NOT LISTED FOR SALE

7040 W Olive Ave Unit 71 Peoria, AZ 85345

Estimated Value: $251,000 - $285,000

2 Beds
2 Baths
1,006 Sq Ft
$265/Sq Ft Est. Value

Last Sold March 03, 2023

Last sale price $253,000 $251 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,771/month

6 Days on Market

Highlights

  • Santa Barbara Architecture
  • Community Pool
  • Patio
  • Centennial High School Rated A
  • Solar Screens
  • 5-minute walk to Sunnyslope Park

About This Home

As of March 2023

This cute 2bed/2bath patio home, tucked into a centrally-located quiet Peoria community is a must see! It's like a walk in the park as you approach your private front porch. Once inside, you'll discover a light and bright interior featuring tile flooring, cozy fireplace, newly painted neutral paint and an open fluid floor plan. Cook delicious meals in a kitchen with included appliances, plenty of counter space and more. Enjoy your morning coffee on a cozy patio surrounded by green space.

You'll love all this community has to offer, such as a sparkling blue pool, BBQ sites and more. You couldn't ask for a better location. Close to parks, Glendale Community College, the West Gate District, shopping, restaurants and freeway access. Don't miss this rare opportunity to find a great home!

Last Agent to Sell the Property

Troy Elston

West USA Realty License #SA538827000 Listed on: 01/12/2023

West USA Realty

Last Buyer's Agent

Carin Nguyen

Real Broker License #BR546062000

Real Broker

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $534

Year Built

  • Built in 1988

Lot Details

  • 1,036 Sq Ft Lot
  • Private Streets
  • Front and Back Yard Sprinklers

HOA Fees

  • $258 Monthly HOA Fees

Home Design

  • Santa Barbara Architecture
  • Patio Home
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,006 Sq Ft Home
  • 1-Story Property
  • Solar Screens
  • Family Room with Fireplace

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Parking

  • 1 Carport Space
  • Assigned Parking

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Patio
  • Outdoor Storage

Schools

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

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 71
  • Assessor Parcel Number 143-11-758

Community Details

Overview

  • Association fees include roof repair, insurance, ground maintenance, street maintenance, front yard maint, trash, roof replacement, maintenance exterior
  • Amcor Prop Mgmt 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

Home Details

Home Type

Single Family

Est. Annual Taxes

$534

Year Built

Built in 1988

Lot Details

0

HOA Fees

$258 per month

Listing Details

  • Cross Street: 67th Ave and Olive Ave
  • Legal Info Range: 1E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 258.0
  • Basement: N
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2008
  • Updated Heating or Cooling Units: Full
  • Items Updated Ht Cool Yr Updated: 2007
  • Parking Spaces Total Covered Spaces: 1.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1988
  • Tax Year: 2022
  • Directions: Drive West on Olive to 70th Ave. Go North into Olive Square and swerve left towards back of community. Please park in an available uncovered space near Letter G marked on Parking Cover:)
  • Property Sub Type: Patio Home
  • Horses: No
  • Lot Size Acres: 0.02
  • Subdivision Name: OLIVE SQUARE CONDO PH 1B UNIT 64-102
  • Architectural Style: Santa Barbara/Tuscan
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 258.0
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Windows:Solar Screens: Yes
  • Community Features:Community Spa2: Yes
  • Water Source City Water: Yes
  • Fireplace Features Fireplace Family Rm: Yes
  • Technology:High Speed Internet: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: 1 Fireplace, Family Room
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, No Interior Steps, Pantry, Full Bth Master Bdrm
  • Living Area: 1006.0
  • Stories: 1
  • Window Features: Solar Screens
  • Community Features:Community Pool: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Community Features:Community Spa Htd: Yes
  • Kitchen Features Pantry: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: None
  • Exterior Features: Private Street(s), Storage
  • Lot Features: Sprinklers In Rear, Sprinklers In Front
  • Pool Features: None
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Patio
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Storage: Yes
  • Exterior Features:Private Street(s): 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
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Community Spa, Community Spa Htd, Community Pool
  • Association Fee: 258.0
  • Association Fee Frequency: Monthly
  • Association Name: Olive Square HOA
  • Phone: 480-948-5860
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Transfer Fee2: 186.5
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Olive Square HOA
  • Association Fees:HOA Telephone4: 480-948-5860
  • 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: 186.5
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:HOA Management Company: Amcor Prop Mgmt
  • Association Fees:HOA Management Phone: 480-948-5860
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • 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:Blanket Ins Policy: Yes
  • Association Fee Incl:Garbage Collection2: Yes

Fee Information

  • Association Fee Includes: Roof Repair, Insurance, 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: 1036.0
  • Parcel #: 143-11-758

Building Info

  • Builder Name: Design Master Homes

Tax Info

  • Tax Annual Amount: 534.0
  • Tax Book Number: 143.00
  • Tax Lot: 71
  • Tax Map Number: 11.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2023
Closed on
Mar 3, 2023
Sold by
Savidge Craig Edward and Savidge Rosalie L
Bought by
Guzman Carlos Fernando
Seller's Agent
Troy Elston
West USA Realty
Buyer's Agent
Carin Nguyen
Real Broker
List Price
$249,000
Sold Price
$253,000
Premium/Discount to List
$4,000
1.61%
Views
41
Current Estimated Value
$269,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,522
Avg. Annual Appreciation
1.91%
Original Mortgage
$202,400
Outstanding Balance
$197,192
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$67,739

Purchase Details

Listed on
Jun 8, 2012
Closed on
Oct 9, 2012
Sold by
Morrison Kimberly N
Bought by
Savidge Craig Edward and Scott Rosalie L
Seller's Agent
Mark Meekins
HomeSmart
Buyer's Agent
Curtis Johnson
eXp Realty
List Price
$59,000
Sold Price
$59,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.12%

Purchase Details

Closed on
Oct 25, 2007
Sold by
Fournier Jon and Fournier Jeannine
Bought by
Morrison Kimberly N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
6.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2005
Sold by
Lafnear William Ray
Bought by
Fournier Jon and Fournier Jeannine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,850
Interest Rate
5.65%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 12, 2003
Sold by
Kraus Donald L and Kraus Marsha L
Bought by
Lafnear William Ray

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,630
Interest Rate
5.83%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 14, 1995
Sold by
Thompson Marcus A
Bought by
Foster Delia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,650
Interest Rate
7.59%
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
Guzman Carlos Fernando $253,000 Lawyers Title Of Arizona
Savidge Craig Edward $59,000 Empire West Title Agency
Morrison Kimberly N $155,000 Stewart Title & Trust Of Pho
Fournier Jon $139,000 Arizona Title Agency Inc
Lafnear William Ray $79,000 Stewart Title & Trust
Foster Delia $60,000 Old Republic Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guzman Carlos Fernando $64,732
Open Guzman Carlos F $98,773
Open Guzman Carlos Fernando $202,400
Previous Owner Morrison Kimberly N $155,000
Previous Owner Fournier Jon $20,850
Previous Owner Fournier Jon $111,200
Previous Owner Lafnear William Ray $76,630
Previous Owner Foster Delia $58,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2023 03/03/23 Sold $253,000 +1.6% $251 / Sq Ft
01/09/2023 01/09/23 For Sale $249,000 +322.0% $248 / Sq Ft
11/02/2012 11/02/12 Sold $59,000 0.0% $59 / Sq Ft
09/10/2012 09/10/12 Pending -- -- --
06/08/2012 06/08/12 For Sale $59,000 -- $59 / 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 $450 $5,943 -- --
2024 $456 $5,660 -- --
2023 $456 $17,770 $3,550 $14,220
2022 $534 $13,470 $2,690 $10,780
2021 $559 $12,970 $2,590 $10,380
2020 $563 $11,050 $2,210 $8,840
2019 $546 $8,020 $1,600 $6,420
2018 $530 $6,980 $1,390 $5,590
2017 $528 $6,350 $1,270 $5,080
2016 $522 $6,360 $1,270 $5,090
2015 $486 $6,610 $1,320 $5,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6505710

Arizona Regional Multiple Listing Service (ARMLS)

APN: 143-11-758