The Monarch Condominiums 5400 Park Ave Unit 108 Memphis, TN 38119
Colonial Acres Neighborhood
1
Bed
1
Bath
948
Sq Ft
5.5
Acres
Highlights
- Fitness Center
- In Ground Pool
- Updated Kitchen
- White Station High Rated A
- Gated Parking
- Clubhouse
About This Home
As of May 2022Beautiful one bedroom plan on first floor. Completely redone w/ hardwood, tile floors and ss appliances. Amenities galore! Pool, tennis court, gym, library, concierge, guest rm, party rm w/ kitchen, gated entrance and part time security guard.
Last Agent to Sell the Property
Welch Realty, LLC License #260648 Listed on: 12/29/2011
Last Buyer's Agent
Andrew Foster
Keller Williams License #248557
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,561
Year Built
- Built in 1987
Lot Details
- Landscaped
Home Design
- Traditional Architecture
- Slab Foundation
- Synthetic Stucco Exterior
Interior Spaces
- 948 Sq Ft Home
- 1-Story Property
- Smooth Ceilings
- Gas Log Fireplace
- Fireplace in Hearth Room
- Some Wood Windows
- Combination Dining and Living Room
- Laundry closet
Kitchen
- Updated Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 1 Primary Bedroom on Main
- 1 Full Bathroom
Home Security
- Security Gate
- Closed Circuit Camera
- Termite Clearance
Parking
- 1 Parking Space
- Carport
- Gated Parking
- Guest Parking
- Assigned Parking
Outdoor Features
- In Ground Pool
- Patio
Utilities
- Central Air
- Heating Available
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 067086 B00009
Community Details
Overview
- Property has a Home Owners Association
- Association fees include water/sewer, trash collection, exterior maintenance, grounds maintenance
- 110 Units
- Mid-Rise Condominium
- The Monarch Community
- 1St Amendment To The Monarch Condos Subdivision
Amenities
- Trash Chute
- Clubhouse
- Guest Suites
Recreation
Pet Policy
- No Pets Allowed
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
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
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $252,000 | Realty Title & Escrow | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $190,000 | None Available | |
| Warranty Deed | $106,000 | Premium Title Group Llc | |
| Warranty Deed | $130,000 | Multiple |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $152,000 | New Conventional | |
| Previous Owner | $117,000 | New Conventional |
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
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
-
Belinda Raines
B
Seller's Agent in 2022
Belinda Raines
Faith Management & Realty Grou
(901) 752-8983
39 in this area
40 Total Sales
-
Craig Graham
Seller's Agent in 2012
Craig Graham
Welch Realty, LLC
(901) 550-1978
13 Total Sales
-
A
Buyer's Agent in 2012
Andrew Foster
Keller Williams
About The Monarch Condominiums
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 3237929
APN: 06-7086-B0-0009
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