NOT LISTED FOR SALE

The Monarch Condominiums 5400 Park Ave Unit 108 Memphis, TN 38119

Colonial Acres Neighborhood

Estimated Value: $235,000 - $249,000

1 Bed
1 Bath
948 Sq Ft
5.5 Acres

Last Sold May 20, 2022

Last sale price $252,000 $266 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,446/month

2 Days on Market

Highlights

  • Fitness Center
  • In Ground Pool
  • Sitting Area In Primary Bedroom
  • White Station High Rated A
  • Lake On Lot
  • Updated Kitchen

About This Home

As of May 2022

GROUND FLOOR, most unique one BR floorpan. Enjoy the Patio overlooking west grounds w/mature Oaks and landscaped grounds. EVERYTHING NEW... floors, countertops, backsplash, paint. HUGE master w/ spacious dressing room & walk in closet, 9 ft ceilings, crown molding, plantation shutters, open kitchen, new HVAC, washer/dryer. Low HOA $288. Unmatched amenities, pool, gym, tennis court, guest suite, Pauline Room, library, property manager & security/concierge on site. Carefree living at its best!

Last Agent to Sell the Property

Belinda Raines

Faith Management & Realty Grou License #316831 Listed on: 04/23/2022

Last Buyer's Agent

Belinda Raines

Faith Management & Realty Grou License #316831 Listed on: 04/23/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,561

Year Built

  • Built in 1987

Lot Details

  • Dog Run
  • Wood Fence
  • Brick Fence
  • Landscaped Professionally
  • Sprinklers on Timer
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Built-Up Roof
  • Synthetic Stucco Exterior

Interior Spaces

  • 948 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • 1 Fireplace
  • Some Wood Windows
  • Double Pane Windows
  • Window Treatments
  • Combination Dining and Living Room

Kitchen

  • Updated Kitchen
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Sitting Area In Primary Bedroom
  • 1 Primary Bedroom on Main
  • Walk-In Closet
  • Dressing Area
  • Remodeled Bathroom
  • 1 Full Bathroom
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security Gate
  • Monitored
  • Iron Doors

Parking

  • 1 Parking Space
  • Carport
  • Guest Parking
  • Assigned Parking

Pool

  • In Ground Pool
  • Pool Equipment or Cover

Outdoor Features

  • Lake On Lot
  • Courtyard
  • Deck
  • Covered Patio or Porch
  • Outdoor Gas Grill

Location

  • Ground Level

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 067086 B00009

Community Details

Overview

  • Property has a Home Owners Association
  • $288 Maintenance Fee
  • Association fees include exterior insurance, exterior maintenance, grounds maintenance, management fees, parking, pest control contract, reserve fund, some utilities, trash collection, water/sewer
  • 110 Units
  • Mid-Rise Condominium
  • The Monaarch Community
  • 1St Amendment To The Monarch Condos Subdivision
  • Property managed by Envol ve

Amenities

  • Clubhouse
  • Guest Suites

Recreation

Pet Policy

  • No Pets Allowed

Security

  • Security Guard
  • Building Fire Alarm
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,561

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: First Floor Flat, Ground Level-Single Story, Mid Rise (3-6 Stories)
  • Detached Unit Type: General Residential
  • Cross Street: Estate
  • MLS Map #: 759C
  • MAAR Subdivision Name: THE MONARCH CONDOMINIUMS
  • Condo: Yes
  • List Price Per Sq Ft: 266
  • Number Of Stories: 1
  • Price Per Sq Ft: 265.82
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 948
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, 1 Bath, Laundry Room
  • Additional Bedroom Bathroom Info: All Bedrooms Down, 1 or More BR Down, Primary Down, Renovated Bathroom, Luxury Primary Bath, Full Bath Down
  • Estimated Heated Sq Ft Range: 0-999
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Floors/Ceilings: Hardwood Throughout, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer
  • Living Dining Kitchen: LR/DR Combination, Updated/Renovated Kitchen, Washer/Dryer Connections
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Powder/Dressing Room, Cat/Dog Free House, Smoke Detector(s), Monitored Alarm, Elevator
  • Number Of Fireplaces: 1
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 1
  • Primary Bathroom Description: Dressing Area, Smooth Ceiling
  • P R I M A R Y B E D R O O M: Full Bath, Hardwood Floor, Level 1, Sitting Area, Tile Floor, Walk-In Closet

Exterior Features

  • Misc Exterior: Auto Lawn Sprinkler, Pool Cleaning Equipment, Gas Grill, Patio, Covered Patio, Deck, Tennis Court, Courtyard, Well Landscaped Grounds, Brick or Stone Fence, Wood Fence, Pet Area, Sidewalks, Brick/Ironed Fence
  • Exterior Windows: Brick Veneer, Wood/Composition, Synthetic Stucco, Wood Window(s), Double Pane Window(s), Steel Insulated Door(s)
  • Foundation: Slab
  • Pool Description: In Ground
  • Roof: Built-Up/Flat

Garage/Parking

  • Carport Garage: Carport
  • Number Covered Parking Spaces: 1
  • Parking Display: C1
  • Parking Storage: Gate Clickers, Assigned Parking, Designated Guest Parking

Utilities

  • Cooling: Central
  • Heating: Central, Electric, Electric Heat Pump
  • Security: Closed Circuit TV, Dead Bolt Lock(s), Fire Alarm, Limited Access, Monitored Alarm System, Part Time Guard Service, Security Gate, Smoke Detector(s)
  • Water Sewer: Electric Water Heater, Public Sewer, Public Water

Association/Amenities

  • Condo Amenities: Lighted Tennis Court(s), Exercise Room, Clubhouse, Clubhouse w/ Kitchen, Guest Rm Available, Courtyard, Lake/Pond on Property
  • Condo Fees Include: Exterior Insurance, Exterior Maintenance, Grounds Maintenance, Management Fees, Parking, Pest Control Contract, Reserve Fund, Some Utilities, Trash Collection, Water/Sewer
  • Condominium Association: Yes
  • Condominium Name: The Monaarch
  • Management Company: Envol ve

Fee Information

  • Monthly Maintenance Fee: 288

Lot Info

  • Lot Description: Some Trees, Lake/Pond on Property, Professionally Landscaped, Wood Fenced, Brick/Stone Fenced, Brick/Iron Fenced
  • Lot Number: UNIT 108
  • Acreage: 5.5
  • Price Per Acre: 45818

Multi Family

  • Number Of Rooms: 4

Tax Info

  • Assessor Parcel Number: 067086 B00009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2022
Closed on
May 20, 2022
Sold by
Janice Galloway Shappley Living Trust
Bought by
Gravatt John G and Gravatt Emily B
Seller's Agent
Belinda Raines
Faith Management & Realty Grou
Buyer's Agent
Belinda Raines
Faith Management & Realty Grou
List Price
$252,000
Sold Price
$252,000
Current Estimated Value
$241,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,565
Avg. Annual Appreciation
0.00%

Purchase Details

Closed on
Jun 8, 2021
Sold by
Galloway Janice K
Bought by
Shappley Janice Galloway and Shappley Janice Galloway

Purchase Details

Listed on
Aug 31, 2020
Closed on
Aug 28, 2020
Sold by
Grice Lenard and Grice Nina
Bought by
Galloway Janice K
Seller's Agent
Belinda Raines
Faith Management & Realty Grou
Buyer's Agent
Belinda Raines
Faith Management & Realty Grou
List Price
$190,000
Sold Price
$190,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.84%
Original Mortgage
$152,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 29, 2011
Closed on
Feb 22, 2012
Sold by
Shaw Natalie N
Bought by
Grice Lenard and Grice Nina
Seller's Agent
Craig Graham
Welch Realty, LLC
Buyer's Agent
Andrew Foster
Keller Williams
List Price
$125,000
Sold Price
$106,000
Premium/Discount to List
-$19,000
-15.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.08%

Purchase Details

Closed on
Mar 16, 2011
Sold by
Bristol Park Palace Llc
Bought by
Shaw Natalie N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
4.99%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gravatt John G $252,000 Realty Title & Escrow
Shappley Janice Galloway -- None Available
Galloway Janice K $190,000 None Available
Grice Lenard $106,000 Premium Title Group Llc
Shaw Natalie N $130,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Galloway Janice K $152,000
Previous Owner Shaw Natalie N $117,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2022 05/20/22 Sold $252,000 0.0% $266 / Sq Ft
04/25/2022 04/25/22 Pending -- -- --
04/23/2022 04/23/22 For Sale $252,000 +32.6% $266 / Sq Ft
08/31/2020 08/31/20 Sold $190,000 0.0% $1,900 / Sq Ft
08/31/2020 08/31/20 For Sale $190,000 +79.2% $1,900 / Sq Ft
02/21/2012 02/21/12 Sold $106,000 -15.2% $112 / Sq Ft
02/08/2012 02/08/12 Pending -- -- --
12/29/2011 12/29/11 For Sale $125,000 -- $132 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,561 $61,000 $4,925 $56,075
2024 $1,561 $46,050 $4,925 $41,125
2023 $2,805 $46,050 $4,925 $41,125
2022 $2,805 $46,050 $4,925 $41,125
2021 $2,838 $46,050 $4,925 $41,125
2020 $2,605 $35,950 $4,925 $31,025
2019 $1,149 $35,950 $4,925 $31,025
2018 $1,149 $35,950 $4,925 $31,025
2017 $1,176 $35,950 $4,925 $31,025
2016 $1,158 $26,500 $0 $0
2014 $1,158 $26,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Belinda Raines

    Faith Management & Realty Grou

    (901) 752-8983

    39 in this area

    40 Total Sales

    Belinda Raines
    Section Image
  • Craig Graham

    Seller's Agent in 2012

    Craig Graham

    Welch Realty, LLC

    (901) 550-1978

    13 Total Sales

    Craig Graham
    Section Image

  • A

    Buyer's Agent in 2012

    Andrew Foster

    Keller Williams

See All Agents

About The Monarch Condominiums

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10122490

Memphis Area Association of REALTORS®

APN: 06-7086-B0-0009

Tennessee Shelby County Memphis 38119 Colonial Acres

5400 Park Ave Unit 108, Memphis, TN

This home is located at 5400 Park Ave Unit 108, Memphis, TN 38119 since 23 April 2022 and is currently estimated at $241,435, approximately $254 per square foot. This property was built in 1987. 5400 Park Ave Unit 108 is a home located in Shelby County with nearby schools including Sea Isle Elementary School, Colonial Middle, and White Station High.

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