$249,900

The Monarch Condominiums 5400 Park Ave Unit 225 Memphis, TN 38119

Colonial Acres Neighborhood

Estimated payment $1,494/month

Total Views 418
1 Bed
1 Bath
800-999 Sq Ft
$250 Price per Sq Ft

Highlights

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

About This Home

Priced to sell and move in ready. Recent renovations are knockout. Ideally located in quiet corner of The Monarch. Open the doors to a grand marbled entrance with 9ft. ceilings, crown molding, & hardwood thru out. Wonderful natural light, spacious bedroom w/huge walk-in closet. Friendly community with unmatched amenities & services, low HOA fees and utilities. Financially sound HOA. On site property manager and staff to assist in every way. Show anytime. Ideally located in the heart of East Memphis convenient to great restaurants, shopping and easy access to the airport. Three security gates with controlled access sitting on 5.5 acres of beautifully maintained grounds. You will love living at the Monarch, carefree living at its best.

Listing Agent

Belinda Raines

Faith Management & Realty Grou License #316831 Listed on: 08/14/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,595

Year Built

  • Built in 1988

Lot Details

  • End Unit
  • Wrought Iron Fence
  • Wood Fence
  • Brick Fence
  • Landscaped Professionally
  • Sprinklers on Timer
  • Few Trees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Built-Up Roof

Interior Spaces

  • 800-999 Sq Ft Home
  • 994 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • Ceiling height of 9 feet or more
  • 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

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

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

  • Security Gate
  • Monitored
  • Termite Clearance

Parking

  • 1 Covered Space
  • Gated Parking
  • Guest Parking
  • Assigned Parking

Pool

  • In Ground Pool
  • Pool Equipment or Cover

Outdoor Features

  • Lake On Lot
  • Courtyard
  • Outdoor Gas Grill

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Cable TV Available

Community Details

Overview

  • Property has a Home Owners Association
  • $317 Maintenance Fee
  • Association fees include some utilities, water/sewer, trash collection, exterior maintenance, grounds maintenance, management fees, exterior insurance, reserve fund, parking, pest control contract
  • 110 Units
  • Mid-Rise Condominium
  • The Monarch Community
  • Amended And Restated Master Deed Subdivision
  • Property managed by Keith Collins

Amenities

  • Trash Chute
  • 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

$1,595

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Attached Single Family
  • Style: Traditional
  • Attached Unit Type: End Unit, Mid Rise (3-6 Stories)
  • Detached Unit Type: General Residential
  • Cross Street: Estate
  • MLS Map #: 759C
  • MAAR Subdivision Name: THE MONARCH CONDOMINIUMS
  • Condo: Yes
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 994
  • Termite Contract: Yes
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Additional Bedroom Bathroom Info: All Bedrooms Down, Renovated Bathroom, Full Bath Down
  • Estimated Heated Sq Ft Range: 800-999
  • Bedrooms: 1
  • Bedrooms Down: 1
  • Floors/Ceilings: Hardwood Throughout, Tile, Smooth Ceiling, 9 or more Ft. Ceiling
  • Full Bathrooms: 1
  • Equipment: Range/Oven, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Cable Wired, Cable Available
  • 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, 2 or More Elevators, Vent Hood/Exhaust Fan, Trash Chute
  • Other Rooms: Laundry Closet
  • Total Bathrooms: 1
  • P R I M A R Y B E D R O O M: Level 1, Walk-In Closet, Full Bath, Smooth Ceiling, Hardwood Floor

Exterior Features

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

Garage/Parking

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

Utilities

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

Association/Amenities

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

Fee Information

  • Monthly Maintenance Fee: 317

Lot Info

  • Lot Description: Some Trees, Lake/Pond on Property, Corner, Professionally Landscaped, Wood Fenced, Brick/Stone Fenced, Iron Fenced
  • Acreage: 5.5
  • Price Per Acre: 45436
  • Geo Subdivision: TN

Multi Family

  • Number Of Rooms: 4

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

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 $1,595 $62,400 $5,025 $57,375
2024 $1,595 $47,050 $5,025 $42,025
2023 $2,866 $47,050 $5,025 $42,025
2022 $2,866 $47,050 $5,025 $42,025
2021 $2,900 $47,050 $5,025 $42,025
2020 $2,670 $36,850 $5,025 $31,825
2019 $2,670 $36,850 $5,025 $31,825
2018 $2,670 $36,850 $5,025 $31,825
2017 $1,515 $36,850 $5,025 $31,825
2016 $1,120 $25,625 $0 $0
2014 $1,120 $25,625 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2025 08/14/25 For Sale $249,900 +143.8% $312 / Sq Ft
12/07/2012 12/07/12 Sold $102,500 -48.7% $103 / Sq Ft
11/27/2012 11/27/12 Pending -- -- --
09/10/2012 09/10/12 For Sale $199,900 -- $200 / Sq Ft
Source: Memphis Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $102,500 None Available
Warranty Deed $125,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $82,000 New Conventional
Previous Owner $97,200 New Conventional
Previous Owner $100,000 Fannie Mae Freddie Mac
Source: Public Records

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See All Homes in Memphis

Source: Memphis Area Association of REALTORS®

MLS Number: 10203510

Memphis Area Association of REALTORS®

APN: 06-7086-B0-0052

Tennessee Shelby County Memphis 38119 Colonial Acres

5400 Park Ave Unit 225, Memphis, TN

This home is located at 5400 Park Ave Unit 225, Memphis, TN 38119 and is currently priced at $249,900, approximately $250 per square foot. This property was built in 1988. 5400 Park Ave Unit 225 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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Nearby Homes
Listing Agent
Belinda Raines
Section Image
Faith Management & Realty Grou
(901) 586-2185