$137,000
SOLD OCT 21, 2019

7040 W Olive Ave Unit 4 Peoria, AZ 85345

2 Beds
1 Bath
852 Sq Ft
$199/mo HOA Fee

Recently Sold

$161 Per Sq Ft

2% Below List Price

14 Days on Market

Highlights

  • Heated Spa
  • Spanish Architecture
  • Tile Flooring
  • Centennial High School Rated A
  • Patio
  • 5-minute walk to Sunnyslope Park

About This Home

As of September 2024

Newer 16'' tile throughout this beauty!! Beautiful 2 bedroom, 1 bath patio home for sale in the lovely Olive Square Community. Open, airy flooorplan. All appliances are included with newer stacked washer & dryer. New paint and light fixtures. Small enclosed patio area with a storage closet. Quiet location, not too close to the parking area. Enjoy the sparkling community pool! Close to Glendale Community College and Westgate.

Last Agent to Sell the Property

Patty Camp Schmid

Berkshire Hathaway HomeServices Arizona Properties License #SA552625000 Listed on: 09/18/2019

Berkshire Hathaway HomeServices Arizona Properties

Co-Listed By

Danielle Sutton

Platinum Living Realty License #SA658325000

Last Buyer's Agent

Claudia Verduzco

Realty ONE Group License #SA671682000

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $492

Year Built

  • Built in 1986

Lot Details

  • No Common Walls
  • Wrought Iron Fence
  • Front and Back Yard Sprinklers

HOA Fees

  • $199 Monthly HOA Fees

Home Design

  • Spanish Architecture
  • Patio Home
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 852 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 1 Carport Space
  • Assigned Parking

Outdoor Features

  • Heated Spa
  • Patio

Schools

  • Ira A Murphy Elementary And Middle School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

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

Community Details

Overview

  • Association fees include ground maintenance
  • Olive Square Association, Phone Number (480) 948-5860
  • Built by Design Masters
  • Olive Square Condominiums Phase 1 Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$492

Year Built

Built in 1986

Lot Details

0

HOA Fees

$199 per month

Listing Details

  • Cross Street: 67th Ave/Olive Avenue
  • Legal Info Range: 1E
  • Property Type: Residential
  • Ownership: Condominium
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 199.0
  • Basement: N
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1986
  • Tax Year: 2019
  • Directions: E of 71st Ave. on North side of Olive. Make immediate right upon entering the complex go down and around to the left, 1st speed bump is the walkway to unit #4, its the 4th home on the left.
  • Property Sub Type: Patio Home
  • Horses: No
  • Lot Size Acres: 0.02
  • Co List Office Mls Id: praz10
  • Co List Office Phone: 602-288-4400
  • Subdivision Name: OLIVE SQUARE CONDOMINIUMS PHASE 1
  • Architectural Style: Spanish
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 199.0
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile
  • Basement YN: No
  • Spa Features: Heated
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Living Area: 852.0
  • Stories: 1
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Wrought Iron
  • Lot Features: Sprinklers In Rear, Sprinklers In Front
  • Pool Features: None
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Common Walls: No Common Walls
  • Construction Type: Stucco, Wood Frame
  • Patio And Porch Features: Patio
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Total Covered Spaces: 1.0
  • Parking Features: Assigned
  • Attached Garage: No
  • Carport Spaces: 1.0
  • Parking Features:Assigned Parking: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Community Pool
  • Association Fee: 199.0
  • Association Fee Frequency: Monthly
  • Association Name: Olive Square
  • Phone: 480-948-5860
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 150.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Olive Square
  • Association Fees:HOA Telephone4: 480-948-5860
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Ira A Murphy
  • 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 Masters

Tax Info

  • Tax Annual Amount: 492.0
  • 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
-0.75%
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
9.13%
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

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5980062

Arizona Regional Multiple Listing Service (ARMLS)

APN: 143-11-682