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$264,900
5550 N 16TH Street 182
Phoenix, AZ 85016
MLS# 5697998
Status: Closed
2 beds  |  2 baths


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Property Description
FHA LOAN ASSUMABLE! 3.25 RATE - Buyer must qualify with current lender. Ask for details. Fantastic & sought-after single level in Madison Place! This has been a popular floorplan and these rarely come on the market. This first floor, end unit plan is known for it's split bedrooms, open feel, and efficient use of space and light. Owner has lightly lived in this unit & pride of ownership is present. The buzz words ''move in ready'', ''immaculate'' and ''modern'' describe this space. Nicely appointed unit with expresso cabinets, white quartz kitchen counters, & spa-style floor tile in all areas except two bedrooms where there is highly upgraded carpet. Rich cabinets & kitchen has upgraded gas range & appliances. Owner including side by side full size stainless refrigerator, washer & dryer.

Details
Maps
Contract Information
Type: Exclusive Right To Sell
Ownership: Fee Simple
Sold Price: $264,900
Status: Closed
Current Price: $264,900
List Date: 2017-12-12
Location, Tax & Legal
Unit #: 182
Assessor's Map #: 2
Legal Description (Abbrev): LOT 182 MADISON PLACE AT GREER MANOR CONDOMINIUM AMD MCR 113807
Assessor's Parcel #: 309
Tax Municipality: Maricopa - COUNTY
Taxes: 2007
Map Code/Grid: N34
House Number: 5550
Compass: N
Street Name: 16TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 2947
County Code: Maricopa
Assessor Number: 162-02-309
Subdivision: MADISON PLACE
Tax Year: 2017
General Property Description
Dwelling Styles: Stacked
# of Interior Levels: 1
Approx SQFT: 1063
Price/SqFt: 249.2
Approx Lot SqFt: 1019
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 Middle School
High School: North High School
Community Pool Y/N: Yes
Private Pool Y/N: No
Planned Comm Name: Madison Place
Fireplace YN: No
Marketing Name: Madison Place
Dwelling Type: Apartment
Exterior Stories: 2
# Bedrooms: 2
Total Bathrooms: 2
Year Built: 2013
Legal Info
Range: 3E
Section: 16
Township: 2N
Lot Number: 182
Special Listing Cond
N/A: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Stone: 1
Roofing
Tile: 1
Pmt & Rate Info
Down Payment: 0
Total Asum Mnth Pmts: 0
Association & Fees
HOA Y/N: Y
HOA Transfer Fee: 0
HOA Fee: 225.65
HOA Paid Frequency: Monthly
HOA Name: Madison Place HOA
HOA Telephone: 602-957-9191
HOA Management Company: AAM
HOA 2 Y/N: N
PAD Fee Y/N: N
Cap Improvement/Impact Fee: 676
Cap Improvement/Impact Fee $/%: $
Cap Improvement/Impact Fee 2: 676
Cap Improvement/Impact Fee 2 $/%: $
Land Lease Fee Y/N: N
Rec Center Fee Y/N: N
Rec Center Fee 2 Y/N: N
Ttl Mthly Fee Equiv: 225.65
Architecture
Other: 1
Building Style
2-3-4 Plex: 1
Master Bathroom
3/4 Bath Master Bdrm: 1
Double Vanity: 1
Private Toilet Room: 1
Master Bedroom
Split: 1
Additional Bedroom
Other Bedroom Split: 1
Master Bedroom Walk-in Closet: 1
Add'l Property Use
None: 1
Flooring
Carpet: 1
Tile: 1
Window Features
Dual Pane: 1
ENERGY STAR Qualified Windows: 1
Low-Emissivity Windows: 1
Community Features
Community Spa: 1
Community Spa Htd: 1
Near Bus Stop: 1
Dining Area
Eat-in Kitchen: 1
Breakfast Bar: 1
Heating
Natural Gas: 1
Kitchen Features
Dishwasher: 1
Disposal: 1
Gas Oven: 1
Gas Range: 1
Kitchen Island: 1
Built-in Microwave: 1
Non-laminate Counter: 1
Refrigerator: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Interior Features
9+ Flat Ceilings: 1
Fire Sprinkler System: 1
No Interior Steps: 1
Soft Water Loop: 1
Laundry
Washer Included: 1
Dryer Included: 1
Washer Hookup: 1
Inside: 1
Basement
Basement Y/N: N
Other Rooms
Great Room: 1
Separate Den/Office
Sep Den/Office Y/N: N
Technology
3+ Exist Tele Lines: 1
Cable TV Avail: 1
High Speed Internet: 1
Fencing
None: 1
Water Source
City Water: 1
Community Pool Features
Heated: 1
Spa
None: 1
Sewer
Sewer - Public: 1
Parking Spaces
Slab Parking Spaces: 0
Total Covered Spaces: 2
Garage Spaces: 2
Parking Features
Garage Door Opener: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Plumbing
Gas Hot Water Heater: 1
Utilities
APS: 1
SW Gas: 1
Existing 1st Loan
Conventional: 1
Landscaping
None: 1
Services
City Services: 1
Unit Style
All on One Level: 1
End Unit: 1
Disclosures
Seller Discl Avail: 1
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
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
FHA Approved Prjct: 1
VA Approved Prjct: 1
Sold Info
Loan Type: FHA
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 6000
Seller Concession $/%: $
Remarks Misc
Cross Street: 16th Street and Missouri
Directions: North on 16th St, Complex is on the left.
Geo Lat: 33.517393
Geo Lon: -112.047769
Status Change Info
Off Market Date: 2018-03-16
Under Contract Date: 2018-02-25
Close of Escrow Date: 2018-04-17
Sold Price: $264,900
Property Features
Special Listing Cond: N/A
Add'l Property Use: None
Architecture: Other
Building Style: 2-3-4 Plex
Master Bathroom: 3/4 Bath Master Bdrm; Double Vanity; Private Toilet Room
Master Bedroom: Split
Additional Bedroom: Other Bedroom Split; Master Bedroom Walk-in Closet
Flooring: Carpet; Tile
Window Features: Dual Pane; ENERGY STAR Qualified Windows; Low-Emissivity Windows
Community Pool Features: Heated
Spa: None
Community Features: Community Spa; Community Spa Htd; Near Bus Stop
Dining Area: Eat-in Kitchen; Breakfast Bar
Kitchen Features: Gas Oven; Gas Range; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Non-laminate Counter; Kitchen Island
Laundry: Washer Included; Dryer Included; Washer Hookup; Inside
Other Rooms: Great Room
Interior Features: 9+ Flat Ceilings; Fire Sprinkler System; No Interior Steps; Soft Water Loop
Technology: 3+ Exist Tele Lines; Cable TV Avail; High Speed Internet
Parking Features: Garage Door Opener
Construction: Wood Frame
Const - Finish: Painted; Stucco; Stone
Roofing: Tile
Cooling: Central Air; Ceiling Fan(s)
Heating: Natural Gas
Plumbing: Gas Hot Water Heater
Utilities: APS; SW Gas
Water Source: City Water
Sewer: Sewer - Public
Services: City Services
Fencing: None
Landscaping: None
Possession: Close of Escrow
Unit Style: All on One Level; End Unit
Association Fee Incl: Exterior Mnt of Unit; Roof Repair; Roof Replacement; Blanket Ins Policy; Pest Control; Front Yard Maint; Common Area Maint; Street Maint
Existing 1st Loan: Conventional
New Financing: Cash; VA; FHA; Conventional
Disclosures: Seller Discl Avail; Agency Discl Req
Supplements
Master bedroom has ensuite and spacious walk in closet. Two car garage is preplumbedfor water soft loop. Project is FHA and VA loan approved with healthy HOA. This is an amazing opportunity especially in highly desired Madison neighborhood and 85016 zip code. Minutes to the Biltmore, 51 Freeway and downtown Phoenix.

IDX
Listing Office: AZ Brokerage Holdings, LLC

Last Updated: January - 22 - 2026

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