Active Under Contract
Price CutPrice Drop: $900 (09/23)
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Townhouse for sale at 7040 W Olive Ave #40, Peoria, AZ 85345 | MLS# 6994015 | Listing updated on 2026-10-07
Photo 1 of Townhouse for sale at 7040 W Olive Ave #40, Peoria, AZ 85345 | MLS# 6994015 | Listing updated on 2026-10-07
Photo 2 of Townhouse for sale at 7040 W Olive Ave #40, Peoria, AZ 85345 | MLS# 6994015 | Listing updated on 2026-10-07
Photo 3 of Townhouse for sale at 7040 W Olive Ave #40, Peoria, AZ 85345 | MLS# 6994015 | Listing updated on 2026-10-07
Photo 4 of Townhouse for sale at 7040 W Olive Ave #40, Peoria, AZ 85345 | MLS# 6994015 | Listing updated on 2026-10-07
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$239,000

Monthly Est:$1,190

  • Beds Icon2 Beds
  • Beds Icon
    1 Bath
  • Beds Icon852sqft

7040 W Olive Ave #40, Peoria, AZ 85345

$1,190/moEst:

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  • Townhouse

  • Built in 1987

  • $283/mo HOA

  • 828 sqft lot

  • $281/sq.ft

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 co
nvenience 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!

  • Houzeo last checked: 12 hours ago
  • Listing updated: October 7, 2026 at 6:23 pm
  • Listing Provided by: Todd Heilesen (623) 271-1975 | West USA Realty (602) 942-4200
  • Source: Arizona Regional Multiple Listing Service-AZ | MLS#: 6994015 Arizona Regional Multiple Listing Service-AZ

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Building
7040 W Olive Ave
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Property Details

  • Status

    Active Under Contract

  • Type

    Townhouse

  • No. of Stories

    1

  • County

    Maricopa County

  • City

    Peoria

  • Neighborhood

    Olive Square Condos

  • Year Built

    1987

  • HOA Fees

    $283/mo

  • Finished Area

    852 sqft

  • Lot Size

    828 sqft lot

  • Basement Area

    - sqft

  • MLS Name

    Arizona Regional Multiple Listing Service

  • MLS Number

    6994015

  • MLS Status

    UCB (Under Contract-Backups)

  • Days on Market

    218

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Location

HOA Management

Olive Square Condos

HOA Fees

$283/ Monthly

Amenities

Amenities and services may be covered by one or multiple associations and service providers.

Pest Control Pest Control

Maintenance Maintenance

Insurance Insurance

Sewer Sewer

Trash Pickup Trash Pickup

Street Maint Street Maint

Maintenance Exterior Maintenance Exterior

Roof Repair Roof Repair

Front Yard Maint Front Yard Maint

Roof Replacement Roof Replacement

Disclaimer: Amenities are based on third-party information and may vary; buyers must independently verify all amenities, as information is deemed reliable but not guaranteed.

Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedrooms: 2

    Bathroom: 1

Interior

  • Heating

    Electric, Heat Pump

  • Flooring

    Vinyl

  • Window Features

    Dual Pane, Screens

  • Cooling

    Ceiling Fan(s), Central Air, Heat Pump

  • Appliances

    Dishwasher, Disposal, Refrigerator, Microwave, Electric Range, Washer, Dryer, Stacked Washer/dryer

  • Interior Features

    Breakfast Bar, Laminate Counters, High Speed Internet, No Interior Steps

  • Sewer

    Public Sewer, Sewer In & Connected

Construction

  • Year Built

    Year Built: 1987

  • Home type

    Townhouse

  • Roof

    Composition, Tile

  • Construction Materials

    Wood Frame, Painted, Stucco

  • Architectural Style

    Ranch

Utilities & Energy

  • Water Source

    Public

  • Parking Features

    Assigned Parking

  • Laundry Features

    Washer Hookup, Inside

Other Features

  • Lot Features

    Borders Common Area, Desert Front, Grass Back

  • Subdivision Name

    Olive Square Condominiums Phase 1

  • Patio And Porch Features

    Patio

  • Community Features

    Community Spa, Community Spa Htd, Near Bus Stop, Biking/walking Path

  • Disclosures

    Seller Discl Avail, Agency Discl Req

Price History

DateEventPrice

09/23/2026

Source: mls_logoArizona Regional Multiple Listing Service-AZ #6994015

Contingent (Active Under Contract)

$239,000 +15319.35%

$281/sqft

09/16/2026

Source: mls_logoArizona Regional Multiple Listing Service-AZ #7081228

Listed for Sale

$1,550 -99.35%

$2/sqft

09/04/2026

Source: mls_logoArizona Regional Multiple Listing Service-AZ #6994015

Listed for Sale

$239,000 -0.38%

$281/sqft

07/10/2026

Source: mls_logoArizona Regional Multiple Listing Service-AZ #6994015

Price Decreased

$239,900 -4.00%

$282/sqft

05/29/2026

Source: mls_logoArizona Regional Multiple Listing Service-AZ #6994015

Price Decreased

$249,900 -3.85%

$293/sqft

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Based on information from the Arizona Regional Multiple Listing Service through Oct 09, 2026, 02:30PM. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Listing Information presented by local MLS brokerage: Sell Your Home Services, local REALTOR®- Dan Demers (774) 265-0879. Information is provided exclusively for personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Advertising Broker: Daniel Demers (267) 341-8337 | Sell Your Home Services