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$465,000
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Property Description
Welcome to Madison Place at Greer Manor, a highly desirable gated community located in the heart of Central Phoenix's coveted 85016 zip code. Perfectly positioned near the SR-51 freeway, this prime location offers effortless access to Downtown Phoenix, Sky Harbor Airport, and some of Arizona's finest dining, shopping, and sporting venues. Whether you're heading to a Suns game, exploring the Biltmore area, or enjoying the vibrant culinary scene, everything you need is just minutes away. This beautifully maintained 3-bedroom, 2-bathroom residence offers a thoughtfully designed split floor plan with all living spaces conveniently located on one level. The spacious primary suite is privately situated and features a generous walk-in closet and a luxurious en-suite bath complete with a separate soaking tub and shower -- the perfect retreat at the end of the day. The expansive Great Room showcases tile flooring, a functional kitchen island, upgraded countertops, and stainless steel appliances, creating an ideal space for both entertaining and everyday living. Both the Kitchen and the bathrooms have been updated in 2024 a new HVAC system in 2025! Additional highlights include blinds throughout, ceiling fans, and quality finishes that add comfort and style throughout the home. Enjoy the convenience of a bottom-floor garage with epoxy flooring and exceptional storage, while the main living area remains elevated for privacy and ease. Step outside to your private patio, ideal for morning coffee or evening relaxation. Residents also enjoy close access to the community's luxurious, resort-style pool, offering the perfect Arizona lifestyle. Perfectly positioned near the SR-51 freeway, this prime location offers effortless access to Downtown Phoenix, Sky Harbor Airport, and some of Arizona's finest dining, shopping, and sporting venues. Whether you're heading to a Suns game, exploring the Biltmore area, or enjoying the vibrant culinary scene, everything you need is just minutes away. This is low-maintenance living in one of Phoenix's most sought-after central locations -- combining comfort, convenience, and community in one exceptional opportunity.
Full Property Details
Full Property Details for 5550 N 16th St #171
General
- Price: $465,000
- HOA FEE: $400/month
- Taxes: $3,042 (2025)
- Status: Active
- Type: Townhouse
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6987701
- Updated: 5/14/2026
- Added to Site: 95 day(s) ago
Interior
- Interior Features: Double Vanity, Eat-in Kitchen, Breakfast Bar, Kitchen Island, Full Bth Master Bdrm
- Appliances: Built-in Microwave, Dishwasher, Disposal, Gas Range, Gas Oven
- Flooring: Carpet, Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Inside, Gas Dryer Hookup
Parking
- Garage: Yes
- Garage Spaces: 2
Location
- County: Maricopa
- Township: 2N
- Subdivision: MADISON PLACE AT GREER MANOR CONDOMINIUM
- Cross Streets: 16th St & Bethany Home
Community
- Association: Yes
- Assoc. Name: MADISON PLACE
- Assoc. Fees Include: Roof Repair, Insurance, Pest Control, Maintenance Grounds, Street Maint, Front Yard Maint, Trash, Water, Roof Replacement, Maintenance Exterior
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Electric
Utilities
- Water: City Water
Structural Information
- Builder: Meritage Homes
- Exterior Const.: Stucco, Wood Frame, Painted, Stone
- Roof: Tile
- Common Walls: End Unit
- Windows: Low-Emissivity Windows, Dual Pane
- Sq. Ft. Source: Assessor
- Year Built: 2013
Lot Features
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,421
- Lot Size Source: Assessor
- Lot Features: None, North/South Exposure
Financial Considerations
- Association Fee: $400
- Assoc Fee Freq.: Monthly
- Tax Amount: $3,042
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Ownership: Fee Simple
- Legal Description: LOT 171 MADISON PLACE AT GREER MANOR CONDOMINIUM AMD MCR
- Property ID: 162-02-298
- Range: 3E
- Section: 16
- Lot Number: 171
Listed by Russ Lyon Sotheby's International Realty
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Price & Sales History for 5550 N 16th St #171
Date
Details
Price
Change
Source
5/14/2026
Price Reduced
$465,000
-3.12%
MLS
5/02/2026
Price Reduced
$480,000
-1.03%
MLS
4/08/2026
Price Reduced
$485,000
-4.9%
MLS
3/12/2026
Price Reduced
$510,000
-1.92%
MLS
2/20/2026
Listed
$520,000
62.5%
MLS
1/29/2019
Sold
$320,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5550 N 16th St #171
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,042
5%
$40,580
-4%
2024
$2,892
-3%
$42,420
-3%
2023
$2,975
3%
$43,730
24%
2022
$2,880
—
$35,200
16%
2022
$2,880
-2%
$30,280
-3%
2021
$2,938
2%
$31,330
3%
2020
$2,891
2%
$30,380
1%
2019
$2,825
-10%
$30,060
7%
2018
$3,122
5%
$28,050
16%
2017
$2,975
4%
$24,160
-4%
2016
$2,873
30%
$25,260
43%
2014
$2,208
605%
$17,670
750%
2013
$313
—
$2,080
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5550 N 16th St #171
5550 N 16th Street #171, Phoenix, AZ 85016 (MLS# 6987701) is a Townhouse property with 3 bedrooms and 2 full bathrooms. 5550 N 16th Street #171 is currently listed for $465,000 and was received on February 20, 2026. Want to learn more about 5550 N 16th Street #171? Do you have questions about finding other Townhouse real estate for sale in Phoenix? You can browse all Phoenix real estate or contact a Coldwell Banker agent to request more information.

