● For sale

$249,900

7040 W OLIVE Avenue 40, Peoria, AZ 85345

OLIVE SQUARE CONDOMINIUMS PHASE 1 · Maricopa County

2 beds 1 baths 852 sqft 0.02 acres Built 1987 $293 /sqft HOA $283/mo
87 days on market

Description

PRICE REDUCED! Rare standalone townhome across from community pool & spa! Don't miss this rare opportunity to own a charming 2 bedroom, 1 bath standalone townhome ideally located directly across from the community pool and spa. This inviting home features an open-concept kitchen and living area, perfect for everyday living or entertaining. Recent updates include luxury vinyl plank flooring installed in 2024 and a new water heater in 2025, offering modern style and peace of mind. The primary bedroom includes a private patio exit and overlooks the peaceful greenbelt, while the front bedroom enjoys views of the pool area. The bathroom features dual entry access, adding convenience and functionality. All appliances are included: -Refrigerator -Stainless steel flat-top range -Built-in microwave -Dishwasher -Newer stackable washer & dryer (2022) Step outside to relax on the enclosed back patio adjacent to the greenbelt, perfect for quiet mornings or entertaining guests. Residents also enjoy easy access to the community pool and spa just steps away. Located in a highly convenient area near shopping, dining, and Glendale Community College, this home combines comfort, updates, and an excellent location. A truly special property -- must see!

Property details

Interior

Bedrooms

  • Bedrooms: 2

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Interior Features

  • Breakfast Bar
  • Laminate Counters
  • High Speed Internet
  • No Interior Steps
  • Flooring: Vinyl
  • Window Features: Dual Pane, Screens

Appliances

  • Dishwasher
  • Disposal
  • Refrigerator
  • Microwave
  • Electric Range
  • Washer
  • Dryer
  • Stacked Washer/Dryer
  • Laundry Features: Washer Hookup, Inside

Heating and Cooling

  • Cooling Features: Ceiling Fan(s), Central Air, Heat Pump
  • Heating Features: Electric, Heat Pump

Other Interior

  • Stories: 1
Exterior

Exterior and Lot Features

  • Patio and Porch Features: Patio
  • Fencing: Wrought Iron, Block

Land Info

  • Borders Common Area
  • Desert Front
  • Grass Back
  • Lot Size Acres: 0.02
  • Lot Size Square Feet: 828

Garage and Parking

  • Carport Spaces: 1
  • Attached Garage: No
  • Parking Features: Assigned Parking
Community

Homeowners Association

  • Association: Yes
  • Association Fee: $283
  • Association Fee Frequency: Monthly
  • Calculated Total Monthly Association Fees: $283
  • Association Fee Includes: Maintenance Exterior, Insurance, Sewer, Trash, Pest Control, Front Yard Maint, Maintenance Grounds, Street Maint

Neighborhood

  • Subdivision: OLIVE SQUARE CONDOMINIUMS PHASE 1
Listing

Other Property Info

  • Annual Tax Amount: $417
  • Source Listing Status: Active
  • County: Maricopa
  • Directions: East on Olive Ave. Left on Olive Square. Drive to the left of the complex and park north of the cluster mailbox. Walk down sidewalk toward the community pool. Property located on the left side of the pool (directly across from the pool).
  • Property Subtype: Townhouse
  • Parcel Number: 143-11-718
  • Postal City: Peoria
  • Listing Date: 3/5/2026
  • On Market Date: 4/3/2026
  • MLS#: 6994015
Features

Building and Construction

  • Total Square Feet Living: 852
  • Year Built: 1987
  • Property Age: 39
  • Architectural Style: Ranch
  • Construction Materials: Wood Frame, Painted, Stucco
  • Roof: Composition, Tile
  • Stories: 1
  • Living Area Source: Assessor

Utilities

  • Sewer: Sewer-In & Connected
  • Water Source: Public

Contact Us

Contact Us

Ask a question or schedule a showing

By submitting you agree to be contacted about this property.

Listed by Todd Heilesen West USA Realty

Listing updated: May 29, 2026

MLS#: 6994015

Data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Similar homes in Peoria

(928) 517-5151