5550 N 16TH Street 171, Phoenix, AZ 85016, Phoenix, 85016 - 3 bed, 2 bath
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Phoenix, AZ 85016
This Renovated Central Phoenix Townhouse is listed at $510,000—positioned well below the $515,384 Fair Market Value by 1%. This valuation gap offers $5,384 in Instant Equity for a property in Virtually New Condition. Following extensive 2024 renovations to the quartz kitchen and the installation of a new 2025 HVAC system, the home is entirely move-in ready with no deferred maintenance. Located in the prestigious Madison School District near the Biltmore area, it features a private split floor plan and resort-style community amenities. This is a premier lifestyle choice for Owner-Occupants or urban professionals.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5550 N 16TH Street 171 Subject | $485,000* List Price | 3 | 2 | 1,530 | $332 | - |
A 5342 N LAS CASITAS Place Sold | $450,000 | 2 | 2 | 1,644 | $274 | 0.2 mi |
B 5314 N LAS CASITAS Place Sold | $459,000 | 2 | 2 | 1,538 | $298 | 0.2 mi |
C 5314 N LAS CASITAS Place Sold | $459,000 | 2 | 2 | 1,538 | $298 | 0.2 mi |
D 5628 N 17TH Street Pending | $515,000 List Price | 3 | 2 | 1,532 | $336 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 2013, the property underwent extensive renovations in 2024 and 2025, including a fully updated kitchen with white shaker cabinets and quartz countertops, modernized bathrooms, and a brand-new HVAC system. The interior features contemporary finishes, stainless steel appliances, and high-quality flooring, meeting all criteria for a virtually new, move-in-ready home with no deferred maintenance.
The property features significant 2024 updates to the kitchen and bathrooms, along with a brand-new HVAC system installed in 2025, offering immediate move-in readiness and reduced maintenance concerns.
Situated in the highly desirable 85016 zip code with immediate access to the SR-51, this home is minutes away from the Biltmore area, Downtown Phoenix, and Sky Harbor Airport.
The 3-bedroom layout offers a thoughtfully designed split floor plan with all living spaces on one level, providing a private primary retreat separated from the secondary bedrooms.
While the living area is on a single level, it is elevated above the ground-floor garage, requiring stairs for access which may be a drawback for buyers with mobility preferences.
The $400 monthly association fee represents a significant recurring carrying cost that may impact the overall affordability for some prospective buyers.
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.
No exterior & parking available.
Grades 5-8 • 0.1 mi
Grades PK-4 • 0.9 mi
Grades 9-12 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 62% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,530 | 1,470 | 58% |
| Lot Size | 1,421 | 1,585 | 47% |
| Price | $485.0K | $430.0K | 62% |
| Price per sq ft | $317 | $299 | 54% |
| Built year | 2013 | 1979 | 94% |
| HOA | $400 | $278 | 74% |
| Days on market | 65 | 1655 | 1% |
Apr 10, 2026
$485,000
$510,000
-5% Price Drop
Initial Listing
Feb 20, 2026
$510,000
Initial Listing