$317,000
SOLD FEB 13, 2025

The Monarch Condominiums 5400 Park Ave Unit 213 Memphis, TN 38119

Colonial Acres Neighborhood
2 Beds
2 Baths
1,200-1,399 Sq Ft
6 Acres

Recently Sold

$227 Per Sq Ft

11% Below List Price

84 Days on Market

Highlights

  • Water Views
  • Fitness Center
  • Lake On Lot
  • White Station High Rated A
  • In Ground Pool
  • Gated Parking

About This Home

As of February 2025

Experience convenience and elegance at The Monarch, a sought-after luxury condominium in the heart of East Memphis. End unit, 2 bedroom, 2 bath condo on the second floor - a rarity with a spacious, open floorplan, 9-foot smooth ceilings, beautifully renovated kitchen w/ breakfast bar, DR, LR, & updated bathrooms, all complemented by stunning crown molding. The large primary suite features a walk-in shower, large walk-in closet, & windows overlooking the pool and professionally landscaped grounds. Enjoy top-tier amenities, including a gated entrance, monitored security, a chic lobby, and fabulous shared spaces like the Pauline Dining Room & Living Room. Stay active in the workout facility and/or outside on the pickleball/tennis court. Enjoy relaxing in the library, around the covered patio, or in the swimming pool area. Plus, there's even a guest suite for your visitors to enjoy. Live a carefree lifestyle full of luxury and convenience at The Monarch. Don't miss this rare opportunity!

Last Agent to Sell the Property

Jenny Burke Janda

Crye-Leike, Inc., REALTORS License #374196

Crye-Leike, Inc., REALTORS

Co-Listed By

Danny Burke

Crye-Leike, Inc., REALTORS License #239351

Last Buyer's Agent

Belinda Raines

Faith Management & Realty Grou License #316831

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,909

Year Built

  • Built in 1987

Lot Details

  • End Unit
  • 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

  • 1,200-1,399 Sq Ft Home
  • 1,310 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Some Wood Windows
  • Double Pane Windows
  • Window Treatments
  • Entrance Foyer
  • Separate Formal Living Room
  • Dining Room
  • Water Views
  • Termite Clearance
  • Laundry closet

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Partially Carpeted
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Separate Shower

Parking

  • 1 Car Detached Garage
  • Carport
  • Gated Parking
  • Guest Parking
  • Assigned Parking

Pool

  • In Ground Pool
  • Pool Equipment or Cover

Outdoor Features

  • Lake On Lot
  • Courtyard
  • Patio
  • Outdoor Gas Grill
  • Porch

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 067086 B00040

Community Details

Overview

  • Property has a Home Owners Association
  • $477 Maintenance Fee
  • 110 Units
  • The Monarch Community
  • 1St Amendment To The Monarch Condos Subdivision
  • Property managed by Keith Collins

Amenities

  • Trash Chute
  • Guest Suites

Recreation

Pet Policy

  • No Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,909

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: End Unit
  • Cross Street: Estate
  • MLS Map #: 759C
  • MAAR Subdivision Name: THE MONARCH CONDOMINIUMS
  • Condo: Yes
  • Number Of Stories: 1
  • Price Per Sq Ft: 241.98
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1310
  • Termite Contract: Yes
  • Year Built: 1987
  • List Price/ Sq Ft: 265
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Down, Primary Down, Renovated Bathroom, Luxury Primary Bath, Full Bath Down
  • Estimated Heated Sq Ft Range: 1200-1399
  • Bedroom 2 Description: Level 1, Shared Bath, Smooth Ceiling, Carpet
  • Bedrooms: 2
  • Bedrooms Down: 2
  • Floors/Ceilings: Wood Laminate Floors, Part Carpet, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 2
  • Equipment: Range/Oven, Self Cleaning Oven, Disposal, Dishwasher, Microwave, Refrigerator
  • Living Dining Kitchen: Separate Living Room, Separate Dining Room, Updated/Renovated Kitchen, Breakfast Bar
  • Misc Interior: All Window Treatments, Walk-In Closet(s), Cat/Dog Free House, Smoke Detector(s), Elevator, 2 or More Elevators, Trash Chute
  • Other Rooms: Laundry Closet, Entry Hall
  • Total Bathrooms: 2
  • Primary Bathroom Description: Separate Shower, Smooth Ceiling, Tile Floor
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Smooth Ceiling, Carpet

Exterior Features

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

Garage/Parking

  • Attached Detached Parking: Detached
  • Carport Garage: Carport
  • Number Covered Parking Spaces: 1
  • Parking Display: C1D
  • Parking Storage: Gated Parking, Gate Clickers, Assigned Parking, Designated Guest Parking

Utilities

  • Cooling: Central, Ceiling Fan(s)
  • Heating: Central, Electric
  • Water Sewer: Electric Water Heater, Public Water, Public Sewer

Association/Amenities

  • Condo Amenities: Tennis Court(s), Exercise Room, Guest Rm Available, Courtyard, Lake/Pond on Property, Water View
  • Condominium Association: Yes
  • Condominium Name: The Monarch
  • Management Company: Keith Collins

Fee Information

  • Monthly Maintenance Fee: 477

Lot Info

  • Lot Description: Some Trees, Lake/Pond on Property, Water View, Professionally Landscaped, Wood Fenced, Brick/Stone Fenced, Brick/Iron Fenced
  • Lot Number: UNIT 213
  • Acreage: 5.5
  • Price Per Acre: 63091
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 5

Tax Info

  • Assessor Parcel Number: 067086 B00040

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2024
Closed on
Feb 14, 2025
Sold by
Lovett Charles Lewis and Lovett Martha R
Bought by
Lang Jerry M
Seller's Agent
Jenny Burke Janda
Crye-Leike, Inc., REALTORS
Buyer's Agent
Belinda Raines
Faith Management & Realty Grou
List Price
$355,000
Sold Price
$317,000
Premium/Discount to List
-$38,000
-10.7%
Total Days on Market
84
Views
43
Current Estimated Value
$323,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,029
Avg. Annual Appreciation
7.83%

Purchase Details

Closed on
Jan 20, 2010
Sold by
Bristol Park Palace Llc
Bought by
Lovett Charles Lewis and Lovett Martha R

Map

About The Monarch Condominiums

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $317,000 None Listed On Document
Warranty Deed $160,000 Title & Escrow Services Inc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2025 02/13/25 Sold $317,000 -8.6% $264 / Sq Ft
01/10/2025 01/10/25 Pending -- -- --
11/30/2024 11/30/24 Price Changed $347,000 -2.3% $289 / Sq Ft
10/18/2024 10/18/24 For Sale $355,000 -- $296 / Sq Ft
Source: Memphis Area Association of REALTORS®

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
2024 $1,909 $56,325 $6,600 $49,725
2023 $3,431 $56,325 $6,600 $49,725
2022 $3,431 $56,325 $6,600 $49,725
2021 $3,471 $56,325 $6,600 $49,725
2020 $3,261 $45,000 $6,600 $38,400
2019 $3,261 $45,000 $6,600 $38,400
2018 $3,261 $45,000 $6,600 $38,400
2017 $1,850 $45,000 $6,600 $38,400
2016 $1,661 $38,000 $0 $0
2014 $1,661 $38,000 $0 $0
Source: Public Records

Source: Memphis Area Association of REALTORS®

MLS Number: 10183498

Memphis Area Association of REALTORS®

APN: 06-7086-B0-0040

Tennessee Shelby County Memphis 38119 Colonial Acres

5400 Park Ave Unit 213, Memphis, TN

Homes for Sale in Memphis, TN

This home is located at 5400 Park Ave Unit 213, Memphis, TN 38119 and is currently priced at $317,000, approximately $226 per square foot. This property was built in 1987. 5400 Park Ave Unit 213 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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