5550 N 16TH Street 162, Phoenix, AZ 85016

$380,000
Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 1,236 Lot Size (sq. ft.): 588 Status: Pending
Current Price: $380,000 Last Modified: 3/23/2026

Overview

Description

Enjoy affordable living in the heart of Central Phoenix with unbeatable convenience. Just minutes from the 51 freeway and surrounded by popular dining and shopping -- including Luci's -- this location also offers close proximity to Madison Elementary and is only eight blocks (via Missouri) to the Biltmore resort and premier shopping. Lovingly maintained by the owner, this home showcases soothing designer tones, rich cabinetry, generous tile flooring, quartz countertops, and stainless steel appliances -- including a gas range. The open layout feels both comfortable and functional. Upstairs features a spacious primary suite and a secondary bedroom, each with private bathroom access -- ideal for guests or roommates.

Supplements: The community amenities are equally impressive, with an upscale pool, spa, and BBQ area set among lush desert landscaping and palm trees, creating a true resort-style atmosphere. Modern style, prime location, and exceptional value -- all in one.

Listing Details MLS# 6987091

Location, Tax & Legal

House Number
5550
Compass
N
Street Name
16TH
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85016
Zip4
2945
County Code
Maricopa
Assessor Number
162-02-289
Subdivision
MADISON PLACE AT GREER MANOR CONDOMINIUM AMD
Tax Year
2025
Unit #
162
Assessor's Map #
2
Legal Description (Abbrev)
LOT 162 MADISON PLACE AT GREER MANOR CONDOMINIUM AMD MCR 113807
Assessor's Parcel #
289
Tax Municipality
Phoenix
Taxes
2593

Contract Information

Type
Exclusive Right To Sell
Ownership
Fee Simple
Co-Ownership (Fractional) Agreement YN
No

General Property Description

Dwelling Type
Townhouse
Dwelling Styles
Attached
Exterior Stories
2
# of Interior Levels
2
# Bedrooms
2
Full Bathrooms
2
Half Bathrooms
Yes
Total Bathrooms
3
Approx SQFT
1236
Price/SqFt
307.44
Horses
N
Builder Name
MERITAGE HOMES
Year Built
2013
Approx Lot SqFt
588
Approx Lot Acres
0.013
Community Pool Y/N
No
Private Pool Y/N
No
Fireplace YN
No
Elementary School District
Madison Elementary District
High School District
Phoenix Union High School District
Elementary School
Madison Rose Lane School
Jr. High School
Madison #1 Elementary School
High School
North High School

Remarks Misc

Cross Street
16th Street and Missouri

Status Change Info

Off Market Date
2026-03-23
Under Contract Date
2026-03-22

Legal Info

Township
2N
Range
3E
Section
16
Lot Number
162

More Information

Basement

Basement Y/N
N

Parking Spaces

Garage Spaces
2
Total Covered Spaces
2
Slab Parking Spaces
0

Showing Notification Methods

Showing Service
Aligned Showings
No Notification Required to Show
Yes

Special Listing Cond

N/A
Yes

Construction

Other
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Tile
Yes

Pmt & Rate Info

Down Payment
0
Total Asum Mnth Pmts
0

Association & Fees

HOA Y/N
Y
HOA Disclosure/Addendum Affirmation
Yes
HOA Transfer Fee
0
HOA Fee
400
HOA Paid Frequency
Monthly
HOA Name
Madison Place at Gre
HOA Telephone
(602) 674-4355
HOA Management Company
AAM, LLC
HOA Management Phone
(602) 674-4355
Special Assessment HOA
No
HOA 2 Y/N
N
PAD Fee Y/N
N
Cap Improvement/Impact Fee
1200
Cap Improvement/Impact Fee $/%
$
Cap Improvement/Impact Fee 2
0
Cap Improvement/Impact Fee 2 $/%
$
Prepaid Association Fees HOA
800
Disclosure Fees HOA
400
Other Fees HOA
1200
Other Fees Description
Reserve Fee
Land Lease Fee Y/N
N
Rec Center Fee Y/N
N
Rec Center Fee 2 Y/N
N
Ttl Mthly Fee Equiv
400

Lockbox Type

Supra
Yes

Master Bathroom

3/4 Bath Master Bdrm
Yes

Additional Bedroom

Master Bedroom Walk-in Closet
Yes

Flooring

Carpet
Yes
Tile
Yes

Dining Area

Eat-in Kitchen
Yes

Heating

Natural Gas
Yes

Kitchen Features

Dishwasher
Yes
Kitchen Island
Yes
Built-in Microwave
Yes

Cooling

Central Air
Yes

Laundry

Washer Hookup
Yes

Separate Den/Office

Sep Den/Office Y/N
N

Technology

Security System Owned
Yes

Fencing

None
Yes

Water Source

City Water
Yes

Spa

None
Yes

Sewer

Sewer - Public
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
1031 Exchange
Yes

Utilities

APS
Yes
SW Gas
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Landscaping

Desert Front
Yes

Disclosures

Agency Discl Req
Yes

Possession

Close of Escrow
Yes

Association Fee Incl

Exterior Mnt of Unit
Yes
Roof Repair
Yes
Roof Replacement
Yes
Blanket Ins Policy
Yes
Water
Yes
Sewer
Yes
Garbage Collection
Yes
Pest Control
Yes
Front Yard Maint
Yes
Common Area Maint
Yes
Street Maint
Yes

Assoc Rules/Info

Pets OK (See Rmrks)
Yes
Rental OK (See Rmks)
Yes
Prof Managed
Yes

Property Features

Special Listing Cond: N/A Master Bathroom: 3/4 Bath Master Bdrm Additional Bedroom: Master Bedroom Walk-in Closet Flooring: Carpet; Tile Spa: None Dining Area: Eat-in Kitchen Kitchen Features: Dishwasher; Built-in Microwave; Kitchen Island Laundry: Washer Hookup Technology: Security System Owned Construction: Other Const - Finish: Painted; Stucco Roofing: Tile Cooling: Central Air Heating: Natural Gas Utilities: APS; SW Gas Water Source: City Water Sewer: Sewer - Public Fencing: None Landscaping: Desert Front Showing Notification Methods: No Notification Required to Show Lockbox Type: Supra Possession: Close of Escrow Association Fee Incl: Exterior Mnt of Unit; Roof Repair; Roof Replacement; Blanket Ins Policy; Water; Sewer; Garbage Collection; Pest Control; Front Yard Maint; Common Area Maint; Street Maint Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; Conventional; 1031 Exchange Disclosures: Agency Discl Req

Documents

Listing Office: My Home Group Real Estate
IDX
Last Updated: March - 23 - 2026
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