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6750 West Olive Avenue

6750 West Olive Avenue, Peoria, AZ 85345
Property in Olive Plaza
Local assessors in Peoria, AZ have categorized 6750 West Olive Avenue as a commercial type of property. The home was built in 1986 and is 38 years old. The property's lot size has been calculated to be 29,946 square feet. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 6750 West Olive Avenue has a total of 4,000 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. 6750 West Olive Avenue is a 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". The home sources its water from a water system. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with tilt-up (pre-cast concrete) control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt and ply sheets in a built-up roof style. Lots of stucco were used in the construction of the exterior walls of the home. The home's a heat pump is the primary heating source and it is being fueled with gas. The property was last sold in Dec 22, 2021 for $4,250,000. That's $1,062.50 per sqft. Prior to that sales transaction, the property was also sold in Apr 24, 2003 for $2,150,000. 6750 West Olive Avenue was last assessed in 2023. The total value of the property was assessed at $99,450. Specifically, the land the property is located on was valued at $36,227. While improvements on the property were assessed at a total of $63,223. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $8,490. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Tilt-up (pre-cast concrete)
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Built-up
  • Floor Count: 1
  • Living Units: 2
  • Business/Commerical Units Count: 28
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 29,946
  • Total Building Area: 4,000
  • Gross Building Area: 4,000
  • Building Area: 4,000
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Heat pump
  • Heated Square Feet: 4,000
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: Yes

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Commercial
  • Subdivision: OLIVE PLAZA LOT 1-4
  • Land Acres: 0.688
  • Standard Land Use Code: Retail stores (personal services, photography, travel)
  • Legal Description 1: OLIVE PLAZA LOT 1-4 MCR 294-18

Ownership

  • Current Owner : OLIVE GROUP LLC
  • Previous Owner : DESERT PLAZA LLC
  • Owner Before Previous Owner: DUNCAN DR RALPH E
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Peoria Unified School District
  • Census Tract: 071915

Zoning

  • Zoning: C-C

Geography

  • Assessors Map Reference: 29418
  • Parcel: 143-11-676
  • Lot: 2
  • Meridian: SEC 25 TWN 3N RNG 1E
  • Municipality: PEORIA
  • Latitude: 33.5681
  • Longitude: -112.203

    Address

  • Full Address: 6750 W Olive Ave
  • Address - House Number: 6750
  • Street Direction: W
  • Address - Street Name: Olive
  • Address - Suffix Type: Ave
  • State: AZ
  • City Name: Peoria
  • Carrier Code: C001
  • 4-Digit Zip Code: 8888
  • Zip Code: 85345

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,490
  • Tax Rate Code Area: 111200

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,550,000
  • First Open Lien Mortgage Lender: MIDFIRST BANK
  • First Open Lien Mortgage Recording Date: Feb 23, 2022
  • First Open Lien Mortgage Loan Amount: $2,550,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 15, 2027

    Market Valuation

  • Market Total Value: $585,000
  • Market Land Value: $213,100
  • Market Improvement Value: $371,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $99,450
  • Assessed Land Value: $36,227
  • Assessed Improvements Value: $63,223

    Sales

  • Current Sale Contract Date: Dec 22, 2021
  • Current Sale Recording Date: Dec 22, 2021
  • Current Sale Transaction ID: 11875410409
  • Current Sale Price: $4,250,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 20211357998
  • Previous Sale Recording Date: Apr 24, 2003
  • Previous Sale Contract Date: Apr 24, 2003
  • Previous Sale Amount: $2,150,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MIDFIRST BANK
  • First Mortgage Transaction Date: Dec 22, 2021
  • First Mortgage Loan Amount: $1,250,000
  • First Mortgage Terms: 2
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: Mar 21, 2022

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: PACIFIC CREST BANK
  • Previous Mortgage Transaction Date: Apr 24, 2003
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $1,505,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Olive Plaza



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Frequently Asked Questions

What neighborhood is 6750 West Olive Avenue located in?
The 6750 West Olive Avenue is a located in the neighborhood of Olive Plaza in Olive Plaza, Peoria.
What is the average sales price for listings in 6750 West Olive Avenue?
The average sales price for units in 6750 West Olive Avenue is $0 currently.

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