NOT LISTED FOR SALE

7040 W Olive Ave Unit 66 Peoria, AZ 85345

Estimated Value: $262,000 - $285,000

2 Beds
2 Baths
1,006 Sq Ft
$239/mo HOA Fee

Last Sold May 13, 2022

Last sale price $285,000 $283 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $1,740/month

4 Days on Market

Highlights

  • Vaulted Ceiling
  • Community Pool
  • Patio
  • Centennial High School Rated A
  • Breakfast Bar
  • 5-minute walk to Sunnyslope Park

About This Home

As of May 2022

This charming patio home in Olive Square with no shared walls won't last! It offers a split floor plan with 2 bed/2 bath and walk-in closets! The living room has soaring vaulted ceilings. The kitchen has been updated with painted cabinets & new plumbing fixtures. Enjoy the low maintenance private patio as well as the sparkling community pool, and heated spa. Close to GCC and all the shopping & restaurants Westgate has to offer! Act now!

Last Agent to Sell the Property

Charissa Josephson

Realty ONE Group License #SA676790000 Listed on: 04/07/2022

Realty ONE Group

Co-Listed By

Jayme Christiansen

Realty ONE Group License #SA687100000

Last Buyer's Agent

Laura Roman

My Home Group Real Estate License #SA663623000

My Home Group Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $471

Year Built

  • Built in 1987

Lot Details

  • Desert faces the front of the property
  • No Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • Sprinklers on Timer

HOA Fees

  • $239 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 1,006 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan

Kitchen

  • Kitchen Updated in 2021
  • Breakfast Bar

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

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

Parking

  • 1 Carport Space
  • Assigned Parking

Schools

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

Utilities

  • Central Air
  • Heating Available
  • Plumbing System Updated in 2021
  • High Speed Internet
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Patio

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 66
  • Assessor Parcel Number 143-11-753

Community Details

Overview

  • Association fees include roof repair, sewer, pest control, ground maintenance, street maintenance, front yard maint, trash, roof replacement, maintenance exterior
  • Amcor Association, Phone Number (480) 948-5860
  • Built by Design Master Homes
  • Olive Square Condo Ph 1B Unit 64 102 Subdivision

Recreation

  • Community Pool
  • Community Spa
  • Bike Trail

Property Details

Home Type

Condominium

Est. Annual Taxes

$471

Year Built

Built in 1987

Lot Details

0

HOA Fees

$239 per month

Listing Details

  • Cross Street: N 71st Ave & W Olive Ave
  • 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: 239.0
  • Basement: N
  • Updated Kitchen: Partial
  • Items Updated Kitchen Yr Updated: 2021
  • Updated Plumbing: Partial
  • Items Updated Plmbg Yr Updated: 2021
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1987
  • Tax Year: 2021
  • Directions: Map of community at entry. Stay straight when you pull in. Drive until 3rd dumpster on left. Walk down walkway; #66 is 2nd home on the right.
  • Property Sub Type: Patio Home
  • Horses: No
  • Lot Size Acres: 0.02
  • Co List Office Mls Id: reog08
  • Co List Office Phone: 602-953-4000
  • Subdivision Name: OLIVE SQUARE CONDO PH 1B UNIT 64-102
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 239.0
  • Dining Area:Breakfast Bar: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Water Source City Water: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Laminate, Tile
  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: High Speed Internet, Breakfast Bar, No Interior Steps, Vaulted Ceiling(s), Pantry, Full Bth Master Bdrm
  • Living Area: 1006.0
  • Stories: 1
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Community Spa Htd: Yes
  • Kitchen Features Pantry: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block, Wrought Iron
  • Lot Features: Desert Front, Gravel/Stone Front, Auto Timer H2O Front
  • Pool Features: None
  • Disclosures: Seller Discl Avail
  • Home Warranty: Yes
  • Common Walls: No Common Walls
  • Construction Type: Stucco, Wood Frame, Painted
  • 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), Programmable Thmstat
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Community Spa Htd, Community Pool, Biking/Walking Path
  • Association Fee: 239.0
  • 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: 187.5
  • 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:HOA Management Company: AMCOR
  • Association Fee Incl:Front Yard Maint: Yes
  • Association Fee Incl:Street Maint: Yes
  • Association Fee Incl:Exterior Mnt of Unit: Yes
  • Association Fee Incl:Roof Repair: Yes
  • Association Fee Incl:Roof Replacement: Yes
  • Association Fee Incl:Sewer6: Yes
  • Association Fee Incl:Garbage Collection2: Yes
  • Association Fee Incl:Pest Control: Yes

Fee Information

  • Association Fee Includes: Roof Repair, Sewer, Pest Control, Maintenance Grounds, Street Maint, Front Yard Maint, Trash, Roof Replacement, Maintenance Exterior

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: 1020.0
  • Parcel #: 143-11-753

Building Info

  • Builder Name: Design Master Homes

Tax Info

  • Tax Annual Amount: 471.0
  • Tax Book Number: 143.00
  • Tax Lot: 66
  • Tax Map Number: 11.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2024
Sold by
Possehl Michael and Possehl Sylvia
Bought by
Michael And Sylvia Possehl Trust and Possehl
Current Estimated Value
$269,608

Purchase Details

Listed on
Mar 10, 2015
Closed on
Mar 16, 2015
Sold by
Freed Kyle
Bought by
Freed Jodi
Seller's Agent
Laurie Lavine
Arizona Premier Realty Homes & Land, LLC
Buyer's Agent
Jason Ingram
Platinum Realty Group
List Price
$77,900
Sold Price
$78,000
Premium/Discount to List
$100
0.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.70%
Original Mortgage
$74,100
Interest Rate
3.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2010
Sold by
Cook Ann D
Bought by
Edwards William and Edwards Ruby

Purchase Details

Closed on
Aug 22, 2005
Sold by
Armstrong Kimberly R
Bought by
Cook Ann B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,900
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 14, 2000
Sold by
Collins Tracy Jewel
Bought by
Armstrong Kimberly R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,150
Interest Rate
8.2%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Michael And Sylvia Possehl Trust -- None Listed On Document
Freed Jodi -- First American Title Ins Co
Freed Jodi $78,000 First American Title Ins Co
Edwards William $42,000 Stewart Title & Trust Of Pho
Cook Ann B $159,900 First American Title Ins Co
Armstrong Kimberly R $74,900 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Freed Jodi $74,100
Previous Owner Cook Ann B $127,900
Previous Owner Armstrong Kimberly R $72,150
Closed Cook Ann B $31,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2022 05/13/22 Sold $285,000 +5.9% $283 / Sq Ft
04/11/2022 04/11/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $269,000 +244.9% $267 / Sq Ft
05/01/2015 05/01/15 Sold $78,000 +0.1% $78 / Sq Ft
03/10/2015 03/10/15 For Sale $77,900 -- $77 / Sq Ft
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 $533 $5,867 -- --
2024 $538 $5,587 -- --
2023 $538 $17,830 $3,560 $14,270
2022 $527 $13,470 $2,690 $10,780
2021 $471 $12,960 $2,590 $10,370
2020 $476 $11,050 $2,210 $8,840
2019 $461 $8,050 $1,610 $6,440
2018 $445 $7,000 $1,400 $5,600
2017 $446 $6,320 $1,260 $5,060
2016 $441 $6,330 $1,260 $5,070
2015 $412 $6,570 $1,310 $5,260
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6380198

Arizona Regional Multiple Listing Service (ARMLS)

APN: 143-11-753