tax (2025)$615
Assessed Value$21,510
How This Home Compares
vs. the 1155 homes for sale in PeoriaPrice$220,000
Median $489,900
$15,000
$14,208,210
55% below the median Peoria home ($489,900).
Price per Sq Ft$219
Median $253
$14
$722
13% below the median Peoria home ($253).
Home Size1,006 sq ft
Median 1,967 sq ft
560 sq ft
7,906 sq ft
49% smaller than the median Peoria home (1,967 sq ft).
Lot Size0.02 acres
Median 0.16 acres
0.00 acres
157.87 acres
85% smaller than the median Peoria home (0.16 acres).
Days on Market13 days
Median 55 days
0 days
690 days
Newer to the market than most homes here (55 days median).
7040 W Olive Ave Unit 55 at a Glance
MLS# 7087000
Offered at $220,000, this 2 bed, 2 bath home has 1,006 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
- Refrigerator
- Dishwasher
- Disposal
- Electric Range
- Electric Oven
- Dishwasher
- Disposal
- Electric Oven
- Electric Range
- Refrigerator
Exterior and Lot
- Storage
- FencingWrought Iron
- Patio and Porch FeaturesPatio
- Road Surface TypeAsphalt
- Patio
Garage and Parking
- Carport Spaces1
- Covered Spaces1
- Parking FeaturesAssigned
Building and Construction
- Total Square Feet Living1,006
- Year Built1987
- Common WallsNo Common Walls, End Unit
- Construction MaterialsStucco, Wood Frame, Painted
- Levels1
- Living Area SourceAssessor
- Property Age39
- RoofTile
- Levels or Stories1
- Building Total Stories1
- Vaulted Ceiling
Bedrooms and Bathrooms
- Bedrooms2
- Bedrooms Possible2
- Total Bathrooms2
- Full Bathrooms2
Heating and Cooling
- Cooling FeaturesCentral Air, Ceiling Fan(s)
- Fireplace FeaturesLiving Room
- Heating FeaturesElectric
- Heating
- Number of Fireplaces1
- Ceiling Fans
Land Info
- Grass Front
- Land LeaseNo
- LandscapingGrass Front
- Lot Size Acres0.024334
- Lot Size SourceAssessor
- Lot Size Square Feet1,060
Homeowners Association
- Association
- Association Fee283
- Association Fee FrequencyMonthly
- Association Fee IncludesRoof Repair, Insurance, Sewer, Pest Control, Maintenance Grounds, Trash, Water, Roof Replacement, Maintenance Exterior
- Calculated Total Monthly Association Fees283
- Association NameGud Community Manage
- Association Phone4806351133
School Information
- Elementary SchoolIra A Murphy
- Elementary School DistrictPeoria Unified School District
- High SchoolPeoria High School
- High School DistrictPeoria Unified School District
- Middle SchoolIra A Murphy
- School DistrictPeoria Unified School District
Multi-Unit Info
- Unit TypeAll on One Level, End Unit, No Common Walls
Amenities and Community Features
- Community FeaturesPool, Community Spa
Other Property Info
- Annual Tax Amount606
- Source Listing StatusActive
- CountyMaricopa County
- Cross Street67th Ave / Olive Ave
- DirectionsOlive 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
- Tax Year2026
- Source Property TypeResidential
- Property SubtypeTownhouse
- Source NeighborhoodOlive Square Condominiums Phase 1
- Parcel Number143-11-733
- Postal CityPeoria
- Postal Code Plus 48884
- Public Survey Section25
- SubdivisionOlive Square Condominiums Phase 1
- Township3N
- Property SubtypeTownhouse
Utilities
- SewerPublic Sewer
- 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 55, 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
$220,000on 09-30-2026
Last Sold $75,500 on 09-23-2014
First Recorded Sale $59,176 in 1988
SoldListed
| Date | Event | Price | Change |
|---|---|---|---|
| 09-30-2026MLSListed | Listed | $220,000 | +$218,405+13693.1% |
| 03-12-2026MLSListing Removed | Listing Removed | — | — |
| 03-01-2026MLSListing Removed | Listing Removed | — | — |
| 02-15-2026MLSListing Removed | Listing Removed | — | — |
| 05-03-2023MLSListing Removed | Listing Removed | — | — |
| 05-01-2023MLSListed for rent | Listed for rent | $1,595 | +$0+0.0% |
| 04-14-2023MLSListing Removed | Listing Removed | — | — |
| 04-08-2023MLSListed for rent | Listed for rent | $1,595 | −$73,905−97.9% |
| 09-23-2014Public RecordSold | Sold | $75,500 | −$4,400−5.5% |
| 08-12-2014MLSListing Removed | Listing Removed | — | — |
| 08-05-2014MLSListed | Listed | $79,900 | +$4,900+6.5% |
| 05-05-2010MLSListing Removed | Listing Removed | — | — |
| 04-19-2010MLSPrice Changed | Price Changed | $75,000 | +$5,000+7.1% |
| 04-15-2010MLSPrice Changed | Price Changed | $70,000 | +$25,000+55.6% |
| 04-14-2010MLSPrice Changed | Price Changed | $45,000 | −$35,000−43.8% |
| 03-19-2010MLSPrice Changed | Price Changed | $80,000 | −$5,000−5.9% |
| 09-28-2009MLSPrice Changed | Price Changed | $85,000 | −$10,000−10.5% |
| 07-16-2009MLSListed | Listed | $95,000 | +$0+0.0% |
| 07-03-2009MLSListing Removed | Listing Removed | — | — |
| 06-26-2009MLSPrice Changed | Price Changed | $95,000 | −$4,000−4.0% |
| 05-17-2009MLSPrice Changed | Price Changed | $99,000 | −$4,000−3.9% |
| 05-05-2009MLSPrice Changed | Price Changed | $103,000 | −$2,000−1.9% |
| 04-14-2009MLSPrice Changed | Price Changed | $105,000 | −$5,000−4.5% |
| 04-04-2009MLSPrice Changed | Price Changed | $110,000 | −$2,000−1.8% |
| 03-16-2009MLSPrice Changed | Price Changed | $112,000 | −$7,000−5.9% |
| 03-05-2009MLSPrice Changed | Price Changed | $119,000 | −$18,000−13.1% |
| 02-02-2009MLSListed | Listed | $137,000 | +$57,000+71.2% |
| 12-19-2001Public RecordSold | Sold | $80,000 | +$12,000+17.6% |
| 03-31-1999Public RecordSold | Sold | $68,000 | +$8,824+14.9% |
| 08-11-1988Public RecordSold | Sold | $59,176 | — |
2025 Property Tax
$615per year
Assessed Value $21,510
Tax records back to 2007
| Year | Property Tax | Assessed Value |
|---|---|---|
| 2025 | $615 | $21,510 |
| 2024 | $598 | $21,510 |
| 2023 | $603 | $23,230 |
| 2022 | $591 | $13,880 |
| 2020 | $623 | $12,020 |
| 2019 | $604 | $9,460 |
| 2018 | $586 | $7,850 |
| 2017 | $585 | $6,910 |
| 2016 | $578 | $6,980 |
| 2015 | $538 | $6,810 |
| 2014 | $461 | $4,750 |
| 2012 | $369 | $3,500 |
| 2011 | $423 | $3,500 |
| 2009 | $1,012 | $13,500 |
| 2008 | $951 | $14,200 |
| 2007 | $834 | $10,100 |
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 55 FAQ
At $220,000, the asking price of 7040 W Olive Ave Unit 55 is 55.1% below the median asking price of $489,900 for homes for sale in Peoria.
- Its price per square foot is $219, 13.5% below the median of $253 for homes for sale in Peoria.
- That is the 273rd lowest price per square foot of the 1,083 homes for sale in Peoria that list their size.
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©2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than West USA Realty.
Listing Information Last Updated 10-13-2026