$251,000
SOLD SEP 30, 2024

7040 W Olive Ave Unit 4 Peoria, AZ 85345

2 Beds
1 Bath
852 Sq Ft
$258/mo HOA Fee

Recently Sold

$295 Per Sq Ft

5% Below List Price

71 Days on Market

Highlights

  • Security System Owned
  • Tile Flooring
  • Grass Covered Lot
  • Centennial High School Rated A
  • Central Air
  • 5-minute walk to Sunnyslope Park

About This Home

As of September 2024

Seller may consider buyer concessions if made in an offer. Welcome to a property that's been meticulously designed to exude comfort. You will be instantly taken by the unmistakably tasteful, neutral color paint scheme that flows seamlessly throughout, creating a soothing atmosphere. It complements any decor and affords you the liberty to mix and match your furniture pieces as your aesthetics desire. This remarkable room boasts a substantial walk-in closet, offering an abundance of storage space and an organized living condition. Stowing your personal belongings has never been easier or more stylish. This property is unrivaled in its beauty and function. It's not just a home, it's a lifestyle. Be the lucky one to acquire this dazzling property; a haven of peace and luxury, waiting to provid

Last Agent to Sell the Property

Eric Tamayo

Opendoor Brokerage, LLC Brokerage Email: homes@opendoor.com License #SA692411000 Listed on: 06/21/2024

Co-Listed By

Jacqueline Moore

Opendoor Brokerage, LLC Brokerage Email: homes@opendoor.com License #SA693726000

Last Buyer's Agent

Karen Merkle

Real Broker License #SA668718000

Real Broker

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $411

Year Built

  • Built in 1986

Lot Details

  • Grass Covered Lot

HOA Fees

  • $258 Monthly HOA Fees

Parking

  • 2 Carport Spaces

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 852 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Security System Owned
  • Built-In Microwave
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 1 Bathroom

Schools

  • Ira A Murphy Elementary And Middle School
  • Centennial High School

Utilities

  • Central Air
  • Heating Available

Community Details

  • Association fees include ground maintenance
  • Olive Square Condomi Association, Phone Number (480) 948-5860
  • Built by DESIGN MASTER HOMES
  • Olive Square Condominiums Phase 1 Subdivision

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 143-11-682

Property Details

Home Type

Condominium

Est. Annual Taxes

$411

Year Built

Built in 1986

Lot Details

0

HOA Fees

$258 per month

Listing Details

  • Cross Street: W olive Square
  • Legal Info Range: 1E
  • Property Type: Residential
  • Ownership: Condominium
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 258.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1986
  • Tax Year: 2023
  • Directions: Head southeast on US-60 E/W Grand Ave toward N 75th Ave. Turn left onto N 71st Ave. Turn right onto W Olive Ave. Turn left onto W Olive Square
  • Attribution Contact: homes@opendoor.com
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.02
  • Co List Office Mls Id: opbr001
  • Co List Office Phone: 480-462-5392
  • Subdivision Name: OLIVE SQUARE CONDOMINIUMS PHASE 1
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 258.0
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Full Bth Master Bdrm
  • Living Area: 852.0
  • Stories: 1
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes

Exterior Features

  • Fencing: None
  • Lot Features: Grass Front, Grass Back
  • Pool Features: None
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Roof: Tile
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Carport Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Wshr/Dry HookUp Only
  • Security: Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Association Fee: 258.0
  • Association Fee Frequency: Monthly
  • Association Name: Olive Square Condomi
  • Phone: +48 094-858-6012
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Transfer Fee2: 187.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Olive Square Condomi
  • Association Fees:HOA Telephone4: 480-948-5860 Ext: 12
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 258.0
  • Association Fees:Disclosure Fees HOA: 187.0
  • Association Fees:Other Fees HOA: 27.0
  • Association Fees:Other Fees Description: Other
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Phone: 480-948-5860 Ext: 12

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Ira A Murphy
  • High School: Centennial High School
  • Junior High Dist: Peoria Unified School District
  • Middle Or Junior School: Ira A Murphy

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 838.0
  • Parcel #: 143-11-682

Building Info

  • Builder Name: DESIGN MASTER HOMES

Tax Info

  • Tax Annual Amount: 411.0
  • Tax Book Number: 143.00
  • Tax Lot: 4
  • Tax Map Number: 11.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2024
Closed on
Sep 24, 2024
Sold by
Opendoor Property J Llc
Bought by
Rios Jaime
Seller's Agent
Eric Tamayo
Opendoor Brokerage, LLC
Buyer's Agent
Karen Merkle
Real Broker
List Price
$263,000
Sold Price
$251,000
Premium/Discount to List
-$12,000
-4.56%
Views
54
Current Estimated Value
$249,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,791
Avg. Annual Appreciation
-0.76%
Original Mortgage
$9,738
Outstanding Balance
$6,665
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$242,544

Purchase Details

Closed on
Jun 6, 2024
Sold by
Walsh Benjamin N
Bought by
Opendoor Property J Llc

Purchase Details

Listed on
Aug 6, 2020
Closed on
Sep 4, 2020
Sold by
Cordova Maribel
Bought by
Walsh Benjamin N and Walsh Benjamin
Seller's Agent
Everardo Chavez
West USA Realty
Buyer's Agent
Chris DeFreitas
West USA Realty
List Price
$155,000
Sold Price
$161,000
Premium/Discount to List
$6,000
3.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.17%
Original Mortgage
$132,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 18, 2019
Closed on
Oct 10, 2019
Sold by
Olive Avenue Property Llc
Bought by
Cordova Maribel
Seller's Agent
Patty Camp Schmid
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Claudia Verduzco
Realty ONE Group
List Price
$139,700
Sold Price
$137,000
Premium/Discount to List
-$2,700
-1.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.65%
Original Mortgage
$132,890
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 13, 2016
Closed on
Oct 28, 2016
Sold by
Robb Michael J
Bought by
Olive Avenue Property Llc
Seller's Agent
Jerry Maliva
Renting Arizona RES
Buyer's Agent
Dave Stringham
Paramount Management & Realty, LLC
Sold Price
$850

Purchase Details

Closed on
Jul 27, 2005
Sold by
Robb Sylvia
Bought by
Robb Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,300
Interest Rate
5.46%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 26, 2005
Sold by
Wong Bryce K and Wong Cassandra L
Bought by
Robb Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,300
Interest Rate
5.46%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 3, 2004
Sold by
Eastman Nathan R and Eastman Jessica R
Bought by
Wong Bryce K and Wong Casandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,271
Interest Rate
5.56%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 25, 1999
Sold by
Soumokil Frits Leonard and Soumokil Fabiola Maria
Bought by
Eastman Nathan R and Selph Jessica R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,378
Interest Rate
7.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 1995
Sold by
Hud
Bought by
Soumokil Frits L and Soumokil Fabiola M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,850
Interest Rate
7.61%
Mortgage Type
FHA

Purchase Details

Closed on
May 16, 1995
Sold by
Webster Christine L
Bought by
Hud
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $251,000 Os National
Warranty Deed $243,000 Os National
Warranty Deed $161,000 Driggs Title Agency Inc
Warranty Deed $137,000 Lawyers Title Of Arizona Inc
Special Warranty Deed -- None Available
Interfamily Deed Transfer -- American Title Svc Agency Ll
Warranty Deed $111,400 American Title Svc Agency Ll
Warranty Deed $86,300 Westland Title Agency Of Az
Warranty Deed $67,400 Fidelity Title
Warranty Deed -- --
Trustee Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $9,738 New Conventional
Open $243,470 New Conventional
Previous Owner $132,000 New Conventional
Previous Owner $132,890 New Conventional
Previous Owner $111,500 New Conventional
Previous Owner $117,600 Unknown
Previous Owner $22,300 Stand Alone Second
Previous Owner $89,100 Purchase Money Mortgage
Previous Owner $89,100 Purchase Money Mortgage
Previous Owner $84,271 FHA
Previous Owner $65,378 New Conventional
Previous Owner $51,850 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2024 09/30/24 Sold $251,000 0.0% $295 / Sq Ft
09/01/2024 09/01/24 Pending -- -- --
08/01/2024 08/01/24 Price Changed $251,000 -2.3% $295 / Sq Ft
07/18/2024 07/18/24 Price Changed $257,000 -2.3% $302 / Sq Ft
06/21/2024 06/21/24 For Sale $263,000 +63.4% $309 / Sq Ft
09/14/2020 09/14/20 Sold $161,000 +3.9% $189 / Sq Ft
08/06/2020 08/06/20 For Sale $155,000 +13.1% $182 / Sq Ft
10/21/2019 10/21/19 Sold $137,000 -1.9% $161 / Sq Ft
10/02/2019 10/02/19 Pending -- -- --
09/18/2019 09/18/19 For Sale $139,700 0.0% $164 / Sq Ft
06/26/2017 06/26/17 Rented $895 0.0% --
06/24/2017 06/24/17 Under Contract -- -- --
05/24/2017 05/24/17 For Rent $895 +5.3% --
10/04/2016 10/04/16 Rented $850 0.0% --
09/13/2016 09/13/16 For Rent $850 +13.3% --
05/17/2014 05/17/14 Rented $750 -6.1% --
05/16/2014 05/16/14 Under Contract -- -- --
02/25/2014 02/25/14 For Rent $799 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $487 $5,362 -- --
2024 $411 $5,107 -- --
2023 $411 $15,630 $3,120 $12,510
2022 $403 $11,960 $2,390 $9,570
2021 $431 $11,210 $2,240 $8,970
2020 $435 $10,180 $2,030 $8,150
2019 $492 $7,920 $1,580 $6,340
2018 $478 $6,500 $1,300 $5,200
2017 $476 $5,620 $1,120 $4,500
2016 $471 $5,560 $1,110 $4,450
2015 $438 $5,460 $1,090 $4,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6722240

Arizona Regional Multiple Listing Service (ARMLS)

APN: 143-11-682