7040 W OLIVE Avenue 36, Peoria, AZ 85345 (MLS# 5523285)

7040 W OLIVE Avenue 36, Peoria, AZ 85345

$75,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 1,006 Lot Size (sq. ft.): 994 Status: Closed

Current Price: $75,000 Last Modified: 12/18/2025

Description

We are under contract. Any other offers submitted will be held as back up. INVESTOR SPECIAL! Probate Estate asset in adorable townhome community! This unit is completely detached and features two bedrooms, two bathrooms, and a fenced in back patio. Break out the power tools and give this property the makeover it deserves.

More Information MLS# 5523285

Contract Information

Type: Exclusive Right To Sell Ownership: Fee Simple Sold Price: $75,000 Status: Closed Current Price: $75,000 List Date: 2016-11-09

Location, Tax & Legal

Unit #: 36 Assessor's Map #: 11 Legal Description (Abbrev): OLIVE SQUARE CONDOMINIUMS PHASE 1 MCR 303-27 UNIT 0036 TOG WI AN UNDIV FRAC INT IN THE COMMON ELEM E Assessor's Parcel #: 714 Tax Municipality: Peoria Taxes: 538 Map Code/Grid: M31 House Number: 7040 Compass: W Street Name: OLIVE St Suffix: Avenue City/Town Code: Peoria State/Province: AZ Zip Code: 85345 Zip4: 8883 County Code: Maricopa Assessor Number: 143-11-714 Subdivision: OLIVE SQUARE CONDOMINIUMS PHASE 1 Tax Year: 2015

General Property Description

Dwelling Styles: Detached # of Interior Levels: 1 Approx SQFT: 1006 Price/SqFt: 74.55 Approx Lot SqFt: 994 Horses: N Builder Name: Design Master 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 Dwelling Type: Townhouse Exterior Stories: 1 # Bedrooms: 2 Total Bathrooms: 2 Year Built: 1987

Legal Info

Range: 1E Section: 25 Township: 3N Lot Number: 36

Special Listing Cond

Probate/Estate: 1 Court Approval Required: 1

Construction

Wood Frame: 1

Const - Finish

Painted: 1 Stucco: 1

Roofing

Tile: 1 Concrete: 1

Status Update

Multiple Offers Received: 1

Pmt & Rate Info

Down Payment: 0 Total Asum Mnth Pmts: 0

Association & Fees

HOA Y/N: Y HOA Transfer Fee: 125 HOA Fee: 190 HOA Paid Frequency: Monthly HOA Name: Olive Square Condos HOA Telephone: 480-948-5860 HOA 2 Y/N: N PAD Fee Y/N: N Cap Improvement/Impact Fee: 0 Cap Improvement/Impact Fee $/%: $ Cap Improvement/Impact Fee 2: 0 Cap Improvement/Impact Fee 2 $/%: $ Land Lease Fee Y/N: N Rec Center Fee Y/N: N Rec Center Fee 2 Y/N: N Ttl Mthly Fee Equiv: 190

Master Bathroom

Full Bth Master Bdrm: 1

Additional Bedroom

Master Bedroom Walk-in Closet: 1 Other Bedroom Walk-in Closet: 1

Flooring

Concrete: 1

Community Features

Clubhouse/Rec Room: 1 Community Spa: 1 Gated: 1

Dining Area

Eat-in Kitchen: 1

Heating

Electric: 1

Kitchen Features

None: 1

Cooling

Central Air: 1

Interior Features

Fix-Up Needs Repair: 1 Vaulted Ceiling(s): 1

Laundry

Stacked Washer/Dryer: 1 Inside: 1

Basement

Basement Y/N: N

Separate Den/Office

Sep Den/Office Y/N: N

Fencing

Block: 1 Wrought Iron: 1

Water Source

City Water: 1

Spa

None: 1

Sewer

Sewer - Public: 1

Parking Spaces

Slab Parking Spaces: 0 Total Covered Spaces: 1 Carport Spaces: 1

New Financing

Cash: 1 Conventional: 1

Utilities

SRP: 1

Existing 1st Loan

Treat as Free&Clear: 1

Landscaping

None: 1

Unit Style

All on One Level: 1

Contact Info

List Agent Home Phn: 602-319-1326

Disclosures

None: 1

Possession

Close of Escrow: 1

Association Fee Incl

Roof Repair: 1 Roof Replacement: 1 Blanket Ins Policy: 1 Garbage Collection: 1 Common Area Maint: 1

Assoc Rules/Info

Prof Managed: 1

Sold Info

Loan Type: Cash Closing Cost Split: Normal - N Payment Type: Fixed Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 0 Seller Concession $/%: $

Remarks Misc

Cross Street: 67th Ave & Olive Directions: From 67th Ave head west on Olive Ave, turn east in to the Olive Square Community. See pictures for map. Geo Lat: 33.568898 Geo Lon: -112.20909

Status Change Info

Off Market Date: 2016-11-17 Under Contract Date: 2016-11-17 Close of Escrow Date: 2016-12-09 Sold Price: $75,000

Property Features

Special Listing Cond: Court Approval Required; Probate/Estate Status Update: Multiple Offers Received Master Bathroom: Full Bth Master Bdrm Additional Bedroom: Master Bedroom Walk-in Closet; Other Bedroom Walk-in Closet Flooring: Concrete Spa: None Community Features: Clubhouse/Rec Room; Community Spa; Gated Dining Area: Eat-in Kitchen Kitchen Features: None Laundry: Stacked Washer/Dryer; Inside Interior Features: Fix-Up Needs Repair; Vaulted Ceiling(s) Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Tile; Concrete Cooling: Central Air Heating: Electric Utilities: SRP Water Source: City Water Sewer: Sewer - Public Fencing: Wrought Iron; Block Landscaping: None Possession: Close of Escrow Unit Style: All on One Level Association Fee Incl: Roof Repair; Roof Replacement; Blanket Ins Policy; Garbage Collection; Common Area Maint Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Disclosures: None

Listing Office: R.O.I. Properties

Last Updated: December - 18 - 2025