5550 N 16TH Street 162, Phoenix, AZ 85016 (MLS# 6987091)

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: Active

Current Price: $380,000 Last Modified: 2/19/2026

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.

More Information MLS# 6987091

Contract Information

Type: Exclusive Right To Sell Ownership: Fee Simple Co-Ownership (Fractional) Agreement YN: No List Price: $380,000 Status: Active Current Price: $380,000 List Date: 2026-02-19

Location, Tax & Legal

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 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

General Property Description

Dwelling Styles: Attached # of Interior Levels: 2 Full Bathrooms: 2 Half Bathrooms: 1 Approx SQFT: 1236 Price/SqFt: 307.44 Approx Lot SqFt: 588 Approx Lot Acres: 0.013 Horses: N Builder Name: MERITAGE HOMES 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 Community Pool Y/N: No Private Pool Y/N: No Fireplace YN: No Dwelling Type: Townhouse Exterior Stories: 2 # Bedrooms: 2 Total Bathrooms: 3 Year Built: 2013

Legal Info

Range: 3E Section: 16 Township: 2N Lot Number: 162

Special Listing Cond

N/A: 1

Construction

Other: 1

Const - Finish

Painted: 1 Stucco: 1

Roofing

Tile: 1

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

Showing Notification Methods

Showing Service: Aligned Showings No Notification Required to Show: 1

Lockbox Type

Supra: 1

Master Bathroom

3/4 Bath Master Bdrm: 1

Additional Bedroom

Master Bedroom Walk-in Closet: 1

Flooring

Carpet: 1 Tile: 1

Dining Area

Eat-in Kitchen: 1

Heating

Natural Gas: 1

Kitchen Features

Dishwasher: 1 Kitchen Island: 1 Built-in Microwave: 1

Cooling

Central Air: 1

Laundry

Washer Hookup: 1

Basement

Basement Y/N: N

Separate Den/Office

Sep Den/Office Y/N: N

Technology

Security System Owned: 1

Fencing

None: 1

Water Source

City Water: 1

Spa

None: 1

Sewer

Sewer - Public: 1

Parking Spaces

Slab Parking Spaces: 0 Total Covered Spaces: 2 Garage Spaces: 2

New Financing

Cash: 1 VA: 1 Conventional: 1 1031 Exchange: 1

Utilities

APS: 1 SW Gas: 1

Existing 1st Loan

Treat as Free&Clear: 1

Landscaping

Desert Front: 1

Disclosures

Agency Discl Req: 1

Possession

Close of Escrow: 1

Association Fee Incl

Exterior Mnt of Unit: 1 Roof Repair: 1 Roof Replacement: 1 Blanket Ins Policy: 1 Water: 1 Sewer: 1 Garbage Collection: 1 Pest Control: 1 Front Yard Maint: 1 Common Area Maint: 1 Street Maint: 1

Assoc Rules/Info

Pets OK (See Rmrks): 1 Rental OK (See Rmks): 1 Prof Managed: 1

Remarks Misc

Cross Street: 16th Street and Missouri Geo Lat: 33.517871 Geo Lon: -112.048476

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

ABD ›

Listing Office: My Home Group Real Estate

Last Updated: February - 19 - 2026